UPDATE 23 March 2023: When trying to access the website of Bleutrade today, we were unsuccessful. As far as we know, there have been no preceding messages on system maintenance or new websites or anything similar.
Accordingly, we believe that this exchange has closed down and we have marked it as "dead" in our Exchange Graveyard. If the exchange's website would become accessible again and the error is just temporary, we will "revive" it and bring it back to our Exchange List.
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What is Bleutrade?
Bleutrade’s is a cryptocurrency exchange originally from Brazil. The exchange launched in 2014. Brazil has become one of South America’s leading nations when it comes to cryptocurrencies, at least if you look at the number of cryptocurrency exchanges based in Brazil. A few years ago, there was actually a Brazilian non-profit organization that disclosed that cryptocurrency trading in Brazil was bigger than the gold spot trading on regular exchanges in Brazil. If that was true a few years ago, it is most likely even more so today.
Move from Brazil to Malta
However, Bleutrade moved from Brazil to Malta (22 September 2018), and later on over to Portugal. The move to Portugal was announced on 25 May 2020. The exchange closed their Malta offices on the same day.
Bleutrade does not explicitly prohibit US-investors from trading on the exchange. In any event, all US investors should do their own independent assessment of any problems arising from their residency or citizenship.
In terms of trading volume, this exchange was earlier among the leading cryptocurrency exchanges. However, on the date of last updating this review (2 December 2021), the trading volume was as low as USD 216 according to Coinmarketcap. With such a low trading volume, we recommend our readers to avoid creating a new account on this exchange. It would be sensible to look for other alternatives.
Bleutrade Trading View
Different exchanges have different trading views. And there is no “this overview is the best”-view. You should yourself determine which trading view that suits you the best. What the views normally have in common is that they all show the order book or at least part of the order book, a price chart of the chosen cryptocurrency and order history. They normally also have buy and sell-boxes. Before you choose an exchange, try to have a look at the trading view so that you can ascertain that it feels right to you. The below is a picture of the Basic trading view at Bleutrade:
And this is a picture of the Advanced trading view at Bleutrade. The main differences is the availability of charting tools to the left of the price chart and the overview of buy and ask prices in the bottom, below the price chart:
Bleutrade Trading fees
There are a number of top crypto exchanges out there in the world who don’t charge different fees between takers and makers. Usually, we say that such exchanges’ trading fees are “flat”. Bleutrade offers a flat trading fee of 0.25%. For investors who prefer to pick-up existing orders from the order book, this is a more attractive trading fee model.
Bleutrade’s trading fees are in line with the global industry average.
Bleutrade Withdrawal fees
Many exchanges have competitive trading fees but then hit you on the way out with their withdrawal fees. Let’s say you have reached your investment goals and you are looking to buy house with bitcoin. But in order to buy the house, you need to withdraw the funds. And BAM! – the exchange can make up for its low trading fees when you’re halfway out the door.
However, Bleutrade charges a withdrawal fee amounting to 0.001 BTC when you withdraw BTC. This is also in line with industry average.
This exchange does not accept any other deposit method than cryptocurrencies, so new crypto investors are restricted from trading here. If you are a new crypto investor and you wish to start trading at this exchange, you will have to purchase cryptos from another exchange first and then – as a second step – deposit them here.