Bittrex is a US cryptocurrency exchange that started in December 2014. It can…
Bittrex is a US cryptocurrency exchange that started in December 2014. It can be considered an excellent exchange for beginners and traders looking for a solid, professional and secure platform on which to trade multiple cryptocurrencies
Pros
In my opinion Bittrex is the biggest and most famous Exchange in the world.
Professional and experienced team.
Efficient and fast customer service (some time ago there were many problems).
Good and prompt communications.
Technical trading platform.
It's possible to trade more than 250 cryptos.
Signing up with Bittrex is a pretty straightforward process, especially if all you’re looking to trade are cryptocurrency pairs (name, email address, date of birth, and phone number verification only). You can start trading using a basic verified account in under thirty minutes.
It accept fiat money.
Bittrex has faster withdrawal times and more reliable order execution than other competitors.
Security is Bittrex's strong point. It has in place an elastic, multistage wallet strategy that always keeps 80%–90% of funds safely offline. Meanwhile, on the customer side, two-factor authentication is a must for all withdrawals and API calls; if it’s not activated, a limit on withdrawals is enforced for customers without 2FA authentication.
Cons
Bittrex sometimes has periods of inactivity due to the large number of opening accounts requests (as other competitors).
Bittrex doesn’t yet support leverage and margin-trading and only spot trading is on offer for all the coin listings (The exchange is working on a new trading engine that will support margin trading and advanced order types soon).
Trading fees are slightly higher on Bittrex compared to the industry average.