The US-based cryptocurrency exchange platform was discovered in the year 2013. It was founded by Bill Shihara in alliance with two business partners. Its head office is located in Seattle, USA. The mobile phone app. of the popular exchange is available on both iOS and Android. It is only available in English. It has emerged as the new generation exchange platform based on client trust and data security. The main highlight of Bittrex exchange is that it offers you the option of trading over 190 cryptocurrencies at one time. They have been effectively regulated and conform to the existing US rules and regulations. Crypto users can leave all their concerns aside when it comes to their fund’s safety. Among all the exchanges available under the sun, Bittrex tackles one of the largest BTC trading volumes. At this exchange, the power is in the hand of users to decide the rate at which they seek to trade. Bittrex only charges a paltry service fee for offering this platform which just 0.25 percent of the transaction.
If you are keen to begin with Bittrex, all you have to do is just register and log onto via your email address. However, when you want to withdraw funds, you may need to do a KYC by depositing your ID documents and phone number. For higher limits, you need to enable two-factor authentication.
One of the most attractive features of Bittrex is that the account verification procedure is quite swift. Bittrex has been supporting two types of accounts.
- The first one is the Basic Account where you can withdraw funds up to 3 BTC per day.
- Another one is Advanced Account. Here you can withdraw funds up to 100 BTC per day.
As Bittrex is a crypto-only exchange platform, it will not let you deposit fiat currencies like USD, EUR, and GBP, etc.
We have put together the ultimate beginner’s guide for understanding and investing in cryptocurrency!
