Description of Bittrex
What Is Bittrex?
Bittrex is a global cryptocurrency exchange for active crypto enthusiasts and real-time trading. The platform provides users with a wide range of listed tokens, a sleek and user-friendly interface, a dedicated Android and iOS app, low fixed fees, referral programs, industry-leading security, advanced trading features, and multiple order types, with limit orders, stop orders, advanced charting tools, live order books among them.
Initially, the exchange was focused on crypto-to-crypto trading, and in 2022 the feature to support fiat currency was added, so fiat-to-crypto trading became available to users as well. Currently users can purchase digital coins with fiat currencies like USD and EUR.
The creators also made sure that novice users were not left behind and added educational content for industry beginners.
Who Are the Bittrex Founders?
Bittrex was established by cybersecurity engineers Bill Shihara, Richie Lai and Rami Kawach.
Richie Lai graduated from the University of Central Florida, where he studied Computer Science. Then got a job at Amazon, where he built a career for 12 years in the department of security engineering and internet crimes. After that, Lai worked for Amazon for seven years in Information Security Team and ran the global 24/7 security center. Currently, Lai is the CEO of Bittrex.
Bill Shihara studied at the University of Southern California. He started his career at Microsoft, then served as the Manager of Security Threat Analysis/Security Engineering at Blackberry. Before co-founding BitMEX, he was a Security Engineering Manager at Amazon.
Rami Kawach served as a Principal Security Engineer at Amazon. He managed security issues. On top of that, Kawach worked as the Director of Engineering at Qualys. For ten years he also led multiple projects at Microsoft.
When Did Bittrex Launch?
The project was founded in 2012 and launched in February 2014.
Where Is Bittrex Located?
The US-based crypto exchange is located in Seattle.
Bittrex Restricted Countries
Bittrex is available to traders and investors from all over the world, except for residents of North Korea, Iran, Syria, Cuba and Crimea. In addition, not all 50 states of America have access to the platform's services.
What Coins Are Supported on Bittrex?
Bittrex supports 400+ popular or lesser-known coins and over 280 unique trading pairs. A diverse range of digital assets includes cryptocurrencies like BTC, ETH, BCH, ADA, LINK, DOGE, DOT, MATIC, LTC, XRP, XLM, USDT, USDC, ATOM and more.
How Much Are Bittrex Fees?
The exchange applies a Maker-Taker fee structure for transparent user costs. Trading fees on the platform start at 0.35%. Bittrex gives volume discounts based on previous 30-day trading volume.
Is It Possible To Use Leverage or Margin Trading on Bittrex?
Bittrex does not offer margin trading.