1 Level
41 Review
50 Karma
Review on Bittrex by Arun Kaul
Bittrex Exchange Review
Overall, Bittrex isn’t a bad exchange. It’s easy to get started and verified, and the site makes buying and trading straightforward.
Depositing and withdrawing take a little time to figure out, and if you’re not familiar with trading the site can be a little intimidating.
The Bittrex exchange is a good place for novice altcoin traders. If you haven’t yet clearly set your trading expectations or don’t need leverage trading, this is a great platform to get started.
Bittrex offers a fair amount of liquidity without a huge amount of inherent risks. The altcoin liquidity is comparable to other exchanges, and as Bittrex continues to grow and expand, this trend will only continue.
If you are a more seasoned day trader, Bittrex may not be as useful. It does not offer margin trading, has higher fees than other exchanges, and offers limited liquidity by comparison.
On the other hand, if you’re a long-term investor, Bittrex isn’t a bad option. The exchange offers strong security and is a great competitor in an expanding market.
Pros
- Bittrex provide great security to its users.
- Registration process is very Easy and Fast
- Completely compliant and fully regulated in the U.S.
- Supports more than 200 cryptocurrencies with many trading pairs.
Cons
- Margin trading is still not available in Bittrex.
- No mobile application
- Slow customer support
- No fiat currencies supported for deposits (unless above $10,000 USD)
