If you’re looking to trade a wide variety of less popular cryptocurrencies, then Bittrex again comes out ahead. Bittrex currently offers over 250 trading pairs, while Poloniex offers less than 100. Bittrex has also been far more active in adding new cryptocurrencies to their exchange lately. Like many other crypto exchanges, Bittrex follows know-your-customer (KYC) standards, which are in place to help prevent fraudulent activity. Once you verify your email, you’ll need to go through Bittrex’s identification process, which requires that you upload a government-issued photo ID like a driver’s license or passport.
By the time you finish reading, you’ll know whether Bittrex is the crypto exchange for you.
However, its trading interface and the large number of supported currencies may be overwhelming to beginners. Bittrex also offers relatively limited customer support, so novice traders may be better off with an exchange like Kraken, which provides phone support for urgent issues. Bittrex has several security features designed to help protect users’ funds and suggests some account security best practices.
- Bittrex already lists a lot of cryptocurrencies, and this list continues to grow on a weekly basis.
- We encourage you to seek financial advice from an independent financial advisor where appropriate and make your own enquiries.
- In June of 2017, Poloniex had just less than 2 times as many visitors as Bittrex.
- While the trading platform is Bittrex’s primary offering, the exchange instantly enables users to buy crypto with a credit or debit card.
- It is about one of the oldest crypto exchanges in the circuit, Bittrex.
- Bittrex’s primary goal is to let users trade cryptocurrencies for other cryptocurrencies.
- Bankrate.com is an independent, advertising-supported publisher and comparison service.
KYC (Know Your Customer) Policy
In order to fund your account with Bitcoin for example, you will navigate to the “wallets” section in the header. You will need to select the green arrow (see below) which is the shortcut to fund your account. They will need information such as articles of incorporation, business address verifications as well as tax numbers. They will also require all persons with more than 25% shareholding in the company to complete a “significant persons” KYC.
How to Use and Trade on Bittrex? Follow this Complete Bittrex Review and Find Out.
Bittrex Review – Crypto Exchanges – Investopedia
Bittrex Review – Crypto Exchanges.
Posted: Wed, 26 Jan 2022 21:45:31 GMT [source]
One of the most important questions that any cryptocurrency trader can ask is whether an exchange is safe and secure. Indeed, recent history is littered with a number of high-profile exchange hacks. While bittrex review Bittrex Inc. is a US based company, they have recently expanded their operations with an international arm. All traders who are based outside of the USA will be directed to the international.bittrex.com.
The exchange’s trading platform is highly praised for its speed and stability, and indeed the exchange has never been hacked in all of its existence. If they collapse, you lose your https://www.tokenexus.com/coinmama-review/ money regardless, look at cryptopia, same will happen with bittrex if I look how unfriendly they are. Non-U.S.-based investors can still use Bittrex overseas in certain countries.
