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853.5 Karma

Review on Bittrex by Praise Olagbadun

Revainrating 4 out of 5

My Review On Bitterex

that has experienced a steady increase in it's popularity in recent years. This exchange platform which was established in the year 2013 has its headquarters in Seattle, Washington. It was founded by a team of cyber security engineers by name: Bill Shihara, Richie Lai and Rami Kawach who had gained working experience in Microsoft
This veteran US exchange platform has put emphasis on the security of it's users as it sees security as a priority in investments and has made it possible by employing the most reliable and competent available technologies in preserving it's users investments. It also keeps about 80%-90% of their funds offline thereby protecting it's users from hackers and has never been hacked ever since it's existence in the year 2013.
Deposits and withdrawals are made possible through wire only and the platform has over 400 available altcoins like Bitcoin and local currencies like USD. Although the trading fee on Bitterex is slightly high, about 0.25%, they offer discount for large orders which I find compensating for its high transaction fee. For example, any trading above $50,000 worth of crypto in a month will enjoy a lower transaction fee of 0
Bitterex has it's services available in countries like North Korea, Iran, Syria and Cuba. I also find something abnormal about this exchange platform, the fact that the platform has no customer service support and I think should be seriously worked



Pros
  • The registration is fast and easy
  • Allows fiat to crypto trading
  • The withdrawal process is fast and stressless
  • The platform has its application available on Android and iOS operating systems
  • Has numerous altcoins
  • Withdrawal fee is reduced for higher transactions
Cons
  • The trading fee is exuberant
  • Supports only English Language
  • Supports only wired transfer
  • Lacks customer service

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