Bittrex Guide – Read our In-Depth Bittrex Review
Bittrex Rating: 5.81 / 10
Our proprietary rating algorithm takes all of our datapoints to generate the rating. This keeps things fair and removes human bias to ensure that our users can compare brokers easily and find the best ones.
This Bittrex review has been updated for 2021 by industry experts with years of financial experience in Forex, CFDs, & Social Trading.
Please note that due to regulations, the content in this Bittrex review does not apply to users in BR, KR, IR, IQ, SY, JP, US
If you are a new entrant in the world of trading and broker, so many details will be confusing for you. Getting into the area of trading demands expert analyzing skills and thorough knowledge. You will acquire adept at all the concepts of broker as you keep trading. For starters, you need to select the right agent who'll be clear with you always.
Within this fast-paced world of stock markets and trading, you'll need guidance to make proper decisions. A professionally direct investment plan will create hefty returns. Bittrex is just one such platform which will take you along with your investment to great heights. It is important to understand about Bittrex until you trust them with your money.
Bittrex Guide – Brief Summary
Bittrex Telephone Number:
Bittrex Email Address:
Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA)
Number Of Clients:
10,000+ Bittrex users and traders
Bittrex Facebook Likes:
Bittrex Twitter Followers:
Bittrex Instagram Followers:
Your capital is at risk
|Bittrex Telephone Number:|
|Bittrex Email Address:|
|Regulated By:||Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA)|
|Number Of Clients:||10,000+ Bittrex users and traders|
|Bittrex Facebook Likes:||0|
|Bittrex Twitter Followers:||0|
|Bittrex Instagram Followers:||0|
Your capital is at risk
Our full Bittrex Review covers everything you need to know about trading using Bittrex. A fantastic agent can multiply your initial investments and give you positive profits. If you want to earn profits, you should trade with a brokerage service that contrasts with your investing objectives.
There is no sure-fire way to guarantee profits; thus, you must carefully analyze your agent before you select them. It's a common misconception that all brokers will be the same, but that is not true. Wrong judgment, initially, can set your investments in danger.
Bittrex is a broker which has forged its way successfully to the brokerage world. In this review, we've attempted to collate a number of the important facets of Bittrex. This review can allow you to understand whether Bittrex is a fantastic match for your investments or not. We've attempted to breakdown all the features and fees for your advantage.
Bittrex Review, Table Of Contents
- Who are Bittrex?
- Benefits Of Trading With Bittrex
- Everything you should know about trading with Bittrex
- Is Bittrex Safe To Trade With?
- Bittrex Risk Disclaimer
- Pro's & Con's Of Trading With Bittrex
- Compare Brokers Similar To Bittrex
- Regulation And Licencing In More Detail
- Bittrex Awards
- Minimum Deposit Required For A Live Account With Bittrex
- Bittrex Commission And Fees Explained
- Compare broker fees against Bittrex
- Bittrex Withdrawal Fees Explained
- Bittrex Deposit Fees Explained
- Compare Broker Deposit Methods
- What Can You Trade With Bittrex?
- Alternatives To Bittrex
- Frequently Asked Questions About Bittrex
Who are Bittrex?
Bittrex is a foreign exchange broker headquartered in South Korea and provides a variety of tools for trading. Since its inception in 2010, Bittrex has emerged as a top player in the industry of online broker. Bittrex has an extremely competitive and full-featured trading site that is focused on forex, indices, metals, stocks , commodities.
Over the past 11 years, Bittrex has grown into one of the leading online brokers.
After launching in 2010, their customer base has become as big as 10,000+ clients.
Bittrex is the favourite for many dealers.. Our Bittrex review found that they're an superb alternative for automated trading solutions. It is most appropriate for investors that are looking for an assortment of assets. Social and automated trading options are the heart at Bittrex.
Technology plays a substantial role at Bittrex. Bittrex features trading on MetaTrader 4, cTrader Platform. Bittrex is fair, transparent, and also a well-regulated agent by the Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA). Their outstanding variety of tools will be beneficial for the majority of traders. Third-party partnerships also supply in-house research.
The trader resource section at Bittrex is quite enlightening for new traders since it allows them to have a closer look at the financial markets. Bittrex caters to all types of traders and are a must-have broker for almost any well-diversified approach to online trading.
If you feel that Bittrex is not right for you then at the bottom of this Bittrex review you wil find a lot of alternatives to Bittrex.
