Bittrex stands as one of the world's largest cryptocurrency exchanges, boasting over €200 million in daily trading volume. With more than 700 markets and 260+ listed coins, it offers an unparalleled trading experience. This guide will walk you through everything you need to know about Bittrex, from registration to advanced trading features.
What is Bittrex?
Bittrex is a regulatory-compliant crypto exchange, offering services in select jurisdictions. Known for its ease of use and robust security, it has never suffered a direct platform hack—only isolated user account breaches. Over the years, Bittrex has enhanced its security protocols, making it one of the most secure exchanges available.
Key Features:
- 700+ trading markets
- 260+ cryptocurrencies
- Strong compliance with global regulations
- User-friendly interface for beginners and intermediates
The Complete Guide to Bittrex
Founded in 2014, Bittrex has grown into a reputable platform for buying, trading, and cashing out cryptocurrencies. Below, we break down its history, registration process, and trading tools.
The History of Bittrex
Launched by three cybersecurity engineers, Bittrex initially focused on secure wallets and spot trading. It has since expanded its offerings while maintaining a zero-hack record. The exchange holds multiple regulatory certifications, requiring KYC verification for all users.
How to Buy Cryptocurrency at Bittrex
Bittrex enforces strict verification to comply with global regulations. Depending on your location, features like leverage trading may be restricted (e.g., unavailable in the USA and Europe).
Required Documents for Verification:
- Passport
- Driver’s license
- National ID card
Verification is handled via Jumio, ensuring a smooth and secure onboarding process.
Step-by-Step Guide to Buying Crypto
Registration
- Visit Bittrex’s website and sign up with your email.
- Choose between a personal or business account.
Verification
- Submit ID documents and a selfie.
- Answer additional questions (e.g., income source) if prompted.
Depositing Funds
- Deposit EUR or USD via bank transfer or credit card (3% fee for card deposits).
- Bank transfers take 1–3 business days.
Buying Crypto
- Navigate to "Instant Buy & Sell" and select your desired cryptocurrency.
- Enter the amount and confirm the transaction.
👉 Explore Bittrex’s trading pairs
Sending Crypto to External Wallets
While Bittrex is secure, long-term storage on exchanges is risky. To withdraw:
- Set up a private wallet (e.g., Ledger, Trezor).
- In Bittrex, go to Holdings → Select asset → Withdraw.
- Enter your wallet address and confirm (triple-check the address!).
Note: Withdrawals take ~30 minutes to process.
Fees and Limits
- Trading Fees: 0.75% for makers/takers (reduces with higher volume).
- Withdrawal Fees: Network-dependent (e.g., Bitcoin network fees).
- Deposit Fees: 3% for credit cards; free for bank transfers.
Security Features
Bittrex offers multiple layers of protection:
- Two-Factor Authentication (2FA) (Google Authenticator recommended).
- Withdrawal Whitelist to pre-approve wallet addresses.
- Device Manager to monitor active logins.
- IP Whitelisting (advanced users only).
Pros and Cons
✅ Pros:
- High liquidity (€200M+ daily volume).
- Strong regulatory compliance.
- Extensive coin selection.
❌ Cons:
- No leverage trading for US/EU users.
- Limited fiat deposit options (EUR/USD only).
FAQ
What currencies does Bittrex support?
Only EUR and USD for fiat deposits, but 260+ cryptocurrencies are available for trading.
Is Bittrex available worldwide?
Most countries are supported, but some features (like leverage trading) are geo-restricted.
Does Bittrex charge high fees?
Fees are mid-range—0.75% for most trades, with discounts for high-volume traders.
Can I stake crypto on Bittrex?
Currently, staking is not supported.
Final Verdict
Bittrex is a solid mid-tier exchange ideal for intermediate traders seeking a balance of security and functionality. While it lacks advanced features like staking or high leverage, its regulatory compliance and user-friendly design make it a reliable choice.
👉 Start trading on Bittrex today
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