Review on Bittrex by Francisco Varela
Bittrex
BitTrex. A popular digital asset trading service. Bittrex is one of the larger crypto to crypto exchanges offerign a large number of trading pairs into bitcoin - including all the major cryptos such as darkcoin, nextcoin and litecoin. They also offer NeuCoin and Ethereum. Based in Seattle, Washington, the company was founded in 2013 by Bill Shihara and two business partners, who previously worked as security professionals at Microsoft.
Pros
- Bittrex does not charge fees for deposits. Please note that some tokens or currencies require your funds to be moved to another address before crediting.
- Bittrex is a secure exchange for trading.
Cons
- To withdraw each token or coin has a built-in network transfer fee, and they charge a small amount to cover this fee.
- Bittrex recently announced that they will be closing operations for New York State residents because the New York Department of Financial Services (NYDFS) denied Bittrex its Bitlicense.
