Bittrex offers just about everything crypto investors need in an exchange. It has robust security, reasonable trading fees, and more cryptocurrencies available than most of its competitors. However, there have been some complaints about its customer service. Read this detailed Bittrex review to decide if it's the exchange for you.
Excellent charting and analysis tools. With full TradingView integration, Bittrex offers outstanding analytical capabilities, perfect for performing detailed analysis and spotting unique trading opportunities.
Fast verification and purchases. Cryptocurrency is an incredibly volatile and fast-moving market. As such, having access to speedy verification and the ability to buy crypto with fiat quickly is a positive for Bittrex.
Plenty of supported assets. With Bittrex offering over 500 assets and 953 tradable markets, a considerable number of opportunities are available on the platform, including minor altcoins and meme coins.
Large selection of cryptocurrencies: There are over 250 cryptocurrencies available on Bittrex, a large number compared to what some competitors offer.
Low fees: The platform offers relatively low maker/taker fees compared with other large exchanges, though its fees are not the lowest available.
Widely available: Bittrex is available in 45 U.S. states, excluding Connecticut, Hawaii, New Jersey, New York, and Vermont.
Relatively limited customer support: Bittrex offers a chatbot and the option to open a ticket if you need assistance. Through the chatbot it's also possible to connect with a live person for chat support. It does not offer phone support though, which could make assistance with some issues difficult.
Poor user feedback: Like many other crypto exchanges, Bittrex has received several negative reviews from users. Many are related to issues with account lockouts and identity verification.
No margin trading: If you want to trade on margin, you’ll need to consider a different exchange. Bittrex does not offer margin trading, although the exchange says it is working on providing users with the feature soon.
Expensive trading fees. While the US-based platform is much more competitive, the fees charged on Bittrex Global are far higher than the industry average. Other exchanges might better serve international investors looking for a cost-effective platform to trade on.
No margin or derivatives trading. Bittrex is a spot-only exchange, meaning there is no option to utilize leverage or margin when trading, making it challenging to execute day trading strategies involving small price movements.
Overall, Bittrex could be a good choice for experienced crypto traders. The platform has hundreds of supported assets, with a focus on crypto-to-crypto trading pairs. Users will also appreciate its robust security features and the option to place advanced orders.
Bittrex is a spot exchange that offers a broad selection of assets, excellent analytical tools, and fast onboarding. While Bittrex is a superb spot exchange, its lack of popular features like margin trading, crypto loans, and savings options significantly hinder its usability.