Review on Bittrex by The hsotaka
My review about Bittrex Global Exchange
Today i want to share my experience with Bittrex Global Exchange.
History:
Like the name reveals, Bittrex Global is an exchange which is available in almost every country.
It is one of the oldest exchanges out there, it was founded in 2013, headquartered in Seattle, Washington.
Trading:
It is an Crypto/Fiat exchange, so you can deposit fiat money on this exchange and trade fiat pairs like EUR or USD. Of course they also offer cryptp/crypto trading and crypto/stablecoin trading, like USDT.
The number of supported tokens is huge! They are offering more than 300 trading pairs on their exchange.
Trading Fees:
The trading fees depend on your trading volume:
$0 - 50K: Maker 0,20% Taker 0,20%
$50K - 1M: Maker 0,12% Taker 0,18%
$1M - 10M: Maker 0,05% Taker 0,15%
$10M - 60M: Maker 0,02% Taker 0,10%
$50M+: Maker 0,00% Taker 0,08%
Until 30th April 2020, all EUR trading pairs will incur 0% trading fees!
API
Like most other exchange, they are also offering an high quality API. They implemented a Websocket API and a REST API.
Security:
Bittrex claims that they are always using the most reliable, effective security technologies available. According to their website, the majority (not 100%!) of funds are kept in a cold wallet.
Conclusion:
In my opinion, bittrex delevoped to a really good exchange which
now adhere to most of the regulations of the countries.
Trading fees are a bit high.
To ensure fast withdrawals, the do not keep 100% of their funds in cold storage. This can make them vulnerable to hacks.
Some other exchanges are ahead on this point.
Nevertheless they are a good choice if you are searching for a reliable trading environment with a big number of supported coins and tokens.
I hope you enjoyed my review and it was helpful.
Pros
- Huge amount of supported tokens
- Acceptable API.
- Crypto/Fiat trading.
- Good Security.
Cons
- No 100% cold wallet for funds.
- Trading fees are a higher than on other exchanges.
New products
Comments (9)
November 08, 2020
More than 190 different cryptocurrencies are listed for trading on Bittrex. The site also offers 284 unique trading pairs. Trading pairs are the two currencies for which an exchange rate is being offered.
October 17, 2020
It is an Crypto/Fiat exchange, so you can deposit fiat money on this exchange and trade fiat pairs like EUR or USD. Of course they also offer cryptp/crypto trading and crypto/stablecoin trading, like USDT.The number of supported tokens is huge! They are offering more than 300 trading pairs on their exchange. thankls for this part dude
October 16, 2020
Searching for a reliable and simple trading network has now become difficult. But in this article, you would solve the questions in my mind with a good expression. I think this article has been one of the most inspiring articles in my life. Thank you.
August 14, 2020
To ensure fast withdrawals, the do not keep 100% of their funds in cold storage. This can make them vulnerable to hacks.... Nevertheless they are a good choice if you are searching for a reliable trading environment with a big number of supported coins and tokens.
July 04, 2020
Good exchange, maximum security of the funds on it, the platform is very optimized, deposits and withdrawals are quite fast and it keeps a large number of merchants in the exchange.
