BITTREX GLOBAL

What is BITTREX GLOBAL？

BITTREX GLOBAL established in 2014 and is based in Seattle. It offers access to over 250 cryptocurrencies for trading. The trading fees are reasonable, ranging from 0.00% to 0.10% for makers and 0.05% to 0.15% for takers. With a robust 24-hour trading volume of around $200 million, it's clear that this platform sees significant trading activity.

Pros and cons

Regulation

Unlike Binance and Coinbase, Bittrex Global doesn't have the same kind of big regulatory support. This makes some users worry about the safety of their money and how well Bittrex Global can protect it. Regulation is crucial for exchanges. It ensures transparency, security, and fairness, building trust among users. It stops fraud, money laundering, and illegal actions. Regulated exchanges offer better protection and problem-solving for customers.

Security

Bittrex Global has extra protection called two-factor authentication (2FA) with U2F. U2F is even safer than regular 2FA because it uses a physical security key, not just a phone code. This makes it really hard for hackers to break through 2FA on Bittrex Global. Also, Bittrex Global stores the majority of its user funds in cold storage, away from the internet. This makes it super tough for hackers to get the money.

Cryptocurrencies available

Here are some of the most popular cryptocurrencies listed on Bittrex Global:

• Bitcoin (BTC)
• Ethereum (ETH)
• Tether (USDT)
• Binance Coin (BNB)
• Solana (SOL)
• Cardano (ADA)
• XRP (XRP)
• Dogecoin (DOGE)
• Terra (LUNA)
• Avalanche (AVAX)

How to open account on the BITTREX GLOBAL exchange？

The registration process of BITTREX GLOBAL is straightforward and can be completed in six simple steps.

1. Visit the BITTREX GLOBAL website and click on the “Sign Up” button to begin the registration process.

2. Enter your email address and create a strong, unique password for your account.

3. Verify your email address by clicking on the confirmation link sent to your email.

4. Provide your personal information, including your full name and date of birth.

5. Complete the identity verification process by uploading the required documents, such as a valid government-issued ID.

6. Once your identity verification is successful, you can start funding your account and begin trading on BITTREX GLOBAL.

How to buy Cryptos？

Buying cryptocurrencies on Bittrex Global involves several steps:

Create and Verify Your Account: Start by signing up for an account on Bittrex Global. You'll need to provide your email address and create a password. After signing up, complete the verification process, which typically requires submitting identification documents like a government-issued ID and sometimes proof of address.

Secure Your Account: It's essential to secure your account for safe trading. Set up two-factor authentication (2FA), usually involving linking your account to a mobile device and using a time-based one-time password (TOTP) app.

Deposit Funds: To buy cryptocurrencies, you first need to deposit funds. Log into your account and navigate to the “Wallets” section. Choose the currency you wish to deposit (such as USD, EUR, or BTC) and click on the “Deposit” button. Follow the instructions to transfer funds from your bank or another wallet to your Bittrex Global wallet. Keep in mind that available deposit methods and supported currencies can vary.

Buy Cryptocurrencies: After your deposit is confirmed, head over to the “Markets” section to find the cryptocurrency you want to buy. Click on the market for your chosen cryptocurrency (for example, BTC-USD for buying Bitcoin with US Dollars). In the trading section, decide between placing a market order (buying at current market prices) or a limit order (setting a price at which you're willing to buy). Enter the amount you wish to purchase and confirm your order.

Withdrawal (If Needed): If you decide to withdraw your funds, go to the “Wallets” section, select the currency to withdraw, click on the “Withdraw” button, and complete the process to transfer it to an external wallet or bank account.

Fees

Deposit & Withdrawal

Bittrex Global doesn't ask for any fees when you deposit money. But note that for some tokens or coins, they might need to move your funds to another place before you see them in your account. When they move it, the coin or token's network will charge you a regular fee for the transfer, and Bittrex Global can't avoid that.

When you withdraw a token or coin from Bittrex Global and it comes with its own network transfer fee, they'll charge a small withdrawal fee. You can see the network fee by clicking the withdraw button for each token or coin on the withdrawal window.

Has BITTREX GLOBAL experienced any controversy？

Yes, Bittrex Global has experienced some controversy in the past.

In 2019, the exchange was hacked and over $30 million worth of cryptocurrency was stolen. Bittrex Global reimbursed all of the affected users, but the hack raised concerns about the security of the exchange.

In 2020, Bittrex Global was fined $10 million by the Commodity Futures Trading Commission (CFTC) for violating anti-money laundering regulations. The CFTC found that Bittrex Global had failed to properly implement customer identification procedures and had allowed users to trade on the exchange without verifying their identities.