Everything you ought to know about trading with Bittrex
Bittrex is a dynamic platform that offers various methods of trading online. These tools cover the financial markets substantially. The Majority of the broker platforms offer less procedures than Bittrex
If you would like to trade with Bittrex, you will need a minimum deposit of $100. This deposit is required if you wish to begin trading using Bittrex. This 2021 Bittrex review will guide you safely about trading with them.
Bittrex is as versatile as another brokerage platform. Bittrex is ideal for traders who want a manageable range of cheap services. The programs provided by Bittrex are third-party, white-label offerings. All traders may choose out of MetaTrader 4, cTrader Platform.
Along with everything, Bittrex has multiple benefits to new and verteran traders and should be investigated. There's no minimum time on which a transaction must be kept open. The agents offer premium client service which rewards customers with benefits.
Many less reputable brokers attempt to pressurise customers into bigger funding for premium services. Bittrex, on the other hand, is much more concentrated on trading volume. Dealers can expect trading conditions to be fair, honest and transparent. The more lots traded by the consumer, the greater advantages will come along.
Bittrex accounts are available globally and provides quality service everywhere they have customers. There are only a select few countries where Bittrex accounts are not available. Traders in the following countries cannot open or use a Bittrex account:
BR, KR, IR, IQ, SY, JP, US
Is Bittrex Safe To Trade With?
Launched in 2010, Bittrex has been in operation for 11 years, they are headquarted in South Korea.
Bittrex is regulated by Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA). These figures have rules that make sure that trading platforms have measures in place to maintain investor's assets procured. This usually means that Bittrex users don't need to be worried about their money since it is segregated and safely kept in banks that are established. SSL encryption simplifies each user's personal information as well.
You are able to make use of a choice for 2 Factor Authentications (2FA) with Bittrex for heightened security. An SMS with the confirmation code will be sent to a phone. You'll be asked to input this code to log in to your account.
Another concern with fiscal brokers is in respect to safety may be manipulation of trading. This is highly disadvantageous to users on these platforms. Nonetheless, this is more prevalent in the example of Market Maker agents who compete with customers on the platform.
Bittrex Risk Disclaimer
Your capital is at risk
Pro's & Con's Of Trading With Bittrex
Every online trading platform will have a few pros and cons Bittrex review would be complete without having a balanced approach. This Bittrex review covers both the pros and cons you need to know before you make an account. A comparative analysis can put things into perspective so that you are aware of what to expect.
- Bittrex is trusted by 10,000+ clients
- Bittrex has low minimum deposit requirements
- Bittrex doesn't charge withdrawal fees
- Bittrex doesn't charge inactivity fees
- Bittrex doesn't charge CFD fees
- Bittrex offers trailing stop
- Bittrex offer trading on MetaTrader 4, cTrader Platform
- Bittrex offer 57 trading instruments
- Bittrex trades major forex pairs
- Bittrex offers trading on cryptocurrencies
- Bittrex can communicate in English, and Chinese
- Bittrex does not offer Negative Balance Protection
- Bittrex does not offer Guaranteed Stop Loss
- Bittrex charge deposit fees
- Bittrex doesn't trade minor forex pairs
- Bittrex doesn't trade exotic forex pairs
- Bittrex doesn't offer social trading
- Bittrex doesn't offer copy trading
Bittrex Review - Compare Brokers Similar To Bittrex
|Bittrex||Capital Index||merrill edge||sucden financial|
|Rating||5.81 / 10||5.71 / 10||4.9 / 10||6.15 / 10|
|Headquarters||South Korea||Cyprus||USA||Puerto Rico|
|Regulated By||Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA)||Financial Conduct Authority (FCA), FCA FRN 709693||Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F277||Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F314|
|Find Out More|
|Risk Warning||Your capital is at risk||Your capital is at risk||Your capital is at risk||Your capital is at risk|
Bittrex Review - Regulation And Licencing In More Detail
Bittrex is regulated by Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA).
Bittrex, as a company, has a powerful set of rules for ensuring fair trading on its own platform. For data encryption functions, it supplies an industry-standard secure socket layer (SSL).
In accordance with the company's privacy regulations, customer information is never to be shared with some other institutions or individuals. This includes credit history and other financial information.
Bittrex Review - AwardsAt the time of writing this Bittrex review, and despite Bittrex’s impressive offering, the company has surprisingly not garnered any other awards to date.
Bittrex Trading Platforms
Bittrex are a trustworthy broker that has been operating for over 11 years. They offer a large range of options in their client accounts.
