⚠️ Affiliate Disclosure: CoinCodeCap may earn a commission if you sign up through links on this page. Risk Disclaimer: Crypto trading involves significant risk of loss. Never invest more than you can afford to lose.
📋 How We Review: Scores: fees (30%), security (25%), coins (20%), UX (15%), support (10%). Fee data verified from official Bitrue schedules. We don’t take payment to change verdicts.
Bitrue carved out a niche as the go-to exchange for XRP traders — one of the first platforms to build deep XRP liquidity and offer XRP-denominated trading pairs. But the exchange has been hacked twice (2019 and 2023), doesn’t publish Proof of Reserves, and faces mixed user reviews on withdrawals. Here’s whether it’s worth using in 2026.
⚡ TL;DR — Bitrue
Costa Rica-based exchange founded July 2018. Best known for Power Piggy daily-interest staking and deep XRP ecosystem. Two past hacks — both covered fully by the exchange.
- ⭐ Rating: 3.6/5 — best XRP ecosystem of any mid-tier exchange; two past hacks and no PoR
- 💰 Spot fee: 0.098% flat (most pairs) · 0.196% on XRP pairs · 20% BTR discount
- 📈 Futures fee: 0.02% maker / 0.06% taker · up to 125x leverage
- 🏆 Power Piggy: Daily XRP/crypto interest, flexible withdrawal, up to 55% APY on select assets
- 🚨 Security: June 2019 hack ($4.2M) · April 2023 hack ($23M) — both covered · no PoR published
- 🪙 Coins: 700+ · 1,000+ trading pairs
- 🚫 Not available: US (most products restricted April 2023)
Table of Contents
Bitrue Score Card
| Criteria | Weight | Score | Notes |
|---|---|---|---|
| Fees & Trading Costs | 30% | 3.8/5 | 0.098% spot flat; XRP pairs cost 0.196% — counterintuitive |
| Security & Track Record | 25% | 3.0/5 | Two hacks (2019, 2023) — both covered · no PoR · CertiK 83.43% |
| Coins & Markets | 20% | 4.0/5 | 700+ coins · XRP ecosystem depth · leveraged ETFs |
| User Experience | 15% | 3.8/5 | Clean interface · Power Piggy unique · TradingView charts |
| Customer Support | 10% | 3.2/5 | 24/7 · mixed reviews on withdrawal speed · Trustpilot 1.7/5 |
| Overall: 3.6/5 — Best XRP ecosystem of any mid-tier exchange; two past hacks and no PoR are key concerns | |||
🚨 Security History: June 2019 ($4.2M): Vulnerability in trading system let hacker steal XRP and ADA from ~90 accounts. All reimbursed. April 2023 ($23M): Hot wallet exploit drained ETH, QNT, GALA, SHIB, HOT, MATIC. Less than 5% of total funds in hot wallets — cold storage unaffected. All users compensated. No major hack since April 2023. No Proof of Reserves published.
What Is Bitrue?
Bitrue launched in July 2018, originally headquartered in Singapore, now based in Costa Rica. Founder Curis Wang built Bitrue with a management team from Capital One — bringing traditional finance experience to crypto. The platform serves over 4 million users globally. Core identity: XRP-focused, with deeper XRP infrastructure than most exchanges — XRP as a base currency, XRP staking, XRP lending, and XRP-denominated pairs built into the core product.
Bitrue Features
Power Piggy: Daily XRP/crypto staking rewards with flexible withdrawal — no lock-up required. Up to 55% APY on select assets. Daily payouts make it one of the most user-friendly earn products available. Spot trading: 700+ coins, flat 0.098% fee model, XRP/USDT/BTC/ETH base currencies. Futures: Up to 125x leverage, USDT-margined perpetuals, delivery futures. Leveraged ETFs: 3x long/short tokens — leveraged exposure without funding rates. Copy trading: 80/20 profit share in your favor. Crypto loans, Launchpool, Auto Invest: Full passive income product suite.
💡 Expert Tip: Bitrue’s Power Piggy is its biggest differentiator. If you hold XRP or other supported assets long-term, you can compound daily rewards rather than letting them sit idle. Daily payout with flexible exit is genuinely rare in this product category — most earn products require lock-ups to get competitive yields.
