Cryptocurrency

Bittrex: An Exchange Allowing Users to Swap Dollars for Cryptocurrency

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Bittrex is a developed crypto exchange platform, established in the year 2014. This exchange has been claimed to be great, especially for active traders that are looking for fewer charges and variety in order types. However, there has been an issue with customer feedback as people have reported hurdles in the identity verification procedure. 

Introducing Bittrex 

Bittrex is known as the international cryptocurrency exchange that offers more than 330 crypto assets on its platform to purchase, sell, or trade. As compared to others, this exchange platform offers very low fees and brings you the opportunity of multiple order types. Moreover, Bittrex offers its users a huge range of high-level security features to assist users in keeping their funds safe and secure. 

Bittrex is quite a user-friendly interface, beginners are usually dazed with this platform as it supports a huge number of assets. This platform better suits more advanced and experienced traders. For trading cryptocurrencies, you can also Click here. 


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Crypto Assets Supported by Bittrex 

Bittrex is known to support more than 330 crypto coins. Due to its wide variety of cryptocurrencies, it makes the platform more ideal and attractive for traders who are interested in trading popular coins and also less-popular options. Below is a list of a few cryptocurrencies available on the platform of Bittrex. 

  • Bitcoin BTC¬†
  • Ethereum ETH
  • Cardano ADA
  • Chainlink LINK¬†¬†
  • Dogecoin DOGE
  • Polkadot DOT
  • Polygon MATIC
  • Tether USDT

Other than these, there is a variety of coins available on this platform. 

What Type of Trading Experience Does Bittrex Offer?

When it comes to trading on Bittrex, it is quite straightforward. Users can easily log in to their dashboard on the desktop or via the mobile application of Bittrex. The desktop interface offers its users an easy and simple instant buy/sell option where users can immediately trade, purchase or sell crypto assets with a debit card, bank account, or Bittrex account balance. 

What’s more, other than straightforward trading, the users of this platform can also benefit from an actual; view of the markets easily available on the Bittrex application. Moreover, Bittrex supports advanced and multiple order types that include stop, stop limit, trailing stop, and laddered orders. People who are looking for staking can easily earn up to 5.5% in Cardano ADA cryptocurrency rewards and prizes by staking ADA on the Bittrex exchange. 

Bittrex and Other Crypto Exchanges

For people who want to trade with a wide selection of crypto assets, and view actual market data, multiple order types Bittrex is your go-to platform. This platform is not just full of varieties but also brings its users industry-level security protocols. Below is how Bittrex is compared to the Kraken exchange platform. 

Bittrex and Kraken

  • Bittrex supports more than 330 cryptocurrencies while on the other hand Kraken only supports 124 which is quite a small number as compared to Bittrex‚Äôs huge variety.¬†
  • Bittrex demands slightly higher fees as compared to Kraken. Fees range from 0.00% to 0.355 on the Bittrex exchange and 0.00% to 0.26% on the Kraken exchange platform.¬†
  • Kraken offers its users 24 hours and 7 days of live chat for support to customers to deal with issues while Bittrex does not offer any sort of customer support.¬†

Customer Service and Satisfaction 

Bittrex has left everyone in awe but there is one major thing that it lacks, which is options for customer support. On this platform, there are no chances of immediate help if any issue arises. If you need support, you will need to submit a ticket through the Bittrex webpage and engage with its chatbot, known as Trexie. 

As the support options are much limited, Bittrex offers a help center where users can find options for most of the issues. The help center has different categories and users can choose the category that goes with their query. For example, if you want to know about order types, you can just click on the Trading section in the help center to know all about it. 

When it comes to customer satisfaction, Bittrex is far behind in this area. It has majorly received negative feedback from its users and has a very low average rating, 1.4 out of five stars. The most frequent issues are account lockouts, frozen assets, and issues with identity verification. But regardless of such negative feedback, Bittrex has received a lot of positive reviews too. 

Conclusion

Bittrex is appreciated mostly due to its wide selection of features and cryptocurrencies. It is a good choice for experienced traders as well as beginners. Bittrex also focuses on crypto-to-crypto trading in pairs. 



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The content of this website is for informational purposes only and does not represent investment advice, or an offer or solicitation to buy or sell any security, investment, or product. Investors are encouraged to do their own due diligence, and, if necessary, consult professional advising before making any investment decisions. Investing involves a high degree of risk, and financial losses may occur.


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