In the following table we take the main parts of any professional online trading platform and compare Bittrex with Capital Index, merrill edge, and sucden financial
Bittrex Review - Minimum Deposit Required
The minimum deposit you must deposit to begin on Bittrex is $100. This is a decent amount for people just beginning. It's possible to make more complex deposits as you cooperate. But, make certain that you understand how to make the most of your money before investing in larger sums.
Bittrex Review - Commission And Fees Explained
Bittrex is an online brokerage platform, and many online brokerages charge lower fees than traditional brokerages tend to charge. The cause of this is that the businesses of online brokerages are scaled better. That is, an internet broker isn't necessarily influenced by the number of customers they have.
But this does not necessarily mean that online brokers do not charge any fees. They charge fees of varying rates for various services to make money. There are mainly three types of penalties for this purpose.
The first sort of charges to keep an eye out for are trading charges. Whenever you make an actual trade, like purchasing a stock or an ETF, you're charged trading charges. In these cases, you're paying a spread, funding rate, or even a commission. The sorts of trading charges and the rates differ from broker to broker.
Commissions can be fixed or dependent on the traded volume. On the other hand, a spread refers to the difference between the buying and selling price. Funding or overnight prices are those that are charged when you maintain a leveraged position for longer than a day.
Aside from trading fees, online agents also charge non-trading fees. These are dependent on the activities you undertake on your account. They're billed for services like depositing money, not trading for lengthy periods, or withdrawals.
In general, Bittrex does not charge high fees compared to other online brokers. For operations other agents fee for, they do not charge a broker fee, or they charge a smaller sum. This can be beneficial for those who regularly trade, for example daily or weekly trading.
But, non-trading fees charged by Bittrex are comparatively competitive. Consequently, you're charged more for non-trading activities in your trading accounts, such as deposits and withdrawal. These aren't related to the sale and purchase of resources.
This Bittrex review breaks down every one of the relevant non-trading charges for you in detail.
Compare broker fees against Bittrex
Bittrex Review - Withdrawal Fees ExplainedBittrex doesn't charge withdrawal fees
Withdrawal of money is possible at any moment from your Bittrex account. You can draw up sums to the amount of your account balance, keeping aside the perimeter utilized. 1 thing to keep in mind is that you don't necessarily need to have any money in your account.
In addition, the withdrawn money will be moved directly to the account you use to make deposits. Thus, if you used a credit card for deposits, then the withdrawn cash will be sent into the card. Bittrex will ask you to provide other withdrawal methods if your details have changed since your deposit.
There is a minimum withdrawal amount. In case you're withdrawing cash in various currencies from USD, a conversion fee is also applicable. The conversion fee will depend on the currency you're choosing to draw in.
Bittrex Review - Inactivity Fees Explained
Understanding whether you will be charged inactivity fees is only one of those buzzing questions that run through your head while open an account with Bittrex. An inactivity fee is an amount charged to registered dealers that have not engaged in purchasing or selling for some time. The period regarded as inactive is determined by the broker.
The inactivity fee differs from 1 broker to another and is not standardized. If a dealers account doesn't have a purchasing or selling transaction, it is claimed by the agent as an inactivity fee. The traders have to pay this commission under terms and conditions they had agreed while registering.
Bittrex doesn't charge inactivity fees so you are free to use your account as needed
Even if no fees have been implied by Bittrex, it's best that you close the account if you are inactive. Inactivity fees aren't just charged by brokerage companies but also many financial services.
For other trading platforms, the inactivity fee depends upon the type of account you've selected. The inactivity fee is exposed to a lot of conditions and should be revealed clearly by the broker beforehand.
Bittrex Review - Deposit Fees Explained
When you move money into your trading account by the bank account, a deposit fee can be billed by the broker. Most brokers do not charge an excessive amount of money for this particular operation.
Bittrex charges a deposit fee for transferring money into your trading account.
Depositing cash on the Bittrex trading platform is easy. You simply need to complete a single-user profile survey to start depositing money into your trading account. You will have to provide an identity proof and evidence of residency to deposit substantial sums.
Bittrex Review - Compare Broker Deposit Methods
What Can You Trade With Bittrex?
Note: Bittrex offers many different trading instruments due to regulatory restrictions in various countries. Trading instruments offered will differ depending on the country of residence of the client.
Bittrex has a wide variety of over 57 instruments available for you to trade with.
