Bittrex review 2023: Pros, cons, fees & more

But for now, the fees are set at 0.25% for both buyers and sellers for each trade they make. When you compare Bittrex’s fee with that of Binance, Bitfinex, or HTX, you will find it is slightly high, but gets better as your trading volume increases. Plus, you will find all the popular cryptocurrencies like BTC, ETH, DASH, LTC, https://www.tokenexus.com/ NEO, ETC always on Bittrex to enjoy their high liquidity. Liquidity in excess of 16,000 BTC is by no means low, and they are constantly adding new features, which makes them one of the top 10 exchanges. 2023 Update – There are many better exchanges out there such as Binance, Bybit, or even Kraken.

Nevertheless, the most significant changes have occurred in Bittrex’s user interface. As such, the exchange now operates two separate platforms that share liquidity. The core Bittrex exchange focuses on serving the US cryptocurrency ecosystem, while Bittrex Global is oriented towards the international user base. The exchange quickly grew to become one of the best-known names in the sphere of crypto trading.

Explaining the Bittrex Platform

Bittrex offers an impressive library of educational resources in its Discover section. You’ll find articles on a wide variety of crypto topics, such as how crypto mining works and what you need to know about crypto taxes. The exchange also has detailed breakdowns on over 100 cryptocurrencies, which is extremely helpful if you’re trying to learn more about whether a cryptocurrency is a good investment.

Investopedia is dedicated to helping those interested in cryptocurrency investing make informed and safe decisions. We are committed to providing our readers with unbiased reviews of the top cryptocurrency exchanges for investors of all levels. However, its trading interface and the large number of supported currencies may be overwhelming to beginners.

Customer Support and Reviews

Bittrex’s fees are neither high or low, which is both good and bad. 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. This list cannot be changed without passing a few steps of verification. The 2 will then be linked and your account will be secured with 2FA.

• Some of the fiat currencies you can trade for the listed assets include USD, GBP, and EUR.
• Next, you’ll need to select the type of ID that you’re going to submit from the list.
• Many have described customer service as ‘terrible,’ claiming that the exchange took weeks to respond to their issue and even longer to resolve it.
• Bittrex is a US based exchange founded in 2013 and headquartered in Seattle Washington.
• The first thing to note about Bittrex is that it’s not regulated by prominent financial institutions such as the FCAA (U.K.) and the SEC (USA).
• It is a small to mid-sized exchange based on their 24 hour trading volume of over $46m.

The ones who have the 2FA enabled can withdraw up to 100 BTC per day. This enables more privacy for users within Bittrex so that information from external participants is kept private. That bittrex review was the biggest downside of this exchange, the authentication is rigorous and didnt get it on the first try. When your bid is accepted your new currency will be sent to your Bittrex wallet.

How much or how little crypto can I buy on Bittrex?

Bittrex features over 250 cryptocurrencies on its platform with the ability to instantly buy them with a connected bank account or debit card. While beginners may experience a slight learning curve, experienced traders will likely appreciate the advanced tools offered by the platform. Users can log in to their trading dashboard on desktop or through the Bittrex mobile app, available for Android and iOS.

In addition to a straightforward trading experience, users can also benefit from a real-time view of the markets available on Bittrex. The platform also supports advanced order types, including stop, stop limit, trailing stop, and ladder limit orders. Those interested in staking can earn up to 5.5% in Cardano (ADA) rewards by staking ADA on Bittrex. While Bittrex is fairly user-friendly, beginners may be overwhelmed by its trading platform and the number of assets it supports. Thus, it could be better suited to more experienced crypto traders and investors. For USD or EUR deposits, you have to verify your account and get your bank account whitelisted by submitting a request via the Bittrex customer service desk.