This is Bittrex review is brief yet informative and encompasses some of the major aspects of the crypto exchange that are important for novice parties to know about. The more you know about a platform, the easier it can be for you to determine if the platform is suitable for you to use or not.
On the other hand, if you opt for an exchange without proper research you can end up buying or trading crypto through a platform that does not suit your needs and makes the overall process difficult for you. This is why, it is essential to be mindful of the features offered by an exchange before you choose it so you can opt for the best platform.
Bittrex was launched in 2014 and is one of the most well-known exchanges in the world. It is based in the USA and enables the users to buy, sell or trade digital currencies without any inconveniences or problems. It is a popular platform that extends its services to more than 500,000 users all around the world.
To know more about the platform, specifically the Bittrex fees, its benefits and more you should know the details mentioned below.
Bittrex Review – Impressive Trading Platform
Bittrex is one of the top choices for a large audience around the world interested in crypto trading. Several crypto exchanges in the world offer support to crypto trading. However, they all offer different kinds of features and services.
This is why, before you choose an exchange and start trading crypto you need to know what the chosen platform has to offer. The Bittrex exchange is one of the best platforms to look at because of its trading interface and remarkable matching engine.
The user interface was upgraded in 2018 and has been made even more simpler for people who are new to crypto trading.
The matching engine of the exchange is not second to anything else either and is custom-built. It is highly powerful and executes all trades without any delays or inconveniences. The matching engine takes nanoseconds to execute the orders and also matches the market taker and maker at the same time.
Safety Offered by Bittrex
One of the biggest benefits of the platform mentioned in this brief Bittrex review is the safety it offers to the users. This is one of the best crypto platforms in the market in terms of the level of safety and security it offers. This can be determined by the fact that it makes use of cutting-edge security protocols that keeps the accounts, funds and information of the users safe from any kind of cyber threat or failure.
One of the biggest perks of the exchange is that its security has never been compromised. The team behind the platform comprises of professionals with expertise in computer securities.
Here are some of the top-of-the-line security protocols used by the exchange.
- Two-Factor authentication (2FA) for withdrawal
- Full Secured Socket Layer (SSL) encryption
- Elastic multi-stage wallet
Support for Fiat and Digital Currencies
Another benefit of the exchange as mentioned in the Bittrex review is that it offers support to both fiat and digital currencies.
The platform started as a crypto-to-crypto platform but then it later on evolved and introduced 2 fiat markets as well. This made the exchange more accessible and attracted a large audience towards the platform.
The fiat currencies available for the users on the exchange include Euro and U.S. dollar.
Fee Charged by the Exchange
This review talks about some of the major aspects of the platform that are crucial for all potential users to know. This includes the Bittrex fees structure that includes trading fees and withdrawal fee for both types of currencies supported.
As a potential user of the exchange you should know that the platform enables people to withdraw both fiat and digital assets. However, the fee that you are required to pay varies.
Here are the details, you need to know.
Withdrawal fee for digital assets:
- Withdrawal fees varies from one cryptocurrency to another.
Withdrawal fee for fiat currencies:
- No fee for withdrawals
The minimum amount of withdrawal is $50 and fiat assets can be withdrawn through wire transfers.
- Varies from one blockchain to another and fluctuates on the basis of traffic on the network.
The trading fee is based on the market maker and taker model and depends on the 30-day trading volume. Here are the details to know about.
- Market makers: 0.00% to 0.75%
- Market takers: 0.05% to 0.75%
The exchange is known to charge one of the best and transparent fees. Which is an important aspect mentioned in this Bittrex review.
As a new crypto investor or trader, if you are looking for a crypto exchange you can consider using the Bittrex exchange. The benefits mentioned above in this brief Bittrex review can help you make an informed decision.