Fees For Trading, Deposits, Withdrawals, Bittrex Accounts

Bittrex is another veteran exchange oriented-towards more experienced traders. Based in Seattle, U.S., và Lichtenstein (Bittrex Global), it enables direct purchases of cryptocurrencies using US dollars as well as trades between more than 2đôi mươi cryptocurrencies via their powerful trading engine with a sleek interface. Bittrex also has a set of its own APIs, which can be used for automated trading with bots.Having been launched by former employees of Microsoft & Amazon, another one of its biggest draws is its robust security (it has never been hacked). Other perks of using Bittrex exchange include high liquidity, worldwide availability (including traders from the United States), useful thiết bị di động apps, & low trading fees.

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General info


Main location: Seattle, USDaily volume: 4026 BTCđiện thoại tiện ích available: YesIs decentralized: NoParent Company: Bittrex, IncTransfer types: Bank Transfer, Crypto lớn TransferSupported fiat: USD, EURSupported pairs: 363Has token: -
xuất hiện Account

Pros

Excellent security credentialsFast transactions & withdrawalsSupports over 220 currenciesFiat deposits and withdrawals for verified accountsInexpensive sầu bank card deposits

Cons

No margin tradingFiat deposits via ngân hàng take days khổng lồ be processedExtensive verification processes

Screenshots


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Bittrex Review: Key Features

Bittrex is one of the biggest exchanges in the world when measured by trade volume. Its phối of APIs allows quichồng và easy trading. At the same time, its automated monitoring system provides fast deposits và withdrawals, making it an igiảm giá khuyến mãi exchange for those looking lớn trade efficiently at scale. It’s founding by engineers with a background in cybersecurity makes it one of the safer exchanges currently in operation.

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Other notable features of the Bittrex exchange include:

Robust, security, & trustworthy platsize. Bittrex was established by former security engineers & has never been hacked before. Besides, it complies with key regulations, making it a trustworthy exchange.USD và EUR on and off-ramp. Bittrex allows you lớn deposit and withdraw fiat currencies directly from and to lớn your bank tài khoản. If you want to top up your tài khoản quickly, you can use it’s credit/debit card deposit feature, which is near-instant and costs only 3% per transaction.Smart trading on thiết bị di động. Bittrex Smartphone apps for AndroidiOS allows you to trade your favorite crypto markets on the go.Helpful customer support team. Bittrex has an extensive knowledge base, which teaches its users all they need khổng lồ know about trading on its platsize. If that doesn’t help, issuing a ticket via Zendesk will.

All in all, Bittrex is a veteran cryptocurrency exchange, best suited for corporate & retail investors looking khổng lồ gain exposure to the cryplớn market. Its wide range of crypkhổng lồ assets, high-level security, và relatively low fees is an excellent offer for most crypto enthusiasts.

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Bittrex features. Source: Bittrex.com

Exchange History and Background

Bittrex is a US-based crypto-exchange that specializes in paired cryptocurrency trades. It was founded by Bill Shihara, Richie Lai, & Rami Kawach, the former cybersecurity engineers of Microsoft, Amazon, & BlackBerry, & launched in February năm trước.

The exchange quickly grew khổng lồ become one of the best-known names in the sphere of crypto lớn trading. It uses a self-regulatory Mã Sản Phẩm - so-called Transaction Systems Based on Trustworthy Technologies Act (aka “The Blockchain Act”), which is still awaiting regulatory approval. As a result, all of its customers must undergo strict Know Your Customer (KYC) và Anti-Money Laundering (AML) procedures.

In năm ngoái, Bittrex applied for infamous Bitlicense - a mandatory license issued by the state of Thủ đô New York for every cryptocurrency business that wants lớn serve sầu the residents of Thành Phố New York State. The application was rejected in 2019 due lớn the exchange’s “seriously deficient” customer identification program. Bittrex management has denied these claims.

In 2018, the exchange joined the Virtual Commodity Association Working Group together with competing exchanges Bitstamp, bitFlyer USA, & Gemini.

In 2019, Bittrex updated its trading engine khổng lồ make the platform up lớn 20 times faster, more scalable, & enable support of new features & upgrades lượt thích USD & EUR markets. Besides, it also launched a new branch of its exchange, Bittrex Global, which is located in Lichtenstein.

As such, the exchange now operates two separate platforms that nội dung liquidity. The core Bittrex exchange focuses on serving the US cryptocurrency ecosystem, while Bittrex Global is oriented towards the international user base.

As a result, Bittrex is available to lớn crypkhổng lồ enthusiasts from all over the globe, except for residents và citizens of North Korea, Iran, The Crimean region, Syria, Cuba, and specific individuals sanctioned by the U.S. federal government.

