Pros & Cons
- USA Based Exchange
- Rapid Trade Execution
- Algorithmic Trading
- GridCoin Now Available
- Instant Sign Up
- No Instant Chat Support
- Withdrawal Fees Apply
- Withdrawal Caps Can Apply
Our Expert Rating
Average User Rating
Marketed and promoted as the next generation of digital currency exchanges, there is a lot to like about Bittrex, so much so I have compiled the following in-depth and informative review of their exchange to help you evaluate if they are good enough to warrant your attention and custom.
It is true to say that the one outstanding feature about Bittrex is that they are both US based and also fully regulated in the United States of America, unlike many other exchanges that hide their location away from customers, Bittrex is very open and proud of where they are based and whom they are regulated by.
On a side note, if you are actively on the hunt for a Bitcoin or other digital currency exchange, I would very strongly urge you to only ever use those that are regulated in some way.
I would also steer you towards using those whose regulatory body actually know what they are doing, and are not based in country you have never heard of before or one that is not renowned for regulating financial service companies.
In regards to just which cryptocurrencies you are going to be able to buy and sell on their digital currency exchange, well it does appear the sky really is the limit, and currently they offer over 190 different ones all of which you can buy or sell in a completely hassle free way.
You will of course need to become a member of their exchange if you do wish to buy or sell any type or kind of digital currency, but that process has been completely streamlined and as such you are going to be able to do so in a matter of minutes at most.
There website is jam packed full of help guides and articles and as such if you ever do have any questions about their exchange or buying and selling digital currencies in general you are going to find plenty of guides are available to you that will answer your questions.
You can of course submit a ticket with any questions that you are looking for the answers to and to be fair their support are quite quick to respond, however do keep in mind that being such a busy site you may not get an instant answer from their support team, hence their help guides and articles.
You do not necessarily have to sign up or even log into your Bittrex account for you to be able to see their trading exchange, simply click onto the markets tab at the top of the page and you will then be able to access real time information about each of the markets they have on offer to their customers.
Due to the sheer number of different digital currencies you can buy and sell on their exchange that real time information is quite in-depth but there are a range of option settings on their exchange that will allow you to limit your search to just the digital currencies that you are most interested in.
Below I am going to be giving you access to a wealth of additional information in regards to each aspect of signing up to and then using the Bittrex digital currency exchange, so do please take as long as you require to read on as by doing so you will then be able to make a well balanced decision as to whether they are worthy of your custom.
Keep in mind that one thing you are going to have to do when you utilize any digital currency exchange is to pay fees can charges! However, below I will give you an insight into the fees and charges you are going to have to pay when using this digital currency exchange.
Also, I would urge you to compare just what Bittrex has to offer with some of the many other digital exchanges that I have fully reviewed throughout this website.
There are always going to be pros and cons of using one digital exchange over any other, and by knowing just what each one has to offer you then you will be in a good position to select the one best suits all of your wants and requirements.
Detailed Information about Bittrex
Apart from choosing just which cryptocurrency you should use and/or invest in, the most important decision you are going to have to make as someone who uses digital currencies regularly is just which digital currency exchange you utilize, and there are some excellent ones available.
To help you make up your own mind as to whether Bittrex is the digital currency exchange that will serve you best, below I have crammed as much detailed information about this exchange as I can do on this web page, so do feel free to read on and then judge for yourself if Bittrex is good enough for you.
A fee of 0.25% of the profits and other payment fees vary.
Customer Support Details
You will soon discover that all of the much busier digital currency exchanges tend not to offer a customer support service that can be contacted by telephone or instant chat, for if they did they would be inundated with first time digital currency users asking some rather basic questions.
As such when you do pay a visit to their website you will find plenty of help guides and articles that will guide you through completely anything that you do not understand.
If you do need to get in touch with their support team you can submit a support tickets via their website and you will then hear back from them with your answers as quickly as is possible. But do consult their help files first as you will often find the answers you are looking for there.
Having such a huge customer base as Bittrex does have, you are going to find there is a reason for them being so popular, in fact as you have just found out above there are many unique reasons why more and more people trust the services of that well respected digital currency exchange.
If you are not quite ready to start using a digital currency exchange but would first like to learn more about digital currencies in general, then you are more than welcome to make use of the many guides and articles I have put together and made available on this website.
But as soon as you are good and ready to use a cryptocurrency exchange I do feel you will not find a better one or one that is as easy to use as Bittrex, visit their website if you want to know anything else about what they have to offer you.
Frequently Asked Questions
I will now move onto answering a range of different questions related to Bittrex that I am aware that many first time users of that cryptocurrency exchange will be looking for the answers to, so read on as you may find the answers to any questions you do have about Bittrex.
Can I trust Bittrex?
As Bittrex is a USA based exchange, they are legally required to have systems and platforms in place that always protect their users’ funds and digital currencies and they are also regulated very strictly and robustly too.
You are going to be taking way too many risks if you do decide to open up an account at any unlicensed and unregulated digital currency exchange, and as such I really do urge you to stick to exchanges such as Bittrex as you will never be taking any risks when buying or selling any digital currencies on their exchange.
How quickly are my orders processed?
You can often find some digital currency exchanges do not process you buy or sell orders rapidly and when they do not do so you do run the very real risk of getting much less for your digital currencies when you sell them or even ending up paying more for them when you buy an unit of any digital currency.
Bittrex does indeed offer rapid trade executions and as such you are never going to be left waiting or even wondering if any buy or sell orders you have submitted onto their exchange have actually been processed or not!
What additional features are available?
One thing that you are also going to be able to make use of as one of their users and customers is Algorithmic Trading, which ensures that you are always in the very best possible position to make a very well balanced and very well judged decision as to when to buy or sell any digital currency.
What digital currencies can I buy and sell?
They have also very recently added GridCoin as one of the digital currencies that you can now buy or sell on their exchange, so if you are seeking some of the more recently launched cryptocurrencies then I think you should seriously consider signing up to and utilizing the Bittrex exchange to have instant access to those cryptocurrencies.
How long does it take to register at Bittrex?
However, do keep in mind that they are fully licensed and regulated and part of their license requirements means that they are required to verify users identities as part of their know your customer requirements.
As such if you are ever requested to have to send into them copies of your identification documents then that is something that you are going to have to do sooner rather than later, so always do send them in when required so you do not have any restrictions placed on your account.