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The Complete Guide to the Bittrex Exchange

The Complete Guide to the Bittrex Exchange

Despite the fact that digital asset trading is a relatively new phenomenon, among cryptocurrency exchanges Bittrex is considered a time-tested trading platform that can guarantee a high level of security and reliable service. Today, in this all-encompassing review, we will study how Bittrex Global, one of the most popular and secure crypto exchanges, operates.

Review Contents

1. Bittrex History and Founders

Bittrex Global is currently the oldest holding company concerned professionally with digital assets, as well as having access to major US and European financial markets. It grew out of a small cryptocurrency exchange that started with mining bitcoins for $30 back in 2011. Now the holding, whose headquarters is located in the Principality of Liechtenstein, provides a trading infrastructure to its users, enjoying a reputation of one of the safest exchanges in the world.

Bittrex Global has managed to gain such customer trust and loyalty through the continuous development and implementation of the most advanced technologies that have proven their worth by continuous and reliable operation throughout the 7 years of their existence. The company always ensures fair opportunities for investing in and trading digital assets for all clients, regardless of trading experience.

To this day, since January 2018, Bitcoin has not been able to rise higher than that time.

The future Bittrex team really wanted a way to acquire Bitcoins again. Mining was going to prove untenable, so they brainstormed and started the first crypto-based business—GiftcardBTC.

At that time, Bittrex had a simple idea of earning through selling gifts and calling cards for Bitcoin. It was so easy to earn cryptocurrency and then convert it into fiat US dollars, and that endeavor made it possible to offset the costs. Then, the founders of the future cryptocurrency platform designed a Bitcoin miner that started to earn money continuously, but this was not the limit of their dreams.

Less than a year later, the first cryptocurrencies—Bitcoin and its fork Litecoin—got up in price many times and then the creators of Bittrex added Litecoin to their package. Using Coinpayments.net infrastructure for processing payments, they ran into problems, since there were still practically no abilities to convert or withdraw cryptocurrencies into fiat currencies. The founders began to look for convenient automatic ways to do this but at that time exchanges could not provide such services.

At that time, Bill Shihara and Richie Lai regularly traveled to Las Vegas and in late 2013, during one of such trips, they were discussing the problems they faced for many hours, trying to find a solution and considering various options. In the end, they decided to start software development in the west. Now this decision is considered the birthday of the Bittrex trading crypto platform.

They decided to invite a professional from Microsoft, Rami Kawach, to discuss their idea. After some time, they had an ambitious plan to develop and launch a platform for crypto exchange in less than two months. The plan was accompanied by a gentleman's dispute among Rami, Richie, and Bill over a bottle of 25-year-old whiskey, which concerned the timing of the plan.

The formed team began to work actively on a project to which they devoted all their free time and worked day and night. In mid-February 2014, they launched the Bittrex website, and on the last day of February, they made it accessible for the general public. As a result, Richie and Rami won over whiskey against Bill.

https://bitcointalk.org/index.php?topic=463202.0 and started sharing on February 28 https://bitcointalk.org/index.php?topic=492758.0

It was then when a large partnership began; later, the alliance ensured the joint company’s future success. They formulated several postulates that became the cornerstone of their business:

  1. We ourselves will never trade cryptocurrencies on our exchange. Too many shadows occurred in too many places, and we will not trade against our clients.
  2. We will always maintain honesty on our exchange. No one gets special information. No one gets special prices. Transparency is paramount.
  3. We will never sacrifice long-term gain for short-term gain. We have been together for a long time.

Bill Shihara: https://www.linkedin.com/in/billshihara/
Co-Founder, CEO at Bittrex Global
January 2014 to present

Professional Experience:

  • Amazon: 2 years 1 month. Manager, Security Engineer
  • BlackBerry: 2 years 5 months. Manager, Security Engineer
  • Microsoft: 7 years 6 months. Lead Program Manager, Security Program Manager

Richie Lai: https://www.linkedin.com/in/richielai, https://twitter.com/richiela
Co-Founder, CIO at Bittrex Global
January 2014 to present

Professional Experience:

  • Amazon: 6 years 11 months. Senior Security Engineer, Senior Security Manager
  • Microsoft: 12 years. Software Security Engineer — Principal Development Manager

Rami Kawach: https://www.linkedin.com/in/rami-kawach-413a63194/, https://twitter.com/ramikawach
CTO at Bittrex Global

Professional Experience:

  • Amazon: 7 years. PSA
  • Microsoft: Software Security Engineer, Principal Development Manager

Crypto Exchange Partners

Bittrex is constantly moving forward, embedding a strategy that leads the innovative future of the crypto-financial industry. To implement its strategy, the platform interacts with the most interesting innovative crypto projects based on blockchain technology. They have developed an affiliate program that helps launch trading platforms from 13 countries around the world.

Today Bittrex cooperates with the following businesses across the globe:

  • Bitmonex
  • RAIN
  • Bitvoicex
  • VCC
  • Bitsdaq/BQ.net
  • Biteeu
  • Cryptofacil
  • VALR
  • Ibitt
  • Catalx

2. What Bittrex Is and How It Works

Bittrex is a multi-currency trading platform where you can exchange, buy, or sell cryptocurrency and fiat money. The exchange is available in all facets: you have great opportunities in making foreign exchange transactions, both with digital assets and with ordinary money.

Not everyone understands what fiat currencies are, but in fact, these are the good old usual paper cash and non-cash money that are issued by the central banks of various states. Fiat money mainly differs from cryptocurrencies in that it is regulated by governments, which can influence their output and exchange rate.

On the Bittrex crypto exchange, you will find more than a quarter of thousand of various types of cryptocurrencies and 364 currency pairs. A currency pair is a pair of currencies that can be exchanged one for another at a certain rate. The most common currencies can be exchanged for hundreds and thousands of other currencies, both digital and fiat. Cryptocurrencies such as Bitcoin Litecoin or Ether have the largest number of pairs available for exchange.

