Bittrex is one of the older crypto to crypto exchanges and is based in the Seattle, United States. Bittrex’s largest competitor is Binance (review). They both feature a large variety of cryptocurrency and trading pairs.
Bittrex grew so fast in 2017 that it shut down it signup’s for months. Currently, Bittrex is slowly allowing new users to join there exchange through a waitlist. If you want to trade now, and the coin you want is on Binance, try making an account there.
Bittrex Fee Structure
Bittrex Withdrawl and Deposit Fees
Bittrex charges reasonable withdrawal fees, but the fees are certainly higher than a normal transaction would be. Currently, Bittrex has the following withdrawal fees:
- .0005 Bitcoin (BTC)
- .006 Ethereum (ETH)
- 1 Ripple (XRP)
- .001 Stellar Lumens (XLM)
- .01 Litecoin (LTC)
Withdrawl fees are annoying, but Bittrex is a business and has to profit somehow. If you are trying to move funds from exchange to exchange, consider converting all currency to XLM before sending.
Bittrex Trading Pairs
Bittrex has a large selection (almost 200) of cryptocurrencies and altcoins. There are 3 main trading pairs used on Bittrex. They have Bitcoin (BTC) markets, Ethereum (ETH) markets, and Tether (USDT) markets.
Bittrex Trading Volume
At the time of this writing, Bittrex has around 27 thousand BTC in total daily trading volume. This is definitely lower than it was in December/January as cryptocurrency markets have been cooling down.
Bittrex on Airdrops and Hardforks
Bittrex has supported several airdrops in the past (Zclassic/Bitcoin Private and NXT/IGNIS) and hard forks (Bitcoin Gold and Bitcoin Cash). On the other hand, they have also not supported others such as (Monero/Monero Classic and Ethereum Classic Callisto). Bittrex claims the reason why these forks were not supported are due to the dev teams not contacting them early enough.
Bittrex CEO and Team
Bittrex Customer Support
Bittrex’s security is very strong, considering there haven’t been any major hacks or outages. Bittrex allows its users to set up 2-factor authentication to add an extra level of security to their accounts.
Bittrex allows its users to access a simple and powerful API (Application Programming Interface) that allows them to programmatically perform almost all actions available web interface. Trading bots and other tools can be used to interact with Bittrex and its data.
Bittrex is easily one of the best altcoin exchanges. Unfortunately, their signups are down, and they are slowly letting users through with their waitlist. They have announced a complete visual upgrade to their site as their current layout is simple but outdated. 99% of users will not have any customer support or security issues with their account.