In this page we will introduce you in detail to the main features of the cryptocurrency trading platform. You will learn how to get started with Bittrex: registration, account creation, verification. How to deposit and withdraw funds, as well as trade on the stock exchange. And read about the overall impression of the crypto merchant service.
General information about Bittrex
- Official website – https://www.bittrex.com
- Legal notice: Bittrex Inc., Seattle, Washington, USA – parent company
- Europe Division: Bittrex International GMBH, Zurich, Principality of Liechtenstein
- Deposit and Withdrawal Methods: Cryptocurrency, Wire Transfer, Credit and Debit Card
- Available trading pairs: BTC / USD, BTC / USDT, ETH / USD, ETH / USDT, ETH / BTC, CRO / BTC, DGB / BTC and others.
Total 250+ - Supported currencies: Bittrex Global supports five basic markets: USD, EUR, BTC, ETH and USDT (Tether ERC-20); various ERC-20 tokens, TRX-10 tokens, many independent coins and blockchains.
- All types of coins can be viewed through the “Holdings” menu section
Bittrex Inc. was founded in 2014 and is based in Seattle, Washington, USA. The trading volume of the exchange for June 2020 exceeds $ 51 million. It is included in the TOP-10 exchanges in terms of trading volume and liquidity. Ranked 9th according to the Coinmarketcap website.
Bittrex was founded by cybersecurity experts:
Bill Shikhara – CEO, formerly at Amazon Information Security, BlackBerry Cyber Defense Specialist and Microsoft Vulnerability Resolution Officer;
Richie Lai – CIO, previously had cyberattacking experience at Microsoft and led Amazon’s cyber security team;
Rami Kawah – CTO, was the CIO at Qualys.
Although Bittrex Inc. is an American company, they recently expanded their operations and opened an international branch. It is based near the financial center of Zurich, in the Principality of Liechtenstein.
Residents of the United States work with the Bittrex system at the link: bittrex.com. All other users outside of America are automatically redirected to the Bittrex Global website: global.bittrex.com
The international exchange is almost identical to the bittrex.com exchange as it uses the same platform and technology. The difference is just so that Bittrex can effectively segment and regulate its international traders in Europe.
Bittrex Global has indicated on its website that it is committed to comply with all applicable EU and Liechtenstein regulations. They help prevent, detect and eliminate illegal behavior of customers and virtual currency developers when using the platform or any other services of the company.
The exchange is constantly being modified and updated, and Bittrex is entering into new partnerships. It is convenient to keep track of updates through their active Twitter accounts: @BittrexGlobal and @BittrexExchange.
Some recent interesting updates:
- In June 2020, the company announced a new partnership with Dasset digital asset exchange in New Zealand;
- The list of tokens is regularly updated, for example, in the last days of May 2020, wallets Unicorn Solutions Chain (UTI), PhoenixDAO (PHNX), Handshake (HNS), VideoCoin (VID), Connectome (CNTM) were added to the site;
- Registration on the exchange through the mobile application became available in May 2020;
- In May 2020, the list of countries that can replenish an account using a VISA bank card increased by another 125 countries;
- In March 2020, the interface of the trading platform was significantly updated.
How to register?
The difficulty of creating an account is due to the fact that the interface of the Bittrex website is in English. Translation into other languages is not provided. However, using our instructions, registration will take you no more than 2 minutes.
Account creation steps:
In the upper right corner, find the “Sign up” button and click on it.
The account creation page will open. Select your account type:
- Individual (Personal) – if you register on your behalf;
- Corporate (Business) – if you register on behalf of your business company.
In the “Email address” field, enter your email address. Create a password and enter it in the “Password” field. It must be at least 12 characters long. You can also enter the referral code in the “Referral code” line if you were invited to the exchange via an affiliate link. Click on the “Create Account” button.
When you create your account Go to your email and find the registration confirmation message from Bittrex Global. Click on the “Verify Email” button.
Next, you will be asked to review the Bittrex Global and Bittrex Terms of Service and Privacy Policy. Click on “Accept Terms” to complete the registration.
How to get verified?
After registration, the system will ask you to create your profile:
- You must select “Country of residence”
- indicate “Street address”, apartment “Apt or unit”, “City”, region “State or province”, “Postal or zipcode”
- Enter the date of birth “Month / Day / Year” (month / day / year)
- Choose the country of citizenship “Country of Nationality”
- Enter “Phone number” (optional)
After filling in all the data, click “Submit”
Next, the system will ask you to confirm your identity, that is, to verify your account. According to the platform developers, verification helps to protect Bittrex Global users from theft, fraud, and prevents platform abuse.
Select the country “Choose issuing country / region” of residence and the document with which you will confirm your identity:
- Passport
- Driver’s license
- Identity card
“Upload file” or “Take photo” of the selected document.
If you are using a PC without a camera, select “Prefer to use your mobile?” To continue verification using your smartphone. You will be presented with several options: email, QR code, copy link to continue verifying your identity on your mobile device. That being said, your web page on the computer must be open while using the smartphone to complete the identity verification process.
If, for any reason, you have left the web page to which the confirmation email link led you, use your account settings to complete your profile and verify. Click on “Account” in the upper right corner. In the side menu on the left, find “My Profile” to fill in your profile or “Identity Verification” to verify.
After the administration verifies the data, the account will be confirmed and you can start working with the exchange.
