BLEUTRADE Review 2018

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    Coins Avaiable
    196
    Accepted Countries
    1
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BLEUTRADEReview

Bleutrade is a cryptocurrency exchange that was established in 2014 to provide a crypto-crypto exchange service to traders and investors. In other words, 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. This brand was founded in Recife; the area known as Brazil’s Silicon Valley.

Contents

Regulation

Cryptocurrency exchanges are by their very nature, unregulated businesses. Therefore, Bleutrade is not regulated. It does, however, have a very good reputation. It has enacted rigorous security protocol in order to protect its clients and its founders have a very good reputation in the finance industry.

Reliability

When it comes to reliability of the company, the following metrics are used to judge this:

  1. The ability of traders to withdraw their holdings when they need to.
  2. Security measures put in place to protect traders’ funds and altcoin holdings.
  3. Transparency of trading process: do prices suddenly change without warning when trades are to be executed?

There is not much information about Bleutrade to work with in terms of these three metrics. However, a few review sites featuring the words of actual traders on Bleutrade seem to point at the following:

  • There seem to be issues with withdrawals in terms of excessive delays.
  • Many purchases of altcoins are not completed at once, thus subjecting some users to unfavorable price fluctuations.
  • Customer support is not as responsive as it should be.

However, the deposit process seems to be seamless. For the reasons stated above, it can be said that Bleutrade is not a very reliable platform and a lot needs to be done by the team to address these issues

Trading Platform

Bleutrade is an online cryptocurrency exchange. Therefore, trading services are offered to clients of the company using a web-based trading platform. The trading platform features rudimentary candlestick charts along with a price bar on the right, which features prices of cryptocurrency assets when paired with Bitcoin, Dogecoin or Ethereum.

The interface also features the OrderBook, Order History and Trade History.

bleutrade 1

Trade Types/Instruments

Traders can buy as prices rise or sell at falling prices. Trades are done on a buy/sell basis because cryptos on Bleutrade are paired. Therefore, a trader is purchasing or selling the base cryptocurrency in relation to the counter cryptocurrency in a pairing. For the full list of altcoins traded on Bleutrade, see the “Commissions and Spreads” section below.  The company gives you markets to trade based on the Dodge, Ethereum, and Bitcoin. It gives you a market to trade these base cryptocurrencies against around 50 other leading cryptocurrencies.

Account Types

Only one type of account is offered on Bleutrade. There is no option for multiple account types.

Commissions and Spreads

At Bleutrade, traders do not incur spreads on trades. Rather, they pay fees various fees. These fees include fees paid for

  1. Trading activity
  2. Withdrawals

Deposits on Bleutrade are free. The table below serves two purposes. It showcases the asset listing on the Bleutrade platform and also the fees that are paid for trading each of these cryptocurrencies.

