Bleutrade

Established in 2014 in Brazil, Bleutrade has carved out a niche in the crowded cryptocurrency exchange landscape. This exchange has wandered around a bit, moving to Malta in 2018 before settling in Portugal in 2020. I've been following crypto exchanges for years, and Bleutrade's journey reflects how many platforms have shifted jurisdictions in search of favorable regulatory environments.

The Bleutrade Exchange: Features and Offerings

Bleutrade primarily functions as a crypto-to-crypto exchange, supporting over 24 trading pairs with a particular focus on altcoin markets. According to CryptoBrowser, the platform caters to traders interested in more obscure cryptocurrencies that might not be available on mainstream exchanges.

When it comes to fees, Bleutrade employs a relatively straightforward structure. They charge a flat 0.25% for both taker and maker transactions, though these can climb up to 0.5% depending on market conditions. This fee structure is fairly standard across mid-tier exchanges, though it's worth noting that larger platforms often offer volume-based discounts that Bleutrade doesn't seem to match.

For Bitcoin withdrawals, the platform charges 0.001 BTC, which honestly can be quite expensive during periods of high BTC prices. I once paid nearly $40 just to move my Bitcoin off an exchange with similar fees—not exactly pocket change!

Trading Volume and Liquidity Concerns

One of the biggest issues with Bleutrade is its troublingly low trading volume. As of December 2021, data showed the exchange handling only about $216 USD in daily trades. This is… well, let's just say it's not impressive. By comparison, major exchanges process billions in daily volume.

Low liquidity often means wider spreads and difficulty executing larger orders without significant price slippage. If you're looking to trade substantial amounts or need to exit positions quickly, this could be problematic.

The exchange has also seen a notable decline in its user base, with reports indicating only around 24,000 active users as of 2023. For perspective, that's roughly the population of a small town—not exactly the bustling marketplace most traders are looking for.

Regulatory Status and User Accessibility

Interestingly, Bleutrade doesn't explicitly ban US users, though it places the onus on American traders to determine if they can legally use the platform under their local regulations. This hands-off approach to compliance might raise eyebrows for those concerned about regulatory oversight.

The exchange's operating licenses remain something of a mystery, as no regulatory registration information is publicly available. In today's increasingly regulated crypto environment, this lack of transparency is concerning. Most established exchanges proudly display their regulatory credentials—the absence of such information at Bleutrade is noteworthy.

Security Measures and Track Record

On a positive note, Bleutrade has not reported any major security breaches as of 2025, which contrasts favorably with other exchanges like Bybit and BtcTurk that have suffered hacks. The platform reportedly maintains cold wallet storage for most user assets, which is industry best practice for protecting funds.

The exchange does support anonymous trading for basic functions but implements AML/KYC (Anti-Money Laundering/Know Your Customer) policies for certain activities. This balance between privacy and regulatory compliance may appeal to users concerned about both security and anonymity.

Unique Offerings and Platform Features

One distinctive aspect of Bleutrade is its Share program, which pays dividends in BTC, LTC, and DOGE. This unusual feature might attract investors looking for passive income opportunities within the crypto space.

The platform also launched an affiliate program offering a generous 20% commission on referrals' transactions, potentially making it attractive for crypto influencers and community builders.

For traders who prefer leverage, Bleutrade offers margin trading options, though detailed information about leverage limits and liquidation procedures is somewhat scarce. I've personally found that small exchanges often have less forgiving margin requirements than larger platforms, so caution is advised.

User Experience and Interface

Bleutrade provides desktop and mobile applications for trading, allowing users to manage their portfolios on the go. The interface offers both basic and advanced trading views, though reviews suggest the charting tools are somewhat limited compared to industry leaders like Binance or Kraken.

One user review described the registration process as "literally a one minute process," praising its simplicity and efficiency. The exchange also reportedly offers 24/7 customer support with a dedicated help tab, which could be valuable for users encountering issues.

Limitations to Consider

Despite its longevity, Bleutrade has several notable limitations. The platform doesn't support fiat currencies, restricting deposits to cryptocurrencies only. This means users need to already own crypto or use another exchange to convert fiat before transferring to Bleutrade—a bit inconvenient if you're just starting out.

The exchange has faced criticism for listing obscure cryptocurrencies with limited liquidity, potentially exposing traders to higher volatility and exit difficulties. I've seen this pattern before with smaller exchanges—they list dozens of coins, but many have trading volumes so low you could get stuck holding bags of tokens you can't easily sell.

Final Thoughts on Bleutrade

While Bleutrade has demonstrated impressive longevity in the volatile crypto exchange landscape, surviving since 2014, it faces significant challenges in terms of trading volume and market relevance. The exchange operates in over 50 countries including EU nations, UK, and parts of Asia/Africa, but lacks the robust feature set and liquidity of industry leaders.

For traders interested primarily in obscure altcoins or those attracted by the unique dividend program, Bleutrade might offer some appeal. However, the concerning liquidity issues, limited regulatory clarity, and absence of fiat support create meaningful barriers to mainstream adoption.

As with any exchange decision, users should carefully consider their specific trading needs, volume requirements, and risk tolerance before committing significant funds to the platform. In an industry where exchanges can disappear overnight (looking at you, FTX), due diligence is never wasted time.