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 Bittrex.
To register on Bittrex you need your email address and a complicated password, Chose the account type, submit the password, and register. Then you’ll get a letter with a confirmation link, click it and just sign in.
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 515 of them.
The next point is how to buy on Bittrex. To buy on Bittrex it is necessary to have an account. So, the first step is to sign up, you know how to do it already. Now, deposit UDS, BTC, or supported altcoin, you will need it to buy currency. Now you can choose the currency you wish to buy and confirm the transaction. How to buy bitcoin on Bittrex? Just the same as any other currency.
On Bittrexe you can see a comfortable schedule with a good interface and some user settings. On the top of the scedule, we can see the last price, 24h volume, and 24h change.
There isn’t Bittrex fraud, but don’t forget, Bittrex fees are 0.25%, which is about the average level.
So, for the conclusion of Bittrex review let’s sum up everything into pros and cons.
Here you have Bittrex review 2020. 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.