Bitrue Fees
| Fee Type | Rate | Notes |
|---|---|---|
| Spot — BTC, ETH, USDT pairs | 0.098% | Flat fee model — below industry average |
| Spot — XRP/BTC, XRP/USDT, XRP/ETH | 0.196% | Higher than standard — ironic for XRP exchange |
| BTR token discount | 20% off | Reduces most spot fees to ~0.078% |
| Futures Maker | 0.02% | Competitive at mid-tier level |
| Futures Taker | 0.06% | Same as BingX; below Bybit (0.055%) |
Who Should Use Bitrue?
Bitrue is a good fit if you:
- Hold XRP and want deep XRP ecosystem features — daily staking rewards, lending, XRP-denominated pairs
- Want Power Piggy’s daily rewards with flexible exit (no lock-up for flexible option)
- Trade 700+ altcoins at competitive 0.098% flat spot fees
- Want leveraged ETF exposure without perpetual futures funding rates
This exchange probably isn’t right if you:
- Need Proof of Reserves verification — Bitrue doesn’t publish it, unlike KuCoin or Bybit
- Are a US resident — most advanced products restricted since April 2023
- Trade primarily XRP — the 0.196% XRP pair fees are higher than Kraken or Bitstamp
- Need fast, consistent withdrawals — user reviews are mixed here
Pros and Cons
| ✅ Pros | ❌ Cons |
|---|---|
| Best XRP ecosystem support of any mid-tier exchange | Two hacks: $4.2M (2019) and $23M (2023) — both covered |
| Power Piggy: daily XRP rewards, flexible exit, up to 55% APY | No Proof of Reserves published |
| Low spot fees: 0.098% flat (most pairs) | XRP pairs paradoxically expensive (0.196%) |
| Competitive futures fees (0.02%/0.06%) | Mixed user reviews on withdrawal processing speed |
| Leveraged ETFs + copy trading (80/20 profit share) | US users restricted from most products (April 2023) |
| BTR token gives 20% fee discount | No ISO 27001; Trustpilot 1.7/5 |
Bitrue vs Alternatives
| Feature | Bitrue | KuCoin | Bybit |
|---|---|---|---|
| Spot Fees | 0.098% flat | 0.10% | 0.10% |
| XRP Ecosystem | ✅ Deep | Moderate | Standard |
| Daily Earn Product | ✅ Power Piggy | KCS dividend | Earn products |
| Proof of Reserves | ❌ Not published | ✅ Published | ✅ Published |
| Major hacks | $4.2M + $23M (both covered) | $281M (2020) | $1.5B (2025) |
| Review | This article | Click here | Click here |
FAQs
Was Bitrue hacked?
Yes — twice. In June 2019, $4.2M in XRP and ADA was stolen. In April 2023, $23M in ETH and other tokens was drained from a hot wallet. Bitrue covered all user losses both times and cold storage was unaffected in 2023. No major hack since April 2023.
What is Bitrue’s Power Piggy?
Power Piggy is Bitrue’s flexible staking product that distributes daily rewards in XRP and other supported assets. No minimum lock-up required for flexible options. Annual yields vary by asset, with some coins offering up to 55% APY. Daily payouts with flexible withdrawal make it one of the more user-friendly earn products in the industry.
What are Bitrue’s trading fees?
Spot fees are 0.098% flat for most pairs — below the industry average. XRP-specific pairs cost 0.196%–0.28% (counterintuitive for an XRP-focused exchange). Futures fees are 0.02% maker and 0.06% taker. Holding BTR tokens provides a 20% discount on spot fees.
Bottom Line: Bitrue is a solid choice for XRP ecosystem traders who want daily staking rewards via Power Piggy, leveraged ETFs, and crypto loans — all with competitive 0.098% spot fees. The platform covered losses in both its hacks, which matters. But the absence of Proof of Reserves, above-average XRP pair fees, and mixed withdrawal reviews are real concerns. Use Bitrue for its unique XRP-focused earn products, but keep only active trading funds on the platform — always enable IP whitelisting and PIN protection.
📋 Related Reviews: KuCoin Review | Bybit Review | Gate.io Review
📊 Comparisons: Bitrue vs Binance | Bitrue vs KuCoin
⬆️ Full Guide: Best Crypto Exchanges
