Cryptocurrency Tools: Bleutrade

You are currently viewing Cryptocurrency Tools: Bleutrade

Bleutrade is a cryptocurrency exchange founded in 2014 that provides a crypto-crypto exchange service. In short, trade accounts with Bleutrade can only be funded witch cryptocurrencies (BTC and ETH) and these can then be used to purchase other cryptocurrencies of interest.

The exchange was founded in Brazil, in an area called Recife – Known as the Silicon Valley of Brazil.

Bleutrade is unregulated, but has built a trustworthy reputation for itself over the years. It has enacted rigorous security protocol in order to protect its clients and its founders have a very good reputation in the finance industry.

The platform is mostly geared toward the web. In terms of trading features, the charting is somewhat rudimentary, offering only candlestick charts.

Funding and withdrawals can only be performed using Bitcoin or Ethereum. Therefore, traders must already have existing Ether or BTC wallets with which to transfer funds to and out of their Bleutrade accounts.

Over the years, Bleutrade has added more and more cryptocurrencies, but is often criticised for its simplicity. In short, the argument is that the platform needs to offer more features to remain competitive in a market which is saturated with exchanges.

Customer support on Bleutrade is average when compared to other exchanges, with the support team only being available via support ticket.

Though considered trustworthy, the platform has also experienced some backlash regarding what could very well be server issues. For example, there has been criticisms around the length of withdrawals, which have been excessive.

Purchases of some altcoins have proved to be troublesome also. Many large purchases are not completed all at once, which can subject users to unfavorable price fluctuations. When altcoins are known to fluctuate dramatically, this could seriously hit users wallets on big orders.

Protecting Your Cryptocurrency And Staying Safe on Bleutrade

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