Bittrex is an advanced and high-end platform and knowing the details in this brief Bittrex review can help you in identifying whether the exchange is according to your requirements and criteria or not. There are several aspects you should know before you choose any exchange for buying or trading crypto.
Different exchanges offer different kinds of services and features to the users. The quality of the features make quite the difference as the user experience can also vary from one platform to another.
The Bittrex exchange was established in 2014 as a crypto-to-crypto exchange. This platform allows the users to purchase, sell or trade digital assets with minimum inconveniences. The platform has become largely accessible since it also introduced 2 fiat markets.
These are, however, only a few major aspects you need to know. If you are looking to use this exchange then you should know other details as well such as Bittrex fees and more, as mentioned below.
Bittrex Review – Advanced Trading Platform
As mentioned above, the Bittrex exchange is an advanced trading platform that offers several impressive features to the users. One of the most prominent aspects of the exchange is that it is a suitable exchange for beginners and experts alike.
The trading platform and matching engine of the exchange is one of the most impeccable ones in the market, which also contributes to the kind of experience people have of trading crypto.
The platform has been updated in 2018, after which the Bittrex exchange has become user-friendlier for new crypto investors and traders.
The matching engine of the platform is powerful and executes trades without any delays or interruptions. It is a custom-built engine and processes the trades within nanoseconds.
The Bittrex review talks about this aspect as it is one of the most essential details to know if you are new to the crypto space and want to start trading crypto assets.
Supported Payment Methods
The Bittrex exchange offers support to fiat currencies as well, in which case the users can deposit only two fiat currencies namely:
- U.S. Dollar
You can deposit the supported fiat currencies by using any of the following payment methods.
- Credit card
- Debit card
- Single Euro Payments Area (SEPA)
- Wire Transfer
This Bittrex review addresses one of the most important aspects of the exchange, which should not be overlooked by any crypto investor or trader while looking for a suitable platform.
The safety offered by an exchange is one of the biggest deciding factors that can help you decide how suitable a given exchange is for you.
There is no use of using a platform that offers high trading volume, impressive user experience if it does not prioritize your safety and security.
Therefore, if you want to use this exchange then you should know that it is one of the safest exchanges in the market and makes use of some of the best and technologically advanced security protocols. The founders of the platform are experts in computer securities and prioritize the safety of the users above all.
Therefore, this exchange makes use of high-end security systems such as:
- Complete Secured Socket Layer (SSL) encryption
- Elastic multi-stage wallet strategy for online funds storage
- Two-Factor authentication (2FA) for withdrawal
How Much Fee Will You Have to Pay?
The fee charged by an exchange is yet another major aspect you need to know about before you use any crypto exchange. This is why this Bittrex review talks about the fee charged by the exchange.
Knowing about the fee charged by an exchange can help you determine if the platform is secure and suitable to use or not. The reason being that the different exchanges available in the market do not all have a fair and transparent fee structure. Some of the exchanges in the market include hidden and additional charges in the fee, which can indicate that the platform is not entirely safe to use.
Therefore, if you are an interested party you should know the details of the Bittrex fees mentioned below before you decide.
Withdrawal fee for digital assets:
- The fee is different for all cryptocurrencies
- Network fee varying from one blockchain to another
Withdrawal fee for fiat currencies:
- Fiat assets are withdrawn through wire transfers
- Minimum fee is $50
- Possible bank charges, depending on the bank
Trading fee (depending on 30-day trading volume):
- Fee for market makers ranges from 0.00% to 0.75%
- Fee for market takers ranges from 0.05% to 0.75%
Variety of Digital Assets Available
As a new crypto investor you should also know that the number or variety of cryptocurrencies available for you to invest in. This is why, this factor is mentioned in this brief Bittrex review. To the delight of crypto enthusiasts, this exchange offers support to one of the largest collections of digital assets, which is more than 200 crypto assets.