- Good for straightforward trading without superfluous features
- Not so great for high volume traders who want tiered fee discounts
See our full list of pros and cons below.
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Bittrex review 2023
- Fiat currencies
- 1
- Supported assets
- 326
This is not financial advice or an endorsement of digital assets, providers or services. Digital assets are volatile and risky, and past performance is no guarantee of future results. Potential regulations or policies can affect their availability and services provided. Talk with a financial professional before making a decision. Finder or the author may own cryptocurrency discussed on this page.
Our verdict
Get started trading on Bittrex with this guide to products, features and more.
Bittrex features over 250 cryptocurrencies on its platform with the ability to instantly buy them with a connected bank account or debit card. While beginners may experience a slight learning curve, experienced traders will likely appreciate the advanced tools offered by the platform.
Bittrex has put a good deal of effort into the security of customer assets. With its cold storage system, digital asset insurance policy, and options for two-factor authentication (2FA), the exchange goes a long way towards helping customers feel at ease when holding crypto on the exchange.
The largest downfall of the exchange is likely its mediocre customer service. Though basic answers to most questions can be found through an organized support module, contacting a human for specific problems requires some extra patience.
Pros
- Complies with the Financial Crimes Enforcement Network regulations in the US. FinCEN is the peak body for regulating cryptocurrency exchanges in the US which requires Bittrex to comply with laws and regulations that are intended to provide certain protections for users.
- Over 326 cryptocurrencies supported. Bittrex supports 326+ assets, which should give you a good range of industries and asset types to invest in without needing to hop between multiple exchanges.
- Trade with multiple fiat currencies. Bittrex allows you to trade with USD.
- Deposit and withdraw USD directly to your bank account in the US. With Bittrex you can deposit cash from your American bank account and cash out back into the same account.
Cons
- Not available to all US residents. Bittrex is only available in 47 states. You can not use Bittrex if you are a resident of Connecticut, Hawaii, New York and Vermont.
- No live chat or phone-based customer support. Bittrex does not have a live customer support service. Instead you will need to consult the FAQ or contact Bittrex via email, which may take several days to receive a reply.
- No mobile app available. Bittrex does not have a dedicated mobile app. You can still use the platform on your phone, but the experience may not be as smooth as other platforms that have smartphone apps.
Details
Product details
| Product Name | Bittrex |
| Fiat Currencies | USD |
| Cryptocurrencies | BTC, ETH, ADA, BSV, ALGO, BCH, LINK, LTC, PAX, LUNC & 317 more |
| Deposit Methods |
Bank transfer (ACH) |
| Trading Fee | 0.25% |
| Deposit Fees | None |
| Withdrawal Fees | Fees vary |
Disclaimer: This page is not financial advice or an endorsement of digital assets, providers or services. Digital assets are volatile and risky, and past performance is no guarantee of future results. Potential regulations or policies can affect their availability and services provided. Talk with a financial professional before making a decision. Finder or the author may own cryptocurrency discussed on this page.
Bittrex announcement
Just over a month after announcing that it would be winding down its operations in the United States, Bittrex has filed for Chapter 11 bankruptcy. The company said in a statement dated May 8, 2023, that the decision to file for bankruptcy “does not impact Bittrex Global, which will continue operations as normal for its customers outside the U.S.”
Customers’ funds that remained on the platform prior to the Chapter 11 filing “remain safe and secure,” according to Bittrex. The company said its main priority is to ensure its customers “are made whole.” The company notes that while the bankruptcy court will ultimately decide the method by which customers’ funds can be claimed and distributed, it intends to ask the court to activate customer accounts “as soon as possible” so that customers can withdraw their funds.
The bankruptcy filing comes less than a month after the US Securities and Exchange Commission (SEC) charged Bittrex and its former CEO William Shihara for operating an unregistered national securities exchange, broker, and clearing agency.
Finder Score
★★★★★About Bittrex — company background
Founded in 2014, Bittrex is a full-featured cryptocurrency exchange designed with a focus on security and trust. The platform offers instant purchases for more than 250 cryptocurrencies.
With an intuitive interface, Bittrex allows traders of every experience level to enjoy the products and services found on the exchange. This review covers the basics of the Bittrex platform so you can make an informed decision before signing up
Listed Bittrex crypto exchange assets
Bittrex supports over 326 cryptocurrencies, but some notable assets are missing. Namely, BNB, Lido Staked Ether and Polygon, which are in the top 20 cryptos by market cap. In total, 15 of the top 20 cryptos are available on Bittrex.
