Bittrex Review: Exchange platform complete Guide, Legit or Scam?

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In this post, I will cover a new cryptocurrency exchange platform that is Bittrex Review.

like changelly, binance and shapeshift many other site also come in market in recent days of era. personally i like sometime to tarde in between crcryptos therefor today i am writing on Bittrex Review.The official site link is https://bittrex.com/

What is Bittrex?

Bittrex is a secure cryptocurrency exchange platform for Bitcoin, Ethereum, and other leading digital currencies. The company call themselves as the next generation of cryptocurrency trading platform. The company is US based. Bittrex was launched in the year of 2014. The Co-founder and CEO of Bittrex is Bill Shihara.

In terms of security and growth management experience, he worked 11 years with Microsoft Windows operating system and security team and also worked as Security Engineer for Amazon and Blackberry. so lets see Bittrex Review for verification.

Verification with Bittrex?

  • Go to the official site {https://bittrex.com}
  • On the corner of upper right-hand side of the page, you will see the login option
  • Click on Log in or scroll down click on the (GET STARTED NOW)Bittrex Review: Exchange platform complete Guide, Legit or Scam?
  • After that, you will see this pageBittrex Review: Exchange platform complete Guide, Legit or Scam?
  • Enter your email address and set your password.
  • After that, the verification link will be sent to your particular Email which you have entered.Bittrex Review: Exchange platform complete Guide, Legit or Scam?
  • Click on the link provided in the mail.
  • After clicking you will see a pop up of successful verification
  • When logging in your IP address will be verified same as the email verification process.Bittrex Review: Exchange platform complete Guide, Legit or Scam?
  • Click on the link.
  • While doing this all process for the verification purpose you will be seeing some image selection instead of Captcha options.
  • Your verification and login will be done and you will be redirected to the trading page of the website.

lets see Bittrex Review for trade.

How to use Bittrex.com?

  • When you will log in to Bittrex first time you will see the list of Bittrex’s markets.
  • In the upper side of the page on the right corner, you will see the wallet option.
  • Select the wallet option.Bittrex Review: Exchange platform complete Guide, Legit or Scam?
  • Choose your cryptocurrency to deposit after selecting the wallet option.
  • Currently, on the Bittrex platform, you can trade around 250 cryptocurrencies.
  • Here you will be provided with search bar option so that you can search your cryptocurrency to invest in.Bittrex Review: Exchange platform complete Guide, Legit or Scam?
  • Then click on the plus icon.
  • After that, with a pop up you will see deposit box.
  • It will allow you create a deposit address.
  • Now you will see your deposit wallet address.
  • Your deposit will be verified by a number of blockchains before the completion of the trade.
  • This verification time depends on the cryptocurrency that you have chosen for the trade.
  • After the verification is done you will have to select the cryptocurrency pair that you want to trade in.
  • On the main trade, page click on the cryptocurrency that you desire to invest and here you can see all the information about your currency growth with a graph.Bittrex Review: Exchange platform complete Guide, Legit or Scam?Bittrex Review: Exchange platform complete Guide, Legit or Scam?
  • Use the order book option for checking your order of pairing.
  • Use it see all buy and sell orders that have been placed by Bittrex user.Bittrex Review: Exchange platform complete Guide, Legit or Scam?
  • Here you will see your all open and completed tradesBittrex Review: Exchange platform complete Guide, Legit or Scam?
  • You will be asked for confirmation before placing the final order stage.
  • You can also cancel the order before confirmation.
  • Once the order is placed and completed the purchased cryptocurrency it will be available in your Bittrex wallet.
  • You can withdraw it by clicking on the Minus icon.

Trading fees of Bittrex?

The trading fee of Bittrex platform for all trades is 0.25%

Security of Bittrex platform?

This platform is always known for its secured best cryptocurrency exchange. The team behind this is very trustable and experienced. Infect the CEO of the company has a way experience in terms of security.

There is also an option to increase the security level that is 2FA (two-factor authentication). You can use this feature if you care about your security more or want to increase the security level.

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Currently, there is no official mobile application for the Bittrex platform. there is some API based application but as a user, you cant trust app like this.

Transfer Limit of Bittrex?

Bittrex keeps a hard cap policy on the withdrawal limit from your cryptocurrency wallet.

  • The unverified account has a withdrawal limit of 1 BTC per day.
  • The accounts which are verified by two-factor authentication has the withdrawal limit of 3BTC per day.
  • There is also the other option for advanced users that are Enhanced account.
  • To create an Enhanced account you need to send in your photo ID and a selfie portrait.
  • The Enhanced account allows you to withdraw 100 BTC per day from your crypto wallet.

Payment method for Bittrex?

  • Bittrex does not support Fiat currency.
  • That means you can not purchase the digital currencies directly by using your credit, debit or your bank accounts.
  • The company decided to upgrade it from dollar-denominated credit and debit card in the future.

PROS

  • Over 250 trading pairs.
  • Security is a top priority.
  • Large selection of Altcoins.
  • Good customer service compared to Poloniex.
  • Easy to use interface.
  • Automated features.
  • Easy to get basic account information.

CONS:

  • Does not supports Fiat currencies.
  • If you want to purchase in Fiat currency then you can only buy Bitcoin, Ethereum, USDT, but to purchase these currencies also you have to invest over 10,000$.
  • Enhanced account verification is bit lengthy and irritating.
  • Transaction process to adding a currency in the wallet is slow.

Conclusion:

Bittrex can be taken as a great competition to Poloneix in terms of security, privacy, and transparency. You can trade over a number of trading pairs which is good in terms of marketing criteria and pulling the users to this platform.

You can just easily go to the website, make your account and start trading. As per the market, study security is not a problem. You can trust on this platform. So over all, it is worth giving a try.

So this was the whole Bittrex Review.

Please like and comment in the description box you have any questions and please share with your friends and family.

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Cheers!!

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