mexo.io

Overview of TruBit Pro

TruBit Pro, a Latin American crypto exchange (formerly Mexo.io), caters to traders with a feature-rich environment. Users can buy, sell, and trade over 150 cryptocurrencies with deep order book liquidity. Margin trading for perpetual contracts allows for leveraged positions, while Grid Trading Bots automate strategies. Fiat deposits are facilitated through local bank transfers, credit/debit cards, and P2P markets, and a TruBit debit card enables direct crypto spending.

TruBit Pro offers tiered fees for spot trading (0.03%-0.2% taker, 0.02%-0.2% maker) and slightly higher fees for perpetual contracts (0.4%-0.55% taker, 0.2%-0.4% maker). While the feature set is attractive, the absence of regulation necessitates careful consideration before trusting TruBit Pro with your crypto assets.

Pros & Cons

Pros:

• Beginner-Friendly Mobile App: TruBit Pro boasts a user-friendly mobile app with a quick sign-up process and features designed for hassle-free buying, selling, and converting cryptocurrencies. This makes it a good starting point for users new to the crypto world.
• Fiat Deposit Options: TruBit Pro caters to users who are unfamiliar with digital payment methods by offering local bank transfers and credit/debit card purchases for acquiring cryptocurrency.
• Zero Transfer Fees: Free transfers within the platform can be attractive to new users who are cost-conscious when starting with cryptocurrency. This can lower overall fees associated with trading.
• TruBit Debit Card: TruBit offers a debit card that allows you to spend your cryptocurrency holdings directly at merchants accepting Mastercard. This bridges the gap between the crypto and traditional worlds, allowing users to spend their crypto holdings conveniently.

Cons:

• Lack of Regulation: A major drawback of TruBit Pro is the lack of regulatory oversight. This absence of regulation raises security concerns and limits user recourse in case of issues on the platform.

Regulatory Authority

TruBit Pro, as a current entity in the cryptocurrency space, is operating without the direct oversight of any financial regulatory bodies. This means that, while it offers the convenience and technological innovation associated with digital currency transactions, it also operates outside the traditional safety nets that come with regulated financial institutions.

As such, interested users should exercise caution and conduct thorough research about the companys credibility and security measures. While being outside the regulation might provide TruBit Pro with flexibility, it also places a lot of responsibility on the company itself to maintain high standards of security and integrity in managing its customers' assets. So, it is important for users to understand the framework in which TruBit Pro operates before using their services.

Security

TruBit Pro emphasizes security measures to protect your cryptocurrency assets. They employ a layered approach that goes beyond basic login security.

• Multi-factor Authentication (MFA): This includes features like FaceID to verify your identity during login and for critical actions like transfers.
• Data Encryption: Encrypting your data helps safeguard your personal information and protects it from unauthorized access even if someone hacks your phone.

While these points provide a glimpse into TruBit Pro's security practices, it's should not be neglected that details like the strength of encryption or specific security protocols used are not readily available. It's recommended for you to explore further support for a more comprehensive understanding of their security measures.

Cryptocurrencies Available

TruBit Pro caters to a diverse range of users in Latin America by offering a comprehensive crypto ecosystem. This ecosystem focuses on providing a wide selection of cryptocurrencies for users to explore.

With over 150 popular cryptocurrencies available for trading, TruBit offers a vast marketplace. This includes established players like Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Ripple (XRP), alongside many other altcoin options. This variety allows users to invest in a range of crypto projects and diversify their crypto holdings.

Trading Markets

Below is the top 10 trading market of this exchange as of today Jun 16, 2024:

Fees

TruBit Pro employs a tiered fee structure that considers your trading volume and the type of cryptocurrency pair you're trading.

• Spot Trading: Fees depend on your 30-day trading volume (in BTC) and the specific coin pair.
• Large Cap Coin Pairs (BTC, USDT, USDC): Taker fees range from 0.150% (for users with the lowest trading volume) down to 0.030% for high-volume traders. Maker fees are significantly lower, starting at 0.100% and decreasing to 0.020% for the most active traders.

• Small Cap Coin Pairs: These generally incur slightly higher fees than large cap pairs. Taker fees start at 0.200% and go down to 0.050% for high-volume users, while maker fees range from 0.200% to 0.030%.
• Specific Pairs (MMXN, ARS, BRL): These have separate fee structures. MMXN has the highest taker fee (0.55%) and maker fee (0.40%) among the listed options. ARS and BRL trading fees are lower, with taker fees ranging from 0.50% to 0.40% and maker fees from 0.40% to 0.20% respectively.