Popular assets on Bittrex supports
Bitcoin (BTC) supports
Ethereum (ETH) supports
Tether (USDT) does not support
BNB (BNB) supports
XRP (XRP) supports
Solana (SOL) supports
USDC (USDC) does not support
Lido Staked Ether (STETH) supports
Cardano (ADA) supports
Dogecoin (DOGE) supports
Avalanche (AVAX) supports
TRON (TRX) supports
Polkadot (DOT) supports
Chainlink (LINK) does not support
Polygon (MATIC) does not support
Toncoin (TON) does not support
Wrapped Bitcoin (WBTC) supports
Shiba Inu (SHIB) supports
Litecoin (LTC) supports
Dai (DAI)Bittrex fees
Deposit & withdrawals fees
| Transaction type | Fee |
|---|---|
| Deposit funds | None |
| Withdraw funds | Fees vary |
Bittrex deposit methods
- Bank transfer (ACH)
How to sign up on Bittrex exchange
Before you can even get started trading on Bittrex, you have to go through the rigorous verification process (which usually involves proof of identification). This can take quite a long time. The reason for this is Bittrex's commitment to certifications, and compliance with regulations and insurers.
- Get started
After selecting the Get Started button, fill in the create account form. - Set up payment
Before you can start trading, you have to add your bank account to your Bittrex account. There are several options to choose from, so choose the option most compatible. - Provide identification
Before you can make withdrawals and increase your transaction limits, you must submit proof of address and some additional identification. Use either a passport or a driver's license for this. - Start trading
After all that is processed, you're ready to trade on Bittrex.
Is Bittrex safe?
Past hacks. In 2019, Bittrex was targeted in a SIM attack. By accessing data via a user’s phone, a hacker was able to access the individual’s funds held on Bittrex.
The affected party claimed in a lawsuit that Bittrex did not take appropriate action after being notified of the hack. The platform itself has never been hacked.
Security audits. Bittrex employs several layers of security on its exchange, including 2FA, as well as IP and crypto address whitelisting. The exchange also shares extensive tips with customers on keeping their account safe. However, it has not undergone any security audits.
In 2019, Bittrex failed to receive a Bitlicense for operations in New York State. Among the reasons given for the failure was a lack of details concerning an independent compliance audit commenced by the exchange. A refusal to disclose specific terms of the audit were noted by New York regulators at the time.
Insurance. Bittrex has obtained digital asset insurance for cryptocurrency held in its cold storage custody system. The policy covers up to $300 million of assets in the case of external theft or internal collusion. Bittrex was approved for coverage by Arch syndicate 2021 after completing a review of the platform’s internal security and compliance protocols.
Keeping your crypto secure
All centralized exchanges, including Bittrex, are vulnerable to counterparty risks like hacking, theft and insolvency. Using a self-custodial or hardware wallet is widely accepted as the best way to improve the security of your funds. We've shared some of our top picks below.
Ledger Nano X Wallet |
Trezor Model T Wallet |
SafePal S1 Wallet |
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Supported assets 5,500+ |
Supported assets 1,456+ |
Supported assets 30,000+ |
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Price (USD) $149 |
Price (USD) $219 |
Price (USD) $49.99 |
See more of the best crypto wallets
Bittrex customer support
Bittrex has done a pretty good job of answering most of the questions customers commonly ask through the platform’s Zendesk, where topics and frequently asked questions are clearly organized. However, contacting support for specific issues is unnecessarily complicated.
While a support ticket can be created through a provided online form, in order to chat with the platform’s interactive bot, users will need to create a separate support account. This includes re-entering your email address and creating a new password — despite already being logged in to the trading account. Further, wait times for responses to created support tickets are not immediately given, but they likely depend on the number of requests received.
How to reach Bittrex customer support
- Contact form
- Support ticket
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Alternatives to Bittrex
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Bittrex is not currently available on Finder
Have you considered Kraken Cryptocurrency Exchange?
Buy, sell and trade a range of digital currencies on this high-liquidity exchange – suitable for beginners right through to advanced traders.
Your reviews
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Micah Finder
Staff writer
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Joshua Finder
May 20, 2018
Hi Yumi,
Thanks for getting in touch with finder. I hope all is well for you. :)
Let me answer your questions one by one.
1. How to buy reddcoin thru bittrex?
To buy Reddcoin through Bittrex, you need to open an account. From there, log into to your account. You must add Bitcoin first to your Bittrex account to be able to buy Reddcoin or other digital coins.
Unfortunately, Bittrex does not offer the direct purchase of cryptocurrency using credit, debit or Automated Clearing House (ACH) bank accounts.
To deposit cryptocurrency in Bittrex, click “Wallets” in the upper right corner of the site, search for the wallet you are going to deposit into and select “New Address”. This will generate your address. You will then be able to send cryptocurrency to that address.
2. How to register?
To register, you can simply go to Bittrex official website and create your new account.
3. What bank is linked to Bittrex?
Like what I mentioned above, Bittrex does not have this feature yet.
We have an extensive list of exchanges. You might want to check it out.
I hope this helps. Should you have further questions, please don’t hesitate to reach us out again.
Have a wonderful day!
Cheers,
Joshua
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Yumi
May 19, 2018
How to buy reddcoin thru bittrex? How to register and what bank is linked to bittrex?