Currency Deposit Buy Fee Sell Fee Withdraw Deadline
Audiocoin (ADC) FREE 0.25% 0.25% 0.1 ADC 20 Confirmations
Bata (BTA) FREE 0.25% 0.25% 0.1 BTA 200 Confirmations
BitBean (BITB) FREE 0.25% 0.25% 0.1 BITB 20 Confirmations
Bitcoin (BTC) FREE 0.25% 0.25% 0.001 BTC 1 Confirmations
Bitcoin Cash (BCC) FREE 0.25% 0.25% 0.001 BCC 5 Confirmations
BitcoinDark (BTCD) FREE 0.25% 0.25% 0.001 BTCD 20 Confirmations
Bitcoin Gold (BTG) FREE 0.25% 0.25% 0.001 BTG 6 Confirmations
BlackCoin (BLK) FREE 0.25% 0.25% 0.1 BLK 20 Confirmations
Canada eCoin (CDN) FREE 0.25% 0.25% 0.1 CDN 20 Confirmations
CLAMS (CLAM) FREE 0.25% 0.25% 0.01 CLAM 20 Confirmations
Dash (DASH) FREE 0.25% 0.25% 0.001 DASH 20 Confirmations
Decred (DCR) FREE 0.25% 0.25% 0.05 DCR 2 Confirmations
DigitalCoin (DGC) FREE 0.25% 0.25% 0.1 DGC 20 Confirmations
Digital Price (DP) FREE 0.25% 0.25% 0.1 DP 40 Confirmations
Digital Price Classic (DPC) FREE 0.25% 0.25% 0.1 DPC 20 Confirmations
Dogecoin (DOGE) FREE 0.25% 0.25% 10.0 DOGE 2 Confirmations
e-Gulden (EFL) FREE 0.25% 0.25% 0.1 EFL 150 Confirmations
Epacoin (EPC) FREE 0.25% 0.25% 0.0 EPC 4 Confirmations
Ethereum (ETH) FREE 0.25% 0.25% 0.01 ETH 10 Confirmations
Expanse (EXP) FREE 0.25% 0.25% 0.1 EXP 30 Confirmations
FujiCoin (FJC) FREE 0.25% 0.25% 0.1 FJC 20 Confirmations
GlobalBoost-Y (BSTY) FREE 0.25% 0.25% 0.001 BSTY 20 Confirmations
Goldblocks (GB) FREE 0.25% 0.25% 0.1 GB 20 Confirmations
Gulden (NLG) FREE 0.25% 0.25% 0.1 NLG 20 Confirmations
Htmlcoin (HTML) FREE 0.25% 0.25% 1.0 HTML 20 Confirmations
Litecoin (LTC) FREE 0.25% 0.25% 0.001 LTC 2 Confirmations
Monacoin (MONA) FREE 0.25% 0.25% 0.01 MONA 20 Confirmations
Mooncoin (MOON) FREE 0.25% 0.25% 1.0 MOON 40 Confirmations
Namecoin (NMC) FREE 0.25% 0.25% 0.015 NMC 20 Confirmations
Neoscoin (NEOS) FREE 0.25% 0.25% 0.1 NEOS 20 Confirmations
NovaCoin (NVC) FREE 0.25% 0.25% 0.05 NVC 20 Confirmations
OKCash (OK) FREE 0.25% 0.25% 0.1 OK 20 Confirmations
Peercoin (PPC) FREE 0.25% 0.25% 0.1 PPC 3 Confirmations
Potcoin (POT) FREE 0.25% 0.25% 0.1 POT 50 Confirmations
Primecoin (XPM) FREE 0.25% 0.25% 0.001 XPM 3 Confirmations
Qtum (QTUM) FREE 0.25% 0.25% 0.1 QTUM 4 Confirmations
Reddcoin (RDD) FREE 0.25% 0.25% 0.1 RDD 40 Confirmations
SolarCoin (SLR) FREE 0.25% 0.25% 0.1 SLR 20 Confirmations
StartCoin (START) FREE 0.25% 0.25% 0.1 START 20 Confirmations
Sterlingcoin (SLG) FREE 0.25% 0.25% 0.1 SLG 20 Confirmations
Trollcoin 2.0 (TROLL) FREE 0.25% 0.25% 0.1 TROLL 20 Confirmations
Unobtanium (UNO) FREE 0.25% 0.25% 0.01 UNO 20 Confirmations
VeriCoin (VRC) FREE 0.25% 0.25% 0.1 VRC 20 Confirmations
Vertcoin (VTC) FREE 0.25% 0.25% 0.1 VTC 20 Confirmations
Virtacoin Plus (XVP) FREE 0.25% 0.25% 0.1 XVP 200 Confirmations
Worldcoin (WDC) FREE 0.25% 0.25% 0.001 WDC 20 Confirmations
ZetaCoin (ZET) FREE 0.25% 0.25% 0.1 ZET 20 Confirmations

Deposits and Withdrawals Options

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.

Bonus and Promotions

No bonuses or promotions are offered on Bleutrade.

Customer Support

Customer support at Bleutrade is only reachable using a support ticket, which is not very good considering the volume of users.

Pros and Cons

Pros

  • There is a wide choice of altcoins to trade.
  • Cost of trading is relatively cheap
  • Deposits do not attract any fees.
  • You can match various currency pairs together, without having to first convert to Bitcoin or Ethereum.
  • Robots can be constructed using the API function on the website.

Cons

  • Bleutrade is unregulated and does not rank highly among cryptocurrency exchanges (it is outside the top 100).
  • Platform choices are limited to the web-based portal.
  • Very restricted customer support channels.

FAQ

  • Is Bleutrade regulated?

No. Bleutrade is not a regulated cryptocurrency exchange. But then, apart from a few exchanges in the US, no crypto exchanges are regulated.

  • Where is Bleutrade based?

Bleutrade is based in Recife, Brazil.

  • How does Bleutrade make money?

Bleutrade makes its money by charging a fee for buy/sell trades on its exchange platform.

  • How do I deposit in Bleutrade account?

Bleutrade supports deposits using Bitcoin and Ethereum.

  • How do I withdraw money from Bleutrade?

Withdrawals of funds from Bleutrade can be initiated using Bitcoin or Ethereum. Once the withdrawals are performed, the trader can convert these to fiat using exchanges such as Coinbase.

  • How do I open an account with Bleutrade?

To open an account at Bleutrade, simply fill the sign-up form using your Google, Twitter or Facebook details, after which all necessary identification documents must be submitted for verification.

  • Is Bleutrade reliable?

Bleutrade is a reliable broker but still needs to do a lot of work to make its platform richer and more user-friendly.

  • Does Bleutrade use MetaTrader?

No. Bleutrade does not use the MT4. It only offers a web-based platform.

  • Is Bleutrade a scam?

No, there have been no scam reports on Bleutrade at the moment.