Appearance cements the first impression, and the user interface is key in any digital. In Bittrex, the interface is intuitive even for those taking their first steps in trading. Not only does it look sleek but it’s also very easy-to-use. You only see what you need on the trading screen.

Here you can see structured information about trading pairs, history of changes in exchange rates, and wallets. The website will guide you on how to make a deposit, how to work with orders, what happens to your money, and how to withdraw it.

All work with such a platform begins with the opening of an exchange account. You can find everything you need to configure a wallet in Settings.

3. Create an Account on Bittrex

Registration

When you have already registered you simply need to click Log In in the upper right corner and type in your email and password.

If it’s your first time on the website, click Sign Up or follow the link: https://global.bittrex.com/account/register

Enter your email address and create a hard password. Then you will receive an email from Bittrex and that will help you verify your account.

It is recommended that you carefully read the Terms of Service before you accept them.

Then you have to fill in the Basic Profile Info. It would be your country, city, address, zip code, birth date, etc. When you finish the Create an Account stage, your next step will be identity verification.

Identity Verification

Bittrex creators take good care of security, safety problems, and reliability of a person who owns money.

Click Start Verification.

Select an identification document. It can be a passport, ID card, or driving license.

  • upload a passport page with your photo
  • upload a color picture of the whole page. Don’t use screenshots. A JPG or PNG file would be a perfect option

Attention! If you use a desktop computer, the platform may report an error and require you to continue the verification with your smartphone.

You can do it using Jumio (the global leader in AI-powered identity verification): https://www.jumio.com/

Verification by QR Code

Reiterate the process and choose your country or region.

Upload or take a picture of your passport.

Check your picture.

The next step is taking a selfie. Your face will be captured in automatic mode.

Allow access to your phone camera.

Fine! Now check your personal computer.

Identity verified! Let's Fund Your Account.

Two-Factor Authentication (2FA)

Two-factor authentication is an extra stage of the Bittrex account safety procedure. If you use the 2FA you will be able to easily—and securely—log in with a smartphone or PC.

Having enabled the 2FA, you will need to enter a password and six-digit verification code you will see in the authentication app.

To select the 2FA, click on Site Settings in your account and then Authentication.

  1. Download the Google Authenticator app to your smartphone.
  2. Scan a QR-code generated by Google Authenticator.
  3. In the Security Key field, enter the six-digit verification code which you get from Google Authenticator.
  4. Activate this function by clicking Enable 2FA.

Check your email for instructions on how to verify two-factor authentication.

ENTER your 6-digit authentication code.

Congratulations! Click Return to Bittrex Home.

Every time you change your IP address, you will have to confirm your email. This authentication method demonstrated its safety in 2016 when the customer database was hacked and only user accounts with no 2FA authentication enabled were jeopardized.

4. Creating a Corporate Account

https://bittrexglobal.zendesk.com/hc/en-us/articles/360009623960

An essential thing. Don’t use the same password and email you set when creating a personal account on Bittrex!

Click Sign in and then Sign up.

Enter your name, email, and solve a CAPTCHA.

Sign-up complete.

You will receive an email sent to you to verify you can access the address.

After confirmation, create a hard and secure password.

Now you have access to the main Bittrex Global Support menu.

Click Submit a request and choose Corporate Account Request: https://bittrexglobal.zendesk.com/hc/en-us/requests/new?ticket_form_id=360000338459

Fill in all required information and attach all required papers in PDF format.

You will receive a confirmation via email stating that your application is being reviewed. Usually, the review process takes one week. In some cases, this may take longer and additional questions could be requested. It’s advisable that you prepare all important papers in clear and readable PDF files beforehand.

Then, you can monitor the request progress in the My activities tab.

After a successful checkup, you will get a notice confirming the creation of a corporate account.

After you create a corporate account, Bittrex Global will let you join fiat (US dollar) trading, deposits, and withdrawals.

To do this, select Enabled for USD trading, USD deposits, and USD withdrawals on the application form and fill out the appropriate fields:

  • Country of trading activity
  • Bank Name
  • Number SWIFT/ bank ABA
  • Bank account number
  • Incoming Routing Number for Deposits into Bittrex Global: If your bank uses a Correspondent
  • Bank's Address
  • Beneficiary Name on Bank Account
  • Beneficiary Address
  • Bank Account Ownership Attachment
  • Tax ID, etc.

All Fiat (USD) trading is provided by Bittrex, Inc. and subject to the Bittrex, Inc.

In order to also enable your account for USD deposits and withdrawals, your bank account must first be whitelisted.

You should know that in case you are authorized for USD trading but your account isn't in the whitelist, you won’t be able to deposit or withdraw dollars. To withdraw dollars earned through buying and selling, you will first want to exchange USD for cryptocurrency. Then, you will be able to withdraw that money as any other crypto.

5. Fiat Currency Deposits, Trading, and Withdrawals

Bittrex Global supports euro trading, deposits, and withdrawals for eligible personal and corporate accounts. Please note that euro trading is offered by Bittrex Global and subject to the Bittrex Global Terms of Service.

There are three mechanisms available for depositing euros to your Bittrex Global account:

  • SEPA Credit Transfer
  • International Wire Transfer
  • Credit/debit card

Bittrex Global allows you to withdraw Euros to your bank account via either SEPA credit transfer or international wire transfer.

  • Minimum Deposit: 20 euros
  • Minimum Withdrawal: 10 euros
  • Minimum Deposit: 20 euros

No upper limits deposit or withdrawal for wire and SEPA transactions. Corporate account holders can withdraw up to 10,000,000 euros in one transaction after submitting an application to corpcare@bittrex.com

If the name on your bank account is the same as the name in your Bittrex Global account, you can deposit euros by following the instructions on the SEPA deposit screen. You can get to this screen by going to your Holdings page, finding the EUR currency, clicking Deposit, and selecting SEPA.

SEPA Transfer Instructions.

