bleutrade Exchange Review

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.

Bleutrade’s interface is quite practical as it offers all the tools that an average cryptocurrency trader might need on its homepage. The website is designed in a modern and simple fashion and features basic and critical information about the exchange. There are options of “basic exchange” and “advanced exchange” listed on the bar at the top of the homepage, which allows users of all experiences in the industry to be able to utilize Bleutrade.

Though the exchange was originally launched in Brazil, it has now moved its location to Malta. As of September of 2018, Bleutrade's headquarters is located in the capital city of Valetta. Malta is a pretty prestigious country to run an exchange in, as the country is one of the very few countries in Europe that have clear regulations on cryptocurrency exchanges. This makes Bleutrade more European-friendly, as its new location allows it to operate better in the area.

However, other than its current location, there isn’t much information about the exchange available online. The team behind the platform is not mentioned, which points to a lack of transparency on Bleutrade’s part. This could be concerning for certain users who look for maximum transparency.

Due to its slightly low trading and withdrawal fees, as well as its wide selection of cryptocurrencies available, the exchange holds a satisfying trading volume, though it is not necessarily high when compared with other cryptocurrency exchanges.