Bittrex Cryptocurrency Exchange Review

Security and Funds:

The main reason we are praising Bittrex apart from some other exchanges is for there exceptional security measure. In crypto currencies market security risk is a huge issue and it’s really good to know some companies taking it as a serious responsibility. Bittrex ensure its client that their fund is completely secure and no hacker can get in and steal their funds.

Bittrex not only provide exceptional measure of security for its customer’s account but also thoroughly vets new altcoins source code before adding it to ensure a reliable market. This vetting process is quite hard to perform as from the beginning of altcoin market the pump-and-dump scheme very hard to detect and some of those scamcoins still get through the verification process now and then. Even Though, bittrex is doing what-ever they can to improve the quality of exchange.

Trading:

As obvious, for trading we have to use cryptocurrency, after all it’s a crypto coin exchange. At the time writing this article Bittrex allow trade for almost 190 digital assets. There are three types of market at Bittrex, Bitcoin, Ethoriam and USDT. Each market assets are varying from one another and the most lucrative assets obviously reside in Bitcoin market.

Initial Deposit:

There is no minimum deposit or anything to initiate an account. In a simple term, Bittrex accounts are completely free.

Fees:

Even though they don’t charge during account creation but the do charge for each of your altcoin  exchange. The trading fee at Biitrex is 0.25%.

Payment Method:

You can only do payments to and from Bittrex by crypto currencies. Bettrix support wide range of altcoin wallet, but make sure during transfer your are using the precise wallet. Sometime by mistake many users deposit alt coin to a wrong wallet like for say you want to deposit bitcoin but somehow you user your Ripple wallet for that. Bettrix customer care will provide necessary help but in my experience their customer support is a bit slow.

Conclusion:

Bittrex is one of the most popular and largest crypto currency exchanges. Main advantage of Bittrex over the other exchanges is the availability of multiple alternative coins. Only thing it lacks is the acceptance of fiat money. After do a successful trade if anyone want to cashout his/her profit in real money they have to transfer it to other exchanges like kraken or Coinbase. Overall Bittrex is a top-contender if you are looking to trade more exotic alternative coins.