Recipient name: Bittrex International GmbH
Recipient address: Äulestrasse 74 9490 Vaduz, Liechtenstein
IBAN number: LI26 0881 1010 3179 K001 E

Make sure you accurately type the above text in SEPA transfer memo/notes to properly course the deposit for your account. If the name on your bank account differs from that in your Bittrex Global account, or if you wish to withdraw via SEPA without depositing, you will need to fill out the Euro Deposit and Withdrawal form https://bittrexglobal.zendesk.com/hc/en-us/requests/new?ticket_form_id=360000640760 to have your bank account whitelisted for use with your Bittrex Global account.

Depositing USD on Bittrex

Crypto assets ensure that replenishment and all exchange transactions are kept through digital currency. Therefore, in case you need to withdraw cash, you must first convert it into Bitcoin (BTC).

At the same time, there may be some other ways to refill the balance with US dollars, which entails filling a particular form for depositing in dollars—Fiat USD trading Request.

To gain a digital currency on the exchange you need to visit your private account and find the Wallets section where all the wallets are shown.

The platform creates a crypto address to which we transfer funds. Money can be credited to the exchange within two days, with the time required depending on the currency and mode of payment (e.g. bank transfer, credit or debit card, and so on).

Therefore, after the transfer, the funds are credited to the exchange's internal wallet.

In order to include a user account for depositing and withdrawing funds in dollars, Bittrex must add the user’s bank account to the white list. Therefore, to replenish the balance with fiat money, you must fill a special form.

1) Obtain approval for Fiat (USD) Trading, Deposits, and Withdrawals.

To do this, fill out and submit the form: https://bittrexglobal.zendesk.com/hc/en-us/requests/new?ticket_form_id=360000352300

Keep in mind that wire transfers can only be received from bank accounts approved through the fiat trading application.

2) Make sure your bank account has been whitelisted.

Sign in to your Bittrex Global account. Go to the Holdings Tab. Type “US Dollar” in the search bar. Click the Withdraw button beneath Actions. All available whitelisted (approved) bank accounts will be shown.

3) Generate your USD deposit code.

To get a USD deposit code, click the Holdings tab. Type “US dollar” in the search bar, click Deposit beneath Actions. Your USD deposit code will appear at the bottom of your Wire Transfer Instructions. Copy this code and input it in the memo/notes subject of the wire transfer form to your financial institution.

Use your USD deposit code every time making wire transfers. Wire transfers cannot be processed without a correct USD deposit code.

4) Best practice: Use the wire transfer information provided in your USD wallet when asking your bank for assistance.

Bittrex recommends that users resort to a local bank branch when sending wire transfers for the first time.

To show wire info, enter the "US dollar” in the search bar at the bottom of the Holdings page. Then click Deposit beneath Actions. You will see all the wire information. Use the deposit data to fill out a wire transfer form correctly. In case the info does not appear or if you have questions, please contact Bittrex Global support.

Make sure the wire transfer is not sent as an ACH transfer. ACH transfers aren't permitted so they will be banned.

Be aware: Wire deposits (wires sent to Bittrex Global) CANNOT be initiated on the Bittrex Global webpage. Only withdrawal wires can be initiated on the webpage. All wire transfers must be processed from the bank account number that was provided to Bittrex Global, in your fiat money transfer application.

5) Wait for the amount to be credited to your Bittrex Account.

All USD deposits are credited the same or next-business-day once settled in Bittrex's bank account.

Wires take 5-10 days to settle.

More delays will occur if the wire data does not fit the whitelist.

Wire transfer charges: Bittrex exchange does not take any wire transfer fee. Please ask your bank about the commission it charges for sending or getting a wire transfer. International banks usually involve mediators so check the commission the intermediary charges for their services.

Depositing Euros on Bittrex

There are three ways available for depositing Euros into Bittrex Global account:

  • SEPA Credit Transfer
  • International Wire Transfer
  • Credit/debit card

If you need to wire-transfer euros to a Bittrex Exchange Account, you will have to do the following:

1) Obtain approval for EUR Deposits and Withdrawals.

To do this, fill out and submit the form: https://bittrexglobal.zendesk.com/hc/en-us/requests/new?ticket_form_id=360000640760

2. Make sure your bank account has been whitelisted.

Sign in to your Bittrex Global account. Go to the Holdings Tab. Type “EUR” in the search bar. Click the Withdraw button beneath Actions. All available whitelisted (approved) bank accounts will be shown.

3) Go to the Holdings tab. Type “EUR” in the search bar. Click the Deposits button beneath Actions.

Deposit SEPA Transfer.

Make sure to include the text above in your SEPA switch memo/notes to perform a deposit to your account correctly.

No primary deposit is needed, but you need to provide details on the institution managing your account.

Attachment requirement: a bank-issued letter or account statement displaying containing the following data:

  1. Your name on your bank account.
  2. Your bank IBAN or account number.
  3. Your bank SWIFT/BIC code.
  4. Your bank name.
  5. Approval to deposit euros from and withdraw euros to your approved bank account.
  6. You can have multiple bank accounts approved.
  7. All banking details in the form (IBAN, Account, SWIFT/BIC, etc.).
  • Minimum Deposit: 20 euros
  • Minimum Withdrawal: 10 euros
  • No maximum deposit or withdrawal for wire and SEPA transfers

Corporate account holders can withdraw up to 10,000,000 euros in one transaction after submitting a request to corpcare@bittrex.com.

Debit and Credit Card Transactions on Bittrex Global

To use a debit or credit card in your Bittrex Global Account do the following:

  • Click Holdings in the upper-right corner of the home page
  • Select Deposit via credit/debit card
  • Enter an amount to buy (weekly limit: $2,500/monthly limit: $7,500)
  • Click Enter card info next
  • Enter your credit card data
  • Carefully read the privacy policy and transfer terms
  • Click Pay

After the submission, you will be redirected to your bank’s 3DSecure portal (follow the prompts to confirm the transaction).

As soon as the transaction is permitted, the funds may be credited to your wallet. You can track the transfer progress in the Deposits section of the Holdings page.

