Bittrex is an online digital currencies exchange platform that was founded in 2014. Its headquarters is based in Seattle Washington USA. The platform is among the top crypto to crypto trading platforms that offer traders over 100 crypto-crypto trading pairs. It provides a wide range of ewallets to supports trading in the variety of digital currencies.
Wide range digital currencies
Top notch security measures
Easy to use platform
Fast processing of transactions
Cumbersome verification process for enhanced account
Slow customer support response
Limited payment methods
0nly one acceptable fiat currency
increased cases of forcibly closed accounts
Bittrex allows trading in a range of digital currencies including Bitcoin, Ethereum, Bitcoin Cash, NEO, OmiseGo, Dash, Nexium, Siacoin, Neucoin, Litecoin, Nextcoin and Zcash among others. The exchange supports for cryptocurrency to cryptocurrency trading as well as cryptocurrency to US dollar trading.
Bittrex mainly caters to US traders. However, it has opened up to trading in other countries in the world. Due to different state regulations on cryptocurrency trading, it is restricted in some countries and only accessible in 29 states.
The exchange avails three main types of accounts: Unverified, Basic and Enhance. Higher levels of verification are required to obtain enhanced accounts in comparison to unverified and basic accounts. Once verified for the enhanced account, users will have greater freedom to make deposits, withdrawals and transact on the platform without the need for further verification.
The company does not accept credit cards, debit cards or other payment options. Until recently, wire transfers were the main transaction method for only accessible to enhanced account holders but have since been closed. The primary payment method is via the ewallet. The company is expected to launch dollar-denominated debit and credit deposits soon.
Bittrex has put in place top-notch security measures such as 2-factor authentication and stringent verification procedures for enhanced accounts. Up to 90% of customer funds are held offline for optimal security.