  • How safe is Bleutrade?

Bleutrade has not experienced any hack attacks, but traders are advised to deploy special security features to protect their accounts.

Conclusion

While Bleutrade has done some considerable work in coming up with a cryptocurrency exchange, there is a need for the company to implement more features to enable it to compete with the exchanges that are in the list of top 100 exchanges in the world.

BLEUTRADEUser Reviews

Rate this exchange

BLEUTRADEFeatures

Coins Available
  • Bitcoin
  • Ethereum
  • Litecoin
  • Dogecoin
  • Dash
  • monacoin
  • Qtum
  • Bitcoin Cash
  • Bitcoin Gold
Accepted Countries
  • Australia
  • Cameroon
  • Chad
  • Canada
  • Denmark
  • France
  • Greece
  • Haiti
  • Iceland
  • Libya
  • Mexico
  • Nepal
  • Belize
  • Romania
  • Cape Verde
  • Senegal
  • Sri Lanka
  • United Kingdom
  • Eritrea
  • Gambia
  • Indonesia
  • Lebanon
  • Angola
  • Malta
  • Bahamas
  • Benin
  • Chile
  • Ghana
  • Gibraltar
  • Grenada
  • Serbia
  • Guinea-Bissau
  • Tonga
  • Kenya
  • Finland
  • Namibia
  • Oman
  • Jamaica
  • Palau
  • Solomon Islands
  • Kyrgyzstan
  • Tunisia
  • Montenegro
  • Peru
  • Sweden
  • Trinidad and Tobago
  • Yemen
  • Bahrain
  • Belarus
  • Bulgaria
  • Colombia
  • Cuba
  • Cyprus
  • Algeria
  • Burkina Faso
  • Cambodia
  • Kuwait
  • Russian Federation
  • Saint Lucia
  • Tanzania
  • South Sudan
  • Turkey
  • Virgin Islands, British
  • Japan
  • South Korea
  • Netherlands
  • Maldives
  • Malawi
  • Botswana
  • Qatar
  • Saint Kitts and Nevis
  • Saint Vincent and the Grenadines
  • Slovenia
  • Sudan
  • Taiwan
  • Tuvalu
  • Vatican City
  • Uruguay
  • Malaysia
  • Moldova
  • Nauru
  • Papua New Guinea
  • Zambia
  • Andorra
  • Bolivia
  • Afghanistan
  • Congo
  • Cote d'Ivoire
  • Laos
  • Dominican Republic
  • Mauritania
  • Egypt
  • Gabon
  • Morocco
  • Uganda
  • Nigeria
  • Swaziland
  • Vietnam
  • Austria
  • Barbados
  • Bosnia and Herzegovina
  • Djibouti
  • Equatorial Guinea
  • Comoros
  • Estonia
  • Fiji
  • Ethiopia
  • Mali
  • Hong Kong
  • Ireland
  • Italy
  • Philippines
  • Macedonia
  • Poland
  • Madagascar
  • Sierra Leone
  • Vanuatu
  • Panama
  • Portugal
  • Samoa
  • Saudi Arabia
  • Timor-Leste
  • Albania
  • Burundi
  • Guinea
  • Iran
  • Armenia
  • Bangladesh
  • Belgium
  • Kiribati
  • Lithuania
  • Bhutan
  • Mongolia
  • Cayman Islands
  • Myanmar
  • Niger
  • Rwanda
  • Sao Tome and Principe
  • Slovakia
  • Czech Republic
  • Thailand
  • United Arab Emirates
  • Ecuador
  • Germany
  • India
  • Liberia
  • Liechtenstein
  • Luxembourg
  • Marshall Islands
  • Monaco
  • Mozambique
  • New Zealand
  • Pakistan
  • Togo
  • Uzbekistan
  • Venezuela
  • Zimbabwe
  • Antigua and Barbuda
  • Croatia
  • Argentina
  • Guyana
  • Kazakhstan
  • Lesotho
  • Central African Republic
  • Norway
  • Paraguay
  • San Marino
  • Spain
  • Suriname
  • Switzerland
  • Tajikistan
  • Guatemala
  • Honduras
  • Iraq
  • Mauritius
  • Nicaragua
  • Singapore
  • Somalia
  • Azerbaijan
  • Brazil
  • Brunei
  • China
  • Costa Rica
  • El Salvador
  • Georgia
  • Hungary
  • Israel
  • Jordan
  • Latvia
  • Micronesia
  • Seychelles
  • Turkmenistan
  • South Africa
  • Ukraine
  • Isle of Man
  • Kosovo
US Accepted
Yes

Payment Method

Deposit Options
cryptocurrency
Withdrawal Options
cryptocurrency
Company Information
Exchange DetailsInfo
Headquarters CountryBrazil
Foundation Year2014
Typeexchange
Trading AllowedYes
Contact Information

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