BitcoinTrade - bitcointrade.com.br REVIEW, TRADING VOLUME AND PAIRS
BitcoinTrade is a Brazilian cryptocurrency exchange, trading on which is conducted with the fiat Brazilian Real. The list of coins available on the platform is limited to the 5 most popular ones - Bitcoin, Ripple, Bitcoin Cash, Litecoin, and Ethereum. The daily trading volume here is relatively small and at the time of writing this review is just over 600,000 dollars. The official website is only available in the Portuguese language, which limits the potential audience of investors to residents of Brazil. At the same time, the exchange does not prohibit investors from other countries to trade on bitcointrade.com.br.
The interface of the exchange is traditional and practically does not differ from hundreds of similar platforms. In the top menu, you can log in to the trading terminal, learn information about fees, read the official blog of the company, and find the form for contacting the support service. There is also a button for logging in and signing up. Developers will be glad to find API here. For investors who are interested in buying/selling cryptocurrency in instant exchange mode, there is an OTC terminal. And for traders who prefer to trade through a portable device, offers a convenient mobile application.
The commission fees on BitcoinTrade are quite considerable - 0.50% for the market maker and market taker. Compared to global exchanges, the trading volume of which is measured in the hundreds of millions of dollars per day is too much (the industry average is 0.20%). However, if you remember that the trading platform is focused on a specific region and the local fiat currency (Brazilian Real), you can put up with inflated trading commissions.
Let's talk about withdrawals. On bitcointrade.com.br, the amount of fees does not exceed the tariff for maintaining the network, so we can say that the commission for withdrawal is the minimum possible. While many exchanges charge an additional fee for processing withdrawals, maintains a democratic tariff policy in this regard.
Deposits, as has traditionally been the case in the industry, are not subject to fees. You can replenish your account in Brazilian Real by bank transfer, but unfortunately, the system does not support credit cards.
BitcoinTrade is a popular exchange that may be of interest to residents of Brazil, but due to its regional orientation is not particularly valuable for foreign investors. Among the positive aspects of the project are:
• User-friendly trading interface;
• Low withdrawal fees;
• Deposits in fiat Brazilian Real;
• Responsive support service.
Among the disadvantages, we should mention the high trading fees and the lack of a multilingual version of the website. Besides, numerous reviews of the exchange suggest that the project can be trusted. However, we don't recommend keeping large amounts on your balance. Transfer them to Appart or, at least, desktop wallets to avoid financial losses in the event of account hacking.