| Cryptocurrency exchange | |
|---|---|
| Official website | |
| Social network | |
| Date of foundation | 1970 |
| Head Office | 9490, Liechtenstein, Vaduz, Dr. Grass Strasse 12 |
| Types of support | |
| Languages | English |
| Founder | Tom Albright |
| Company owner | Tom Albright |
| Manager | Tom Albright |
| Minimum deposit amount | Verified Cryptocurrency
Fiat Currency
Unverified Cryptocurrency
Fiat Currency
|
| Maximum input amount | Verified Cryptocurrency No limits Fiat Currency
Unverified Cryptocurrency No limits Fiat Currency
|
| Minimum withdrawal amount | Verified Cryptocurrency No limits Fiat Currency
Unverified Cryptocurrency No limits Fiat Currency
|
| Maximum withdrawal amount | Verified Cryptocurrency
Fiat Currency No limits Unverified Cryptocurrency
Fiat Currency No limits |
| Terminals | Author's platform |
| Age restrictions | From 18 years |
| Trading volume per day | 169515113 USD |
| Number of users | No information |
| Number of cryptocurrencies | 301+ |
| Number of trading instruments | 654+ |
| Margin trading | No / Margin trading is not available on the site, but the exchange is working on a new trading mechanism that will allow the use of margin trading and advanced order types. |
| Tokenized assets | On the exchange you can trade tokenized assets of world famous companies, in particular, Amazon, Apple, Tesla, Facebook, Netflix, Google. |
| Free demo account | No |
| Types of accounts | Personal, Corporate |
| Order execution | Limit Order, Market order, Ceiling Order, Stop Orders, Stop Limit Order, Trailing Stop, Ladder Limit, Good-Til-Cancelled, Fill-Or-Kill, Immediate-Or-Cancel, One Cancels the Other, Post Only |
| Methods of replenishment | Bank card (Visa/MC), Cryptocurrencies, Wire transfer, Sepa |
| Withdrawal methods | Cryptocurrencies, Wire transfer, Sepa |
| Account Currencies | Cryptocurrencies |
| Types of cryptocurrencies | ALGO, Bitcoin, ADA, LINK, Ethereum, Litecoin, DASH, Ethereum Classic, Monero, Zcash, et al. |
| Mobile apps | |
| Trader training | User manual |
| A way to store cryptocurrencies | Cold: yesThe exchange uses a flexible, multi-stage storage strategy to ensure that most funds are kept in cold storage for added security Hot: no |
| Fiat accounts | No |
| Scalping | No |
| Stop loss and take profit function | Yes |
| Possibility to exchange for fiat currencies | Yes |
| Platform capabilities | Ability to scale and provide real-time order execution, third-party trading platforms and algorithmic trading through extensive APIs are supported |
| Safe platform | Bittrex Global uses the most reliable and efficient security technology available |
| Fast deposits and withdrawals | The exchange supports both new and existing blockchains. There is also a large selection of blockchain technologies and digital tokens that go through a rigorous vetting process |
| Basic verification | No |
| Advanced AML verification | KYC (passport, passport or driver's license). Photo with the document (selfies). Proof of address (bank statement, utility bill, etc.) |
| Laws regulating activities | Law of the Russian Federation "On Digital Financial Assets" dated January 1, 2021 Law of the Russian Federation dated 07.08.2001 N 115-FZ "On Combating Legalization (Laundering) of Proceeds of Crime and Financing of Terrorism" The Exchange operates in the jurisdiction of the legal field of Liechtenstein, as well as the legal field of the EU |
| API | Read moreBittrex provides a simple and powerful API consisting of REST endpoints for transactional operations and Websocket service |
| Affiliate Program | No |
| Advantages | User-friendly interface Quick verification Simple trading process Large selection of cryptocurrencies Fast deposits and withdrawals Customized trading platform Availability to work in most countries of the world One of the safest trading platforms in the world The Exchange operates under EU and Liechtenstein law |
| Disadvantages | No fiat currencies The site is not russified No direct communication with technical support There were problems with the withdrawal of earnings and cases of blocking accounts |
| Company requisites | Legal name: Bittrex Global GmbH Legal address: 9490, Liechtenstein, Vaduz, Dr. Grass Strasse 12 |
| Overall assessment | 8/10 |
| Date of update | March 5, 2024 |
Bittrex is this a scam? Review and Customers Reviews
The Bittrex crypto exchange has been operating on the market since 2015, being one of the newest services having to do with crypto assets. Nevertheless, it has gained momentum, constantly increasing the number of its users. Today it can be seen in the TOP-10 of crypto exchanges by the volume of trading. It’s popular in many countries especially in the United States because it offers an impressive selection of cryptocurrencies to deal with – more than 200. In addition to this, the trading platform is reliable, simple and easy to use.
Of course, you’d like to know whether Bittrex is a fraudster or it’s a reliable platform, which ensures safe trading and trouble-free withdrawal of earnings. We’ll answer this question here below.
