Review on Bittrex by Ayu Anggraini
Neutral opinion about BITTREX
So i have been using bittrex for several years. Since i was involved in crypto 2014 , and the exchange speed, stability was great and made me impressed. I was amazed by how real traders and real volume truly exist on this exchange. Before the new ATH of Ethereum, i saw huge buy order in buy wall. Thought it was fake and bot. But then i watched the trader really filled this huge bid for few days until its all gone. I saw the same with DOGE, it was huge bid and accumulation and its real volume. Not long after that , in about 1 month DOGE reached 4 times than its price. The whales exist in bittrex. Then bittrex make some adjustment about orders to avoid manipulation from whales which is great since many manipulation going on in bittrex like fake buy wall and sell wall to trap litle investor to sell or buy their coins.
I can say volume is real and decent.Problem started when this exchange start to ban my friend account without prior notice and no solution. They didnt answer the ticket for weeks and the KYC still not approved so my friend cant withdraw the money. This condition happened until almost a month. And his funds still there in his banned account. So my advise for new comers do your KYC before use and deposit any money and do not use public wifi, just use 1 IP adress to avoid such accident.
Pros
- Great speed and stability
- Has never been hacked since 2013
- Real volume and always delist pump and dump coins
- Allow deposit and withdraw directly to or from Bank account
- Has its own API and allow API trades
- Great regulation for fake buy/sell wall or whales manipulation
Cons
- Poor customer support
- Banning, Suspend user account without prior notice
- High fee for trading
- No futures trading
