Bittrex review

Bittrex is an online broker where you have the opportunity to trade in crypto currencies. The company was founded in 2013 in the United States and is known as a popular platform for traders. This is partly due to the security that is offered when trading. Because Bittrex is based in the United States, it also has to deal with very strict rules and laws. Here you can read our Bittrex review with information about the broker, we tell you what the advantages and disadvantages of Bittrex are, how security and reliability are regulated, how payments can be made, what the broker’s offerings are and what our findings are of the customer service.

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How are the Bittrex experiences?

The Bittrex experiences that customers have are generally positive. Customers indicate that they can make good use of the support and information given at the broker. The safety and reliability of Bittrex are the most important aspects. Clients like the fact that they can make good use of the software and that there is a wide range on offer. Furthermore, the costs are attractive compared to many other parties. Below you can read about some of the advantages and disadvantages of Bittrex.

Advantages

It is important to have the advantages and disadvantages of the broker listed. See below an overview:

• A wide range of crypto currencies;
• Possibility to trade in large volumes;
• User-friendly software;
• Good security and reliability.

Disadvantages

• Processing of large volumes is not always very fast;
• Withdrawing money can take a long time.

Is Bittrex scam: reliability and security

In this Bittrex review, we naturally pay attention to the reliability and security of the broker. As far as reliability is concerned, we can state that this is a party with a lot of experience and knowledge. Bittrex is known to be reliable and is monitored and regulated by various agencies. For security, many measures are also taken by default. For example, your account is protected in several ways against unauthorized persons from the outside and the connection you make with the website is also always secured.

What about the regulation and licensing of Bittrex?

How does Bittrex work on reliability? This is demonstrated by the fact that the company is regulated by various agencies. The broker was founded in the United States and must meet very strict requirements to be allowed to offer services there as well. For this, regular audits are conducted to examine whether the company is complying with laws and regulations. Bitrex holds a Bermuda Digital Asset Business Act Cerfiticate of Licence, which gives them the authority to offer their services. In Europe, the company is regulated by the Office of Economic Affairs in Liechtenstein and by the Liechtenstein Financial Market Authority.

Using SSL encryption

In order to use Bittrex Worldwide for investing in crypto currencies, it must be possible to make a secure connection. For this purpose, the broker uses an SSL encryption. With an SSL encryption, your data and account are protected. You can easily recognize this by the padlock in the address bar next to the address of the website you are visiting. Further measures are taken to protect investors and their accounts. The currency is protected in several ways, as a result of which Bittrex can be seen as ééone of the most secure parties to trade with. The account you use can be secured with a two-step verification, making it possible only for you to access the account.

How to create an account with Bittrex?

To create an account with Bittrex, there are several steps to follow. It is important that you enter the data that is requested carefully, as this will improve security. By following the steps below you can open an account at Bittrex.

1. You go to the Bittrex website and choose the option: “Open Free Account”. As you can see, you don’t pay any cost to create an account;

2. The next step is to choose either a Personal or a Corporate account. With this you indicate whether you want to trade in a personal capacity or as a company;

3. You can now fill in data such as your email address and password for the account;

4. By clicking on the button “Create Account” an account will then be created;

5. You will receive a verification email containing a link for confirmation. By clicking on this link you will confirm the account request;

6. This will show you the terms and conditions which you can read through. You must accept all of these terms and conditions in order to continue;

7. You will now enter a form in which you have to fill in your personal data. For this purpose you will need, among other things, your identity card;

8. After everything has been filled in, click on “Continue” and the information will be verified by Bittrex.

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Conditions

To open an account you must meet a number of conditions. First of all, you must be 18 years of age or older and be able to prove this with proof of identity when you apply for the account. In addition, you must have your own assets and be able to make decisions about them. All of this is asked during the account application process. The information required for this is then carefully checked by Bittrex to approve the application. It may take several days before you can actually start investing with the broker.

Account overview

You, as a customer, have the option to choose from two types of accounts at Bittrex. The options you have are:

• A Personal Account, which allows you to trade crypto-currency in a personal capacity;
• A Corporate Account, which allows you to trade as a professional company. Advantages of this are that there is no limit on depositing or withdrawing money and trading can be done in larger volumes.

Bittrex payment methods

For depositing money you can use crypto currencies. It is possible to make a deposit in many different currencies. A deposit is without Bittrex fees though there is a minimum amount involved. Below you can see which currencies you can deposit into your account at Bittrex and the minimum deposit you need to make to do so. Withdrawals can be made in the same currencies as described below.

App by Bittrex

If you have created an account at Bittrex, then you can get started in several ways. On the computer, you can trade in a variety of crypto currencies as described above earlier. On top of that, you can also use a convenient app. With the app you can use the same functions and possibilities that are available to you on a computer. The advantage of the app is that you can access the prices, your portfolio and trade in crypto currencies immediately if needed, anytime, anywhere. The app is available for Apple and Android phones and tablets. It is possible to log in with your usual credentials, which you created while applying for an account.

Offerings

The offer of Bittrex consists of more than 250 different crypto currencies. Some well-known coins that are included are:

• Bitcoin;
• Ethereum;
• Cardano;
• Dogecoin;
• Tether;
• Digibyte;
• XRP.

Customer service

As a customer of Bittrex, you can contact the customer service department 24 hours a day, 7 days a week for questions. On the website of Bittrex you can find a wide range of frequently asked questions and documents with all kinds of information regarding accounts and trading in crypto currency. If you cannot find an answer to the question you have, it is easy to ask a question. You can use an email form on the website to indicate the subject you would like to be contacted about and then ask your question. You will then be contacted as soon as possible to answer your questions and help you further.

Conclusion Bittrex Review

In this Bittrex review we have given you answers to the questions: “What is Bittrex?” and “What are the possibilities”, among others. If we summarize everything we can say that we are dealing here with a reliable party that offers many possibilities. You can trade in many different currencies and have your own account that can be used both for the website and for an app on your smartphone. It is nice that an account can be created quickly. What would be even better is if there would be a possibility for a demo account. This way you can really get to know the broker without running any risks. If you want to know more about Bittrex or are curious about the possibilities that are available, we advise you to compare Bittrex with other brokers. You can do that easily by using the comparator on this page.