How to deposit and withdraw funds
Deposit cryptocurrency
- Click “Holdings” in the upper right corner of the site.
- Find the coin wallet you are going to deposit into, tap on it and click “Deposit” next to the “Actions” column.
- Copy the wallet address. If you don’t have a storage, click “Generate new wallet address”.
- Now you can send coins to this address from other crypto wallets. Make sure you only send coins of one type to this address. This means that if you generated a BTC address, deposit BTC and not another coin. If you deposit a coin different from the one for which the wallet was created, you risk losing tokens forever.
Only available for verified account.
Some coins have a minimum deposit amount. For example, ETH requires a minimum deposit of 0.05. If you are sending a deposit less than the minimum amount, you will need to send another deposit.
Deposit USD or EUR
From fiat currency, only the dollar and the euro are available on Bittrex.
Deposit of the account with USD:
- The administration of the exchange must first approve the bank account. For this you need to send an application. After approval, a confirmation letter should come to the mail.
- Generate a deposit code in dollars. Click “Holdings”. Enter “US Dollar” in the search box. Tap on it and click “Deposit” opposite the “Actions” column. Your USD deposit code will appear at the bottom of the wire transfer instructions. Copy this code. Enter this code in the note box on the wire transfer form at your bank.
Minimum deposit is 50 USD
Topping up your EUR account is available via:
– SEPA transfer;
– international bank transfer;
– Bank card.
To allow euro deposits and withdrawals, Bittrex Global must first verify your bank account. To do this, fill out the form for deposit and withdrawal in euros.
If your bank account was previously approved for dollar deposits and withdrawals, then skip this step. Further, a deposit code in euros is also generated.
Minimum deposit in euros is 20 EUR.
Funding an account with a debit or credit card:
- Click “Holdings” in the upper right corner of the home page.
- Click “Deposit by credit / debit card” in the right column.
- Enter the amount you want to deposit.
- Tap “Enter card info next”.
- Enter your credit card information.
- Read and confirm the privacy policy and terms of the deal.
- Click Pay.
- Once submitted, you may be prompted to go to the 3DSecure page. Follow the instructions to confirm the transaction via 3DSecure.
Withdrawal cryptocurrency with Bittrex Global
- Click on the “Holdings” button in the upper right corner.
- Find the wallet you want to withdraw money from using the search box.
- Click “Withdraw” in the “Actions” column. This will open the output screen.
- Enter the address of the recipient’s wallet and the amount you want to withdraw. Make sure the address you entered was created for the coin you are withdrawing. This means that the BTC must be output to the BTC, and the LTC to the LTC, and so on.
- Confirm with the “Withdraw” button.
- If you have two-factor code enabled, you will need to enter your 6-digit code and click Confirm. If you do not have 2FA enabled, you need to log in to your email and click on the confirmation link that Bittrex will send.
Withdrawal EUR or USD
It is possible to withdraw euros and dollars to your bank account by international bank transfer, and for euros also by SEPA transfer.
To withdraw funds in fiat currency, Bittrex Global must first confirm your bank account. To do this, fill in the deposit and withdrawal form in euros and / or dollars.
- Click on the “Holdings” button in the upper right corner.
- Use the search to find the “US Dollar” or “Euro” wallet you want to withdraw money from.
- Click “Withdraw” in the “Actions” column. This will open the output screen.
- Select an available bank account. It must be checked by the Bittrex administration.
- Enter the output amount.
- Confirm the removal with the “Withdraw” button.
- If you have two-factor code enabled, you will need to enter your 6-digit code and click Confirm. If you do not have 2FA enabled, you need to log in to your email and click on the confirmation link that Bittrex will send.
Minimum withdrawal: 10 EUR / USD
Bittrex Global sets limits on withdrawals to protect customer accounts. Verified accounts without a 2FA connection can withdraw 1 BTC per day or other tokens equivalent to the value of 1 bitcoin. Accounts with 2FA enabled can charge 100 BTC per day or other tokens equivalent to the value of 100 bitcoins.
How to trade on Bittrex?
To perform cryptocurrency exchange and purchase and sale transactions, you need to go to the “Market” section. Tables with available trading pairs will open. For example, take a pair of BTC / ETH and tap on it.
The course schedule page will load. On the right side you will see a menu for entering transaction parameters.
- To buy you need to click on “Buy”, to sell – “Sell”.
- Fill in the field “Price” or “Quantity”. The system automatically calculates the commission “Total plus fee”.
- Click the green “Place buy order” button in case of token purchase or the red “Place sell order” button in case of sale.
Trading options:
- Limit – you determine the maximum price for which you are ready to buy bitcoin;
- Market – you buy cryptocurrency at the market price;
- Stop limit – you set the achievement of a certain token value, after which the order is triggered.
Bittrex Mobile App
The peculiarity is that there are different versions of applications for Android-based phones and for the iPhone. For the former – “Bittrex Global”, for the latter – “Bittrex”. Download in the AppStore / Google Play by links:
- Android application;
- IOS app.
The functionality of the application is similar to desktop version. You can trade cryptocurrency directly from a mobile device, use price tracking tools, access your crypto wallets, receive notifications of completed transactions, check active orders and past transactions.
It has also recently become possible to create an account from a mobile device. Added the function of instant purchase of tokens by bank card, bank transfer or using existing balances in dollars / euros.