Bittrex Review

Jared 12:45 am

Bittrex Review

5.9
Out of Ten
Check It Out

Headquarters: Las Vegas, NV, USA

Description: The Next Generation Digital Currency Exchange

Website: https://bittrex.com

24-hour trade volume: $704 M

Availability: Worldwide

 

 

 

 

Looking for the best bitcoin exchange in 2018? Check out our Best Bitcoin Exchange Guide to compare all of the top cryptocurrency exchanges side-by-side.

User Experience

Design

Bittrex is the 5th largest Bitcoin exchange by 24-hour trade volume, however, it does not rank quite as high when it comes to the design. Overall, the navigation is confusing and the actual exchange and order book look very dated. If you value user experience, Bittrex might not be the best bitcoin exchange for you.

Beginner-Friendly

By default, Bittrex is not the most beginner friendly platform because it only allows you to deposit or exchange cryptocurrencies. Even after you deposit crypto, the platform still takes some figuring out.

For example, on the “Accounts” page where it shows balances, rather than a distinct “deposit” or “withdraw” button, there’s simply a plus or minus symbol next to each balance. This page also shows the balance of all currencies, not just the ones I have a balance in.

These are small examples, but they’re representative of the platforms larger shortcomings. I found many unnecessary navigational elements and others that were oversimplified.

Documentation

Yes – Bittrex offers a nice support center with some useful answers to very common questions. There were several questions I had relating to security and insurance that are not even mentioned in any articles. After looking closely at the articles in the help center they’re very thin.

Customer Support

Don’t expect a response – I submitted a support request on 11/8 and four days later recieved this automated response:

Due to un unprecedented amount of growth in a relatively short amount of time we’re experiencing a longer than usual wait time responding to and resolving your requests. This wait time has also increased the number of duplicate tickets entered on the same issues, further slowing down our agents ability to get to your request in a timely manner. We apologize greatly for the wait and we are actively training new personnel and streamlining our support system to better handle the demand.

Even the automated responses appear to be experiencing “longer than usual wait times.”

Security

Verification Tiers

Basic & Enhanced

  • Basic Tier
    • No verification required
    • Withdraw / Deposit up to 3 BTC per day
  • Enhanced Tier
    • Requires some verification (license, bank statements, etc.)
    • Withdraw / Deposit up to 100 BTC per day

2-Factor Authentication

Yes – via Google Authenticator

Insurance

No – Found no mention of insurance in the help center or on the website

Storage

No – No mention of storage, cold or otherwise, in the help center or on the website

Encryption

SSL encryption is mentioned on the homepage, but there’s no information anywhere else