  • Credit Cards Accepted: Visa
  • Processing Fee: 3%
  • Daily Limit: $2,500
  • Weekly Limit: $2,500
  • Monthly Limit: $7,500
  • Alternative Options to Fund your Wallet: USD Wire Transfers (No Deposit Limit)

Countries Supported

Andorra, Austria, Australia, Belgium, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hong Kong, Hungary, Iceland, India, Indonesia, Ireland, Italy, Japan, Kosovo, Latvia, Liechtenstein, Lithuania, Luxembourg, Malaysia, Malta, Monaco, Montenegro, Netherlands, New Zealand, Norway, Philippines, Portugal, Reunion, San Marino, Singapore, Slovakia, Slovenia, South Korea, Sweden, Switzerland, Taiwan, United Kingdom, Vietnam.

Depositing Coins/Tokens on Bittrex Crypto Exchange

To deposit crypto coins to your Bittrex exchange account, you will need to take a few important steps. It's critical to be especially careful to make your deposit as secure as possible.

To deposit coins to Bittrex Global, do the following:

1) Click Holdings in the upper-right corner of the home page.

2) Find for the wallet you want to deposit funds to and click Deposit beneath the Actions tab.

3) Please copy your Wallet Address to make a deposit. In case you don’t have any Wallet Address, click Generate new wallet address.

Below is the option of creating a deposit address for Bitcoin (BTC).

A few cash and tokens have a minimum deposit amount. For instance, your Ethereum deposit address must hold extra than 0.05 ETH before crediting to your account.

If you deposit less than 0.05 ETH, you may want to deposit some amount on the blockchain amounts to more than 0.05 ETH. In case you send a deposit smaller than the minimum, you will have to make another deposit to reach the minimum amount.

Please make sure that you transfer coins of the same type to the address. This means if you generated a BTC deal, you deposit BTC to it and no other coin. In case you deposit a different coin than that of the deal, you take a risk of losing all the concerned funds.

Depositing Tether (USDT) Stablecoin

Below is the option of creating a deposit address for Tether (USDT).

1) Click Holdings in the upper-right corner of the home page.

Find Tether USDT, and click Deposit beneath the Actions tab.

2) Please copy the USDTT Wallet Address to make a deposit. In case you don’t have any USDTT Wallet Address, click Generate new wallet address.

3) Copy this crypto address and paste it to the Etherscan.io search bar.

Click Search.

You will see the contract info. Click to view a QR code.

A new window will appear, showing a QR code of your USDT wallet address. Be careful and check the correctness of your USDT transaction to your account on the Bittrex exchange.

You can check any Tether USDT ERC20 token transaction on the Ethereum blockchain. When a transaction happens, you will see the transaction hash and balance.

Once the transaction is confirmed on the blockchain, the Tether USDT will be credited to the balance sheet and you will find them in the Balances section.

Other USDT deposits can be found in the Deposit History section.

6. Transaction Fees

Transferring funds across the blockchain and withdrawing them from Bittrex costs a fee for customers, with the rate unique for every coin.

Bittrex Global charges no commission for deposits. Please keep in mind that some tokens or cash may be required to perform a transaction by a crypto coin or token’s community. Bittrex crypto exchange can’t keep away from it.

Every token or coin has a blockchain transaction fee that is built in it, and the Bittrex fee is a small amount to cover this charge. You can view the fee percentage for every coin or token by clicking Withdrawal near to the coin. There you will see a transaction fee you will be charged for withdrawing a specific coin or token.

In the example below, the withdrawal fee amounts to 1 USDT

The transaction fee for Bitcoin came to 0.00050000 BTC

7. Trading Fees

The fee schedule below provides the applicable rate based on the account's 30-Day Volume and if the order is a maker or taker.

Bittrex Global Fee
30 Day Volume (USD)MakerTaker
$0k - $50k0.2%0.2%
$50k - $1M0.12%0.18%
$1M - $10M0.05%0.15%
$10M - $60M0.02%0.1%
$60M+0%0.08%
>$100MContact TAM representative

Trading expenses are incurred when an order is prepared by means of the Bittrex worldwide matching engine. While an order is being executed, the purchaser and the vendor are charged a rate primarily based on the order’s amount. The fee charged by Bittrex exchange is calculated by the formula amount * buy rate * fee. There aren't any charges for placing an order which is not being executed so far. Any portion of an unfinished order will be refunded completely upon order cancelation.

Prices vary depending on the currency pair, monthly trade volume, and whether the order is a maker or taker. Bittrex reserves the right to alternate fee quotes at any time, including offering various discounts and incentive packages.

Monthly Volume

Your buying and selling volume affects the fee you pay for every order. Our expenses are built to encourage customers who ensure liquidity in the Bittrex crypto exchange markets. Your buying and selling charges are reduced according to your trade volume for the last 30 years in dollars.

Bittrex calculates the 30-day value every day, updating every account's volume calculation and buying and selling charge between of 12:30 AM UTC and 01:30 AM UTC every day.

You can check your monthly trade volume by logging in and opening Account > My Activity.

8. Withdrawing Funds

Withdrawing any type of funds is likewise simple. You can profit by buying and selling Bitcoin, Ether, or any other cryptocurrency.

You determine the crypto address—to which the amount will be credited—and the transaction amount. The withdrawal fee will be automatically calculated and shown right away.

After confirming the transaction, the finances will be sent to the specified addresses and all that you need to do is to wait for the community to confirm the transaction.

If the 2FA is enabled, then the user receives a special code (via SMS or application) to confirm the withdrawal.

9. How to Trade on Bittrex Global

Currency selling and buying transactions are performed using the Sell and Buy buttons, accordingly.

To begin with, the dealer selects a currency pair and sees a graph of the rate dynamics and different values for the pair.

Below the chart, there is a section with orders where the user can buy or sell a virtual asset.

To create an order, you just need to specify the order type, price, and quantity. And do not forget about the 0.25% trade fee whatever the quantity.