If trading forex pairs is of interest to you then Bittrex offer over forex pairs.
Compare Bittrex, Capital Index, merrill edge & sucden financial below.
Reviewing The Bittrex Mobile App
Note: Bittrex's mobile app has many functions and is being constantly developed. The below information was accurate at the time of compiling this Bittrex review.
Understand the capabilities of the mobile apps of Bittrex, Capital Index, merrill edge & sucden financial below.
Alternatives To Bittrex
If, after studying this Bittrex review, they do not meet your requirements check out these Bittrex alternatives.
We have scoured the web to find the best alternatives to Bittrex. Click the links below to find out more.
Frequently Asked Questions about Bittrex
Can I try Bittrex before I buy?
Yes, you can most definitely try Bittrex before you buy. Bittrex provides demo accounts for the convenience of beginner traders. You may use this feature to build your faith in the machine and yourself and your trading strategies.
If you sign up to get a demonstration account on Bittrex, you may set out with a decent amount of virtual money. It's to establish a sense of security and confidence in you until you choose to spend your own money.
With this digital Bittrexdemo account, you can experiment at all, to whatever period you desire. You might also open positions, examine different trading strategies, and more.
Bittrex specifies on its official site which you are able to exchange real time stocks with your demo account.
Is Bittrex safe?
You can drop all of your worries because we believe that Bittrex is totally safe to use. It is in compliance with all the rules of Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA).
Nevertheless, Bittrex doesn't provide assured stop-loss protection.
Why does Bittrex ask for my passport?
The reason that Bittrex asks for your passport when you open a live account is to ensure that it remains within the rules of its regulated bodies. Because there is a lot of money moving around the world, Bittrex has to be careful that they don't breach any money laundering laws and part of that is know as KYC (Know your customer). This means that at all times, Bittrex must know exactly who they are dealing with so that if there is any investigation they are comfortable that they are well within the law.
How can I start trading with Bittrex?
The process to start trading withBittrex is perhaps simple enough to be a cakewalk. You need to begin by signing up on the Bittrex website. It will require you to fill in details pertaining to the credibility and security of your account.
Once you are done setting up your profile, you must deposit a minimum amount to get started. The minimum deposit for a live account with Bittrex is $100. You should have a good hold over the nuances of online trading before you set out and trade with real money.
If you are confident of your knowledge and understanding, you can open an account with Bittrex.
The best way to kickstart your trading career with Bittrex is to open a demo account facility before risking any real money
What funding methods do Bittrex accept?
There are a number of methods to finance your accounts with Bittrex. The process is effortless and quick, with various payment methods in your fingertips.
You can use debit or credit cards ranging from Visa, Diners, and Maestro to MasterCard and Visa Electron. PayPal can be at your disposal for depositing money. You have to keep in mind that PayPal is not available in every place. The currencies Bittrex
Is my money safe with Bittrex?
Yes, your money is safe and secure with Bittrex. As you know, Bittrex works with good conformation to. It has established plenty of steps to protect all its own investors.
Bittrex safeguards its clients' personal and sensitive information under SSL encryption. Your funds will be retained highly secure in top-tier banks.
If you wish to further protect your accounts, it is possible to enable Two-Step Verification as well. It requires an SMS affirmation that you access your account.
Is Bittrex trading good?
Yes, trading through Bittrex is a nice and good experience indeed. It's a great and intuitive platform with helpful features for your ease. In addition, you could also obtain access to a vast selection of educational resources and assistive material to kickstart your trading experience.
If you are still skeptical, it is possible to start a eToro demo account and assess the trustworthiness of the platform for yourself.
Which Countries does Bittrex support?
Bittrex operates across the world. However, due to regulations there are some countries that Bittrex does not accept clients resident in BR, KR, IR, IQ, SY, JP, US
Is Bittrex legit?
Bittrex is a legit company headquarted in South Korea since 2010. They are regulated by Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA). Bittrex is an acclaimed fintech company, which operates with transparency. You will not have to bear any hidden costs or be a victim to any scams.
Is Bittrex a good broker?
Bittrex is a great broker, and its own users may vouch for it. The highlight of this platform is its fast order execution on transactions.
You will discover the clean layout of this platform along with the admirable features a pleasure to work with.
Is Bittrex a trustworthy broker?
Yes, Bittrex is a trustworthy broker. Top-tier financial authorities regulate all operations. Over 10,000+ users registered with them can reaffirm their trustable nature.
What is the minimum deposit for Bittrex?
