Bittrex Global Review 2020
Bittrex is an American blockchain technology provider and cryptocurrency exchange. It offers traders access to exchange multiple cryptocurrencies including major cryptos such as Bitcoin, Digibyte, Ethereum, Tether, Cardano, WAXP, Bitcoin SV, Ethereum Classic, XRP and many more.
Bittrex Global Review 2020, Pros & Cons
- Intuitive mobile trading platform
- A range of educational materials
- API trading tool
- Various funding options
- Not regulated
- Cryptocurrency trading only
- No stocks, commodities or forex trading
- No MetaTrader platforms
- No website chat support or telephone number provided
In this detailed Bittrex Global review, our online broker research team has covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.
Bittrex Global is not ranked in our best forex brokers, best stockbrokers, best CFD brokers, best crypto brokers, or best online brokers categories. You can use our free broker comparison tool to compare online brokers including Bittrex Global.
Bittrex Global Review: Summary
Bittrex.com is based in the USA but has an international arm, Bittrex Global that operates from Liechtenstein and serves international customers. Built on Bittrex’s cutting-edge technology, the Bittrex Global crypto trading platform provides an institutional-grade experience for professional and novice customers alike.
Both Bittrex.com and Bittrex Global’s trading platform is designed for individuals who seek a user-friendly exchange experience. With reliable trade execution and digital wallets along with industry-leading security practices, it is an exchange that is amongst the leaders of the blockchain revolution. They also enable two-factor authentication for all users and implement a host of additional security features to provide multiple layers of protection. Bittrex also support third-party trading platforms and algorithmic trading via their extensive APIs.
Bittrex Global Review: Regulation
Bittrex.com and Bittrex Global are not regulated. Most experts and professionals would not trade with an unregulated exchange as they cannot offer investors the same protections that a regulated exchange can.
Bittrex Global Review: Countries
U.S. citizens and residents, who are more than 18 years of age, can trade with Bittrex.com, but they may not use the services of Bittrex Global. You may not use the services of Bittrex.com or Bittrex Global if you are located in, or a citizen or resident of any state, country, territory or other jurisdiction that is embargoed by the United States, or if you are on any trade or economic sanctions lists, such as the United Nations Security Council Sanctions List, or if you are restricted or prohibited from engaging in any type of trading by the European Union, Hong Kong Monetary Authority, Hong Kong Customs and Excise Department, Office of Foreign Asset Control, or any other administrative law enforcement agencies.
Bittrex services are also not offered to those located in, or a citizen or resident of any state, country, territory or other jurisdiction where your use of the services would be illegal or otherwise violate any applicable law.
Some Bittrex Global features and products mentioned within this Bittrex Global review may not be available to traders from specific countries due to legal restrictions.
If you are looking for a trading broker in a particular country, please see our best brokers USA, best brokers UK, best brokers Australia, best brokers South Africa, best brokers Canada or our best brokers for all other countries.
Bittrex Global Review: Trading Platforms
Bittrex Mobile App
There is Bittrex mobile app for U.S. citizens and Bittrex Global mobile app for international customers. The Bittrex trading app enables clients to easily perform 24/7 round-the-clock trading on their smartphones on multiple cryptocurrencies, such as Bitcoin, Digibyte, Ethereum, Tether, Cardano, WAXP, Bitcoin SV, Ethereum Classic, XRP, and much more. The app gives traders access to lightning-fast trade execution, dependable digital wallets, and industry-leading security practices. The Bittrex app is designed for Android and iOS devices and can be downloaded from the respective app stores free of charge.
Bittrex Global Review: Trading Tools
Bittrex provides a simple and powerful API consisting of REST endpoints for transactional operations and a complementary Web-socket service providing streaming market and user data updates. The extensive API supports third-party trading platforms and algorithmic trading.
Bittrex Global Review: Education
Both arms of Bittrex provide their traders with a reasonable selection of educational resources, which are aimed at improving their overall trading skills and knowledge. These can be beneficial to traders of all experience levels, and they include:
The news section of the Bittrex website contains up-to-date news articles that help to keep traders in the know about recent happenings in the global cryptocurrency markets.
The education section of the website also has learning articles covering a range of topics, such as “how to create a Bittrex account”, “tips to avoid scams” and more.
The FAQ section on both websites has a wide range of clients’ commonly asked questions along with their detailed answers.
Bittrex Global Review: Trading Instruments
Bittrex Global is a cryptocurrency exchange that offers traders access to exchange multiple cryptocurrencies including the major cryptos such as Bitcoin, Digibyte, Ethereum, Tether, Cardano, WAXP, Bitcoin SV, Ethereum Classic, XRP, and others.
Bittrex Global Review: Trading Accounts & Fees
Bittrex and Bittrex Global offer clients a variety of different trading account types to suit the trading needs of traders of all experience levels.
