Bittrex Global Exchange Review

Bittrex global is a US-based secure, and reliable cryptocurrency exchange. With over 400 digital coins for trading, it easily meets the needs of most crypto enthusiasts. It is relatively affordable when it comes to trading fees and has a host of features and tools, including educational resources for the benefit of its users. Bittrex exchange branches into two platforms—Bittrex Global and Bittrex. The former has a high number of assets, 400+, but restricts US citizens, while the latter offers a lower number of digital assets, 200+, but accepts Americans. Both versions are geared towards beginner-to-experienced investors and boast powerful trading engines. You get high liquidity, worldwide access, and useful mobile apps as a Bittrex user. Other perks include custom APIs for automated trading with bots, a live trading book, and a free academy. Fiat trading is pretty new on the site, so it’s not yet developed. Despite that, the Bittrex exchange offers a vast selection of crypto and stablecoins. Join us in this exclusive Bittrex exchange review for everything you need to know about it.

Security Options

Bittrex Global’s founders prioritized the development of a secure crypto trading platform. And thankfully, they didn’t fail, as the company has no documented hacking cases. The following are some of Bittrex Global’s security features.

• Two-factor authentication (2FA): Users can enable two-factor authentication (2FA) to ensure the security of their funds. This feature protects accounts from unauthorized access. To log in when 2FA is enabled, Bittrex Global requires your password and a code sent to your mobile device. It can, however, be disabled, so the effectiveness of this additional layer of security is entirely dependent on the user.
• Cold storage: Bittrex Global claims to store approximately 90% of its assets in cold storage. That means the funds are stored on non-internet devices. Cold storage is the most secure method of storing cryptocurrency because hackers can’t access it while it isn’t connected to the internet.
• Whitelist crypto wallet addresses: When you add cryptocurrency wallet addresses to your whitelist, Bittrex Global will only allow withdrawals to those addresses.
• IP Addresses whitelist: When you whitelist IP addresses, Bittrex Global will only allow trades and withdrawals from those IPs. Users can whitelist specific IP addresses on Bittrex Global, which means that only authorized devices (mobile or computers) with specific IP addresses can access the account. This helps to keep outside attackers from gaining access to user accounts.
• Disable Account Email Link: Users can deactivate their accounts with a single click by clicking on the link in their email. When a user from a new IP address logs into your account, this email is sent to you.
• SOC 2 Type examination: Bittrex Global has also completed a thorough security audit known as the SOC 2 Type II examination.

Bittrex exchange is a safe platform. The exchange has never been hacked or had a security breach since its inception. However, there were reports of individual clients losing their money to phishing attacks in 2016. Mainly, this affected users who had not activated their 2FA. The site provides its users with helpful advice on best security practices. This includes how to avoid phishing, keep your phone safe, create strong passwords, and close your account if it’s compromised.

Bittrex Global exchange offers over 200 cryptocurrencies for trading. They include:

• Bitcoin (BTC)
• Ethereum (ETH)
• Balancer Token
• Cardano (ADA)
• Aave
• Chainlink (LINK)
• Algorand
• Dogecoin (DOGE)
• Bitcoin Cash
• Polkadot (DOT)
• ChainLink Coin
• Polygon (MATIC)
• Cosmos Coin
• Cronos token

Bittrex Global exchange is home to over 600 spot trading pairs. Its US counterpart is also not left out with over 400 pairs. The main quote currencies were USD and EUR, but the list keeps expanding as per the market demand. The marketplace recently launched USDC quoted pairs and plans to add more quote currencies in the future. Some of the popular trading pairs on the site include BTC/USDT, ETH/USD, BTC/USD, B2M/USDT, TUSD/BTC, TUSD/ETH, PGX/USDT, XRP/USDT, XYM/BTC, and USDT/EUR.

