Review on Bittrex by Deniz Babacic
Bittrex the safest exchange
Bittrex Inc. was established in 2014 and is based in Seattle, Washington State. It is a small to mid-sized exchange based on their 24 hour trading volume of over $46m. This places them at number 40 in the exchange rankings.
Bittrex was founded by four cyber-security experts. They are Bill Shihara (CEO), Richie Lai (CIO) and Rami Kawach (CTO). They all have similar backgrounds having worked in network security in companies such as Amazon, Blackberry and Microsoft.
While Bittrex Inc. is a US based company, they have recently expanded their operations with an international arm. This is based in Malta and is officially called Bittrex Malta.
Pros
- Security features. Bittrex follows industry best practices such as keeping the majority of user funds in cold storage.
Cons
- Verification process. Verification is required for trading on Bittrex Global.
