Bittrex is a veteran cryptocurrency exchange based in the United States that has been operating since 2014. Its wide variety of supported coins and tokens make it one of the largest options for traders.
Bittrex quickly grew to become one of the most popular exchanges during the 2017 crypto boom. Its founders leveraged expertise from companies like Amazon, Microsoft, and BlackBerry to build a robust trading platform.
Based in Seattle, Bittrex is one of the few major exchanges regulated in the United States. It complies with applicable state money transfer laws and maintains FDIC insured bank accounts for fiat holdings.
Bittrex supports numerous cryptocurrencies as well as a native Bittrex Token (BTX). Its long track record and security make it a competitive choice.
Key Features of Bittrex
Some of the key features traders enjoy on Bittrex include:
- High availability – Bittrex maintains an uptime track record over 99.5% and handles traffic spikes during volatile periods.
- Security – Over 80% of funds are kept in cold storage. Two-factor authentication enhances account security.
- Compliance — Required identity verification streamlines compliance with US state regulations.
- Mobile app — Robust mobile apps available alongside the main desktop site.
- Numerous coins — Supports over 350 cryptocurrencies and tokens, providing ample trading options.
Bittrex offers extensive support for major coins like Bitcoin, Ethereum, Dogecoin, and Solana. It also lists hundreds of lesser-known altcoins and DeFi tokens.
Some examples include Komodo, Storj, Nexo, Chiliz, Curve DAO, Compound, and yearn.finance. Almost any obscure token can be found on Bittrex.
Both crypto-to-crypto and crypto-to-fiat trading pairs are available, with US dollar and euro accounts.
Trading Fees and Limits
Bittrex charges a flat 0.25% commission fee on all trades. Additional charges apply for fiat withdrawals to a bank.
With account verification, users can trade up to $1 million per day. Higher limits are possible with additional account tiers. There are no deposit limits.
Getting Started on Bittrex
To begin trading, users need to:
- Register a new account and complete identity verification steps.
- Enable two-factor authentication for account security.
- Deposit cryptocurrency or fiat money into the Bittrex wallet.
- Navigate the markets and trading pairs to exchange assets.
- Withdraw funds out by requesting a blockchain withdrawal or fiat transfer (if enabled).
With its vast currency support, security features, and long-standing reputation, Bittrex remains a leading US-based exchange for traders seeking access to a huge variety of digital assets. Its compliance standards provide peace of mind for larger investors trading on the platform.