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Source: Bittrex.com

Bittrex must comply with the Bank Secrecy Act, so all wannabe Bittrex users must pass know your customer (KYC) verification. It includes submitting the following documents:

Proof of address (like a utility bill) & country of residence.A copy of identity thẻ or passport.Your picture with a clearly visible face.

You’re miễn phí to lớn deposit, trade, và withdraw money from Bittrex exchange only after submitting & getting all of these documents verified. Naturally, corporate accounts are subjected lớn even stricter verification conditions.

Bittrex Fees

Bittrex charges a 0.2% commission fee on all trades. If a customer buys one bitcoin for USD 10,000, for example, this means they’ll pay around USD 20 in commission.


30-Day Volume (USD)Maker feesTaker fees
0 - 50,0000.200%0.200%
50,000 - 1,000,0000.120%0.180%
1,000,000 - 10,000,0000.050%0.150%
10,000,000 - 60,000,0000.020%0.100%
60,000,000 and more0.000%0.080%

Compared with competing cryptocurrency exchanges, namely Binance, Kraken, và Bitfinex, Bittrex’s base trade fees occupy the middle ground - it’s neither the cheapest nor the most expensive sầu exchange for low volume traders.


ExchangeMaker feesTaker fees
Bittrex0.200%0.200%
Binance0.10%0.10%
Kraken0.16%0.26%
Bitfinex0.10%0.20%
Coinbase Pro0.50%0.50%

When it comes to deposit & withdrawal fees, Bittrex lets you top up your verified trương mục using a bank card (VISA), wire transfer, SEPA transfer, or cryptocurrencies. VISA deposits come with a 3% fee, while wire transfer costs depend on your ngân hàng. As a rule of thumb, SEPA transfers tover to be cheaper & faster than traditional wire transfers.

Xem thêm: Cách Mở Tài Khoản Ngân Hàng Vietcombank, Cần Thủ Tục Gì

As for cryptocurrency deposits, Bittrex charges no fees whatsoever, including fiat deposits. However, it does charge for withdrawals, with their prices varying according to lớn the cryptocurrency being withdrawn.


CurrencyBittrex withdrawal feeBinance withdrawal feeKraken withdrawal fee
Bitcoin (BTC)0.0005 BTC0.0004 BTC or 0.0000038 BTC (BEP2)0.0005 BTC
Ethereum (ETH)0.01 ETH0.003 ETH or 0.000093 ETH (BEP2)0.005 ETH
Litecoin0.01 LTC0.002 LTC or 0.00064 LTC (BEP2)0.001 LTC
Monero0.0001 XMR0.0001 XMR0.0001 XMR
DASH0.05 DASH0.002 DASH0.01 DASH (instant) or 0.005 DASH (normal)

As the small sample of prices above sầu reveal, Bittrex are generally quite competitive when it comes to withdrawal fees. That said, they’re not the cheapest option out there when it comes to low-volume trading or withdrawals for any particular cryptocurrency, even if they sometimes match some of the lowest prices available (e.g., for Litecoin withdrawals as in the example above). Even so, large-volume traders are eligible for substantial discounts as their 30-day trading volume increases.

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Bittrex Security

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Source: Bittrex.com

Besides speed and efficiency, security is Bittrex’s most defining feature. The platsize employs an "elastic, multi-stage wallet strategy," which guides their secure coins movements from cold to hot wallets.

Besides, Bittrex makes use of full SSL encryption of their domain, meaning that all the data you sover lớn the exchange is secure. As with almost all exchanges, it enables two-factor authentication, letting users login securely to lớn their accounts via Google Authenticator. It also allows the two following kinds of whitelisting:

IPhường whitelisting: by ‘whitelisting’ specific IPhường addresses, users instruct Bittrex lớn authorize account activity that originates only from these addresses.Wallet whitelisting: this allows users lớn enable withdrawals only lớn specified crypto lớn wallets.

Another essential feature is Bittrex’s cross-chain recovery service. For any cryptocurrency deposit worth more than USD 5,000 (at the time of being deposited), the exchange will recover the funds if they were accidentally transferred khổng lồ a wallet of the wrong coin type.

For example, if someone deposits one bitcoin lớn a bitcoin cash wallet by mistake, Bittrex will recover it for them so long as the request is sent in within seven days of making the deposit. The exchange will, however, charge 0.1 BTC for any recovery of any cryptocurrency it lists on its platform.

All of these features work lớn make Bittrex one of the most secure exchanges out there. It has never been hacked before và is likely khổng lồ remain so in the future.

Bittrex Usability

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Source: Bittrex.com

The usability of Bittrex is somewhat different for the US and global clients. The key difference here is that the US version of the exchange lists fewer assets compared with its international counterpart.

