Bittrex Cryptocurrency Exchange Review
Bittrex is one of the most popular cryptocurrency exchange in the world, it was launched in 2013 and within a few years, it became one of the most famous crypto exchange in terms of business volume.
Bittrex was created by Created by Bill Shihara a security engineer at Amazon, Bittrex is a US-Based cryptocurrency exchange headquartered in Seattle, Washington. The exchange is best known for its security and trading services and rapid withdrawal and deposits process. There are hundreds of crypto trading pairs available on this exchange and the company recently announced their plans to incorporate fiat pairing i.e. USD/BTC, EUR/BTC, GBP/BTC and with other currencies as well.
In December 2017, Bittrex stopped new user registrations temporarily because of high demand. However, they have ensured that they will continue the process of accepting new users soon. According to the message posted on the official website the exchange is currently only accepting corporate customers and select invitees.
Location: Seattle USA
Main Features: Exchange Trading, Complete and easy REST API, Custom Built Trading Engine
Verification: The verification process for Basic accounts includes Name, Address, and Date of Birth. Basic verified accounts have a daily 3 BTC withdrawal limit.
Enhanced account verification requires ID Card, Passport, and proof of address and Enhanced Verified accounts have a withdrawal limit of up to 100 BTC per day.
Payment Methods: Crypto Only (The exchange will start accepting fiat currencies soon.)
Fees: A 0.25% flat commission is applied to all trades. (Deposit fees vary from coin to coin, A network fee is charged on all withdrawals)
Although all the founders of this exchange are very experienced and have extensive programming knowledge. However, the customer support is not very good a lot of traders in past have complained about account suspension. Bittrex is one of the few crypto exchanges that is compliant with the US Laws and offers a wide variety of trading pairs.
The interface of the exchange is not user-friendly as compared to other cryptocurrency exchanges like Binance, KuCoin, Bitfinex, and others.
If you’re a beginner I would recommend that you should sign up for Binance exchange, KuCoin, Kraken or Poloniex.
Are you a Bittrex Exchange User? Please share your experience with this exchange with our readers in the comment section below!