Payment & Fees

Fee Structure

Trades – 0.25% commission on all trades

Deposits – Pay network fees only

Withdrawals – Pay network fees only

Accepted Payment Methods

Cryptocurrency only

Wire Transfer – Available for deposits greater than $100,000 USD

Supported Cryptocurrencies / Trading Pairs

SC/ETH

SYNX/BTC

EGC/BTC

EBST/BTC

CURE/BTC

FLDC/BTC

RLC/ETH

FUN/ETH

DGB/ETH

CANN/BTC

DOPE/BTC

EXCL/BTC

AUR/BTC

ION/BTC

2GIVE/BTC

SWIFT/BTC

XAUR/BTC

GEO/BTC

CPC/BTC

ERC/BTC

GCR/BTC

GOLOS/BTC

SWT/BTC

XMG/BTC

BCC/BTC

ETH/BTC

BTC/USDT

MER/BTC

BCC/USDT

POWR/BTC

ETH/USDT

ETC/BTC

OK/BTC

NEO/BTC

EMC2/BTC

LSK/BTC

LTC/BTC

DASH/BTC

XZC/BTC

BCC/ETH

OMG/BTC

STRAT/BTC

XLM/BTC

XRP/BTC

QTUM/BTC

WAVES/BTC

VTC/BTC

XMR/BTC

ZEC/BTC

MCO/BTC

ETC/USDT

BITB/BTC

ADA/BTC

NEO/USDT

RDD/BTC

STORJ/BTC

GRS/BTC

ARK/BTC

ADX/BTC

TRIG/BTC

LTC/USDT

OMG/USDT

XVG/BTC

XEM/BTC

RCN/BTC

SALT/BTC

POWR/ETH

DGB/BTC

SYS/BTC

KMD/BTC

MTL/BTC

XMR/ETH

GBYTE/BTC

DASH/USDT

QTUM/ETH

PAY/BTC

XRP/USDT

MONA/BTC

SLR/BTC

BAT/BTC

WINGS/BTC

NEO/ETH

MLN/BTC

CVC/BTC

ETC/ETH

PART/BTC

ZEC/USDT

SC/BTC

XST/BTC

ZEN/BTC

TIME/ETH

EXP/BTC

OMG/ETH

CLUB/BTC

LBC/BTC

STEEM/BTC

XLM/ETH

NAV/BTC

ARDR/BTC

XMR/USDT

RISE/BTC

DCT/BTC

DASH/ETH

NXT/BTC

FCT/BTC

LTC/ETH

SNT/BTC

DOGE/BTC

LGD/BTC

GNT/BTC

ZEC/ETH

MAID/BTC

XRP/ETH

DCR/BTC

PIVX/BTC

IOP/BTC

RLC/BTC

TIX/BTC

FUN/BTC

GUP/BTC

MCO/ETH

XEL/BTC

EDG/BTC

GAME/BTC

TRST/BTC

XCP/BTC

AEON/BTC

POT/BTC

PAY/ETH

WINGS/ETH

ANT/BTC

VIA/BTC

BAY/BTC

NXS/BTC

NMR/BTC

SALT/ETH

1ST/BTC

XDN/BTC

EMC/BTC

UBQ/BTC

ADX/ETH

WAVES/ETH

RADS/BTC

STRAT/ETH

SBD/BTC

GNT/ETH

BLOCK/BTC

SNGLS/BTC

REP/BTC

BNT/BTC

VIB/BTC

SAFEX/BTC

DNT/BTC

TKN/BTC

BNT/ETH

VRC/BTC

RBY/BTC

CRB/ETH

ENRG/BTC

PDC/BTC

DGD/ETH

REP/ETH

BTCD/BTC

CRB/BTC

VRM/BTC

BCY/BTC

GLD/BTC

ABY/BTC

TRUST/BTC

CFI/ETH

FCT/ETH

FAIR/BTC

TIX/ETH

SIB/BTC

GAM/BTC

DYN/BTC

TKN/ETH

GUP/ETH

DTB/BTC

VTR/BTC

DNT/ETH

CLOAK/BTC

FTC/BTC

PKB/BTC

BSD/BTC

QRL/BTC

VOX/BTC

NEOS/BTC

RCN/ETH

SEQ/BTC

DGD/BTC

PTOY/BTC

MUSIC/BTC

NLG/BTC

XVC/BTC

XWC/BTC

XEM/ETH

AMP/BTC

CFI/BTC

STORJ/ETH

TX/BTC

SLS/BTC

BLK/BTC

SHIFT/BTC

LUN/BTC

KORE/BTC

ZCL/BTC

MUE/BTC

IOC/BTC

DMD/BTC

CRW/BTC

LMC/BTC

CVC/ETH

GNO/BTC

BAT/ETH

HMQ/BTC

FLO/BTC

MEME/BTC

NXC/BTC

EFL/BTC

GBG/BTC

BURST/BTC

MANA/BTC

THC/BTC

INCNT/BTC

SNT/ETH

ANT/ETH

VIB/ETH

CLAM/BTC

SPR/BTC

BLITZ/BTC

QWARK/BTC

XMY/BTC

START/BTC

UNB/BTC

NBT/BTC

COVAL/BTC

SNGLS/ETH

OMNI/BTC

BYC/BTC

PPC/BTC

PINK/BTC

ADT/BTC

TKS/BTC

TIME/BTC

MTL/ETH

MYST/BTC

LGD/ETH

NMR/ETH

SNRG/BTC

AGRS/BTC

GRC/BTC

APX/BTC

MANA/ETH

TRST/ETH

PTC/BTC

1ST/ETH

BRX/BTC

PTOY/ETH

INFX/BTC

BRK/BTC

QRL/ETH

SPHR/BTC

HMQ/ETH

LUN/ETH

ADT/ETH

MYST/ETH

GNO/ETH

Technology

Reliability

Bittrex is one of the largest crypto exchanges in the world. As a result, Bittrex has excellent liquidity due to a massive 24-hour trade volume. But as far as the reliability of the platform, I experienced hiccups in the actual service. It’s possible this was just an issue with my own personal internet, but I hadn’t experienced slight delays like this on platforms like Gemini or GDAX.

Mobile App

No — However, the site is mostly mobile responsive. Some pages were more mobile friendly than others.

Bittrex Review 2018
Don't Bet on Bittrex
Bittrex is one of the leading cryptocurrency exchanges by 24-hour trade volume. While the platform's liquidity and variety of trading pairs are best-in-class, the user experience leaves a lot to be desired. If you're looking for a specific altcoin, Bittrex might be a good match, otherwise, I'd keep looking.
User Experience4.5
Security6.8
Payment & Fees7.2
Reliability6.7
Beginner Friendly4.5
Reader Rating0 Votes0
Pros
Excellent Liquidity
200+ Trading Pairs
Low Fees
Cons
Poor User Experience
Crypto-Crypto Only
5.9
Out of Ten
Check It Out
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