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Bittrex is a name not to be missed for anyone who cares a lot about security. Because most of the floor development team is a former member of large companies like Microsoft, Amazon and BlackBerry.
Besides, Bittrex currently supports more than 190 types Cryptocurrency. Therefore, Bittrex is still a name to be concerned about for those who wish to expand their portfolio.
However, the special feature of Bittrex is not only that. Therefore, today let us learn more about Bittrex as well as how to register and trade on the floor!
Bittrex is a cryptocurrency exchange based in Seattle, United States. The floor was established quite early, in 2013. Moreover, Bittrex is one of the rare ones through strict legal registration in the US.
In the past, Bittrex was often in the top 3 of the world's leading exchanges, by trading volume.
As I said, Bittrex is the name of the best security today. There have not been any hacks or major incidents on the floor yet. Therefore, you guys do not worry!
First, you access the link: https://international.bittrex.com/ and select "Sign up".
Then, you enter the email address and create a new password for the account. Note, you should set a password of at least 12 characters long.
You log into the email used to register.
At this time, the floor has sent you an email as shown below. Then, click on "Verify Email".
After clicking "Verify Email", you will be redirected to the "Terms of Services" page (as shown below) for you to read and understand the policy of the floor rules.
At this time, you click on "Accept Terms" is okay.
Normally, after this step, you can conduct transactions on the floor. However, to ensure security, the floor attaches great importance to account verification.
Therefore, you should perform KYC verification according to step 2 below.
After clicking "Accept Terms", you will be redirected to the "Start Verification" page.
In this step, you need to complete the required information, including:
Continue to click "Start Verification" and select one of the two options "Passport" or "Identity card" (ID card).
You should take three available photos: front and back of Passport or ID / ID card, along with a portrait of yourself. Then upload photos as required.
This ID verification process may take 5 - 10 minutes. After this step, you can trade on Bittrex.
However, to ensure account security and increase the withdrawal limit, please complete step 3, activate 2FA 2-step security!
You log back into the floor with the account registered above.
Then, click on the "Settings" box to be redirected to your account management page.
In the "Site Settings", you click on the second line "Two-Factor Authentication".
This step needs to use the application Google Authentication. If you do not have one, go to CH Play / App Store to download!
Useful articles for you: What is Google Authenticator? Complete guide to Google Authenticator
Once downloaded, please turn on the app and scan the QR code on the screen.
At this time, you will receive a code of 06 numbers. Enter this code in the blank box in the fourth dot as shown.
An important note is that you should save the Google Secret Key in the third dot.
Then, you check your email and click on the link in the middle as shown.
Finally, you continue to enter 6 Google Authenticator codes on the phone screen into the box (as shown below) and click "Enable Two-Factor Authentication".
After completing this step, you have successfully enabled 2-layer security for the account.
For accounts that have fully verified the above factors, you can withdraw up to 100 BTC / day already.
You can go to "My Activity" and check the number of BTC allowed to be withdrawn each day at the "Daily Withdrawal Limit".
In this step, I will show you how to transfer BTC to Bittrex. You can follow the same steps with ETH or USDT.
First, click on "Wallets". Then enter the name or code you want to deposit. Here I use Bitcoin As a model, I will enter BTC into the search box.
Finished this step, you click on the blue arrow and copy the wallet address to load coins on Bittrex.
After loading, you need to wait 30-60 minutes to confirm the transaction. You can follow this process in the "Status" section in "Pending Deposit".
To participate in buying and selling coins on Bittrex, click on "Markets". You drag your mouse down the Bitcoin market into the search box with the name or symbol of the coin you want to trade.
Here I will take the example of BTC / ETH trading pair offline!
In the interface as shown below, you can change the trading pair in the left corner.
The remaining corner of the screen is the price chart. You can change the way the price chart is displayed in the Display section.
To buy and sell coins on Bittrex, please pay attention to the "Buy - Sell" box with the following commands:
Order type: Select "Limit".
Quantity: Enter the number of coins you want to buy.
Price: Enter the price of coin you want to pay.
Total: Total money you have to pay.
Time in force: Brothers leave the default.
This step is similar to step 4. You also go to "Wallets", enter the name or coin code you want to withdraw.
Here I still use Bitcoin as a model. Therefore, I will enter BTC into the search box!
After this step, you click on the red arrow and fill in two information as required:
After checking the information and find that the transaction fee is okay, click "Withdraw BTC" and wait for the transaction to be confirmed.
As I said in the downside, Bittrex currently does not support trade margin.
Useful articles for you:
At the time of writing this article, the stop - limit function on Bittrex is being paused to upgrade.
When the floor works again, I will update this guide for you guys!
You access to "Settings", select "API Keys" as shown and click on "Add new key".
Then, you click on "Enable" all the options "READ", "INFO", "TRADE", "WITHDRAW" as shown.
You press "Save" and enter the required 6 numbers from Google Authenticator is done this step.
