Bittrex Review 2024
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $1
- Proprietary platform
- Convenient trading terminal with advanced functionality, stop loss and take profit, many crypto-crypto and crypto-fiat pairs, high level of data protection, no investment
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $1
- Proprietary platform
- Convenient trading terminal with advanced functionality, stop loss and take profit, many crypto-crypto and crypto-fiat pairs, high level of data protection, no investment
Our Evaluation of Bittrex
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Bittrex is a high-risk cryptocurrency exchange with the TU Overall Score of 2.89 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Bittrex clients on our website, Traders Union expert Anton Kharitonov does not recommend working with this broker, as, according to reviews, most clients are not satisfied with the broker. Bittrex ranks 142 among 172 companies featured in the TU Rating, which is based on the evaluation of 100+ criteria.
Bittrex cryptocurrency exchange provides all the basic and advanced features for trading in the global cryptocurrency markets. Their trading terminal is convenient and intuitive. Commission fees are average for the market (0.75% for the taker and maker at the first trading level). They take measures to provide you protection against fraud and hacker attacks. The exchange is clearly aimed at active trading, since it does not offer investment programs, and the referral program brings no more than 10% of the commissions of invited users.
Brief Look at Bittrex
The Bittrex exchange is a platform for buying and selling cryptocurrencies and tokenized assets with a proprietary trading terminal and support for third-party terminals. Bitcoin, Ethereum, Tether, Cardano, XRP, and other cryptocurrencies are traded on this exchange. Fiats are represented by Euros and US Dollars. They have a trading terminal in the form of a web version for a PC and a mobile application for iOS and Android. There is a one-level referral program, but no investment programs. There is no basic verification, only an extended KYC verification. All major options for depositing funds, including MC and Visa cards are available. They use the cold method of storing cryptocurrencies, the site uses the latest protocols for protecting user data. There are no demo accounts or tutorials on the crypto exchange.
- convenient and functional interface of the trading application;
- you can trade on the exchange through third-party terminals;
- there are almost all the most popular cryptocurrencies;
- high level of data and asset security;
- there are no restrictions on regions and trading strategies;
- high-speed deposits and withdrawals of funds;
- there is algorithmic trading via API.
- there are no investment programs;
- there is no training materials for beginners;
- fiat is only represented by euros and US dollars
TU Expert Advice
Financial expert and analyst at Traders Union
Bittrex Global GmbH is the parent company of the Bittrex exchange, which was founded in 2015. The headquarters of the company is located in Liechtenstein. The company’s activities are regulated by the financial laws of Liechtenstein and the European Union. The Bermuda Securities Commission acts as an additional international regulator.
The crypto exchange offers a proprietary trading terminal. It comes in a browser version but you can also install a mobile application on smartphones running various OSs. A typical setup has all the main features, including charts with indicators, stop loss, and take profit functions. you can expand the functionality of the trading terminal using API solutions.
The Bittrex exchange provides market average fees that can be reduced in two ways – by increasing trading volume and using bonuses from the Traders Union. There are two types of accounts, private and corporate. You can register a corporate account on individual terms. You can also cooperate with business projects.
There are no major disadvantages in the work of this crypto exchange. There are no technical failures or vulnerabilities. The crypto exchange is convenient for experienced traders and potentially convenient for beginners, too. But please note Bittrex doesn’t offer demo accounts or tutorials.
Bittrex Summary
| 💻 Trading platform: | Proprietary platform |
|---|---|
| 📊 Accounts: | Personal, corporate |
| 💰 Account currency: | Cryptocurrencies, EUR, USD |
| 💵 Replenishment / Withdrawal: | Bank cards (Visa/MC) and wire transfers, cryptocurrency wallets, Sepa |
| 🚀 Minimum deposit: | from $1 |
| ⚖️ Leverage: | 1:1 |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | from 0 |
| 💱 Commission: | market |
| 🔧 Instruments: | Cryptocurrencies, EUR, USD |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Orders execution: | N/A |
| ⭐ Trading features: | Convenient trading terminal with advanced functionality, stop loss and take profit, many crypto-crypto and crypto-fiat pairs, high level of data protection, no investment |
| 🎁 Contests and bonuses: | N/A |
Bittrex does not set significant limits on the minimum deposit. The user independently regulates his financial activities on the crypto exchange, entering any available assets in any volume. There is no leverage for trading. The technical support of the exchange works 24/7, however, you can contact it only by email or through the ticket system in the corresponding section of the site. The exchange is also represented on large social platforms like Facebook, which can be considered as channels for operational communication. The table below shows the main trading conditions of the exchange:
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Commissions and fees
There are currently nine trading levels. At the lowest—the first level—with a trading volume of up to USD 5,000, the taker/maker’s commissions are 0.75% of the transaction amount. At the highest—the ninth level—has a trading volume of 100,000,000 US dollars, the maker’s commission is 0.0%, the taker’s commission is 0.05%.
| Account type | Commission (minimum value) | Withdrawal commission |
|---|---|---|
| Standard | 0.75% per order | Yes |
Bittrex Global calculates 30-day trading volume daily, updating the calculation for each account and the trading commission schedule from 00:30 UTC to 01:30 UTC. The user can check their current 30-day volume by logging in and going to the Account>My Activity tab. Please note that there are withdrawal fees. To compare commission fees, the table below shows data for several exchanges:
| Broker | Average commission | Level |
|---|---|---|
|
$0.75 | |
|
$20 | |
|
$0.1 |
Investment Options
Bittrex does not provide investment programs. The referral program is the only opportunity for passive earnings on this crypto exchange. The company is focused on active trading in cryptocurrencies and tokenized assets; thus, that is the main source of income for traders who cooperate with this exchange.
If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.
Bittrex’s affiliate program
Bittrex offers a standard referral program, under which each user can invite other users to the crypto exchange and receive income from their trading. Here are the terms of the referral program:
After registering and confirming the data in your personal account of the web terminal or mobile application, you get access to the referral link.
You can post this link in any closed or open-source application to attract clicks.
Each user who follows your link and registers with the crypto exchange website will bring you income.
The crypto exchange will pay you 10% of the commission fees of your referral for all trading operations.
There is no limit on the number of referrals, and you can invite as many users as you want. This is a single-level program, which means that you only receive income from those users whom you have personally invited. But not from the trade of users invited by your referrals. The program is not limited in time, that is, you receive income for as long as your referral trades on this crypto exchange.
User Satisfaction