The ambitious American crypto exchange has already gained the trust of thousands of traders around the world. It’s popular with English-speaking traders and those speaking other languages. The advantage of this crypto exchange is that it offers advanced trading opportunities and guarantees instant execution of orders and a stable and secure withdrawal of funds. A huge plus, which makes it competitive in the market, is its outstanding reliability as well as maximum safety. Thanks to the technology of so-called «cold storage», it’s absolutely impossible to steal funds from traders – all user data is located on servers that do not have a network connection. As for account protection, it’s ensured via a two-factor authentication.
The main advantage of Bittrix is represented by 260 pairs of digital currencies, including rare digital coins (it gives grounds to compare the exchange with the market leader Poloniex). Here it’s worth noting low commissions, a highly responsive support service and an absolute absence of hacking and theft of traders’ funds in the history of the exchange. What dominates trading on the platform throughout the trading day are operations with Bitcoin (make money on bitcoin’s) and a digital analogue of the evergreen buck – USDT (Tether). Two types of markets are available to traders: Bitcoin and USD. On one market currencies are traded against the US dollar, while on the second one they’re traded against Bitcoin. Other popular digital currencies on the exchange include Neo, Ethereum, Monero, Ripple, Bitcoin Cash, etc. Not every leading crypto exchange can boast such a rich choice of digital coins.
There’s nothing surprising in the fact that the given crypto platform is so popular with a lot of traders. Well, it’s characterized by a simple interface, which is suitable especially for beginners of crypto trading (read here how to earn on cryptocurrencies). The trading terminal is considered to be one of the most convenient on the market. Among its features one should mention a chart of price dynamics, candles, indicators, a book of orders; here you can get information about orders for the purchase and sale of cryptocurrencies, get familiar with the book of orders and the history of transactions. Another interesting feature on the site bittrex.com is a new service «Lab». It’s a kind of laboratory with a bunch of useful functions: Any2Any Convertor converts cryptocurrencies, Auto-Sell makes it possible to automatically sell the currencies indicated in Bitcoins, the calculator is capable of pre-calculating the amount of profit and loss (this feature is being developed).
The Bittrex exchange was one of those companies, which applied for a BitLicense license (it’s the license of the New York Financial Services Department, which decided to independently regulate cryptoexchanges). The process turned out to be complicated and time-consuming – the application is still being considered today. The exchange looks quite reliable and protected – for the whole period of its work there weren’t any hacker attacks and thefts of money, which makes it more trustworthy.
Replenishment and withdrawal of funds
When it comes to replenishment and withdrawal of funds the crypto exchange supports only digital currencies, fiat currencies aren’t supported. Therefore, to replenish your trading account, you need to initially buy a cryptocurrency. Bitcoin would be the best choice because it trades with all the altcoins, which appear to be analogs of Bitcoin.
To replenish the account, you need to go to the bittrex.com site in the «Wallets» section, select the necessary cryptocurrency and transfer it from your wallet (or from another crypto service, using exchangers) to a special address. The withdrawal of funds takes place in the same tab. The most common methods of replenishment include:
- Bitcoin;
- Ethereum,
- Litecoin,
- Dash,
- Ethereum Classic,
- Monero,
- Zcash and others.
In order to easily withdraw money from the exchange, starting from 2017 all new users of the crypto exchange should undergo a simple and fast verification. The withdrawal is carried out within two days, but more often it doesn’t happen this way, which is confirmed by numerous reviews of traders about the long withdrawal.
Complaints about Bittrex
The Bittrex exchange is very popular; therefore there are more than enough reviews about it on the web now. Traders positively note its reliability, a rapid verification, a user-friendly interface, a large selection of digital coins, a simple process of trading. The exchange has a reputation of one of the safest services to work in the crypto market.
Nevertheless, there are enough negative reviews. As a rule, they point to the problem of a long withdrawal of funds, a problematic verification, blocking of accounts without explanation, lack of communication with managers, lack of support of fiat money.
Regulation of Bittrex
The Bittrex exchange, LLC is an organization, officially registered in the US. It follows the regulations of the regulatory country. The company collects certain information about its customers and their preferences regarding the resource (AML) in order to improve the service and ensure the most complete identification of the individual. Additionally, this data will help to resolve various issues, prevent illegal activities with the resource (fraud, criminal deeds, terrorism), etc. More information is provided in the «Privacy Policy» section of the Bittrex website.
The exchange collects data about users using cookies, which allow the company to get a lot of information: about using the site, user actions, personal information, applications, etc. More information about Cookies is available in the «Cookies» section of the Bittrex website.
Read the Privacy Policy on the Bittrex Exchange website
Read the Cookies Policy on the Bittrex website
Is Bittrex a scam?
The Bittrex exchange is currently one of the most popular sites on the market. It’s included in the TOP-10 of crypto exchanges by the volume of trading. The company is all geared up towards becoming a leader in its niche, and it’s dynamically gaining momentum (by the volume of trade operations, the number of users, etc.). In spite of the fact, the crypto exchange still has a minimal work experience, but it already has a lot of regular customers who trust its reliability and security, which allows it to seriously compete with market leaders.
