Bittrex Review: Safe Crypto Exchange? This You NEED to Know

Considering this system helps the Bittrex crypto exchange platform provide condescending trade implementation speeds that get rendered almost immediately. For 2025, Binance offers low-cost trading and advanced features, Kraken provides U.S.-friendly security, and Crypto.com blends beginner perks with a Visa card. Start with a platform like Coinbase for simplicity or dive into Binance for depth—Bittrex’s time has passed. The Bittrex fees are based on your 30-day trading volume, just like at Binance. Not a lot people have a trading volume of 1 million dollar each month. Today, the Bittrex platform has a good performance in all these areas except for the ease of use and customer support.

Bittrex Global Exchange Customer Service

Although not a strict requirement as it is on many cryptocurrency exchanges, customers are heavily advised to set up Two-Factor Authentication (2FA) using an app like Authy. Bittrex Global is frequently compared to Binance as an alternative due to the number of altcoins it offers. However, the strict verification process and relatively high fees (0.25% vs. 0.1% on Binance) quickly demonstrate that Binance is the better option. Bittrex Global appears to be able to offer USD deposits and withdrawals for verified accounts.

• The choice is yours, depending on the features that matter the most.
• Bittrex offers access to hundreds of cryptocurrencies and trading pairs, making it an excellent platform for traders looking to diversify their portfolios.
• Following that, Bittrex exchange uses main circumspections such as the two-factor authentication (2FA) and cold storage wallet.
• Its focus on security—storing 80%–90% of funds in cold storage—set it apart early on.

Fee Structure of Bittrex

However, cryptocurrency trading on the platform is considered advanced due to its interface, and its crypto-to-crypto trading pairs are often advanced to novice traders. As a result, the Bittrex exchange recently launched a feature that allows fiat to crypto trading and vice versa. However, the feature is relatively new, and most trading activities still take place as crypto-to-crypto.

safe?

However, there were reports of individual clients losing their money to phishing attacks in 2016. The site provides its users with helpful advice on best security practices. This includes how to avoid phishing, keep your phone safe, create strong passwords, and close your account if it’s compromised.

• BikTrix is a small company based out of Saskatchewan, Canada, which began as a Kickstarter project in 2014.
• For US-based investors, fees start at 0.35% per transaction, while for Bittrex global customers, costs start at 0.75% per trade.
• Of course, this depends what sort of currency you would like to fund with as Kraken has GBP and CAD trading pairs as well.
• Bittrex, like several other cryptocurrency exchanges, employs a fee structure grounded in the maker/taker model.
• These are the wallets that are connected to the servers and process the deposits / withdrawals.
• Bittrex charges a maker-taker fee structure, with rates starting at 0.35% per trade.

Commissions and limits

Apart from that, it allows traders to trade with the help of EUR or USD as well. Moreover, transactions made through credit cards to debit cards are instantly and cost a minimal fee of approximately 3% per transaction. Bittrex is a crypto-to-crypto trading exchange located in the United States. It is one the first cryptocurrency exchanges in the world and they have a lot of experience the financial market.

All information on this website is informative and not a recommendation to buy or sell anything. Consult an expert when making financial decisions and only invest money you can afford. Still no access to my coins for 15 days after having sent them from Bittrex to Binance but Binance refunded them back to Bittrex. Jumio can verify more than 100 million people in 200 countries around the world. This reduces the user information to a residential address, date of birth, and officially registered name of the user. With Chainalysis KYT providing the shield over Bittrex transactions, the platform’s security quotient will go up.

The exchange provides a help center with different categories and a search bar to assist users. However, customer support has been criticized for its long response times. Live chat is limited to logged-in clients, and tickets can be submitted through an online form or via Zendesk. The exchange also provides guidance on best practices for security, recommending strategies against phishing, creating strong passwords, and secure phone usage.

Bittrex provides a modern trading interface that is well laid out and easy to use for beginners and experienced traders alike. In addition, the charting features are powered by TradingView, one of the best crypto charting sites in the industry. As such, Bittrex is an excellent platform for technical traders needing to plot complex strategies. The headquarters of Bittrex, which Bill Shihara, Richie Lai, and Rami Kawach founded in 2014, are in Seattle, Washington.

Essentially, the platform offers a broader range of technical material that allows advanced traders to be more comfortable executing their trades. Being a highly regulated platform, Bittrex Global requires users to comply with a rigorous Know Your Customer (KYC) procedure to confirm their identity. However, thanks to advancements in automated ID verification technology, this process is now swift and straightforward. Most customers achieve account verification within just 15 minutes. The Bittrex Global VIP Programme presents an array of enhanced benefits and features for clients whose accounts meet a specific trading threshold.

Currently, the Bittrex fees are considerably lower, and trading bittrex review crypto is arguably easy using the platform. The platform currently has over 360 listed cryptocurrencies that combine popular and less popular tokens. This transfer incurs the usual transaction fee from the coin or token’s network, a cost that Bittrex Global cannot circumvent.

FinanceWorld Inc. provides only financial management and provides remote management of orders on clients’ accounts. All trading or investment decisions are fully on responsibility of the account owner and include but are not limited to any kind of loss of capital. When evaluating a crypto exchange, assessing its security measures is crucial. Bittrex employs a multi-tiered security infrastructure designed to safeguard user assets and data. Bittrex does not charge any fees for cryptocurrency deposits, which is a plus for users looking to fund their accounts without additional costs.