Revolut (crypto) vs Bittrex: Fees, Coins, Safety Comparison
| Feature | Revolut (crypto) | Bittrex |
|---|---|---|
Overall |
3.1 |
3.9 |
3.1 |
4.1 |
|
2.1 |
3.8 |
|
3.8 |
4.5 |
|
Investment Instruments |
4.1 |
3.8 |
Platforms and Charting Tools |
2.9 |
4.1 |
Deposit and Withdrawal |
4.2 |
3.7 |
Research |
1 |
3.9 |
Education |
1 |
3.7 |
Support |
4.2 |
3.9 |
Bonuses |
3.9 |
2.3 |
Revolut (crypto) vs Bittrex: Pros and Cons
Revolut is a British fintech company that has been providing investors with accounts for trading precious metals, cryptocurrencies, and stocks listed on U.S. exchanges since 2015. The broker offers its clients access to investing in stocks and ETFs on European stock exchanges. For organizations and private clients, the company offers a multi-currency account with the possibility of exchanging currencies at the current inter-bank exchange rate. Revolut is supervised by the Financial Services Authority (FSA).
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.
| Revolut (crypto) | Bittrex | |
|---|---|---|
| Overall Pros | minimum trade is only $1 | Convenient and functional interface of the trading app |
| Buying and selling crypto without openning crypto exchange account | You can trade on the exchange through third-party terminals | |
| 458 supported coins | ||
| ability to invest in stocks, crypto, fiat deposits etc | high level of data and asset security | |
| setting financial goals with Vaults option | high-speed deposits and withdrawals of funds; | |
| there is algorithmic trading via API. | ||
| New tokens launchpad | ||
| Overall Cons | Only 21 supported coins | Unregulated exchange |
| No options for active trading | No futures trading | |
| Revolut's cryptocurrency service is not regulated by the FCA | High fees | |
| High fees |
Revolut (crypto) vs Bittrex: Safety and Regulation
| Regulated By: | Revolut (crypto) | Bittrex |
|---|---|---|
Government-regulated |
||
U.S Regulated |
||
FCA U.K Regulated |
||
Germany Regulated |
||
AMF in France Regulated |
||
Spain Regulated |
||
DFSA in UAE |
||
Singapore Regulated |
||
Australia Regulated |
||
Seychelles Regulated |
||
Other countries |
Revolut (crypto) vs Bittrex: Trading Conditions
| Trading Conditions | Revolut (crypto) | Bittrex |
|---|---|---|
Minimum deposit, USD or USDT |
||
Futures leverage |
||
Spot leverage |
||
Supported Coins |
||
Trading platform |
||
DFSA in UAE |
||
P2P |
||
Perpetual contracts |
Revolut (crypto) vs Bittrex: Fees
| Fee | Revolut (crypto) | Bittrex |
|---|---|---|
Spot Taker fee |
||
Spot Maker fee |
||
Futures Taker fee |
||
Futures Maker fee |
||
Deposit fee |
||
Withdrawal fee |
||
P2P taker fee |
||
P2P fee rate, maker fee |
Revolut (crypto) vs Bittrex: Trading Assets
| Asset Name | Revolut (crypto) | Bittrex |
|---|---|---|
Coins Supported |
||
P2P |
||
Perpetual contracts |
||
NFT |
||
Crypto Options |
||
Futures |
Revolut (crypto) or Bittrex: Investment Programs
| Asset Name | Revolut (crypto) | Bittrex |
|---|---|---|
Staking |
||
Copy trading |
||
Yield farming |
||
Affiliate program |
||
Trading Platforms: Bittrex or Revolut (crypto)
| Revolut (crypto) | Bittrex | |
|---|---|---|
Web |
Yes |
Yes |
Desktop |
No |
No |
Mobile (Android, iOS) |
Yes |
Yes |
Trading Platforms Features: Bittrex or Revolut (crypto)
| Revolut (crypto) | Bittrex | |
|---|---|---|
SMS Based 2 FA |
no |
Yes |
App Based 2 FA |
no |
Yes |
Voice Call 2 FA |
no |
No |
Search Bar |
no |
Yes |
Filters |
no |
Yes |
Technical Analysis: Bittrex or Revolut (crypto)
| Revolut (crypto) | Bittrex | |
