Review on Bittrex by Stephen Toluwani
Bittrex has one of the best security system for an exchange
The Bittrex Exchange is one of the world's oldest and still surviving exchange today. For an exchange to survive 6 years of activity without Security breach or a hack reported indicates it's tight security measures and has been a great edge for this exchange. With a massive trading volume and support for over 300 altcoins, the exchange is a hot trading zone for many crypto traders as liquidity isn't insufficient on many of its pairs. The exchange has its mobile app available to both Android and iOS devices so can be accessed anywhere and anytime. The exchange takes a step further by supporting fiat for crypto exchange which many exchanges don't
It's downsides are found in it's trade fees which is a flat 0.2% for both market makers and the market takers. Although this trade fee is reduced as a traders 30 day trade volume increases. KYC is made compulsory on this exchange to make use of its services. It's support team is a whacky one and really needs to be worked on. Other than it's downsides, Bittrex is a good exchange for any traders which is why it's recommended
Pros
- Currently one of the biggest exchanges in in terms of its 24 hour trading volume of 41 million dollars
- Over 300 Crypto coins are supported on the Bittrex Exchange
- Bittrex Exchange supports Fiat for Crypto trading as EUR & USD are listed on this exchange
- There is a mobile trading app for this exchange
- No withdrawal fees are charged by this exchange as withdrawal fees are charged by the miners as Network transfer fees
Cons
- High Trade fees of 0.2% for both market makers and takers
- Support team needs revitalizing
- KYC verification is made compulsory on this exchange
