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Bittrex

3.7 from 6 votes
USA
Supported coins

Fees

Taker fee

0.25%

Maker fee

0.25%

Withdrawal fee

0.001

Funding methods

Wire transfer

Limit(s):

Starting from 100,000 USD

Credit card

Limit(s):

Starting from 100,000 USD

Other crypto

Limit(s):

Starting from 100,000 USD

US investors permitted


Bittrex Review

A trading cryptocurrency guide must provide reviews of all of the top crypto exchanges out there, so that you can find the best cryptocurrency exchange site for you. This review of Bittrex consists of four parts: general information, fees, deposit methods and security.

General Information

Bittrex considers itself a global leader in the revolution of blockchain revolution. They refer to their platform as a platform designed for people who require “lightning-fast” trade execution, secure digital wallets and industry-leading industry practices. Bittrex also work as a “Blockchain Incubator”, meaning that they – in order to promote global innovation in the business – work with teams globally to help new, inventive tokens that have the potential to transform the way goods, services and operations are managed in the world.

Bittrex is one of the more known exchanges in the USA. As they are based in the USA, they also naturally permit US-investors. America is in many ways the ruler of cryptocurrency right now. It has a very impressive number of cryptocurrency exchanges and a large part of the everyday cryptocurrency trading occurs on American exchanges or on other exchanges but involving American traders. A few of the cryptocurrency exchanges coming from the USA are Coinbase, Gate.io, Paxful and Bitquick.

Bittrex Fees

Bittrex Trading fees

How about the fees then? Well, Bittrex is one of those cryptocurrency exchanges who don’t charge different fees between takers and makers. Usually, it is called that such exchanges’ trading fees are “flat”. Bittrex offers a flat trading fee of 0.25%. For investors who prefer to act on existing orders from the order book, this might be an attractive trading fee model.

Bittrex’s flat fees are in line with the industry average which actually is around 0.25%.

Bittrex Withdrawal fees

Many exchanges have competitive trading fees but then hit you on the way out with their withdrawal fees. Let’s say you have reached your investment goals and you are looking to buy house with bitcoin. But in order to buy the house, you need to withdraw the funds. And BAM! – the exchange can make up for its low trading fees when you’re halfway out the door. Does Bittrex do this?

No. Bittrex charges a withdrawal fee amounting to 0.001 when you withdraw BTC. This is also in line with industry average.

Deposit Methods

Bittrex offers wire transfer as a deposit method, but you can’t deposit via credit card. This might of course be disadvantageous if you would prefer to use your credit card for any reason.

Security

One might ask why security is even a feature that we at Cryptowisser have looked for at the different top crypto exchanges. Two reasons:

  • Exchanges store a massive amount of valuable personally identifiable information. From names to addresses, to government identification details, taxpayer identification number and a lot more; and
  • Exchanges handle of course a lot of cash or coin deposits and withdrawals.

Bittrex’s security score is B, when performing the test at Observatory by Mozilla (https://observatory.mozilla.org/). This is far above average when it comes to top crypto exchanges and could also be a factor making you conclude that Bittrex is the best cryptocurrency exchange site for you.

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If you have concluded that this is the exchange for you, congratulations! Go for it. But if not, please use our Exchange Finder here to find out which exchange has the best cryptocurrency exchange site for you.

Good luck!

Bittrex compared with other cryptocurrency exchanges
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