Bittrex Guide – Read our In-Depth Bittrex Review
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 US users.
If you are a new entrant in the world of trading and broker, so many details will be confusing for you. Getting into the world of trading requires expert assessing skills and thorough knowledge. You'll get adept at all the concepts of broker since you keep trading. For starters, you need to select the right agent who will be transparent with you always.
Within this fast-paced world of stock markets and trading, you will need guidance to make proper decisions. A professionally direct investment program will generate hefty returns. Bittrex is one such stage which will take you and your investment into great heights. It is important to know all about Bittrex before you trust them with your money.
Our entire Bittrex Review covers everything you need to know about trading using Bittrex. A fantastic agent can multiply your first investments and provide you favorable profits. If you want to make profits, you must trade with a broker service that aligns with your investment objectives.
There is no sure-fire way to ensure profits; therefore, you should carefully analyze your broker before you choose them. It's a common misconception that all agents will be exactly the same, but that is not correct. Wrong judgment, in the beginning, can put your investments in danger.
Bittrex is a broker which has paved its way successfully into the broker world. In this review, we have tried to collate a number of the important aspects of Bittrex. This review will help you to know whether Bittrex is a fantastic fit for your own investments or not. We have tried to breakdown all of the features and charges for your convenience.
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?
- 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 forex broker headquartered in South Korea and provides a variety of tools for online trading. Since its beginning in 2010, Bittrex has emerged as a leading player in the field of online brokerage. Bittrex includes a highly competitive and full-featured trading site that is focused on currency, indices, metals, shares, commodities.
Over the past 11 years, Bittrex has grown into one of the leading online brokers.
After establishing in 2010, their consumer base is becoming as big as 10,000+ clients.
Bittrex is the favorite of many dealers.. Our Bittrex review discovered that they are an excellent choice for automated trading options. They're most appropriate for investors that are looking for an assortment of assets. Social and automated trading solutions are the heart at Bittrex.
Technology plays a significant role in Bittrex. Bittrex features trading on MetaTrader 4, cTrader Platform. Bittrex is fair, transparent, and a well-regulated broker by the Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA). Their outstanding array of resources will be beneficial for most traders. Third-party partnerships also supply in-house analysis.
The trader resource section at Bittrex is very insightful for new dealers 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 any well-diversified approach to 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.
What you should know about trading using Bittrex
Bittrex is a dynamic platform that provides various techniques of trading. These tools cover the monetary markets considerably. The Majority of the broker platforms provide less methods than Bittrex
If you would like to exchange with Bittrex, you'll need a minimum deposit of $100. This deposit is compulsory if you would like to begin trading using Bittrex. This 2021 Bittrex review will guide you clearly about trading with them.
Bittrex is as flexible as any other broker platform. Bittrex is great for traders that want a manageable array of cheap services. The platforms offered by Bittrex are third-party, white-label offerings. All traders may pick from MetaTrader 4, cTrader Platform.
Along with everything, Bittrex has multiple benefits to new and verteran traders and should be investigated. There is no minimum time on which a transaction has to be kept open. The brokers provide premium customer service that rewards clients with advantages.
Many unprofessional brokers try to pressurise customers into larger financing for superior services. Bittrex, on the other hand, is more focused on trading volume. Traders can expect trading conditions to be reasonable, honest and transparent. The more lots traded by the consumer, the more advantages will come along.
Bittrex accounts are available around the world and provides quality service wherever they have customers. There are a few countries where Bittrex accounts are not available. Traders in the following countries cannot open or use a Bittrex account:
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 bodies have rules that mandate that trading platforms have measures in place to maintain investor's assets secured. This means that Bittrex users do not need to be worried about their money since it's segregated and safely kept in banks that are established. SSL encryption secures every user's private information also.
You are able to make use of an option for Two Factor Authentications (2FA) with Bittrex for heightened safety. An SMS with the confirmation code will be sent to a phone. You'll be asked to enter this code to log in to your accounts.
