Review on Bittrex by Benaiah A. Akinlade
Bittrex Exchange Rating Analysis and Review
Bittrex is regarded as one of the oldest cryptocurrency exchanges in operation. Bittrex's main product offering is its spot trading platform. The Bittrex team is not well-known to the public because most if its members prefer to not publicly interact over social media
Before a user can trade on Bittrex, the user has to pass verification which consists of uploading a picture of an identity document and provision of basic personal information. Bittrex is currently facing a transition
As of now, Bittrex does not have any limits placed on the amount of US Dollars $ that can be withdrawn. The amount that can be withdrawn is dependent on the status of your account as a user.
If the account is with a verified identity, but doesn’t have 2FA enabled, the daily withdrawal limit will be 1btc which is currently $11,700.00. But if the account is verified and have 2FA enabled, then the daily limit will be 100btc ($1,170,000.00)
Conclusively, Bittrex can be seen as an excellent exchange for trading beginners and the ones looking for a solid and secure platform on which they can trade multiple crypto
Pros
Bittrex affords its users a lot of ways to protect their accounts such as:
-Whitelisting IP addresses and withdrawal addresses
-A waiting period before letting attackers withdraw funds
-2FA security measures
-It has a good reputation for trading
-It is good for traders who are not bothered with its limited features and its high trading fee
-fiat to crypto trading
-Fast withdrawal times
-Very high limits
Cons
-Bittrex does not have fascinating features
-There are no margin trading
-There are no special promotions
-There is no lending platform
-lack of customer support
-freezing of accounts
-Intrusive verification
-No leveraged trading
Pros
- Whitelisting IP addresses and withdrawal addresses
- A waiting period before letting attackers withdraw funds
- 2FA security measures
- It has a good reputation for trading
- It is good for traders who are not bothered with its limited features and its high trading fee
- fiat to crypto trading
- Fast withdrawal times
- Very high limits
Cons
- Bittrex does not have fascinating features
- There are no margin trading
- There are no special promotions
- There is no lending platform
- lack of customer support
- freezing of accounts
- Intrusive verification
- No leveraged trading
