RESEARCH & ANALYSIS
FOR THE CRYPTO ECONOMY.

bleutrade

bleutrade Exchange Review

Centralized

Bleutrade Exchange was launched back in 2014 and is one of the few cryptocurrency exchanges based out of Brazil. Bleutrade is a crypto only exchange, which aims to make it easier to buy and sell cryptocurrencies. According to a review, it offers more than 50 cryptocurrencies, however, does not provide any support for fiat currencies.
Users can deposit funds into their accounts using ETH or BTC and the funds can then be used for buying and selling other cryptocurrencies. Bleutrade offers a web-based trading platform, using which traders can quickly buy and sell crypto pairs. The exchange charges a fee of around 0.2% to 0.5%, per trade, however, depositing funds into the traders account is free of cost.
According to a review, the exchange does not have a strict KYC policy and allows you to withdraw funds after verifying your email ID. However, by providing additional documents, increase in withdrawal limits and other benefits can be achieved.
The platform also supports two-factor authentication, which you can enable to further protect your system from unauthorized access.
On the plus side, the exchange is perfect for those that demand little control over their trades. The exchange is relatively anonymous and has a useable trading system. On the downside, trades can be expensive to place and the trading system in place lacks significant information, which may be required while placing effective trades.
Moreover, some users have also complained of the slow customer support response, which is also an important part of any trading platform.

  • 24h Trading Volume

    6.365 BTC
  • Establish date

    2017

bleutrade Exchange Review

  • bleutrade Withdraw

    BTC – 0.001 BTC

    BCH – 0.001 BCH

    ETH – 0.01 ETH

    Full list of fees can be found here

  • bleutrade Deposit fees

    Free
  • bleutrade Trading fees

    0.25%

  • Accepted Payment Method

    Crypto to Crypto, Crypto to FIAT
  • Native Token

    Yes
  • Margin Trading

    No

bleutrade Exchange Score Analysis

Bleutrade, Brazilian-turned-Maltese crypto exchange, is an old player in the space, having been founded as far back as 2014. The exchange has recently moved its operations to Malta to relieve itself of regulatory scrutiny and allow for freer and more flexible operation. While Bleutrade definitely has a shiny new website, which definitely attracts traders and incentivizes them to stay, the seriously lack in attracting volume – Many of the coin listed on the exchange are too exotic and small in reach to attract considerable volume, while what we call “”mid-range”” coins (coins which are not the top in market cap but also not at the bottom) do not recieve a good enough representation on the exchange, and so it finds itself in an awkward situation, where it can’t quite attract top-coin volume but also not bottom. Our biggest concern regarding Bleutrade is its team: The people running the exchange have an almost nonexistant online presence, are not active on social media (apart from Rodrigo Henrik, which we are not sure what his responsibilities are) and we have no way of knowing if users’ funds are entrused in the hands of capable individuals. While Bleutrade was never hacked, an impressive feat for a 5-year running crypto exchange, we do fear for safety of user funds, due to the unclear risk management situation at the company.