• Deposit and Withdrawal Methods: ACH transfers from your bank account and money wires are two methods for depositing and withdrawing funds from Bittrex Global exchange. It should be noted that Bittrex Global only accepts fiat currencies for enhanced verified accounts. Deposits and withdrawals are thus limited to cryptocurrencies channelled through Bittrex Global exchange online wallets. To withdraw your cryptocurrency holdings, for example, you must generate an address from a wallet on an exchange that converts cryptocurrencies to fiat currencies. Once you’ve got the address, you can transfer your cryptocurrency holdings from your Bittrex Global wallet. Furthermore, some crypto assets can’t be purchased with US dollars. You will be required to first exchange USD for another currency, such as Bitcoin (BTC) or Tether (USDT).
• Limits: Bittrex Global exchange has a daily limit of 1,000 open orders and 500,000 orders. Furthermore, new and unverified accounts are can’t initiate any BTC withdrawals. Basic verified accounts have a daily limit of $3000. On the other hand, the daily withdrawal limit for verified accounts without 2FA is 1 BTC. The daily withdrawal limit for ID Verified accounts with 2FA is 100 BTC.
• Deposit fees: Bittrex Global doesn’t charge deposit fees. Some coins and tokens, however, may need to be transferred to another address before they can be credited. As a result, you will be charged the standard transaction fee for the fund transfer.
• Withdrawal fees: Bittrex Global charges a small withdrawal fee for tokens or coins with a built-in network transfer fee. The network fee is variable and can be viewed by clicking the withdraw button on the withdrawal window for each token or coin.
• Trading fees: Most cryptocurrency exchanges, including Bittrex Global, use a maker/taker fee structure model. For those unfamiliar with these terms, maker orders increase liquidity on the crypto exchange while takers decrease liquidity. As a result, if maker orders increase liquidity, they frequently incur a lower fee than takers. There is no way to predict whether an order will increase or decrease liquidity. As a result, you won’t know whether you have to pay the maker or taker fee until your order is processed. The site, however, offers some discounts based on the previous month’s trading volume. The higher you spend, the better your discount will be. The fees typically range from 0.00% to about 0.35%.

Desktop

The first thing you will notice when you get into the Bittrex exchange desktop version is the dark blue background that screams “crypto.” The upper side of the website has a minimalistic design with few wordings and well-arranged items. It’s attractive and easy to read and use as it’s less busy. Though user-friendly, beginners may go through a learning curve. Apart from that, the sign-up and verification processes are easy and intuitive. Once logged in, you can quickly deposit funds and trade seamlessly.

Mobile App

Bittrex exchange also has a mobile platform for both Android and iOS devices. The apps are sleekly designed and easy to use, even for first-timers. Unlike the desktop app, the mobile version only supports limit orders, market orders, stop-limit orders, Good-Til-Cancelled orders, Fill-Or-Kill orders, and One Cancels the Other (OCO) orders. Nevertheless, we enjoyed using advanced charting tools on mobile apps like the desktop version. Our experience was smooth, from buying, crypto, selling, and even withdrawing. The app favours both advanced and beginners, considering it has simple orders and advanced tools for pro traders.

Bittrex Global exchange customer support options are limited, and you won’t be able to get immediate assistance on the platform if a major problem arises. Support options include submitting a ticket through the Bittrex Global website and interacting with the chatbot, Trexie.

While support options are limited, Bittrex Global provides a helpful help center where users can find answers to frequently asked questions. Its help center is divided into different categories, and users can select the category that best matches their questions. For example, if you’ve got a question about order types, you could visit the Bittrex Global help center and navigate to the “Trading” section.

Throughout this Bittrex Global exchange review, it’s evident that the platform is an excellent choice, particularly for advanced traders. It offers a wide range of digital assets, focusing on crypto-to-crypto trading pairs, strong security features, advanced order types, and charting tools. That makes it the best fit for experienced traders who love using sophisticated charting features. High net worth and institutional investors can also take advantage of the OTC desk for large-volume trading. While features such as instant buy and sell are favourable for novices, Bittrex exchange is less beginner-friendly compared to competitors like Coinbase exchange and Binance exchange.

Almost a decade after it was established, Bittrex exchange is still reputable and continues to appeal to a large client base. This is enough proof that the platform is reliable, flexible and strong enough to withstand market changes. If you’re looking for a secure crypto exchange with advanced features and multi-currency support, look no further.