Bittrex generally has a great team behind it, led by their CEO Bill Shihara. Bill has extensive knowledge in cybersecurity, having worked on a position of security engineer at Amazon.
There is a great listing at Bittrex, with more than 250 altcoins available, which makes the platform the best when it comes to the number of coins. They focus on trading pairs and there are currently more than 450 pairs with Bitcoin.
They do not have fiat currencies per se, but if you want to buy Bitcoin, Ethereum, or USDT, you can do that via bank wire transfer. The minimum amount to be bought this way is $10,000 and it also requires an “enhanced verified” account.
One of the most important aspects of Bittrex is their safety and security. The team at Bittrex makes sure that the platform follows the latest trends in security technologies. They store most of the funds offline into wallets and safes and even utilize a 2FA for all transactions.
What are the Users Saying about Bittrex?
Although some of the things they provide are the best in the industry, users have started to be a bit suspicious due to the recent unexplained mass account freezing. This and customer support are often the two main reasons why Bittrex may cause negative reviews on the Internet. Other than that, people generally love it.
When it comes to the volume of trade, Bittrex is the 3rd largest cryptocurrency exchange platform in the world. Founded in 2014, the Seattle company has high hopes and focuses on delivering the most reliable and fastest cryptocurrency trading methods.
To sum up, the Bittrex platform is one of the best with certain recent downfalls which made it a bit less trustworthy. Nevertheless, they still manage to have a significant amount of users who successfully trade thousands of dollars worth of cryptocurrency on a daily basis.
There are two types of account and each has a different level of verification.
- The basic type requires your full name, address, and date of birth. This is processed through the system and your account will be created.
- The enhanced type of account requires you to submit some kind of ID scan as well as the selfie of you holding the particular ID.
This also means that your account must be verified regardless of your choice of account type. They are a part of Anti-Money Laundering and Know Your Customer programs which require verification.
Currently, there are only limits to funds withdrawal. Users who have the basic verified account can withdraw up to 3BTC/day and users who use the enhanced verified account can withdraw up to 100BTC/day.
There is a fixed fee for all transactions on Bittrex – 0.25%. This is generally a great idea and it makes it a lot easier for the user to calculate their transactions.
How Do I Withdraw My Money from Bittrex?
Since there is no possible way to withdraw fiat currencies, you can only withdraw crypto assets through the address of your wallet. In order to withdraw, you need to go to the „wallet“ section in the upper right part of the site.
Next, use the search option to search the withdraw wallet and select the name of the coin afterward.
Once you reach the withdraw screen, enter the address created for the particular coin and select the quantity. Enter the 6-digit code to confirm if you enabled a 2FA authentication.
FIAT Deposit fee
CRYPTO Deposit fee
Fiat Withdrawal fee
Crypto withdrawal fee
All trades 0.25%
The platforms provide APIs on their API page on the website. They are restricted to 500 open orders and 200.000 orders per day. Users can also ask questions about API through their support center.
other withdrawal possiblity
CRYPTO CURRENCYrate (Live via API)
FIAT Withdrawal limit
Crypto withdrawal limits
Verification needed for crypto trade
Verification needed for fiat trading
Turnaround amount 24h
BTC; ETH; LTC; WAX; ETC; BCC ADA; XRP; ZRX; NBT; ZCL; NXT LSK; WAVES; NEO; XVG; XLM; OMG DOGE; VTC; SC; XMR; XEM; ZEC BTG; STRAT; NXS; THC; QTUM; DASH DGB; SRN; IGNIS; SALT; SYS; POWR MONA; KMD; STEEM; RDD; STORJ; ARK; ZEN; MANA; BAT; GNT; PIVX BURST; SNT; DCR; REP; UKG; VOX ION; ARDR; GBYTE; GRS; RCN; CVC EDG; ENG; PAY; LBC; VIA; ADT; XDN SBD; XCP; BITB; RLC; EMC2; DYN ADX; FCT; XEL; GUP; WINGS; PART DNT; BAY; MCO; QRL; XZC; VIB ANT; EXP; GAME; BLK; CRW; AMP DCT; EMC; TIX; HMQ; 1ST; MAID CANN; OK; MER; EBST; IOP; POT SWT; SYNX; SHIFT; BLOCK; EXCL UBQ; AGRS; XVC; RADS; PTOY NAV; FTC; MEME; BNT; SLR; VRC XMY; ERC; CFI; MUSIC; GNO NLG; MLN; CLUB; COVAL; GLD; LMC; GEO; START; IOC; LUN PPC; TRST; AEON; GOLOS NMR; CLOAK; TX; BCY; AUR SIB; SPHR; BSD; KORE; MUE ABY; UNB; DMD; DOPE; LGD; SLS; XWC; CPC; SPR; NEOS; FLO FLDC; GCR; BRX; SEQ; ENRG PINK; CRB; OMNI; NXC; XST; DTB QWARK; TKS; SWIFT; SNRG PDC; GAM; CLAM; INCNT 2GIVE; BLITZ; EGC; VRM; BRK; XMG; PKB; PTC; GRC; GBG TRUST; BYC; VTR; EFL; INFX FAIR; CURE; RBY
4500 DOGE at 2 btc each
Basic Personal information Enhanced scans identification and selfies
- A great number of coins offered
- Safe and secure
- Great constant transaction fee
- One of the leading in crypto-to-crypto exchanges
- Mysterious account freezing
- Customer support is not their greatest quality