Review on Bittrex by francis fernandez
Bittrex
Like most crypto currency exchange platforms; Bittrex's premise is to offer a next-generation application with the promise of providing security and reliability to its users.
The origins of Bittrex date back to 2013 in the United States at the hands of Bill Shiara and other experts in cryptography and computing. Currently, it is based in Seattle in that same country.
Its operation is similar to the other exchange platforms; offering storage services for crypto assets and funds transfers. Its main advantage is that it makes more than 190,000 coins available to its users to carry out exchanges.
On Bittrex you can trade currencies in three markets: Bitcoin, Ethereum and USDT. This allows you to buy and sell cryptocurrencies (trade) using for example Ethereum to buy Litcoin.
One of the most important things that the user must consider when selecting an exchange; is the account verification system it offers. In this sense, Bittrex offers two types of verification:
-Basic verification: It is recommended for beginner users in traders. It consists of adding personal data; which are validated in a public registry. If it is not possible to verify this way, the following option (ENHANCE) will be used. The limit for exchanges in this type is 1 BTC.
-ENHANCE Verification: It is recommended for users who need to have more money; allowing you to withdraw up to 100 BTC daily. This option requires adding two photos. One is the passport and the other is a selfie. It consists of selecting "setting" in the upper menu to be able to view the two types of account in the menu on the left in the application.
The Bittrex application is structured in several sections:
Bittrex: Used to log out of the account
Markets: Reflects the history of operations.
Lab: Option still in development
Orders: Offers a list of sales and purchase operations.
Wallets: Allows you to store coins.
Setting:
Help: Policies, conditions and support are displayed.
Logout: Used to log out of the account
Pros
- The Bittrex platform is available for Android and IOS.
- Allows you to trade with three different currency markets.
- Offers an acceptable amount of coins (190,000).
- Its security profile allows two types of verifications tailored to the user's profile.
- The trading platform has a very easy to manipulate interface
Cons
- Bittrex does not have a Spanish version; their platform is only available in English.
- Not available in computer version
- The exchange is only limited to Bitcoin, Ethereum and USDT (dollars).
- The limit of exchanges for the initiating users in the traders is very low, only 1 BTC.
