Bitrus is a multifaceted cryptocurrency exchange that offers its users a host of functions and trading options, all of which are aimed at bridging the gap between the traditional financial and the emerging crypto markets and facilitating further engagement of private and institutional investors in the digital economy.
The project has a clearly defined goal, which is to make Bitrus exchange a rendezvous point for all financial actors, regardless of their scale. Furthermore, Bitrus is determined to become the first online platform free of numerous issues that plague the overwhelming majority of crypto retail exchanges, including hindered integration with fiat markets, insufficient transparency, inadequate fees, and poor customer support.
First and foremost, Bitrus aims at establishing the accessible fiat market channels with the primary focus being on the markets of Canada and Mexico and their respective currencies. In the future, they plan to broaden the scope of operations to other countries of South America (Argentina, Brazil, etc.) as well as the countries of Asia and Oceania.
But for the time being, the fiat/crypto trading pairs will include only CAD and MNX against all major cryptocurrencies. Mexico, in particular, represents a prospective market to enter as nearly half of its population of 120 million is comprised of unbanked people, who would be the first in line for the alternative fintech services.
To further broaden its ecosystem, Bitrus plans to introduce three payment gateways that will afford means for using all listed fiat currencies and cryptocurrencies, including the platforms native BTRS Coin, compliant with the ERC-20 tech standard, without any restraints that are inherent to the current digital economy. These gateways will include a decentralized marketplace, a set of debit cards, and the network of Bitcoin Teller Machines (BTM), the trial models of which are due to appear in Mexico City in the near future.
From the crypto trading standpoint, Bitrus introduces as much as three types of user interfaces: Beginner, Advanced, and Expert, as they fully realize the difficulties that fledgling traders face when they begin working in this field.
The Beginner interface has a very basic set of features whereas the Expert one has over 15 tools for technical analysis, as well as leverage trading and trailing stops. Also, Bitrus will feature a demo mode for those who break fresh ground in crypto trading.
Bitrus also introduces the sub-account feature that provides means for better money management through the separation of secondary accounts from the main one. Following a new trend in financial services, Bitrus offers a social trading feat that permits the inexperienced users to pattern upon the strategies of seasoned traders.
The exchange will have its own stock index called BTRS 20 comprised of top twenty cryptocurrencies and weighted by the means of mathematical algorithms and libraries, such as SciPy, Pandas and others.
Apart from being included in fiat/crypto and crypto/crypto trading pairs, BTRS could be used to get a 50% on trading commission, similar to Binance Coin. The excessive coins will be bought back from users and effectively burnt out.
Bitrus is to launch the ICO on May 29, having established the price of 1 BTRS at $0.07 with no minimum investment threshold mentioned in the official papers or website. The token sale event will last until October 14 or until reaching the hardcap. Citizens of the United States, North Korea, China, Bolivia, and South Korea will be denied the privilege of participating in this ICO.
|Start||May 29, 2019|
|End||October 14, 2019|
|82 days left|
Bitrus has an exchange demo, a comprehensive set of features, an app, and a token that provides for good benefits, like a 50% discount on trades. What’s more to ask from a fledgling crypto exchange. I am worried about the dominance that Binance and a couple of other exchanges are gradually establishing in the area of crypto trading. Sooner or later, they will start dictating their terms which won’t be favorable to us, traders. So, I am looking for alternatives, and Bitrus seems like a good one to me.
I don’t really care much for Mexican Pesos, but the idea of being able to trade crypto against Canadian Dollar really fascinates me, because I am residing in Toronto. Over the last couple of months, I have been testing my skills on large platforms like Binance and BitMax and came to a conclusion that their interfaces are far from being user-friendly. Let me put it this way, the set of trading tools on most crypto exchanges is either too simplistic or way too complicated. That is why I have started looking for fledgling exchanges with may not have the trading volume, but which are less prone to manipulation. That is when I came across Bitrus. Here I can comfortably trade in pairs like BTC/CAD or ETH/CAD, using a really comprehensible interface. Other people may say whatever about Bitrus, but I certainly approve this project.
Right now, I am only taking my first steps in crypto trading, so the fact that Bitrus has a demo account feature is really great. I have registered with numerous exchanges and couldn’t find a similar option. How was I supposed to learn trading crypto? At least here I will get a chance to acquire some experience and hone my trading skills and tactics before engaging in operations with real crypto and fiat. The option that allows managing several sub-accounts also seems to be useful because it should provide for a better structure of the trading portfolio. Everything was great until I got to the part where Bitrus team informed that they will launch fiat operations only with Canadian Dollars and Mexican Peso. That’s a real bummer because I don’t know how to trade in these currencies.
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