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Bittrex Cryptocurrency Exchange Review

7.6

CURRENCY VERITY

8.0/10

REPUTATION

7.5/10

CUSTOMER FEEDBACK

7.0/10

CUSTOMER SUPPORT

8.5/10

DESIGN

7.0/10

Pros

  • Social Support
  • 24/7 Support

Cons

  • Not for Complete Beginners

Bittrex employs the most reliable, effective security technologies available. They leverage an elastic, multi-stage wallet strategy to ensure that the majority of funds are kept in cold storage for additional safety. Also, Bittrex enables two-factor authentication for all users and provides a host of additional security features to provide multiple layers of protection. At Bittrex, security will always be a top priority in every decision we make.

What Is Bittrex Cryptocurrency

Founded in 2014 by three cybersecurity engineers, Bittrex Cryptocurrency is the premier U.S.-based blockchain platform, providing lightning-fast trade execution, dependable digital wallets and industry-leading security practices. The mission is to help advance the blockchain industry by fostering innovation, incubating new and emerging technology, and driving transformative change.

ExchangeDetails
Exchange NameBittrex Cryptocurrency
Exchange TypeCryptocurrency
Coins227
 Trading Pairs317
 Websitehttps://bittrex.com/
Support24/7
 Social SupportTwitter
 Alexa Rank7160
 Top CountryIndia

How To Sign Up & Start Trading

You Sign Up For A User Account By Providing Basic Information.

On Every Exchange You Will Get Option For Sign Up Or Create Account . Just Fill Some Basic Details Like Name , Email , Password , Security Question Etc For Registration . It Is First Step To Start Trading On Any Exchange

You Then Receive An E-mail In Your Mailbox To Activate Your Account.

Before You Can Login, You Must Active Your Account With The Code Sent To Your Email Address.Then You Will See A Message That Your Financial Account Is Activated And Ready To Go. This Means That You Can Log In And Start Trading In Cryptocurrency.

Identity Verification

For Successful Verification You Will Need Identity Documents. For Example, You Can Use A Driver’s License Or Passport, Where The Name Is Duplicated In Latin Letters.Confirmation Of Identity On Exchange Is An Optional Step. The Procedure Must Be Completed Only If You Want To Remove The Restrictions Of Btc On Deposit Or Withdrawal Of Funds Per Day.

Bittrex Cryptocurrency Hosting Details

  • Datacenter: Cloudflare, Inc.
  • Server IP: 104.16.53.111
  • Location: United States of America
  • City: Ashburn
  • Domain Who Is: Click Here

Enable 2-Factor Authentication (2FA)

When you log certain the primary time, a pop-up will show up and ask you to enable the 2FA, which can help in increasing your account security. If you’re new 2FA, you’ll got to download the Google Authenticator  app then scan the QR (or enter the key key) so as to urge a 1-minute changing code.

After completing these three steps, you’re through with fixing your account.

Trading Fees

Bittrex users benefit from a fee schedule that improves as users trade more. The more you trade, the more you save. The fee schedule below provides the applicable rate based on the account’s 30-Day Volume and if the order is a maker or taker. BG_fee_table_post-promo.png

Trading fees are incurred when an order is filled by the Bittrex matching engine. When an order executes the buyer and the seller are each charged a fee based on the total price of the executed order. The fee (commission) charged by Bittrex on each executed trade is calculated by taking the (amount * purchase price * rate) for the given trade. There are no fees for placing an order which does not execute. Any portion of an order that has not executed will be refunded fully upon the cancellation of the order.

Fees vary by the currency pair being traded, your 30-day trading volume, and whether the order filled is a maker or taker. Bittrex reserves the right to change the commission rates at any time, including providing other discounts and temporary incentive programs.

30-Day Volume

Your trading volume impacts the price you pay for each trade. Our fees are built to reward users who drive liquidity to Bittrex markets to ensure a healthy ecosystem. Your trading fees are reduced according to the USD value of your total volume traded by your account over the previous 30 days.

Bittrex calculates the 30-Day Volume on a daily basis, updating each account’s volume calculation and trading fee schedule between the hours of 00:30 UTC and 01:30 UTC each day.

Maker-Taker Fees

All executed trades in our matching engine are between an existing order that is on the order book and a newly placed order. The order that is already on the order book is the ‘maker’ order. The newly placed order is the ‘taker’. The fees charged to the buyer and a seller in a transaction are based on which order is the maker and which order is the taker.

