Bittrex, is a Cryptocurrency Exchange that operates in the United States since 2014 and has become one of the world’s most popular Altcoin Market for traders.
”If you’re looking for a platform that specializes in alternative Cryptocurrencies, then Bittrex should be on top of your List of exchanges to trade on”
While it’s based and fully regulated in the USA, it has managed to attract clients from around the World resulting in Bittrex becoming a powerhouse in terms of trade volume, making this Exchange one that boasts some of the highest liquidity for popular Crypto Trading pairs
As of 2017, Bittrex has become a more popular choice among traders when compared to Poloniex when it comes to trading alternative Cryptocurrencies. attracting more clients as more Altcoin are traded on this exchange.
Developed by a team of 3 highly successful computer scientists, all currently employed at major companies. The team behind Bittrex consists of a group of Crypto enthusiasts bringing more than 50 years of combined security and development experience to the trading community from companies, including Qualys and BlackBerry. The founders of Bittrex are Bill Shihara (Co-founder & CEO), Richie Lei, Rami Kawach and Ryan Hentz, have worked for large corporations like Amazon and Microsoft. This Blockchain Exchange is backed by a serious team of security and development professionals.
The set trading fee at Bittrex is 0.25% on each buy or sell order, which is slightly above average when compared to most of the popular Exchanges. When it comes to Withdrawal, Bittrex seem to have reasonable commission, if not charging only the typical network fee imposed by the Blockchain Protocol, this makes it much more Altcoin friendly compared to Liquid.io and HitBtc
For maintaining security, Bittrex uses multi-stage wallet plan to ensure that 70-90% of the currency can be kept offline. Bittrex prevents any security breach by following strict authentications and high-end technology, featuring a custom trading engine that relies on elastic computing technology (a Trading engine that supports instant transactions). Continues updates have made Bittrex a more secure Exchange over time, indicating growing interests in securing customer Funds
Known for it’s speed, traders can expect to execute Trades without delay, however it does take some time to get the hang off The fact that Bittrex offers it’s users over hundreds of cryptocurrency trading pairs in Bitcoin & Ethereum , make it one of the most popular Altcoin Hubs. While Bittrex does not offer fiat trading pairs such as the USD, EUR or YEN they do offer USDT, that makes this exchange ideal market for those interested to trade their Bitcoin to a more popular Altcoin.
Whether you are new to trading and cryptocurrencies, or a veteran to both, this Altcoin Exchange was created for you! Bittrex is the go-to spot for traders who demand lightning-fast trade execution, stable wallets, and industry-best security practices.
Even though you don’t buy Bitcoin using Bittrex with Fiat, you’ll still end up trading on it due to a variety of Altcoin offered and liquidity backing popular pairs. Since Bittrex recorded higher trade volume than Poloniex, it has since been the go-to Exchange to trade Altcoins
It’s recommend to get ”verified” on Bittrex as there has been reports of Bittrex reaching out to it’s Customer regarding KYC, while they are generally known to have slow customer support.
When compared to Poloniex, Bittrex seems to be more user-friendly and you’ll find that speed of transaction such Deposit/Withdrawal take less time to be credited to the Account. Poloniex used to record higher trade volume, but Bittrex is leading the way now and is also recognized as third largest Exchange as of June 2017
The fact that Bittrex supports both new and established crypto-currencies, giving you with an ever-growing collection of trading and capitalizing opportunities
Official Link: www.Bittrex.com
Bittrex Exchange is the largest Market for most of the popular Altcoins, offering liquidity while providing high-end Security
- High-End Security
- High Liquidity
- Support's popular Altcoins
- Does not offer Fiat Trading pairs
- Long Verification Procedure