Review on Bittrex by ismail karasahin
My Bittrex Exchange Review
Bittrex exchange was established in 2013 and is one of the oldest and authority exchanges among these crypto exchanges.
Approximately 350-400 tokens are listed and the transaction volume of many is quite high.
The fact that it has introduced the ID verification requirement for low volume trades a while ago has limited many people. However, in a way, it has gained the trust of many people in terms of security.
0.20% maker and 0.20% taker transaction fees in low volumes between 0-50.000 $ are also competitive and acceptable.
It was also good news for many users to open USD trading.
As a result, it is an easy-to-use and usable exchange with a high trading volume and token variety.
Updated 4 years ago
Rating changed from 5 to 4
In 2016, my entire balance on my bittrex account was stolen, after that I stopped using it. However, it is an exchange that has tightened and strengthened its security measures in the last few years.
An exchange that has the capacity to be among the top 3 most voluminous exchanges, but the biggest obstacle to this is being unable to trade without mandatory KYC approval.
It really has a lot of trading pairs to trade, which makes it preferable. It can be annoying at times as a lot of confirmation is required on the deposit part, and the deposit time gets longer.
It offers the opportunity to trade directly with fiat currency pairs such as USD, which is nice but fiat currency pairs can be further increased.
As for the support department, they don't help much lately, they usually give more general answers rather than personally, which makes people a bit cooler.
However, I can say that it is a very nice and useful exchange, except for 1-2 problems such as support and mandatory KYC.
Pros
- A high volume stock market
- There are about 380 altcoins
- 2FA verification and authentication (high security)
- An old and trustworthy stock market
Cons
- ID verification required problem (low trades)