The minimum deposit to open a live account with Bittrex is $100
How long do Bittrex withdrawals take?
Normally, withdrawal of money from Bittrex is actioned within a couple of working days but depending on the withdrawal method chosen, it could take up to 7 working days for the withdrawal from Bittrex to show in your bank account.
Are Bittrex regulated?
Bittrex are regulated by Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA)
Is Bittrex a market leading broker?
Bittrex is indisputably among the business leaders. It has over 10,000+ registered users and over 11 years of expertise on its own record. They're one of the world's top trading platforms and a dominant figure in the Fintech revolution.
It simplifies this status to its unbelievable platform and broad selection of resources plus tools so you may put money into capital markets.
Is Bittrex a con?
No, Bittrex is not a con. They are regulated by Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA) and must adhere to their rules. Thus, it is safe to say that Bittrex is not a scam.
Can you make money with Bittrex?
Using Bittrex, many traders earn a great deal of money. However, on average, through continual trading, you can make between 2% - 10% profit a month.
This can look like a little number, but over the entire year, this adds to a substantial amount of gains. While Bittrex supply you all the tools to make money, they cannot guarantee you will gain.
Does Bittrex have fees?
Yes. To begin trading using Bittrex, you need to deposit $100. Particular commissions while trading additionally applies. Any processing fees from your bank might have to be incurred by you.
When was Bittrex founded?
Bittrex was founded in 2010 in South Korea. Bittrex is regulated by Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA).
How many people use Bittrex?
Bittrex is a globally recognised broker with 10,000+ customers.
Where is the Bittrex head office?
Bittrex has its head office in South Korea
Does Bittrex offer negative balance protection?
No. Bittrex doesn't offer negative balance protection. If your balance is negative, Bittrex suggests that you promptly contact client services. With this, you can correct any imbalances in your own account.
Does Bittrex offer guaranteed stop loss?Bittrex unfortunately, does not offer guaranteed stop loss. Bittrex provides a chance for its traders to close their trades in their specified price. Aside from this, Bittrex doesn't offer guaranteed stop loss.
Does Bittrex allow scalping?Yes, Bittrex do permit scalping. Several traders throughout the world choose Bittrex due to their scalping services. They offer trading on MetaTrader 4, cTrader Platform which allow this.
Does Bittrex allow hedging?
Yes, Bittrex does allow hedging.
Can you trade energies with Bittrex?
No, unfortunately you cannot trade energy stock with Bittrex
Can you trade agricultural shares with Bittrex?
No, unfortunately you cannot trade agricultural stock with Bittrex
Can you trade cryptocurrency with Bittrex?
Yes, you can trade cryptocurrency with Bittrex
Can you trade metals with Bittrex?
No, unfortunately you cannot trade metals with Bittrex
Can you trade UK Shares with Bittrex?
No, unfortunately you cannot trade UK shares with Bittrex
Can you trade US Shares with Bittrex?
Yes, you can trade US shares with Bittrex
Can you trade Japanese Shares with Bittrex?
No, unfortunately you cannot trade Japanese shares with Bittrex
Can you trade German Shares with Bittrex?
No, unfortunately you cannot trade German shares with Bittrex
Does Bittrex accept bank transfers?
Yes, Bittrex accepts bank transfers for depositing money.
Does Bittrex accept credit cards?
Yes, Bittrex accepts credit cards for depositing money.
Does Bittrex accept PayPal?
No, Bittrex does not accept PayPal.
Does Bittrex accept Skrill?
No, Bittrex does not accept Skrill.
Does Bittrex accept Payoneer?
Yes, Bittrex accepts Payoneer for depositing money.
Does Bittrex accept Neteller?
No, Bittrex does not accept Neteller.
Does Bittrex offer Live Chat customer support?
Yes, Bittrex offers customer support through live chat.
Does Bittrex offer phone customer support?
Yes, Bittrex offers customer support over the telephone.
Does Bittrex offer email customer support?
Yes, Bittrex offers customer support through email.
What languages can Bittrex communicate in?
Bittrex has the ability to communicate and support customers who speak: English, and Chinese
Does Bittrex have a wikipedia page?
No, Bittrex does not have an official wikipedia page.
Does Bittrex offer demo accounts?
Yes, Bittrex offers virtual portfolio accounts so you can learn their systems before risking any real capital. Inexperienced traders can open a demo account in order to become better acquainted with the areas of Forex trading and test out some of Bittrex's features before getting a live account.