For optimum profit, stay with liquid assets as they can be quickly sold at a near-market rate effective at the time of the transaction. Bittrex offers no referral program; so buying and selling crypto is the easiest way to earn.

Order Types

Bittrex helps you alternate Limit and Stop-Limit orders.

A limit order or a simple limit order is performed when the asset fee reaches—or even exceeds—the price the trader seeks. To execute such an order, it is required that there's a counter market order on the platform that has the identical fee as the limit order.

Differences between Limit Order and Stop Limit Order

A stop limit order is a mixture of a stop limit order and a limit order. In such an application, charges are indicated—a stop charge and the limit.

Stop Limit Order Purpose

Trade Terminal

Let’s discuss how you could trade conveniently with our service.

The key features include a user-friendly interface and precise currency pair statistics (timeframe graphs, network data, trade volumes, and so forth).

The platform’s top-notch advantage is handy, easy-to-analyze, customizable charts. There is also a column for quick switching between currency pairs and an order panel beneath the fee chart. Such an all-encompassing visual solution helps compare orders efficiently and in one place.

You can use the terminal in a day or night mode; when in the night mode, the icon in the upper-right corner changes and notice the Bittrex trading terminal in night mode is displayed. The main menu consists of 4 sections: Markets, Orders, Wallets, Settings.

Markets are the trade section. Bittrex allows handling over 270 currency pairs.

Orders. To see all open orders, go to OrdersOpen.

To see completed orders, go to OrdersCompleted.

Wallets. The Wallets tab displays many wallets for all cryptocurrencies supported by the exchange and the current balance of each of them.

After refilling the balance or creating a buy or sale order, you will see all actions in the section. Bittrex allows creating a separate wallet for every coin. Additionally, you can see how the coin price has changed, in terms of percentage, throughout the day.

Here’s what you can also do with your wallets:

  • Hide zero balances: hide currencies with zero balance
  • Green and red arrows: replenish balance/withdraw funds
  • Find: search for a cryptocurrency

The Settings section helps manage your account, verification, 2FA, password modification, API connection, and many more.

How to Sell

The process of selling crypto assets follows the same algorithm. The only difference is that after choosing the exchange direction, you need to initiate a Sell order. All the rest is similar: you select the order type, specify the quantity and price, and click Sell *Currency Name* (Sell Bitcoin in our case).

If you scroll the screen, the entire history of trades and orders will be displayed below.

LONG and SHORT

You can make a long deal or a short deal. Your choice depends on whether you expect an asset to fall or rise in price.

Long positions are a classic trading method. It concerns purchasing an asset to profit when its value increases. Long positions are carried out through any brokers and do not require a margin account. In this case, the trader’s account must have enough funds to cover the transaction.

Losses in a long position are considered to be limited; no matter when the trade starts, the price will not fall below zero with all possible errors. Short positions, in contrast, are used to profit from a falling market. A trader buys a financial instrument from a broker and sells it. After the price reaches the target level, the trader buys back the assets or buys them to pay off the initial debt to the broker.

A short position yields profit if the price falls, and it is considered unprofitable the price matches the asset value. Performing a short order requires a margin account as a trader borrows valuable assets from a broker to complete a transaction. Long transactions help gain from market growth; short from a market decline.

Trade via API

Bittrex also supports algorithmic trading through extensive APIs (application programming interface), which allows you to automate the trading process using third-party services.

To create an API key, the user must enable the two-factor authentication 2FA, verify their account, and log in to the site within 3 minutes.

If all the requirements of the system are fulfilled, you can proceed to generate the API key. Log in to your Bittrex account, click Settings. Find API Keys. Click Add new key (Create a new key).

Toggle on / off settings for READ INFO, TRADE, or WITHDRAW, depending on what functionality you want to use for our API key.

Click Save and enter the 2FA code from the authenticator → Confirm.

The secret key will be displayed only once and will disappear after the page is refreshed. Make sure you saved it!

To delete an API key, click X in the right corner for the key that you want to delete, then click Save, enter the 2FA code from the authenticator and click Confirm.

Bittrex Bot, a Trader’s Assistant

Robotized programs that appeared sometimes after the appearance of cryptocurrency exchanges save users from monotonous work and allow automating the trading process.

Bots for trading digital money work like all the other bots: they perform mechanical trading according to the preset parameters.

Currently, one of Bittrex’s most popular trading bots is Bittrex Flash Crash Buyer Bot that helps traders profit from altcoin volatility without missing the right moment.

The program monitors all the market changes in the market every second; also, it even can place an order in advance. The Bittrex bot can handle a stop loss—to sell a certain amount of currency when the rate changes in a favorable direction and reaches a certain level.

10. Mobile Application

The Bittrex mobile app is available for both iOS and Android devices. It is quite a new option for users. The exchange website has a fairly convenient and functional mobile version. The Bittrex app has been launched recently, and exchange users can monitor the market situation on the screen of their iPhone or Android-powered smartphone and quickly respond to any change.

11. Secure Platform

Bittrex Global employs the most reliable and effective security technologies available. There are many cases of theft, fraud. It is no coincidence that the currency is compared to the Wild West, especially if we compare the 1800s when cowboys rushed to the West Coast of America to earn and start something new in a place that had no rules.

Cryptocurrency is still wild. One can earn and lose money fast. But Bittrex has a substantial security policy thanks to the team’s huge experience in security and development for companies such as Microsoft, Amazon, Qualys, and Blackberry.

The system employs an elastic, multi-stage holding strategy to ensure that the majority of funds are kept in cold storage for extra safety.

Bittrex Global also enables the two-factor authentication for all users and provides a host of additional security features to provide multiple layers of protection.

Bittrex cold wallet: https://bitinfocharts.com/en/bitcoin/address/385cR5DM96n1HvBDMzLHPYcw89fZAXULJP

How to Pass IP Verification

To ensure higher security of your Bittrex Global account, the system requires all users to approve each new IP address through an email confirmation. This IP verification procedure is required every time you attempt to log in from a new IP Address.

