There has been a slew of exchange services that allow users to convert one cryptocurrency, such as Bitcoin, into another cryptocurrency, known as an altcoin. You must first grasp these exchanges’ ratings before entrusting the security of your valuables to them.

Bittrex, with a 24-hour trading volume of $71,255,899.29, is one of the most prominent exchanges, ranking among the top 30 according to coinmarketcap.

This article will go over this exchange in detail, including a look at its platform and other features. Let’s take a closer look at this comprehensive examination right now.

What is Bittrex

In 2014, it was first introduced. Bittrex is a US-based corporation with its headquarters in the Principality of Liechtenstein, near the financial center of Zurich.

Bill Shihara, Richie Lai, and Rami Kawach are the company’s founders. Stephen Stonberg is the company’s current CEO.

Bittrex is a centralized cryptocurrency exchange that allows you to buy, sell, and trade 487 different coins. For its users, the exchange offers a variety of order types, trading pairings, minimal costs, and high security.

Bittrex stands out as a full-featured spot trading platform. It is regulated by Liechtenstein’s Office of Economic Affairs and the Liechtenstein Financial Market Authority.

Is Bittrex safe and secure

Yes, Bittrex is a secure and safe platform. It has a set of standard security rules that users must observe. The majority of the funds held by users are kept in cold storage. Two-factor authentication (also known as 2FA) adds an extra layer of security to your account.

A 6-digit verification code is required for depositing, withdrawing, and trading.

Other security features include email confirmation of a new IP address, whitelisting crypto withdrawals, and cross-chain recovery service.

Apart from that, Bittrex provides many recommendations on how to keep your account safe.

Bittrex features

Here are some features:

Leveraged tokens

Leveraged tokens are ERC20 assets that provide consumers with instant access to cryptocurrency markets rather than requiring them to own leveraged futures. Each leveraged token is set up to react to the movement of the coin it is tied to. For example, BULL is +3x whereas BEAR is -3x. This means that for every 1% increase in BTC, BULL will increase by 3% and BEAR will decrease by 3%.

Bittrex trading 

With the addition of trading view charts and the ability to convert between dark and light modes, trading has never been easier. Corporate account holders are allowed to have several accounts.

Extensive API’s

For safe and secure trading, users can create an API key. This protects the privacy of your trading funds. Bittrex will provide you with an API key and a secret key. Because the secret key will only be shown once, make a mental note of it.

Order types 

Limit, market, ceiling, post-only, Good-till-canceled, Fill or kill, Immediate or Cancel, ladder limit, and one cancels the other are all options available on Bittrex.

Referral programs

Users can generate a referral code that they can share with friends and on social media. For every trade produced by the individual utilizing the code, a referee might earn 10% of the total commission.

Bittrex fees and limits

Registration and deposits are both free on Bittrex. All transactions are charged a flat 0.25 percent fee. Withdrawal costs are calculated based on the number of cryptocurrencies used.

The trading cost is based on your trading volume over the previous 30 days; the more you trade, the less you pay. The maker and taker fees might be as low as 0.00% and 0.05%, respectively. The maintenance charge for leveraged tokens is 0.03 percent.

How to register on Bittrex and complete your KYC

• Go to Bittrex’s official website. To sign up, go to the signup page.
• Select between a personal and a business account.
• Create a password and enter your email address.
• Enter a code for a referral (Optional). Select ‘new account’ from the dropdown menu.
• Go to your inbox and click the link that was emailed to you.
• Accept the terms and conditions of service. Continue by pressing the ‘Continue’ button.
• Fill out the basic profile information and then click ‘Continue.’
• To verify your identification, go to ‘See Acceptable IDs For Your Country.’
• Select the country and type of identification (passport, driver’s license, or identity card).
• Tap ‘Confirm’ after uploading your ID.
• Take a selfie and wait for the verification process to finish.

Final thoughts

Bittrex offers a user-friendly layout that makes it suitable for beginners as well as seasoned traders. Bittrex is accessible to all types of traders thanks to its solid security features and wide range of coins.

The security is excellent, and the verification process is well-organized, making it tough to hack. The ideal exchange to choose focuses on customer service and frozen accounts.