ACH payments for deposits and withdrawals in fiat currency are free on the Bittrex platform, however, wire transfers carry a $25 withdrawal charge. However, credit and debit card deposits may incur a fee depending on the user’s location and the card issuer. VIP status is awarded based on the user’s trading volume over a 30-day period. However, it’s worth noting that the availability of these currencies may vary based on the user’s location and the payment method used.

• In addition, there is the added option of buying crypto via the spread-only method.
• The platform employs two-factor authentication, IP whitelisting, and other security measures to protect user funds.
• Bittrex has implemented a variety of account settings that investors can utilize to secure their accounts better.
• Bittrex supports over 326 cryptocurrencies, but some notable assets are missing.

Additionally, Bittrex has an AI chatbot that can direct users to the article that best matches their problem. The Bittrex mobile app is designed well for anyone wanting to spot trade without using a desktop platform. As such, although it’s possible to place orders, traders looking to find opportunities while on the go will need to utilize a third-party tool like TradingView. However, it’s worth noting that Bittrex’s trading platform on mobile does not feature any analysis tools or margin trading capabilities. After finding an asset to trade, the user can easily open a position using the order-book-based interface.

Bittrex Review: Features, Fees, Pros, Cons & How It Compares

However, Bittrex optimizes the procedure by typically verifying users within ten minutes. This process can be complicated on other platforms, often involving repeated submissions and uploads of documents. Bittrex requires its users to complete their profiles by entering personal data like date of birth, full name, home address, and country of residence/nationality. As real funds are involved, it’s no surprise that security is of paramount importance. So, it’s essential to be aware of the supported currency for your region.

Low fees?

While we are independent, the offers that appear on this site are from companies from which Finder receives compensation. Finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. He has written for many crypto news organizations, including The Merkle and Benzinga. We have an extensive list of exchanges. To register, you can simply go to Bittrex official website and create your new account. You must add Bitcoin first to your Bittrex account to be able to buy Reddcoin or other digital coins.

Trading Tools and Features on Bittrex

There is no fee for U.S. dollar deposits or ACH transfers. Bittrex imposes a 3% fee on debit card transactions and a $25 fee for wire withdrawals. This feature underscores Bittrex’s commitment to providing a seamless trading experience. Although Bittrex currently does not offer margin trading, it has conveyed plans to introduce this feature.

Trading Fees#

However, users will quickly discover that it’s run by a bot, and you can’t directly chat with an agent when facing difficulties. To this effect, it uses the most effective, reliable, and secure technologies to hold users’ funds in escrow while they trade. We believe the safety of your investment should be a top priority when choosing a cryptocurrency exchange. Demo accounts help novices to get used to the advanced trading tools before they start actual crypto trading.

Useful Tools

Bittrex is classified into three categories, including New/ Unverified accounts, Basic accounts, and bittrex review Enhanced accounts. Moreover, transactions made through credit cards to debit cards are instantly and cost a minimal fee of approximately 3% per transaction. Bittrex exchange mainly operates around this concept due to various reasons.

Available in 45 U.S. states pre-2023 and globally via Bittrex Global, it required KYC (ID verification), which was swift but mandatory. These features made Bittrex versatile, but its closure renders them historical footnotes in 2025. While some unclaimed funds linger in bankruptcy proceedings, Bittrex no longer operates as an active exchange. As of March 24, 2025, Bittrex Global has officially ceased all trading activities following its 2023 closure announcement. The U.S. Securities and Exchange Commission (SEC) sued Bittrex in April 2023, alleging it operated as an unregistered exchange, broker, and clearing agency.

Bittrex Review: Conclusion

The exchange employs advanced technologies, such as multi-layer protection and cold wallet storage, to safeguard user funds and personal data. One of Bittrex’s standout features is its focus on security. This extensive selection allows traders to diversify their portfolios and explore various investment opportunities. The SEC lawsuit and bankruptcy marked the end of an era, leaving traders to seek alternatives. Compared to Kraken’s phone support, Bittrex lagged—a con for beginners needing help, per this Bittrex review. User account hacks occurred due to poor personal security (e.g., reused passwords), but Bittrex’s infrastructure held firm.

• No, Bittrex no longer operates a crypto exchange for U.S. customers.
• Despite some users being satisfied with its offerings, mixed user feedback reflects issues such as bittrex account lockouts and identity verification problems.
• Available in 45 U.S. states pre-2023 and globally via Bittrex Global, it required KYC (ID verification), which was swift but mandatory.
• The information about a specific cryptocurrency exchange or trading platform in reviews and guides may differ from the actual provider’s website.

You should always consider an exchange platform’s fees before deciding to trade on it. Check out if it’s the right platform for you to trade, sell and buy digital cryptocurrencies. As a crypto trader, you should be looking to trade your hard-earned coins and tokens on the best cryptocurrency exchange platform available.

In crypto, these passwords are called private keys and they are kept safe in wallets. To do this, you need to log in to your Bittrex account. Now that you’ve got some coins, you can send them to Bittrex and start trading with it.

Bittrex Customer Support

Apart from this, Bittrex Global provides various traits such as trading fees, spot and limit trading, and liquidity pool. Moreover, the regular trading fees charged by Bittrex Global are higher than those of competitors such as Binance, which could potentially erode profits. However, despite its strengths as a spot exchange, Bittrex falls short in terms of offering common services like margin trading, crypto loans, and savings options. The mobile app has a user-friendly interface that is easy to navigate, making it a convenient option for users who prefer to trade on their mobile devices.

For example, an investor purchasing $10,000 worth of Bitcoin using a debit card will have to pay a fee of $300. All of them are listed on prominent stock exchanges like NASDAQ and NYSE. Investors will be pleased to discover that they can trade tokenized stocks on Bittrex. Investors should note that leveraged tokens should be traded with caution on Bittrex. The most popular trades in this section include XYM/BTC, ADA/BTC, DOGE/BTC, and ETH/BTC.

Bittrex charges a maker-taker fee structure, with rates starting at 0.35% per trade. Understanding the fee structure is crucial for any trader. The platform includes detailed charts, advanced trading tools, and an efficient trading engine for seamless transactions. Bittrex has a clean and intuitive interface, catering to both beginners and professional traders. These measures make Bittrex legit and trusted by its users.

Open an Account

To do this, click on the ‘-’ icon on your account screen and enter the address where you want to send currency. When you’ve been trading for a while your wallet will look something like this. Select MARKETS to choose the currency you want to trade. I hope you’re still awake because you’re ready to start trading! Now, go to CONFIG and select Bittrex as your exchange. Before you make your first trade, you need to change a few settings so that Bittrex is legally allowed to help you trade.

This was because Bittrex was accused of due diligence in its documenting procedures for new users. On January 14, 2019, Bittrex created an over-the-counter (OTC) trading desk to cater to crypto orders with values exceeding $250,000. The solution was to design, code, and test a new exchange platform, and so, Bittrex was launched.

That was the biggest downside of this exchange, the authentication is rigorous and didnt get it on the first try. I’ve missed this type of honesty on other reviews. The platform is great, especially of beginners, but it’s not flawless. I like the writing style in this Bittrex review, not trying to suggar coat anything. I see new cryptos being added quite often, but they don’t seem trustworthy to me.