If a newly entered order doesn’t immediately match with any orders already in the system or is not completely filled by existing orders on the order book, the remainder of the order goes onto the order book and becomes a potential maker order for a future trade.

Example: In a USD-BTC market, assume there is a sell order for 0.75 BTC on the order book (the maker order). If a trader places a buy order for 1.0 BTC that matches the 0.75 BTC order’s price, there will be one trade for 0.75 BTC where the newly entered order is the taker. If the remaining 0.25 BTC from the new order does not match with another order already on the book, it will be placed on the buy side of the order book and will potentially be the maker order of another future trade.

Maker Orders

Maker orders create (make) liquidity on a market by being entered onto the order book. In other words, maker orders are not filled when they are placed but instead wait until a future order is placed that matches them. A maker order can be on either the sell side or a buy side of the order. When an existing order on the order book is matched with a newly placed order (the taker), the maker order in the transaction is charged the maker fee.

Taker Orders

Taker orders reduce (take away) liquidity on a market. Orders which execute immediately and take volume off the order book are takers. A taker order can be on either the sell side or buy side of the order. When a new order is placed and it matches against another order already on the order book (the maker), the taker in the transaction is charged the taker fee.

Transaction Fees

Blockchain

Moving funds on the blockchain to and from Bittrex incurs a cost for users related to the specific coin’s network fees.

Deposits – There are no fees charged by Bittrex for deposits. Please be aware that some tokens or coins require us to move your funds to another address before we credit them. This means the coin or token’s network will charge you the normal transaction fee for this send and is not something Bittrex can avoid.

Withdraws – Each token or coin has a network transfer fee that is built into it, and we charge a small amount to cover this fee. You can view the fee for each coin or token by  clicking the withdraw button next to the coin to bring up the withdraw window which shows the network fee.

Fiat

Bittrex does not charge fees for USD deposits and withdrawals. You will want to check with your bank as they may charge a fee to send your wire transfer as well as receive a wire transfer at your bank. Also, if your bank uses an intermediary bank, you will want to check with them to see if they charge a fee.

Referral Program 

For purposes of the Bittrex Referral Program, the Referrer Percentage is set at 10%. Bittrex reserves the right to change the Referrer Percentage at any time in its sole discretion as set forth in the Bittrex Referral Terms.

Start trading on mobile.

The complete Bittrex Cryptocurrency trading platform now on your smartphone, tablet or mobile device. Buy sell, and trade crypto on the go.

Every revolution needs a leader.

Bittrex premier trading platform is designed for those who grasp the power of blockchain’s promise and want to be a part of the movement. With lightning-fast trades, dependable digital wallets, and industry-leading security, we’ve created an exchange to lead this revolutionary technology.

Security

First, when choosing an exchange, trust matters. Bittrex Cryptocurrency platform was built from the ground up with multiple layers of protection, deploying the most effective and reliable technologies to keep funds and transactions secure.

Transformation That Goes Beyond Trading

They believe in the potential of blockchain to provide groundbreaking solutions across industries and beyond crypto.

Fast, Robust Technology

Bittrex Cryptocurrency secure trading engine was custom-built for scale and speed to facilitate real-time order execution under heavy demand. We support third-party trading platforms and algorithmic trading via our extensive APIs.

What Makes Bittrex Different

Secure platform 

Bittrex employs the most reliable, effective security technologies available. We leverage an elastic, multi-stage wallet strategy to ensure that the majority of funds are kept in cold storage for additional safety. Also, Bittrex enables two-factor authentication for all users and provides a host of additional security features to provide multiple layers of protection. At Bittrex, security will always be a top priority in every decision we make.

Custom-built trading engine –

Bittrex Cryptocurrency custom trading engine was designed to be scalable and to ensure that orders are executed in real-time. We also support third-party trading platforms and algorithmic trading via our extensive APIs.

Fast deposits and withdrawals –

The highly efficient and automated monitoring platform allows us to provide users the fastest transactions available today. This includes updates on balance, trade, and wallet information.

Driving Innovation –

To help drive innovation in the blockchain industry, Bittrex Cryptocurrency is committed to supporting both new and established blockchains. Bittrex seeks to provide its users with an ever-growing selection of blockchain technologies and digital tokens, and all new digital tokens listed on the trading platform must complete a rigorous review process.

Commitment to compliance –

Bittrex is committed to complying with all current U.S. regulations that help prevent, detect and remediate unlawful behavior by customers and virtual currency developers when using the Bittrex trading platform or any of the company’s other services.


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