Bittrex - Cryptocurrency Exchanger Review review

Bittrex is an American trading platform.

Originally, the platform Bittrex was created as a regular exchanger, but with the increasing popularity of the site, its developers decided to expand the functionality to a full-fledged cryptocurrency exchange. 

Nowadays Bittrex has a very wide range of trading, financial and analytical tools; there are more than 270 currency pairs and more than 190 different altcoins. It is the leading platform based on blockchain not only in the United States of America. The exchange provides fast trading, reliable digital storage and high security methods. 

The cryptocurrency exchange has a numerous advantages.

Bittrex uses the most effective security technologies.  The exchange provides two-factor authentication for all clients and provides many additional security functions to provide multi-level protection. 

A highly efficient monitoring platform allows clients to conduct instant transactions and see updated information about the balance of the wallet or trade orders. 

Bittrex seeks to comply with all applicable US rules that help to find and prevent illegal actions of users or developers of cryptocurrencies while using the exchange. 

All registered clients receive a personal account, but access to certain functions of the service will be limited without an additional verification procedure. 

Also, It should be pointed out several disadvantages:

  • all transactions on the platform have a commission of 0.25%;
  • In addition, there is no possibility of working with fiat money and the option of margin trading;
  • Commission fees for withdrawal of funds are present, their amount depends on the type of currency;
  • There is no referral program on the cryptocurrency exchange. 

There are three levels of verification, each of which has its own limit values for withdrawal. To get basic level you should provide passport data. Phone level provided for those users who are unable to provide a package of documents for Basic Verification. In this case, every user should specify his/her phone number via SMS code. 

Enhanced is the highest level. To obtain it, the user should provide scans of identity documents. The Bittrex Exchange is a very convenient, fast and reliable service for trading. 

Users leave a lot of positive feedback about the exchange.

They note the good work of the platform, a lot of convenient tools and multicurrency support for trade.

The daily trading volume of Bittrex is approximately close to $56 millions of dollars. At the time of writing there are 289 crypto assets listed on Bittrex.

Advantages:

  • Wide range of trading;
  • 2FA support;
  • A lot of positive feedback.

Disadvantages:

  • All transactions have a commission of 0.25%;
  • No possibility of working with fiat;
  • No margin trading.
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