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Exchange Review
This exchange has been flagged as inactive. There are many reasons for being flagged as inactive. We recommend you read the text below to understand why BitcoinTrade has received the inactive flag.

BitcoinTrade

Exchange Fees

BTC Withdrawal Fee 0.000079 • Taker Fee 0.50% • Maker Fee 0.25%

Deposit Methods

Yes Wire Transfer No Credit Card

Cryptos (3)

Bitcoin, Litecoin, Ethereum

UPDATE 19 September 2024: When trying to access the website of BitcoinTrade 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 BitcoinTrade?

BitcoinTrade’s domicile country is Brazil. It has been active since 2017.

BitcoinTrade does not explicitly prohibit US-investors from trading on its exchange. In any event, all US-investors should still do their own analysis of whether their home state imposes any legal obstacles to them trading at any of the top crypto exchanges that could be the best cryptocurrency exchange site for them.

BitcoinTrade also offers its platform in the form of a mobile application. Most exchanges today do offer mobile support, but not all. Studies show that most cryptocurrency traders do their trading through a desktop, but trading through mobile phone or iPad seems to be becoming more common.

BitcoinTrade Mobile Support

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 trading 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 order book at BitcoinTrade. The price charts is at a separate tab (i.e. not in the same trading view as the order book) and we never managed to get that to work for us.

BitcoinTrade Order Book

Every trade occurs between two parties: the maker, whose order exists on the order book prior to the trade, and the taker, who places the order that matches (or “takes”) the maker’s order. Makers are so named because their orders make the liquidity in a market. Takers are the ones who remove this liquidity by matching makers’ orders with their own.

BitcoinTrade's trading fee for takers is 0.50%. Makers enjoy a discount on the trading fee and they trade for half the trading fee: 0.25%. These fees are above the industry average which has historically been 0.25% but is now creeping towards 0.10%-0.15%. 

BitcoinTrade’s withdrawal fees correspond to the network fees. Just charging the network fee is a fee model that is also lower than the industry average. Such fee model constitutes a competitive advantage against many other exchanges in the industry.

BitcoinTrade offers wire transfer as a deposit method, but not credit cards. This might of course be bad for you if you would prefer to use your credit card for any reason.