However, note that API Keys only support when you have over 100 BTC.
This is a question that many people ask. But, as I found out, Bittrex hasn't implemented a commission program yet.
Maybe in the future, the floor will consider this. Please wait and see! If there is any news, I will update you immediately.
There are two common situations in which 2FA authentication is performed on Bittrex. Therefore, I will list below.
Not receiving 2FA
The reason why you often encounter this problem is that Bittrex only provided two minutes to confirm 2FA. So if the watch on your phone exceeds that, you won't be able to log in.
Therefore, I recommend that you make sure your phone is always configured to synchronize time with the mobile network.
In this case, you can contact support from Bittrex in the ways I suggest below!
If you have any problems, you can contact the Bittrex support center through the following ways:
Like I said before Binance, Bittrex was one of the top choices of investors / traders.
Moreover, Bittrex is also on the list of non-counterfeit volumes, according to research from Bitwise.
Therefore, if you are in need of large liquidity, less than 30 BTC / day, Bittrex is a reasonable choice.
According to my research, Bittrex is a highly secure exchange that has never been hacked.
Moreover, Bittrex also has policy support "Multi-storey storage wallet", make sure 80% - 90% of your accounts are always safe.
In addition, two-layer security is always enabled when you withdraw money.
Therefore, Bittrex objectively said that the floor was quite safe and reputable, up to this point.
This is the downside of Bittrex. Transaction fees on Bittrex are quite high compared to the general level, about 0.25% / transaction.
This fee will be a big obstacle for brothers who need to trade more than once a day. For every 10 transactions, you have lost 2.5% of the 10 transactions.
Contrary to the expensive transaction fees, like most other exchanges, Bittrex does not charge a fee to recharge.
However, Bittrex will charge a small fee to make your withdrawal transaction possible. When withdrawing money, Bittrex will show you the withdrawal fee immediately.
Periodic maintenance is the work every exchange does. As far as I know, Bittrex has not encountered any major maintenance error.
However, you can monitor the situation of floor maintenance at the two channels below:
As I have introduced to you, Bittrex is a large legal floor of the US.
Therefore, every move of Bittrex is always strictly monitored by US authorities.
Up to now, I have not heard any fraud from Bittrex. Therefore, you can be assured of this.
You can use etherscan.io to check the Bittrex wallet address.
Here, the exact wallet address of Bittrex is 0xFBb1b73C4f0BDa4f67dcA266ce6Ef42f520fBB98.
However, please note not to transfer coins into Bittrex without purpose.
In case of accidental transfer to a floor wallet, Bittrex will not refund. Or the refund process will take a long time.
Bittrex is a Cryptocurrency exchange established by Bill Shihara in 2014 in the United States.
Due to the strict supervision of US authorities, citizens in countries such as North Korea, Iran, Crimea, Syria and Cuba will not be allowed to access Bittrex.
Please inform you, Bittrex does not currently have floor coins. Please wait! If there is anything new, I will inform you immediately!
All of your Bittrex accounts must be verified to withdraw.
Moreover, the process of identity verification does not take much time but also ensures safety for you.
Therefore, I recommend that you should only deposit and trade after your account has been verified.
Currently, our brothers in Vietnam can still use Bittrex floor as usual.
However, the floor does not support Vietnamese. Therefore, this will cause difficulties if anyone is not too fluent in English.
If you want to use Vietnamese support floor, please refer to platforms like Binance, CoinAll.
Useful articles for you: CoinAll: Guide to register and trade on CoinAll
You only need to perform a few basic ID verification steps when signing up for an account and have withdrawn 1 BTC / day.
For accounts with 2FA enabled, you can withdraw up to 100 BTC / day. This is a huge limit. Often on other floors, you have to verify higher to get this level.
As I mentioned this point on the downside of Bittrex. Currently, the floor has not developed mobile applications on Android and iOS operating systems.
Therefore, you should be careful not to log into your account on any applications not released by Bittrex. To prevent unfortunate circumstances.
Spot trading is Bittrex's main trading market. You can buy and sell coins through 04 coins Bitcoin (BTC), Ethereum (ETH), Tether (USDT) and USD.
Bittrex will add more new markets soon.
Overall, Bittrex is a notable exchange. The biggest plus point of the exchange is passing Bitwise's true volume assessment test.
Therefore, you can be assured of the liquidity of the floor. They are not counterfeited like many other names in the top 20 floors with the highest volume.
The biggest drawback is still the high transaction fee. If you regularly surf and trade a lot, this is the biggest obstacle.
In addition, I have personally used the customer support feature of Bittrex. And I find their service poor. When submitting support, Bittrex responded very long and the answer was not clear.
Hopefully, the information shared above will help you take a closer look at Bittrex.
If you have any questions regarding Bittrex, don't hesitate to leave a comment below. Or send to the community group Coin98 Please!
Hello and see you again in the next article!
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