A trading cryptocurrency guide must provide reviews of all of the top crypto exchanges out there, so that you can find the best cryptocurrency exchange site for you. This review of Bleutrade consists of four parts: general information, fees, deposit methods and security.
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. 2 years ago, there was actually a Brazilian non-profit organization that disclosed that cryptocurrency trading in Brazil was bigger than the gold spot strading on regular exchanges in Brazil. If that was true 2 years ago, it is most likely even more so today.
However, Bleutrade recently moved its headquarters to Malta. As such, it was the first Latin American exchange to announce its move to one of the European more cryptofriendly countries. The exchange made the announcement on 22 September 2018.
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 is regularly among the top 150 cryptocurrency exchange sites with approx. USD 1 million in volume traded on a daily basis. So if you’re a whale and want to make some big divestments, this isn’t the place for you.
Bleutrade also offers support for bot trading. For instance, you could use the Margin Bot at Bleutrade.
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.
Bleutrade’s security score is F, when performing the test at Observatory by Mozilla (https://observatory.mozilla.org/). This is below industry average when it comes to top crypto exchanges.
The exchange reviewed above has a large number of supported cryptocurrencies. If a large number of supported cryptocurrencies is an important factor for you in your choice of cryptocurrency exchange, you could also check out the following exchanges: