Bittrex: What You Need To Know

Bittrex: What You Need To Know

Bittrex is an American Cryptocurrency exchange platform based in Seattle, Washington. The firm was founded by Bill Shihara (CEO), and his business partners who are Richie Lai, and Rami Kawach in 2014. The founders are cybersecurity engineers.

Bittrex is a reliable, secure, and advanced trading platform for Digital Assets including Cryptocurrencies, and Tokens. The jurisdiction for the platform is global as Blockchain platforms are borderless and expansive in nature, hence Bittrex is famously known as Bittrex International.

The network is best known for offering a real-time trading solution for Cryptocurrency trading. The platform has been at the forefront of ensuring that individuals trade in Cryptocurrencies on a cutting-edge network that fosters efficiency, timeliness, reliability, and competitiveness.


Bittrex Lists A Wide Variety Of Cryptocurrencies

There is a wide variety of Cryptocurrencies and Tokens that the platform offers to traders. The Digital Assets include: BTC, ETH, LTC, DYN, NEM, BCH, ADA, ZEC, XRP, DGB, SRN, RVN, XVG, TRX, XLM, PMA, MANA, WAVES, POLY, just to mention but a few.

The factor that enables Bittrex to offer so many Digital Assets (more than 200) to its users is because of the fact that there is a simple formality for Crypto developers to submit their requests for listing on Bittrex. If their coins meet a minimum threshold set by the platform, and the protocols ascertain that the Tokens will not defraud investors, the Token can then be listed for Crypto enthusiasts to trade. The most common currencies for buying Crypto are BTC, USDT, and ETH. However, there can be Crypto-Crypto transactions across the spectrum on the wallets.

The total volume of Cryptocurrency trading over 24 hours is currently $ 2391683.930.

Investors’ Experience Is Top Notch

Bittrex supports traders regardless of whether they are individual investors, partners, or institutions. Further, the platform is designed to be friendly to novices and experienced traders with years of experience on market dynamics and predictions. The following attributes are designed to simplify Bittrex experience;

  1. Registration

The registration process for new users is easy. All that a user needs to do is to access and sign up for free. After entering the details, an email with a verification link will be sent to by Bittrex to enable a user to proceed with the advanced KYC procedures such as uploading official verification documents, selfies, DOB, and other information.

  1. Secure Crypto Wallets

It is important to note that the registration process of registration ‘enables’ the Crypto wallet to be active. A user can then proceed to deposit BTC, USDT, or ETH to the account in order to place a purchase order. Bittrex will then proffer indicators on the ‘market’ page to enable investors to select the best performing or most promising Crypto assets for real-time trading.

The execution of transactions in timely, transparent, easy, and versatile. Most importantly, the wallet is secured from unauthorized access by two-way verification process, API usage, offline storage, etc.

  1. Low Fees

Bittrex charges fees of 0.25% on transactions.

  1. Timely Customer Support

There is a standby customer support feature that allows users to present their inquiries.

What You Should Know About Bittrex

The only con about the Crypto exchange is lack of fiat money support. Bittrex does no offer solutions for users who wish to link their internet payment platforms with Bittrex for depositing or withdrawing fiat currencies.

November 19, 2018

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Samantha Mitchell

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