Confirming your IP address.

The new IP address must be confirmed from the device that you are using to access Bittrex Global. This means that you must follow the CLICK HERE TO LOGIN link in an email on the device that you want to use to access your account.

To ensure even more security, Bittrex Global supports whitelisting of IP addresses and Crypto addresses. These two features can help protect the account in the event of credentials or API key loss.

How to Add IP Address to Whitelist

By setting one or more whitelisted addresses, you are telling Bittrex Global to only authorize trades or withdrawals from those IPs. This concerns both the global.bittrex.com web interface and API-based trades or withdrawals. To do this, click IP Whitelist in Site Settings.

How to Add Crypto Address to Whitelist

By setting a withdrawal address, you are telling Bittrex Global to authorize withdrawals only to that address.

This concerns both the global.bittrex.com web interface and API based withdrawals.

Note that when opting into this feature, you need to specify a withdrawal address would like to withdraw funds from for every currency. To do this, click Withdrawal Whitelist in the Site Settings section. The example below shows a BTC address.

12. How to List on Bittrex Global

As of April 20, 2020, 5,361 cryptocurrencies and tokens have been registered on CoinMarketCap: https://coinmarketcap.com/all/views/all

7,110 coins on Coingecko: https://www.coingecko.com/en

5,625 cryptocurrencies on Feixiaohao: https://www.feixiaohao.com/

Listing on Bittrex Global (as of January 1, 2020)

1. All token teams must apply to Bittrex Global directly by emailing to listings@bittrex.li to show interest in getting their token listed on Bittrex.

https://bittrexglobal.zendesk.com/hc/en-us/requests/new?ticket_form_id=360000352160

2. The Bittrex Global Listings Team will respond and direct the token team to do two things:

a. Setup a corporate account on Bittrex Global.

b. Fill out and submit the Bittrex Global Listing Agreement & Application.

During this phase, teams should indicate if their token requires technical integration (i.e. a new blockchain).

3. At this point, the Bittrex Listings Team reviews the application provided. More than 90% of the token teams applying don’t pass this stage.

4. If Bittrex Global wants to move forward with the token, it will get to the Compliance & Legal Review Phase of the listing process.

a. There will be a cost associated with this phase, depending on the project complexity and team. The Bittrex Global Listings Team will be in contact with you to discuss this.

b. PLEASE NOTE: Do not randomly send crypto to an address that someone claims to be a Bittrex Global address. If in doubt, please communicate through authorized channels—such as a corporate account on Bittrex Global.

Please note that although the company keeps streamlining the process, Bittrex Global will continue to impose strict compliance expectations and require every token team to get a Liechtenstein opinion before its token can be listed on the platform. This means that an independent law firm reviews the token and supporting documentation to ensure that the token is not a financial instrument or e-money under European and Liechtenstein law.

A Liechtenstein company with limited liability (GmbH) is a company with its legal personality which is made up of one or more company members. Due to the low capital requirements, the formation of a company with limited liability would particularly suit small and medium-sized enterprises.

A sole proprietor in Liechtenstein can benefit from the fact that they can found a one-man company with limited liability (Ein-Mann-GmbH in German). Also, the company with limited liability is an internationally recognized type of company and it offers the advantage of a liability limit, as only the company’s assets are available to clear the debts of the company. In this context, the liability of each participant is limited to a specific amount, unless otherwise provided in the articles of association.

https://www.liechtenstein-business.li/en/Service-for-entrepreneurs/Founding-a-company/Legal-forms/Company-with-limited-liability-gmbh

The Principality of Liechtenstein adopted a law dated October 3, 2019, on Tokens and TT Service Providers (Token and TT Service Provider Act; TVTG) which came into legal force on January 1, 2020.

https://www.regierung.li/law#blockchain

13. Customer Service

Apart from all the advantages, customer service is questionable on Bittrex. Firstly, it works in English only; so if your mother tongue is not English, be ready to use this language while using the platform.

Secondly, “the support desk” demonstrates mediocre efficiency. It means that a user’s question might remain unresolved for a long time.

To optimize technical support, Bittrex created a dedicated website with frequently asked questions, instructions, and interface for asking questions.

  • Bittrex Global Support website
  • Bittrex Global Support Live Chat

You can also contact support specialists via Twitter or Facebook.

How to Launch Bittrex Global Support Live Chat

1. Visit the Bittrex Global Support website at https://bittrexglobal.zendesk.com

2. Login to your account or sign up. Please note this is a standalone site so your login here will be different from that of your global.bittrex.com account.

3. Once logged in, you’ll see a Live Chat button pop up in the bottom-right corner.

4. You’ll be asked to insert a keyword for the issue you are encountering and seeking assistance with. By the keyword, you will see relevant support articles that might help you before you chat with a specialist.

5. If you don’t see an article that answers your question, click Chat Now to begin a conversation with a support agent. Our team is always standing by, ready to help you.

6. Once you start a chat, you can send a message describing the issue or question you have so the agent knows how to help you.

An agent can assist you with a wide variety of issues, including account verification, deposit & withdrawal issues, order issues, two-factor authorization (2FA), and email issues.

Once you are in a live chat with an agent, you get a support ticket number you can refer to later.

14. Regulation & Supervision

Liechtenstein belongs to the European Economic Area (EEA) and thus enjoys full freedom to provide services in all countries across the European Union (EU) and EEA. Thanks to Liechtenstein's traditionally close neighborly economic relations and the Customs and Currency Treaty with Switzerland, Liechtenstein financial intermediaries also benefit from privileged access to the Swiss economic area. For Swiss market participants, Liechtenstein presents itself as a close hub for the EU and EEA countries.

Due to Liechtenstein's EEA membership, the same legal framework applies to financial market participants as in the EU countries. Thanks to the timely and market-friendly implementation of the EU directives, Liechtenstein promotes the competitiveness and appeal of the financial center.

