Bittrex is cryptocurrency exchange platform, which has been registered in Las Vegas, Nevada in 2014. Its founders are:
- Bill Shihara;
- Richie Lai;
- Rami Kawach;
- Ryan Hentz.
They call themselves “security’s paranoiacs” and it absolutely justifies their platform. Bittrex exchange might be one of the most reliable exchanges; it has two-factor authorization and assets’ cold storage of most users to protect against possible system failures (storage of information on a server that is disconnected from the network).
Is Bittrex safe? Probably yes, but it can be extremely inconvenient for people who want to remain anonymous while trading cryptocurrency. To get full Bittrex verification, you must specify your name, date of birth, address and ID number. It isn’t necessary, but if you want to trade more than 2000$ you’ll need it.
How to use Bittrex
The official site Bittrex.com is available only in the English language, but registration is very simple. Let’s see how to use Bitrex.
To register on Bittrex you need your email address and a complicated password, confirm the password, put a tick that you agree with the Terms of Service, and register. Then you’ll get a letter with a confirmation link, click it and just sign in. But now it isn’t available, because of “enormous number of new registration over the past few weeks”. So it might be Bittrex scam, but its team apologizes for the inconvenience and promises to make a few upgrades. However, Bittrex login is still working.
Top of the site presents top coins, which for some period of time surpassed others. It may be some kind of sponsorship coin or a coin that has given good growth for the last 24 hours or large volumes of trade.
Just below we see all the available currency pairs that Bittrex reviews and which are available on the site, and there are already 295 of them.
The next point is how to buy on Bittrex. To add funds into your account, go to the wallet tab, where all the crypto-currencies are opened, to the left of which there are plus signs, which allows replenishing the wallet, and a minus to withdraw funds. How to buy bitcoin on Bittrex? Just the same as any other currency.
When you click on a plus, a new window opens, where with the ADDR button you generate your address, which is your purse, which you will use to replenish from any other purse. The classic option is buying bitcoin and then just buying any other currency using bitcoin.
At the top of the site by clicking on the market we can find the currency we are interested in.
There are you can see a comfortable schedule with a good interface and some user settings. On the right, we can see the last price, the amount in bitcoins, the price to buy, the price to sell, the highest price for 24 hours and the lowest price for 24 hours.
There isn’t Bittrex fraud, but don’t forget, Bittrex fees are 0.25%, which is about average level.
So, for the conclusion of Bittrex review let’s sum up everything into pros and cons.
Here you have Bittrex review 2018. In general, this exchange makes a pleasant impression and is executed professionally enough. The interface is completely “user-friendly” (easy to learn, intuitive), everything switches perfectly and is customizable.
- A large volume of trades;
- A large number of pairs;
- A low commission, which is the same for all;
- User-friendly interface;
- High level of security.
- Bittrex support isn’t very active and friendly;
- English - the only version of the site;
- Lack of support for popular payment systems;
- Low withdrawal limits for unverified users.