Bittrex Review 2025: Social Trading, Fees, Pros & Cons

Bittrex Review 2025: Social Trading, Fees, Pros & Cons

Bittrex is considered to be one of the world’s leading cryptocurrency exchanges. Traders have access to a 24 hour market volume of $0, 1 coins and 1 pairs. To compete in the derivatives market, Bittrex provides tokenized assets that users can trade with a 3x leverage. However, this offer does not put Bittrex in the rank of crypto trading platforms like FTX, etc., because its 3x leverage is pretty low, and it also has limited trading options. It’s also worth noting that Bittrex has a set of unique APIs, enabling users to set up automated trading bots for convenience. All of these features, coupled with the uncomplicated interface and the easy-to-use mobile app, make Bittrex an excellent option for beginners.

Open an Account

Bittrex global has educational tools available for newbies through its help center and Medium channel. The structure of the help center makes it easy for beginners to get started and trade cryptocurrencies on the platform. It offers almost the basic and advanced features and products obtainable in the web app. It adopts an advanced TradingView charting system with a well-defined and timely crypto price chart.

Bittrex Review: Customer Support

But, to get free trades you need to be trading $100 million or more every 30 days, which is a little out of the question for beginners to crypto trading. This feature allows you to set IP addresses that are allowed to access your account. So, by setting a withdrawal whitelist, you can hand pick the accounts that you can withdraw to. Another great security feature that’s heavily bittrex review underused is withdrawal whitelist. There are also bundles of security options that you can take advantage of to secure your account.

Customer Satisfaction

• Following its history of no-hack and commendable trading UI, the platform is worthy of being among the top exchanges.
• Customer support is a crucial aspect to consider when choosing a cryptocurrency exchange, as traders often rely on responsive assistance to resolve issues.
• This information is required for identity verification, which is crucial for fully activating your account.
• You can use the search bar to find the cryptocurrency you wish to deposit.
• For example, there was this reddit post where most users confirmed the really quick verifications.
• Bittrex promotes itself as one of the most secure cryptocurrency exchanges in the industry and undoubtedly lives up to its hype.

While Bittrex offers a well-designed platform and a plethora of trading pairs, its positives are offset by the lack of features and high costs. As such, while Bittrex is a reasonable spot exchange, better international and US cryptocurrency exchanges are available. While Kraken has lower trading fees (especially for market makers), Bittrex has free fiat deposits and withdrawals. Of course, this depends what sort of currency you would like to fund with as Kraken has GBP and CAD trading pairs as well.

Positive Feedback

What’s more surprising is that it’s yet to be hacked, which is more than can be said for certain younger exchanges. Before you dive in and create an account at Bittrex, you might want to know the pros and cons. Once you’re ready to sell, fill in the sell form with the amount you wish to sell, pick market order, and hit sell.

Bittrex deposit and withdrawal fees

The founders have built a platform that both new traders and experts can rely on without worrying about hackers. Another advantage the company offers is lightning-fast trading speeds. The company employs elastic computing technology, enabling trades to process instantly.

• While support options lack phone, Bittrex does offer a relatively useful help center where users can get answers to common questions.
• If you’re happy with this, then you can hit next and it’ll ask you to pop in your card details, if you don’t have a card linked to your account.
• The crypto exchange has two platforms called Bittrex and Bittrex Global which are available to customers in the USA and internationally.
• For beginners, it’s easier to start by trading with well-known coins.
• As long as their referral code is used to create the account, traders will earn 10% on all commissions they spend.
• Users can benefit from relatively low fees, multiple order types, and a range of security features to help keep their funds safe.

The cons of trading cryptocurrency on Bittrex:

Bittrex’s offering of tokenized stocks combines the benefits of cryptocurrency trading with the stability of established companies, providing a unique investment opportunity. Bittrex excels in the cryptocurrency exchange landscape with its diverse coin coverage and multiple trading markets. With over 220 coins available in its BTC market, a variety of fiat pairings, and easy conversion from fiat to altcoins, Bittrex caters to a wide range of trading preferences. Additionally, Bittrex has introduced various fiat funding options, enabling users to convert fiat currency into a range of altcoins.

This information is required for identity verification, which is crucial for fully activating your account. A key aspect of Bittrex’s credibility is its active collaboration with U.S. regulatory authorities. To file a complaint, you will have to log in to your account, file support tickets stating the details of your exact issue, and wait for a reply. The alternative is to contact Bittrex’s social media channels on Telegram, Facebook, Medium, LinkedIn, and Twitter. Interestingly, Bittrex holds a rare honor of never being breached or having compromised user funds.

The company also allows verified users to make large transfers to and from bank accounts with USD tokens. One other feature that makes Bittrex stand out is its cross-chain recovery service. If any of your deposits are worth more than $5000, the company will recover the funds for you if you accidentally send it to a wallet of the wrong coin type. Bittrex uses an elastic multi-stage wallet, putting away 90% of its funds in cold storage.

It supports a large variety of coins and more than one thousand markets. Hedge With Crypto aims to publish information that is factual, accurate, and up-to-date. The information about a specific cryptocurrency exchange or trading platform in reviews and guides may differ from the actual provider’s website. We also thought that it was unfortunate that Bittrex did not have any mobile applications or PC clients. Even though they have an advanced web-based platform, there are quite a few traders who would like to access their account while away from the desk. While the Bittrex trading platform is quite advanced, it does not offer anything else in the way of mobile applications or desktop clients.

Following that, Bittrex exchange uses main circumspections such as the two-factor authentication (2FA) and cold storage wallet. The Bittrex team ensures all these steps to protect the customer’s funds. Furthermore, Bittrex complies with Anti-Money Laundering (AML) and Know Your Customer (KYC) verification to avoid severe financial crimes such as money laundering.