Bittrex

Bittrex

  • United States of America

  • Full trading platform

  • Bittrex.com

  • Since 2018

Bittrex
In Social Media:
Developed Ease of use,  Enough secure,  Anonymously trading

Volume 24H: $21,590,924

Bittrex is one of the largest online cryptocurrency trading platforms. It is incorporated in the United States by security professionals. Bittrex is regarded in the crypto community as one of the most secure platforms out there. The site is well designed and they offer numerous trading options.

It's obvious that the Bittrex project benefits from significant investment. The site has a great UX design, and complex functionality and trading options. The exchange is mainly intended for US citizens as they offer hedging only against the US dollar. The platform is most suitable for those who have had a previous experience with traditional stock market trading platforms.

Language Support

  • English

Country Support

  • Australia
  • Canada
  • European Union
  • Hong Kong
  • Japan
  • Most Africa
  • Most of Asia
  • Most of Eastern European Union
  • Most of Latin America
  • Norway
  • Russian Federation
  • Singapore
  • Switzerland
  • Turkey
  • United Kingdom of Great Britain and Northern Ireland
  • United States of America

Platforms Systems

  • Web Interface

Stock Market Options

Interface
customisation:

  • Allows customization of charts
  • Allows light and dark theme
  • Allows the movement or resizing of boxes
  • Allows customized alerts and notifications

Advanced
Options:

  • Limit Order
  • Market Order
  • Immediate or Cancel IOC
  • Fill or Kill
  • Good till canceled order (GTC)

Discounts For
The Big Traders:

  • No Maker fees

Bittrex security levels are exceptionally high. They offer 2FA and a withdrawal white list option. They use an elastic multi-stage wallet strategy ensuring that 80-90% of funds are kept offline and secure. Also, for withdrawals, users are required to pass an enhanced verification process providing proof of the validity of their identification documents.

Summary:

2 Factor Authentication
Yes
Funds Insured
Funds are not insured
Private Keys Stored On
Exchange platform
Storage Type
They claim to hold user funds in cold storage but are not specific about it.

Advanced Security Features:

  • Email reports of logins
  • Ability to limit access to account based on IP address
  • Monitor bahavior patterns for suspicious activity
  • Ability to define a withdrawal white list
  • Limit amount of daily trades

Security Features:

  • SSL
  • Protection from DDoS attackes

Bittrex was founded by a US-based company formed by cryptocurrency experts, financial experts, and experienced developers that have over 50 years of combined security and development experience. Team members come from companies including Microsoft, Amazon, Qualys, and BlackBerry. One of the key figures is Bill Shihara, Co-Founder and CEO of Bittrex, who previously worked for Amazon.

Summary:

Bittrex is mostly suitable for US-based users that have previous experience with stock market trading. There are extensive features and reasonably high liquidity. Although this platform has high security standards and receives mostly positive user reviews, in the past there have been reports in the crypto community of hacked accounts, identity theft, and loss of funds.

Ease of use
Developed
Transaction Fees
0.1-0.29%
Deposit/Withdrawal Fee
N/A
Deposit/Withdrawal Fee c For Bank Transfer
N/A
Deposit/Withdrawal Fee For Credit Card
N/A
Deposit/Withdrawal Fee Charged For 3rd party Payments
N/A
Anonymous Trading
Yes

Deposit/Withdrawal Options:

Send/Receive Crypto

Functionality:

Bittrex offers extensive support for over 190 cryptocurrencies, conducting compliance audits on all new coin launches. Users can opt in to direct e-mail notifications for events like coin removals, market removals, and logins. Bittrex offers multiple settings concerning data visualization, and provides a complete picture of multiple cryptocurrency trade markets.

Most common
customer complaint:

There have been claims of pump and dump schemes, account hacking, and theft of identity.