|---|---|---|
Indicators |
No |
Yes |
Drawing tools |
No |
Yes |
Historical Trades |
Yes |
Yes |
Live 2 Quotes |
No |
Yes |
Mobile trading: Bittrex or Revolut (crypto)
| Revolut (crypto) | Bittrex | |
|---|---|---|
iOS Version |
Yes |
Yes |
Android Version |
Yes |
Yes |
Apple Watch App |
No |
No |
Touch ID |
No |
No |
Face ID |
No |
No |
Types of orders: Bittrex or Revolut (crypto)
| Revolut (crypto) | Bittrex | |
|---|---|---|
Market |
Yes |
Yes |
Limit |
Yes |
Yes |
Stop Loss |
Yes |
Yes |
Stop Limit |
Yes |
Yes |
Trailing Stop |
No |
No |
Revolut (crypto) vs Bittrex: Deposit and Withdrawal Methods
| Deposit and Withdrawal Method | Revolut (crypto) | Bittrex |
|---|---|---|
Bank Transfer |
Yes |
Yes |
Credit/Debit Card |
Yes |
Yes |
Electronic Wallets |
No |
No |
Crypto |
Yes |
Yes |
Revolut (crypto) vs Bittrex: Research
| Research Type | Revolut (crypto) | Bittrex |
|---|---|---|
News Feed |
No |
Yes |
Fundamental Data |
No |
Yes |
Chart Analysis |
No |
No |
Trading Ideas |
No |
No |
E-Mail Reports |
No |
Yes |
Revolut (crypto) vs Bittrex: Education
| Education Type | Revolut (crypto) | Bittrex |
|---|---|---|
Demo-account/Paper Trading |
No |
Yes |
Courses |
No |
Yes |
Articles |
No |
Yes |
Videos |
No |
Yes |
Webinars |
No |
Yes |
Bittrex vs Revolut (crypto): Support
| Support Features | Revolut (crypto) | Bittrex |
|---|---|---|
Working Days |
24/7 |
24/7 |
Yes |
Yes |
|
Phone |
No |
No |
Online chat |
no |
Yes |
Other |
community support, app-based chat |
Tickets |
Revolut (crypto) vs Bittrex: Crypto Bonuses and Promo
| Promo | Revolut (crypto) | Bittrex |
|---|---|---|
Crypto Bonus |
$50 Welcome Bonus. This Promotion is open to new Revolut retail customers who live in the United States. This Promotion runs from April 7, 2022 until June 30, 2022. |
No |
Affiliate Program |
The impact is a referral program in which you need to be a Revolut customer to participate. Depending on which plan the connected referral chooses, the partner is paid from £2 to £20. Payments are calculated and made every month. After approving the request, the company gives the partner a unique link and materials to be placed and promoted on websites. The partner can track the number of link clicks and referrals in his personal cabinet. |
Up to 10% of referrals fees |
Top 5 Reviews on Bittrex
-
Comment
I advise you not to mess with Bittrex. And don't trust this broker, you won't be able to earn any money here, and you won't be able to withdraw your own if you want. I ended up with 600 bucks. It's all for the fool. It's hard to feel like this, but what can you do...
-
Comment
Bittrex is a medium format kitchen with good advertising. The gullible trader is underway. The terminal is buggy, with the withdrawal of big problems. In short, don't mess with them. There are a lot of adequate companies, but this is not Bittrex for sure!
-
Comment
I started trading on Bittrex in 2016. I tried other trading platforms from time to time but decided to stop at this one. There are no additional opportunities for earning money such as investment programs, risk-free transactions, etc. It is difficult to find something better specifically for independent trading. The mobile application is gorgeous. Deposit account replenishment and withdrawals contain no problem. Usually, I use a Mastercard card. Plus, it should be noted that the platform provides a multi-currency account where you can store your assets for free. For five years of interaction with this exchange, I have never used the support team. This is a good indicator.