The FMA is responsible for operational supervision. Liechtenstein has a strong, internationally recognized financial market authority at its disposal. The FMA enforces the international standards in the supervision of financial market participants. In terms of structure, the FMA is represented in all European financial market supervisory authorities and important global organizations concerned with questions of supervision and regulation of financial markets.

Liechtenstein implements internationally recognized standards in supervision and combating money laundering and terrorist financing; so it is represented in all relevant international organizations and authorities. The country also implements the global standards for transparency and exchange of tax information developed by the OECD, as expressed in the Liechtenstein declaration.

As part of the Swiss franc area in the middle of Europe, Liechtenstein also offers a stable legal and social order. The solid financial policy of the public budgets, time-efficient administrative procedures, and transparent and predictable tax and legal conditions contribute to Liechtenstein's attractiveness as a business location. Liechtenstein's AAA rating awarded by Standard & Poor's underscores this reliability.

Financial Market Authority Liechtenstein (FMA)

The independent financial market supervisory authority of Liechtenstein is FMA. It guarantees the stability and trustworthiness of the financial market and client protection and provides prevention and prosecution of abuse. The FMA as an integrated supervisory authority manages all financial market participants in the Liechtenstein financial hub and has over 80 employees.

The Financial Market Authority guarantees the implementation of international supervisory norms and, on the side of the Government, engages in the preparation of financial market legislation. The FMA encourages sustainable management that guarantees effective and adequate supervision.

FinTech and TVTG

Liechtenstein, as a small country, sees opportunity in financial technologies. The FMA is pursuing the strategy of applying and structuring guidance. It helps financial service providers, as well as innovative companies, implement their own business models.

Further Information

The TVTG gives the registration and event-related administration of ten service providers to the FMA, which provides their services on VT systems (e.g. blockchain). The document also implements the FATF recommendations which provide for SPG guidance for such services. Learn more here:

https://www.fma-li.li/de/fintech-und-tvtg/tvtg.html#608

In the latest report, the total number of blockchain organizations in Crypto Valley raised to 842 in the second half of 2019. The number of blockchain companies meanwhile doubled in Liechtenstein and important international addition to the Lichtenstein list was Bittrex—a renowned digital and cryptocurrency exchange.

Crypto Valley Venture Capital (CV VC) amalgamated with Strategic & IT consulting company Inacta AG, and Cointelegraph to compose a new report on Crypto Valley. The report revises the most important blockchain enterprises in Crypto Valley, which comprises of the blockchain group in Liechtenstein and Switzerland.

The number of blockchain businesses in Crypto Valley raised from 810 to 842 in the second half of 2019 according to the report. Over 4,400 people are employed by companies based there. As the report states, Zug is home to more than half (425) of the companies in the list, followed up by the cantons of Zurich (139), Geneva (45), Ticino (42), Vaud (27), Lucerne (16) and Bern (14). Whereas the number of Liechtenstein-based blockchain companies has doubled over the last six months and reached 80.

https://cvvc.com/application/files/2815/8522/9371/CV_VC_Top_50_Report_H2_2019.pdf

Crypto Valley managed to add new entities to its list, including Bittrex (Liechtenstein), CasperLabs (Zug), and Libra (Geneva) in the second half of 2019. It shows that the region continues to be appealing to international crypto companies. With the Bittrex exchange, Liechtenstein was able to list one of the most valuable new additions. The crypto assets exchange moved its platform to Liechtenstein last year. Bittrex CEO Bill Shihara appreciated the legal security for blockchain companies in Liechtenstein when stating the move last summer. He emphasized that the Liechtenstein government is seeking a very proactive approach to foster innovation in blockchain.

Five unicorns—companies that are valued at $1 billion and higher—are also based in Crypto Valley. They are Ethereum, DFinity, Polkadot, Bitmain, and Libra. The other three big players in the sector are Tezos, Cardano, and Cosmos. Mathias Ruch, founder, and CEO of CV VC pointed out that the latest data from the CV VC Top 50 Report reveal that Crypto Valley with its 842 blockchain enterprises has become significantly more stable and mature. He also added that Switzerland and Liechtenstein continue to be attractive in such a way that globally important organizations, platforms, and projects are willing to come to the region.

15. Largest Assets

Wallet Bittrex-coldwallet balance chart in BTC: https://bitinfocharts.com/ru/bitcoin/wallet/Bittrex-coldwallet

Bittrex USDT: https://etherscan.io/token/0xdac17f958d2ee523a2206206994597c13d831ec7?a=0xfbb1b73c4f0bda4f67dca266ce6ef42f520fbb98

Bittrex Token Holdings: https://etherscan.io/tokenholdings?a=0x66f820a414680b5bcda5eeca5dea238543f42054

16. Legal

Postal Address: Dr. Grass-Strasse 12, 9490 Vaduz, Principality of Liechtenstein
Phone: +423 237 90 09

https://kundmachungen.li/AktuellsteNeugr%C3%BCndungen/Details?nr=FL00026169498&Firma=Bittrex+E-Payment+GmbH&ort=Vaduz&datum=05.08.2019

  • Bittrex E-Payment GmbH on August 5, 2019
  • Announcement: FL-0002.616.949-8
  • Address: Dr. Grass-Strasse 12, 9490 Vaduz, Principality of Liechtenstein
  • Legal Form: Limited Liability Company
  • Signatories: Stonberg Stephen Rand, United Kingdom, Managing Director, with individual signature

https://kundmachungen.li/AktuellsteNeugr%C3%BCndungen/Details?nr=FL00026136688&Firma=Bittrex+DLT+Technologies+GmbH&ort=Vaduz&datum=17.06.2019

