This article is not a recommendation by Investopedia or the writer to invest in cryptocurrencies nor can the accuracy or timeliness of the information be guaranteed. We’re firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers. Editorial content from The Ascent is separate from The Motley Fool editorial content and is created by a different analyst team.
- It should be noted that Bitcoin is the asset that is paired with most of the crypto-crosses.
- As a crypto trader, you should be looking to trade your hard-earned coins and tokens on the best cryptocurrency exchange platform available.
- You should always consider an exchange platform’s fees before deciding to trade on it.
- Bittrex has only just released the fiat funding functionality and are busy testing it before a full roll-out is implemented.
As it is based in Seattle, Bittrex follows American law very closely. It follows the Anti-Money Laundering and the Know Your Customer programs set up by the US Government. These programs are designed to stop fraud and other financial crimes. Next, this Bittrex review will look at the pros and cons of using Bittrex.
Getting Started With Bittrex
For traders that frequently travel, Bittrex offers a mobile app available on IOS and Android devices. The app has a 4.6/5 star rating with over 3,000 reviews on the Apple App Store, the exchange is often praised for its ease of use and performance on mobile devices. On the downside, Bittrex seems to be suspending user accounts without prior notice and offering minimal customer support. While the trading platform is solid, I would use it with caution. Bittrex has introduced a reward program called Bittrex Credits which gives customers the ability to perform commission-free trades.
In addition, there is the added option of buying crypto via the spread-only method. Instead, you have to use an SEC-regulated https://www.tokenexus.com/bittrex-review/ broker to make your purchase. In August 2018, Bittrex was reported as the 32nd largest cryptocurrency exchange in the world.
Negative Review Factors
Once your account is opened and verified, you need to fund your Bittrex account. The easiest way to fund your account is by transferring them from another wallet. There, you click the coin you want to deposit, press “+”, and then press “Deposit”. You can type that address in the wallet that you are receiving funds from and send the desired amount of tokens you want. This has been the usual way of funding a Bittrex account in the previous years.