The Bittrex Personal Account is designed specifically for individual traders to trade multiple cryptocurrencies, such as Bitcoin, Digibyte, Ethereum, Tether, Cardano, WAXP, Bitcoin SV, Ethereum Classic, XRP, etc.
The Bittrex Corporate Account is designed to meet the institutional needs of all registered entities including Hedge Funds, High-Frequency Trading Firms, Proprietary Trading Firms, ATMs, Crypto Exchanges, Market Makers, and some other businesses.
The Corporate Account has the following benefits:
- No Funding Limits
- Fast Deposits
- Priority Support
- API Integration Benefits
Corporate accounts have additional benefits designed to better support institutional trading needs. Bittrex does not charge a fee to upgrade a personal account to a corporate account. Properly submitted requests are usually approved within a week.
Bittrex Global Review: Customer Service
Both arms of Bittrex provide clients with a knowledgeable customer support team, who are available to assist traders with general, technical, or account-based inquiries they may have. They can be reached via email or by filling the form on their website. The exchange is also available on social media handles: Telegram, Twitter, Medium, LinkedIn, and Facebook. Disappointingly, there is no online live chat option or contact telephone number on the Bittrex website
Bittrex Global Review: Deposit & Withdrawal
Both Bittrex.com and Bittrex Global accept similar methods for account funding and withdrawals. Basically, the three acceptable methods for depositing funds in your Bittrex wallet are bank wire transfer, credit or debit card payment, and crypto coins.
- Wire Transfer: Wire transfers can only be received from bank accounts approved through the fiat application for trading, deposit, and withdrawals, so make sure your bank account has been whitelisted. You will need to generate your USD deposit code and make sure the wire transfer is not sent as an ACH transfer. Please check the exchange’s website for more details.
- Credit/Debit Card: Click on “Holdings” in the top right corner of the home page and go to “Deposit by credit/debit card” in the right column. Input the amount and your card details and then click “Pay”.
- Cryptocurrency: Click “Holdings” in the upper right hand of the site. Search for the wallet you are going to deposit to, and then follow the instructions.
For withdrawals, click on “Holdings” in the upper right of the page and go to the “Withdraw” section. Enter the Recipient Wallet Address and the amount that you want to withdraw. Make sure the address you entered was created for the coin you are withdrawing. You cannot withdraw coins to another coin’s address. This means BTC must be withdrawn to BTC and LTC to LTC, and so on. If you withdraw to another coin’s address you risk losing your funds permanently.
As broker fees can vary and change, there may be additional fees that are not listed in this Bittrex Global review. It is imperative to ensure that you check and understand all of the latest information before you open a Bittrex Global broker account for online trading.
Bittrex Global Review: Account Opening
Opening a Bittrex or Bittrex Global account is quick and easy. To start the account registration process, simply click on the ‘Create Account’ button on their website and choose whether you would like to create a Personal or Corporate Account by selecting the appropriate account type button.
Next, enter your email address into the email address field. This will also be your Bittrex Global username. Enter a password into the password field. Passwords must be at least 8 characters long. To enhance password security, some users may choose to create a password of 12 or more characters including a combination of letters and symbols.
Then click on ‘Create Account’. A verification email will be sent to you. Go to your email inbox and click the “Verify Email” link in the email to verify your email address. After successfully verifying your email address, you will be asked to carefully review the terms of service.
Thereafter, you will be directed to submit your basic profile info. Complete all fields using a keyboard with LATIN (English) characters. Characters and symbols from other languages cannot be processed and will result in a failed verification. (Names will be read directly from your ID and entered to your profile). Click continue to move on to ID verification. All Bittrex and Bittrex Global accounts must be verified with government issued identification. Once your account has been verified, you can commence trading, when you feel ready to do so.
It is imperative to ensure that when you are going through a broker application, you clearly read all of the brokers terms, conditions and policies. Only proceed if you fully understand and agree to them.
Bittrex Global Review: Conclusion
Bittrex is a cryptocurrency exchange that is based in the US and Liechtenstein (Bittrex Global). They offer traders access to exchange multiple cryptocurrencies via their intuitive mobile app with competitive trading conditions and reliable trade execution speeds. They have a decent selection of educational materials, variety of funding options and offer 24/7 customer support.
Despite this, Bittrex are not regulated and only offer cryptocurrency trading. They do not have the popular MetaTrader platforms and clients cannot trade stocks, commodities or forex with them. Furthermore, there is no live chat support or telephone number provided on the Bittrex website.
By accessing or using any Bittrex Global services you are voluntarily choosing to engage in sophisticated and risky asset transactions. you are further acknowledging that you are aware of the many risks associated with the use of these services and with engaging in transactions in cryptocurrencies, including but not limited to, risks of financial loss, technology glitches (including but not limited to problems with the blockchain technology), and hacking.