Bittrex review 2024: Pros, cons, fees & more

bittrex review

The exchange also features SSL encryption for its domain and wallet and IP address whitelisting. Overall, Bittrex could be a good choice for experienced crypto traders. The platform has hundreds of supported assets, with a focus on crypto-to-crypto trading pairs. Users will also appreciate its robust security features and the option to place advanced orders.

bittrex review

Every so often, your IP address lease will renew, and you’ll have a new IP address. This is a great way to keep tabs on where your account has been accessed from and by which device. You can then log out of devices remotely or select to log out of all accounts. Taking your security to the next level is a feature called device manager. The 2 will then be linked and your account will be secured with 2FA. Bittrex has been around since 2014, which makes it one of the oldest exchanges around.

Bittrex Review and Comparison

In short, the more you trade, the less you pay, though you’ll have to trade tens of thousands of dollars worth of crypto per month to qualify. When it comes to trading in Bittrex, it was primarily a crypto-to-crypto exchange, meaning that you could not trade cryptocurrencies in Bittrex with fiat currencies. However, you could use stable coins such as Tether (USDT), which serve the same purpose and have the same value as the USD.

  • In both of these cases, they will give you their bank account information once you have completed the fiat account request form.
  • Overall, Bittrex is an excellent crypto exchange listing popular currencies, including Bitcoin, Ethereum, Litecoin, Cardano, Ripple, etc.
  • Although some users didn’t have a good experience with the exchange, others highly recommend it to any user in the cryptocurrency space.
  • They begin by introducing Bittrex as a US-based exchange known for listing a wide range of coins.
  • They are also far more active on social media, quickly posting updates and relevant news for users.

The transaction fee that they are stating is the miner fee needed for the network. In order to fund your account with Bitcoin for example, you will navigate to the „wallets“ section in the header. You will need to select the green arrow (see below) which is the shortcut to fund your account. Therefore, the first thing that you will want to do when you have created your account is to enable two factor authentication. This will act as an extra gate in case of someone getting hold of your account password. We recommend checking out our picks for the Top Crypto Exchanges if you are looking for a good crypto exchange.

Trading cryptocurrency on Bittrex

With Binance.US, you can also trade more than 50 assets, but you won’t have access to margin or futures trading. Some of the platform’s other features include instant buy/sell orders, multi-stage wallet storage, and automated trading. The company was founded in 2014 by Bill Shihara, Richie Lai, and Rami Kawach. By setting a withdrawal address on a digital currency, Bittrex will only authorize withdrawals to that address.

Bittrex caters to both types of traders, but it doesn’t go hard and fully commit. Before you dive in and create an account at Bittrex, you might want to know the pros and cons. There’s only really Binance that keeps up with Bittrex in terms of markets, but the regulation bittrex review aspect is lacking at Binance. There are only a few exchanges out there with more, and they’re far less regulated. Once there, click on the deposit button next to the asset and you’ll see a QR code. So, bear this in mind when you’re going to buy crypto at Bittrex.

Completed Order and Withdrawals

Orders are categorized either as makers, which create liquidity on the exchange, or takers that reduce liquidity. Since maker orders increase liquidity, they often incur a lower fee than takers. Another key feature that makes Bittrex one of the best exchanges in the market is its speed.

With all of the recent updates, it once again became one of the more attractive trading options in the crypto market. It does not have controversial features like margin trading, but it does let allow you sell your coins for USD or EUR and withdraw them directly into your bank account. So if you’re looking for a fiat-to-crypto exchange with a wide range of altcoins, Bittrex is a trustworthy choice. One element that makes Bittrex stand out is its measures to secure traders’ funds and data. The exchange stores most user funds in cold storage, meaning they are kept offline, thus minimising the chances of hackers accessing them. Additionally, you can secure your account with two-factor authentication.