Both versions of the exchange offer a wide range of altcoins and high liquidity in the markets, which is excellent for people interested in liquidating their positions on short notice. Nevertheless, the most significant changes have sầu occurred in Bittrex"s user interface.

The new exchange’s interface is uncluttered and user-friendly. On its main dashboard, there’s a list of supported trading markets with price overviews, volume, and percentage of price change during the last 24 hours.

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Bittrex main dashboad.

Here, you can find and navigate the following markets:

USD markets.BTC markets.ETH markets.USDT markets.EUR markets.

Bittrex has also revamped its trading view. As of now, it looks lượt thích this:

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Bittrex new trading view. Charting tools by Trading View.Order placing window for buying or selling cryptocurrencies.Bittrex markets navigation panel.Market order book, open orders, closed orders, & wallets overview.Trade history window. Main thực đơn bar.

While Bittrex doesn’t tư vấn margin trading, there are also the following trade types to engage in:

Market ordersLimit ordersStop limit ordersLadder limit ordersGood-Til-canceled ordersImmediate-Or-Cancel orders

Completing transactions is relatively painless, with deposits và withdrawals being faster than usual thanks khổng lồ Bittrex’s automated monitoring system.

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Bittrex Smartphone App

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Source: Bittrex.com

If for some instance, you cannot access Bittrex through the website, it also has convenient điện thoại apps for Android & iOS devices. It allows you to deposit, withdraw, follow, and trade all Bittrex’s supported markets on the go and is an excellent tool for trading on the go.

Customer Support

Bittrex has a slightly better customer support team than other exchanges. The main support page is on Zendesk. Here, you can find, file & review support tickets, feature requests (like forms to enable a fiat deposits feature for you), or learn about all sorts of platform-related matters like frequently asked questions (FAQ), site information, news & announcements, coin information, Mobile ứng dụng user guides, and much more.

Asides from the Zendesk, Bittrex customer tư vấn is reachable via:

SlackTwitterFacebook

Despite these plus points, enhanced tài khoản verification has been troublesome for some users, with a small minority complaining in Dec 2017 of an inability lớn withdraw their funds as a result.

Similarly, in October 2017, it disabled around 0.1% of total user accounts as part of a systemwide compliance nhận xét. In other words, it may be one of the safest large exchanges on the website, but this security can sometimes create inconveniences for individual users.

Bittrex Deposit và Withdrawal Methods

To deposit funds to lớn an existing Bittrex trương mục, you can either transfer them from an existing crypto wallet or make a fiat deposit. The exchange supports two types of fiat deposits:

Using a ngân hàng thẻ (VISA only)Using a wire transfer (regular or SEPA)

Added khổng lồ this, you need khổng lồ have a “verified” account, which requires scans of a valid ID (e.g., passport), a copy of a recent bill or statement, & a recent selfie.

For USD or EUR deposits, you have to lớn verify your tài khoản và get your bank tài khoản whitelisted by submitting a request via the Bittrex customer service desk. This may take a few business days, và wire transfer deposits usually take several business days to get credited. The deposit fees tkết thúc to lớn vary based on your ngân hàng fees. The minimum deposit amount is USD 50, while there is no maximum limit on how much money you deposit.

As a US trader, you must be from one of the approved states khổng lồ be eligible for fiat trading.

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States approved for Bittrex USD trading. Source: Bittrex Zendesk.

Bank thẻ deposits are much faster, but it will cost you an extra 3% on top of the deposit amount per transaction.

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Making a bank card deposit. Only VISA cards are supported.

When it comes khổng lồ withdrawal of funds or assets, you’re không lấy phí khổng lồ withdraw both fiat and crypto-assets. Cryptocurrency withdrawal fee varies according to lớn a selected coin but is rather minimal (see the fees Reviews section above).

Fiat withdrawals require you lớn have a verified ngân hàng trương mục tied khổng lồ your Bittrex account. A fiat withdrawal straight lớn your bank tài khoản can take up to lớn 10 days. The minimum withdrawal amount is USD 50 or its equivalent. Bittrex does not charge any fees for fiat withdrawals, too. However, there might be extra charges on behalf of your ngân hàng, so check with it beforeh&.

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Conclusion

Bittrex is a veteran exchange that is safe & easy lớn use. With all of the recent updates, it once again became one of the more attractive sầu trading options in the cryplớn market. It does not have sầu controversial features lượt thích margin trading, but it does let allow you sell your coins for USD or EUR and withdraw them directly into lớn your bank trương mục. So if you’re looking for a fiat-to-crypkhổng lồ exchange with a wide range of altcoins, Bittrex is a trustworthy choice.