bittrex review

Its enhanced account verification can be performed with a range of different identity documents, which can be viewed via the Jumio site. We’re transparent about how we are able to bring quality content, competitive rates, and useful tools to you by explaining how we make money. Our goal is to give you the best advice to help you make smart personal finance decisions.

The company was founded by Bill Shihara, Richie Lai and Rami Kawach, all three previously worked at Microsoft. When it comes to competition, Binance is likely to be on top of the list. Even though Binance remains the leading exchange in the market, it does not necessarily excel at every aspect. The platform follows all of the different laws, rules and regulations that are in place in the US (that’s where the exchange was created, registered and is being managed from). To put it short, you don’t need to worry about any legalities while using Bittrex – everything’s in order. I like the writing style in this bittrex review, not trying to suggar coat anything.

What Is Bittrex?

Most complaints found online are from users in emerging markets. Bittrex’s low-tier requirements seem to appeal to unserved markets. Accounts that aren’t eligible for USD trading can still use stablecoins like USDT (Tether). Over 400 altcoins are available for trading against Bitcoin, Ethereum, USD and USDT.

bittrex review

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Supported Markets

Unfortunately, Bittrex does not offer the direct purchase of cryptocurrency using credit, debit or Automated Clearing House (ACH) bank accounts. However, the BBB has issued a pattern of complaint alert for Bittrex. Bittrex, Kraken, and Binance.US all provide a vast array of crypto services for individuals and institutions.

  • However, given that Bittrex has increased their support headcount as well as the fall in trading demand, verification times are way back down.
  • Overall, the charges you will incur trading cryptocurrencies on Bittrex are low, and we highly recommend the exchange to low-budget traders.
  • Trading fees depend on the trading volume, meaning that only high-volume traders get the best discounts.
  • Bittrex promotes itself as one of the most secure cryptocurrency exchanges in the world.
  • While it is great to see such a large selection of coins that are listed on their books, this does not mean that all of these coins are created equal.

If you’re keen to get started trading immediately, basic verification is simple and easy. The verification center allows users to manage basic, enhanced, and phone verification. They have recently made an exception to this rule— it’s possible to purchase USDT (Tether) via wire transfer.

About Bittrex — company background

This does not infuse as much confidence into Bittrex users as if Bittrex were regulated by the SEC. Users have the options to set trailing, stop-limit, OCO (one-cancels-the-other), and ladder-limit orders. They can also enter positions with a limit or a market order, depending on their investment strategy. Bittrex requires its users to complete their profiles by entering personal data like date of birth, full name, home address, and country of residence/nationality. You will then have to upload images of some documents, i.e., a government-issued I.D. For example, an investor purchasing $10,000 worth of Bitcoin using a debit card will have to pay a fee of $300.