Many traders around the world prefer this platform to other more popular crypto exchanges due to its convenient and intuitive interface, a variety of options, an informative personal cabinet and a very comfortable trading process. Such an impressive choice of currency pairs, about 260, is another crucial factor that attracts traders and those who prefer trading in rare digital coins on the platform.
Unlike Poloniex, this platform has never faced any hacker attacks and it greatly contributes to the users’ trust in the service. Being aware of the everlasting exposure to hacker attacks in the cryptocurrency market (learn here whether cryptocurrencies are a scam), the developers of the company implemented the so-called «cold storage» of funds, which does not allow to steal money. This new technology hasn’t failed the exchange yet. Besides this for the protection of traders’ accounts, a two-factor authentication is used.
The Internet offers a lot of reviews about Bittrex. Among positive moments, traders point to the overall reliability and security of the exchange, the simplicity and convenience of the platform, a large number of digital coins for trading. As for negative feedback, also available on the web, here traders are mainly concerned with a long withdrawal of funds, a long verification and blocking of accounts without explanation, mediocre communication with the technical support.
Today one should stress that the Bittrex exchange isn’t a fraudster because at the moment it’s working properly, fulfilling its obligations to traders. As a matter of fact, payments are made to users on time, their technical support, the web resource of bittrex com as well as payment systems are always at hand, and there aren’t any mass messages about the theft of money from accounts. So, Bittrex isn’t a scam at all because the keeps dynamically developing. It offers maximum opportunities for crypto trading and ensures reliability and safety of work.
Conclusion
The Bittrex crypto exchange is a new, already successful and dynamically developing platform. Today it’s very popular around the globe, attracting an increasing number of users with the expanded opportunities for comfortable trading in cryptocurrencies (2018 cryptocurrency forecast). An impressive choice of digital coins for trading also serves as a serious factor that increases interest in the stock exchange.
One of the greatest advantages of Bittrex is that the site hasn’t been subjected to hacker attacks yet. Despite there are a lot of positive reviews about the company on the Internet, but there are also enough negative points. Let’s hope that the stock exchange is willing to proceed with its dynamic development and its services will be improved. We won’t regard the Bittrex exchange as a scam. By the way, user feedback, we’re waiting for this article, can warn traders of possible issues and even change the exchange’s rating on our web portal.
Reviews
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Feedback approved for publication Rate your review 000Fund Recovery
Hi everyone, is this complainant board really take responsibility of promoting posts and comments? if you see this post, please kindly forward to any forum to help other victims be informed and stay clear of any fishy investment site with no license and regulatory body because i turned out to involve… Read more
Positive- Good
Minuses- Quality
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Rate your review 2+20Disappointed
I was a client of the exchange for several years. Bittrex blocked all Russian-speaking accounts when the Ukraine epic began. At first, under the guise of re But in fact it does not work and they themselves in technical support confirmed that there are problems. After a while they were forced to deactivated… Read more
Positive- Clear interface, reasonable commissions
Minuses- Average turnover, slow price movement, mediocre support, politicized site, many popular pairs are missing
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Rate your review 1+10SCAM, there is no tech support, they...
SCAM, there is no tech support, they block people all over the world for no reason
At the exchange since 2018, fully verified, accumulated coins for years! but 2 months ago, just disabled the account, and everything works, comes in and even lets you enter coins! The withdrawal button is not active… Read more -
Rate your review 0+10They turned off my account because I'm...
They turned off my account because I’m from Ukraine. They won’t let me withdraw my money, crooks.
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Rate your review 0+30If you are on Bitrex and your...
If you are on Bitrex and your account is still miraculously not blocked, then:
1) urgently withdraw in small installments (especially for those who have more than 1 BTC in their account).
2) At the output set the order to sell all the coins you trade – let them hang during withdrawal.
3) don’t exceed… Read more -
Rate your review 0+10The exchange has suddenly changed the rules...
The exchange has suddenly changed the rules of verification, without warning in advance. Now you need a passport and a photo with it and a sheet with the inscription bitrexglobal and the date in 3 angles. And until you do that, the account is blocked. And if you don’t have a passport and the ability… Read more
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Rate your review 000The project does not pay under various...
The project does not pay under various excuses, in particular, no referrals be careful
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Rate your review 0-10Withdraw quickly and without risk to you...
Withdraw quickly and without risk to you and your money! No prepayment, for questions [email protected]
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Rate your review 000Skam project, VKontakte also scam with a...
Skam project, VKontakte also scam with a green dinosaur asking for a commission for withdrawal, a scam in general
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Rate your review 000Blocked my account without explanation It is...
Blocked my account without explanation
It is impossible to withdraw money
I don’t recommend it to anyone, they are just scammers. -
Rate your review 0-30Excellent exchanger, I've been earning with it...
Excellent exchanger, I’ve been earning with it for a long time, no complaints)
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Rate your review 000Bittrex is a complete scam....scam....money can be...
Bittrex is a complete scam….scam….money can be deposited but not withdrawn….only verified users can withdraw….no verification now…and support is silent… The ticket ( Request #782555 ) hangs for a very long time … and I am not the only one … read the forums
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