-
Comment
The Bittrex exchange has really impressive trading volumes, so there are no problems with liquidity. Finding a buyer or seller is easy. One of the factors of successful trading is also a smart and functional terminal and the execution of transactions without problems. The only drawback that I noted is the lack of convenient channels for contacting technical support. Because there is no call center, you have to use the ticket system or mail, which is not very convenient.
-
Comment
I already use Bittrex. There is no direct connection with the technical support service and there is no demo either. I had to learn the functionality of the terminal by trial and error, but it did not take much time. The platform is simple and works without bugs, and the execution of transactions is really excellent. In addition, the variety of cryptocurrencies and tokenized assets are available for purchase and sale.
Top 5 Reviews on Revolut (crypto)
-
Comment
I’ve had a good experience with Interactive Brokers, particularly because of its low fees. As someone who trades frequently, the tiered commission structure works great for me since I can get better rates with higher volumes. I started out with the demo account to test the platform and it lived up to the expectations. The platform also gives access to so many different assets, from stocks to options to even metals, which fits well with my strategy. It’s definitely not the easiest for beginners, but for seasoned traders, the tools and flexibility are unmatched.
-
Comment
When I first opened an account with Revolut, I wasn’t expecting much since I usually associate Revolut with just basic banking services. But to my surprise, the trading platform feels quite smooth. The app interface is probably the best thing. It’s clean, and switching between different markets like Forex, stocks, and even crypto is seamless. I don’t need to hop between tabs too much. One cool thing is how fast the transactions get confirmed, especially compared to other apps I’ve used before. Also, I appreciate that I can trade with just small amounts, no big deposits needed. It’s perfect for someone like me who doesn't want to go all in right away. Though, I wish the educational tools were a bit more in-depth for those who are just starting out.
-
Comment
I’ve been using Revolut for a while now, and the experience has been smooth. What I love most is the flexibility with multi-currency accounts is that you can exchange between currencies without any hidden fees, which is a big plus. The app interface is clean and easy to use. Transfers are usually fast, but I’ve noticed that sometimes deposits and withdrawals can take a bit longer to confirm. Also, one thing that I don’t like is their website pop-ups. Almost everything leads to this annoying pop-up I have attached. In fact, the way to contact their customer support through the website isn’t clear as well. Unexpected from such a sophisticated company.
-
Comment
Trading here goes without problems. Now I’m learning everything little by little, since I haven’t been on the stock market that long. Reviews prove that this company is good and I saw it myself after trading here for 3 months.
-
Comment
I’ve been using the services of Revolut Bank for a year and everything is fine. I received a card, everything is quite convenient, and transfers are fast. The mobile application is not bad. The only problem, in my opinion, is confirmation of deposits and withdrawals, which can take quite a long time sometimes.
FAQs
What should I start Crypto trading with?
For starters, you need to learn what crypto trading is, understand what cryptocurrency is and the risks and opportunities cryptocurrency trading has. It is also important to learn the existing strategies. The second step is to choose the best crypto exchange with good trading conditions. A demo account that you can use to gain valuable experience risk free is an important advantage of an exchange.
What amount should I start trading with?
It is recommended to start trading cryptocurrencies with a small amount. That way, if you partially lose it, it won’t pose a serious financial problem for you. This is because cryptocurrencies are highly volatile, which carries certain risks for novice traders. The majority of cryptocurrency exchanges allow traders to start from a small amount – from $1 to $50 or its cryptocurrency equivalent.
What should I take into consideration when choosing a crypto exchange?
The first thing experts recommend looking at when considering crypto exchanges is their reliability. Other important features include basic trading conditions, commissions and fees, customer reviews. If crypto exchanges are approximately the same in terms of basic criteria, you need to choose based on your experience and tasks. One crypto exchange may be good for professionals and another – for novice traders.
Can a cryptocurrency exchange turn out to be a scam?
Unfortunately, this does happen. Therefore, it is better to choose cryptocurrency exchanges that have been operating in the market for at least several years and have a stable reputation. Regulation of an exchange in one of the countries with high legal culture is also an advantage.
Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.