  • Bittrex DLT Technologies GmbH on June 17, 2019
  • Announcement: FL-0002.613.668-8
  • Address: Dr. Grass-Strasse 12, 9490 Vaduz, Principality of Liechtenstein
  • Legal Form: Limited Liability Company
  • Purpose: Software development, brokerage, and marketing of related products, Internet and consulting services, as well as trading and licensing of software products, are the core functions of the GmbH. The field of the company's operations also expands to dealing with commercial transactions of all kinds, management, acquisition and leveraging of assets and real estate, participation in other companies, patents and property rights related processes, as well as many more pursuits which the Board of Directors recognizes to be of interest for the company.
  • Authorized Signatories:
    1. Bittrex Europe Holdings LLC, shareholder, signature type not reported
    2. Bittrex International Inc., shareholder, signature type not reported
    3. Kawach Rami, United States, Managing Director, individual signature
    4. Richie Lai, United States, Managing Director, individual signature
    5. Shihara William, United States, Managing Director, individual signature
    6. Stonberg Rand Stephen, United Kingdom, Managing Director, individual signature

https://kundmachungen.li/AktuellsteNeugr%C3%BCndungen/Details?nr=FL00026137050&Firma=Bittrex+International+GmbH&ort=Vaduz&datum=17.06.2019

  • Bittrex International GmbH on June 17, 2019
  • Announcement: FL-0002.613.705-0
  • Address: Dr. Grass-Strasse 12, 9490 Vaduz, Principality of Liechtenstein
  • Phone: +423 237 90 09
  • Legal Form: Limited Liability Company
  • Purpose: Software development, brokerage, and marketing of related products, Internet and consulting services, as well as trading and licensing of software products, are the core functions of the GmbH. The field of the company's operations also expands to dealing with commercial transactions of all kinds, management, acquisition and leveraging of assets and real estate, participation in other companies, patents and property rights related processes, as well as many more pursuits which the Board of Directors recognizes to be of interest for the company.
  • Authorized Signatories:
    1. Bittrex Europe Holdings LLC, Shareholder, signature type not reported
    2. Bittrex International Inc., Shareholder, signature type not reported
    3. Kawach Rami, United States, Managing Director, individual signature
    4. Richie Lai, United States, Managing Director, individual signature
    5. Shihara William, United States, Managing Director, individual signature
    6. Stonberg Rand Stephen, United Kingdom, Managing Director, individual signature

Bittrex Global supports euro trading, deposits, and withdrawals for eligible individuals, entities, and corporate accounts. Bittrex enables withdrawals to bank accounts via international wire transfer or SEPA credit. The withdrawal features became available to the clients only as of the latest major successful development in March 2020.

Traded Pairs

CurrencyMarket
BitcoinEUR-BTC
Bitcoin SVEUR-BSV
EthereumEUR-ETH
TRONEUR-TRX

https://bittrex.zendesk.com/hc/en-us/articles/360001318332-Contact-Us

Bittrex Incorporated
800 5th Avenue
Ste. 4100
Seattle, WA 98104-3100

https://opencorporates.com/companies?page=1&q=BITTREX%2C+INC

Unlike many exchanges, Bittrex Inc. is licensed to work with US customers. The exchange supports personal and corporate accounts for US dollar (USD) trading, USD deposits, and USD withdrawals since September 2018. Individual or corporate customers who passed the KYC in one of the following US states/territories (or outside the US) are eligible to trade in the exchange.

US States/Territories

Alabama, Alaska, Arizona, Arkansas, California, Colorado, Delaware, Florida, Georgia, Indiana, Iowa, Idaho, Illinois, Kansas, Kentucky, Massachusetts, Maine, Maryland, Michigan, Missouri, Montana, Minnesota, Mississippi, New Hampshire, New Jersey, New Mexico, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Texas, Utah, Virginia, Washington State, Washington, D.C., Wisconsin, West Virginia, Wyoming.

https://bittrex.zendesk.com/hc/en-us/articles/360004441491-Fiat-US-Dollar-Trading-Deposits-and-Withdrawals

Traded Pairs

CurrencyMarket
BitcoinUSD-BTC
Bitcoin SVUSD-BSV
EthereumUSD-ETH
TetherUSD-USDT
TRONUSD-TRX
XRPUSD-XRP
Bitcoin Cash (ABC)USD-BCH
LitecoinUSD-LTC
ChainlinkUSD-LINK
TezosUSD-XTZ
WAXPUSD-WAXP
Hedera HashgraphUSD-HBAR
CardanoUSD-ADA
TrueUSDUSD-TUSD
0x ProtocolUSD-ZRX
DigiByteUSD-DGB
Ethereum ClassicUSD-ETC
Basic Attention TokenUSD-BAT
HorizenUSD-ZEN
EOSUSD-EOS
ZCashUSD-ZEC
DecredUSD-DCR
DashUSD-DASH
Paxos StandardUSD-PAX
RavenCoinUSD-RVN
SiacoinUSD-SC
DAIUSD-DAI
CosmosUSD-ATOM
KomodoUSD-KMD
Stably DollarUSD-USDS

Afterword

Bittrex Global is a reliable and advanced platform for trading digital assets with a respected reputation, long history, and active market presence and development nowadays. The exchange is eligible to be used globally, including the US and its territories.

The legal component of Bittrex Global is one of the most legitimate among numerous crypto-asset exchanges.

The Bittrex team has had great ambitions and managed to deliver promises and more. The exchange staff comprises forward-thinking and exceptional individuals whose success is recognized in the traditional business and blockchain sector.

Bittrex's purpose is to be the driving force in the blockchain revolution, expanding the application, importance, and accessibility of this game-changing technology worldwide.

The exchange fosters new and innovative blockchain and related projects that could potentially change the way money and assets are managed globally.

Alongside innovation, safety will always be the main priority of the company. The platform utilizes the most reliable and effective practices and available technologies to protect user accounts. Bittrex customers have always primarily been those who appreciate the highest degree of security.

Because of the way the Bittrex trading platform is designed, it can easily scale to always provide instant order execution for any number of new customers.

Bittrex supports algorithmic trading and empowers its customers with extensive APIs for more automated and profitable trading.

One of the common features which is not available on the exchange is margin trading. No leverage used however adds up to the exchange's stability and prevents fast money seekers and risky traders from entering the exchange.

Bittrex is a force of the blockchain revolution and an important entity of the emerging sector.

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