• Contract Trading: Fees are also tiered based on your 30-day trading volume (in USDT). However, the system is simpler than spot trading. Taker fees start at 0.06% and decrease to 0.02% for the highest volume bracket. Maker fees are even lower, starting at 0.02% and reaching zero for the most active traders.

• P2P Service: 0 fees

Fore more details and most updated info, you can visit https://help.trubit.com/en/articles/6225693-trubit-pro-fee-chart.

Payment Methods

TruBit Pro offers a variety of convenient methods for users to deposit and acquire cryptocurrency:

• Local Bank Transfer: This caters to users who prefer traditional bank transfers for fiat deposits directly into their TruBit Pro account.
• Credit/Debit Card: Users can leverage the ease and speed of credit or debit card purchases to buy cryptocurrencies directly on the platform.
• P2P Market: TruBit Pro facilitates peer-to-peer (P2P) trading, allowing users to buy and sell cryptocurrencies directly with each other. This method offers more flexibility in terms of pricing and payment options agreed upon between individuals.

Services

TruBit Pro goes beyond just buying and selling cryptocurrency. Their platform offers additional features to enhance your crypto experience:

• TruBit Debit Card: This debit card allows you to spend USDT, USDC, BTC, ETH, XRP and MMXN without the need to convertdirectly at any merchant that accepts Mastercard, offering a bridge between the crypto and traditional worlds.

• Integrated Wallet: TruBit Pro provides a built-in crypto wallet for secure storage, sending, and receiving various cryptocurrencies. This eliminates the need for a separate wallet and keeps everything centralized on the platform.
• Earning Potential: TruBit Pro offers “Earn+” program which you can enjoy up to 20% APY for your assets on MMXN, USDT, BTC and ETH.

TruBit Pro Trade App

TruBit simplifies your cryptocurrency experience with their proprietary feature-rich mobile app.

• Buying, Selling & Converting Crypto: The app facilitates hassle-free buying, selling, and converting of various cryptocurrencies.
• Zero Transfer Fees: TruBit boasts zero fees for transferring crypto within the platform, saving users on transaction costs.
• Pay with Crypto: The app allows you to scan QR codes and pay friends or merchants directly with your cryptocurrency holdings.
• Earn Rewards: TruBit Earn+ offers users the potential to earn up to 20% APY (Annual Percentage Yield) on their crypto assets.
• Mobile Accessibility: The TruBit app is available for download on both iOS and Android devices, providing convenient access to your crypto holdings and transactions on the go.

Is TruBit Pro a Good Exchange for You？

TruBit Pro is the best exchange for beginning cryptocurrency users in Latin America due to the following aspects:

• Simplified mobile app: TruBit Pro's app emphasizes ease of use with a quick sign-up process and features designed for hassle-free buying, selling, and converting cryptocurrencies.
• Fiat deposit options: They cater to users who are new to crypto by offering familiar payment methods like local bank transfers and credit/debit card purchases for acquiring cryptocurrency.
• Zero transfer fees: Free transfers within the platform can be attractive to new users who might be cost-conscious when starting with cryptocurrency.
• Latin American focus: TruBit Pro caters specifically to users in Latin America, offering a more localized user experience and supporting local fiat currencies.

Frequently Asked Questions (FAQs)

• What payment methods can I use to buy crypto on TruBit Pro？

TruBit Pro offers local bank transfers, credit/debit card purchases, and peer-to-peer (P2P) markets for acquiring cryptocurrency.

• Does TruBit Pro charge fees for buying and selling crypto？

Yes, TruBit Pro employs a tiered fee structure for spot trading. Fees depend on your 30-day trading volume and the specific crypto pair you're trading. Generally, higher trading volume translates to lower fees.

• Does TruBit Pro offer a mobile app？

Yes, TruBit Pro has a mobile app available for download on both iOS and Android devices.

• Can I use TruBit Pro to pay for things？

TruBit offers a debit card that allows you to spend your cryptocurrency holdings including USDT, USDC, BTC, ETH, XRP and MMXN directly at merchants accepting Mastercard.

• IsTruBit regulated？

No.

Risk Warning

Cryptocurrency exchange investments come with inherent security risks. It is important to be aware of these risks before engaging in such investments. Cryptocurrency exchanges are susceptible to hacking, fraud, and technical glitches, which can result in the loss of funds. It is recommended to choose reputable and regulated exchanges, stay updated on security measures, and be vigilant in detecting and reporting any suspicious activities. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.