Bittrex Review – Bittrex exchange, one of the leading crypto to crypto trading platforms currently experiences 24-hour trading volumes of just under $300M, was launched in 2014 and founded by Mr. Bill Shihara. It is based in Seattle WA. Bittrex has many trading pairs into Bitcoin including all the major cryptos such as darkcoin, nextcoin, and litecoin. They also offer NeuCoin and Ethereum. They also have options for buying and selling Cryptocurrencies. Peoples can easily convert their Bitcoins to Altcoins. It has the most secure system for cryptocurrency exchange.
You can easily register on Bittrex and can start trading. It also offers you the best security by using its two-factor verification, which is a standard security measure in the industry. Bittrex also has basic, Phone and Enhanced verifications too to secure its user’s privacy.
Main Features and Overview:
Bittrex is available globally including in India, although each country has their own security measures for enhanced verification.
Bittrex charges a 0.25% fee from its users
Basic account allows withdrawal of 0.4BTC per day if two factors verification is enabled
Enhanced account allow withdrawal of 100BTC per day if two-factor verification is enabled
For security, Bittrex uses an elastic multi-stage wallet strategy that ensures 80-90% of funds are stored offline and kept safe.
The Bittrex platform uses elastic computing and as a result, it is able to process and execute orders as soon as they are placed.
The system is very fast which allow fast processing of transactions via an automated monitoring platform.
It is compulsory to purchase $10,000 worth of Bitcoins for the enhanced account.
Bittrex has very simple web-based application. It offers multiple capabilities. Its charting package is average but better than other similar competitive platforms, also many technical indicators available but not as much as in other forex trading platforms.
Best security measures
Large pairs of Altcoins available.
Simple interface to use
Bittrex has automated features
Bittrex has 200+ trading pairs available
It has a very low fee
Bittrex has a long verification process
Slower Customer support
It has poor user experience
It only allows crypto to crypto trading.
If wanting to use fiat currency, you can only buy Bitcoin, Ethereum, and USDT if purchasing over $10,000 worth.
Bittrex has Support tickets and community forums to ask questions, also have social media to get in touch with their users. They are slower in their support but sometimes they respond fast. It doesn’t have a mobile app but has an API but users can’t trust this.
Bittrex is one of the largest trading platform having 200+ coins available for trading but it’s only for crypto to crypto trading and it’s not available in other fiat currencies. I will not count the customer service because it’s not worth it as per people’s reviews. Bittrex has good security measures which are also a plus point for peoples to use it. What is unusual about Bittrex is vast numbers of wallets available.
Overall Bittrex is a top-contender for people who are looking to trade more exotic alternative coins.