Bittrex Review: Established Exchange with Huge Selection of Crypto Assets

For this, Bittrex will allow ID’s, Drivers Licenses, and Passports, but recommends Passports for a quicker process. The process has drawn sharp criticism from the owners of the frozen accounts, who have taken to web forums to air their grievances online. Apparently, this situation has been going on for some time, with only minimal response from the Bittrex team. For a full explanation of those terms, read this article explaining bids, asks, and offers. Basically, bids and asks are the equivalents of buys and sells.

Public sentiment regarding Bittrex’s Customer Service has been poor, with many users claiming that their accounts have been frozen for seemingly no reason at all. Many have claimed long wait times while waiting for their issues to be resolved. It may be reasoned that many of the flagged accounts did not have proper/verified personal information. Regardless, these are issues to take into consideration before deciding to open an account with Bittrex. The process of opening an account on Bittrex is relatively simple and straightforward.

Customer Service

Bittrex works on mobile, in addition to P.C., which is convenient for quick trading. Compared to other exchanges, Bittrex is highly optimized for high-volume trading. Bittrex does not offer CFDs and ETFs, as opposed to other crypto platforms such as eToro. https://www.tokenexus.com/bittrex-review/ Trading fees depend on the trading volume, meaning that only high-volume traders get the best discounts. Bittrex is one of the top crypto exchange platforms with sizeable liquidity. It supports a large variety of coins and more than one thousand markets.

Instant Buy/Sell is a convenient option for users who want to quickly take advantage of market opportunities or make quick trades without having to wait for orders to be filled. This feature allows users to buy or sell a cryptocurrency at the current market price without setting a specific order price, which can be helpful when the market is moving quickly. Bittrex charges a standard trading fee of 0.75% for both makers and takers on all trades. However, the fee may be lower for high-volume traders who have achieved VIP status on the platform. VIP status is awarded based on the user’s trading volume over a 30-day period. With over a decade of experience, the Bittrex team has established itself as a trusted source for cryptocurrency trading.

A Brief History of Bittrex

You will want to make sure that you access the site directly (don’t follow links from other sites). Make sure you have a green padlock in your browser and you are either on bittrex.com or international.bittrex.com. Customer support, while lacking telephone support, is described as relatively responsive through support tickets, email, and an online chat function. The article also mentions the availability of third-party apps that integrate with Bittrex’s API.

• Bittrex offers corporate accounts for high-frequency trading firms, hedge funds, proprietary trading firms, market makers, crypto exchanges, and other institutional clients.
• As far as types of trades offered on the platform, Bittrex currently only offers spot-trading.
• Bittrex was founded in 2014 by engineers Bill Shihara, Richie Lai, and Rami Kawach, and is headquartered in Seattle.
• Bittrex took its first licensing steps in 2015 when it applied for a Bitlicense in New York.
• In this article, we are going to go through all the important details about Bittrex, where we also show you how you can open a Bittrex account and use it with ease.

Apart from this, Bittrex also offers several guides about how to secure your account. Bittrex is a cryptocurrency exchange which provides a variety of trading pairs as well as sophisticated trading options including margin trading. Founded in 2014, it is a full-featured cryptocurrency exchange with a focus on security and trust. For both new and seasoned traders, the platform provides quick transactions, great liquidity, and a user-friendly interface.