Review on Bittrex by Saloote Sakai
bittrex exchange
Bittrex is one of the oldest cryptocurrency exchanges that still has a reputation. Bittrex is founded in 2014, while binance opened in 2017. So it is one of the pioneers among cryptocurrencies.
The most important goal of building this exchange was actually security, because according to my study of hacking exchanges in the years before the opening of bittrex, I realized that security was one of the problems that people could not easily trade in cryptos. Because forex and other financial markets were better options for trading because of the formality of the markets, as well as a much longer history than cryptocurrencies, people did not want to trade in cryptos for fear of being hacked.
And bittrex was able to achieve its goal and really make a big difference in the security of user accounts. Of course, in recent years, due to the arrival of many exchanges with high security, the options between choosing the right exchange have increased and bittrex is no longer the only secure exchange.
The volume of bittrex trades in the last 24 hours has been about $ 86 million (I have included a screenshot of it in the photo below the review) while the volume of binance trades in the last 24 hours has been about $ 14 billion.
Pros
- Very high security so that we can keep our wallets in exchange's wallet
- Good website and server speed
Cons
- To overtake its competitors, it must offer new features that it does not seem to have pursued
