1 Level
40 Review
24 Karma
Review on Bittrex by Aniruddh Ravel
BITTREX
Bittrex is a digital money exchange that specializes in crypto-to-crypto trade using different altcoins, BTC included. The coin value is benchmarked against either cryptos or fiat currencies (USD) for accurate trade planning, as shown below.
Trade functions that you can use to swap currencies around are a limit and conditional tools. These functions help you specify the price you wish to get and limit values on which you have an acceptable loss.
Changelly and itBit both do not have any of these functions and are engaged in direct purchase/swap activities. Thus, we consider margin trading at Bittrex adequate for you to use when dealing with many currencies.
Service is available globally and for most regions, basic verification is required only.
Pros
- possibility to trade without providing scanned ID
- very narrow exchange rate spread on many coins
- service is globally available
- a large number of cryptocurrencies (over 200 of them)
- several security options like 2FA, email notifications, IP and withdrawal whitelists
Cons
- some countries need to complete enhanced verification of identity documents
- Most of ieo went fails and investors faces huge loss