Another concern with fiscal brokers is in regards to security may be manipulation of trading. This is highly disadvantageous for consumers on those platforms. However, this is much more prevalent in the example of Market Maker brokers who compete with users on the stage.
Pro's & Con's Of Trading With Bittrex
Every online trading platform has a few ups and downs, and no Bittrex review would be complete without showing both sides. 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 doesn't charge withdrawal fees
- Bittrex doesn't charge inactivity fees
- Bittrex doesn't charge deposit fees
- Bittrex doesn't charge CFD fees
- 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
- Bittrex does not offer Negative Balance Protection
- Bittrex does not offer Guaranteed Stop Loss
- Bittrex doesn't trade minor forex pairs
- Bittrex doesn't trade exotic forex pairs
Bittrex Review - Compare Brokers Similar To Bittrex
|Bittrex||City Index||NordFX||DIF Broker|
|Regulated By||Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA)||Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Monetary Authority of Singapore (MAS)||Cyprus Securities and Exchange Commission (CySEC), License No: 209/13||Financial Conduct Authority (FCA)|
|Find Out More|
|Risk Warning||Your capital is at risk||74% of retail investor accounts lose money when trading CFDs with this provider||Losses can exceed deposits||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 business, has a strong collection of rules for ensuring honest trading on its platform. For data encryption functions, it provides an industry-standard secure socket layer (SSL).
As per the organization's privacy regulations, client information is never to be shared with any other institutions or individuals. Including credit history and other financial details.
Bittrex Review - Awards
- At the time of writing this Bittrex review, they had not received any awards.
Bittrex Review - Minimum Deposit Required
The minimum deposit you must deposit to begin on Bittrex is $100. This is an adequate amount for people just beginning. You can make more advanced deposits as you cooperate. However, make certain that you understand how to make the most of your cash before investing larger sums.
Bittrex Review - Commission And Fees Explained
Bittrex is an online broker platform, and most online brokerages charge lower fees than traditional brokerages tend to bill. The reason for this is that the businesses of online brokerages are scaled much better. That is, an internet broker isn't necessarily affected by the amount of customers they have.
However, this doesn't necessarily mean that online brokers don't charge any fees. They charge prices of varying rates for a variety of services to make money. There are primarily three types of penalties for this objective.
The first kind of fees to keep an eye out for are trading fees. When you make an actual trade, like buying a stock or an ETF, you are charged trading charges. In these cases, you're spending a spread, financing rate, or a commission. The kinds of trading fees and the rates differ from broker to broker.
Commissions could be fixed or determined by the traded quantity. On the flip side, a spread refers to the gap between the buying and selling cost. Funding or overnight prices are those that are billed when you hold a leveraged position for more than daily.
Apart from trading fees, online agents also charge non-trading fees. These are dependent on the actions you undertake in your account. They're charged for surgeries like depositing money, not trading for long periods, or withdrawals.
Generally, Bittrex doesn't charge high fees compared to other online agents. For operations other brokers charge for, they either do not charge a broker fee, or they charge a smaller amount. This is beneficial for those who often exchange, for example daily or weekly trading.
But, non-trading fees billed by Bittrex are relatively higher. As a result, you're billed more for non-trading actions in your trading accounts, like withdrawal and deposits. These are not related to the sale and purchase of assets.
This Bittrex review breaks down each of the applicable non-trading fees for you in detail.
Compare broker fees against Bittrex
|Bittrex||City Index||NordFX||DIF Broker|
Bittrex Review - Withdrawal Fees ExplainedBittrex doesn't charge withdrawal fees
Withdrawal of money is possible at any time from the Bittrex account. It's possible to withdraw up sums to the amount of your account balance, keeping aside the margin utilized. One thing to remember is that you don't always have 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, in the event that you used a credit card for deposits, then the withdrawn money is going to be sent into the card. Bittrex will ask you to provide other withdrawal methods in case your details have changed since your deposit.
There is a minimum withdrawal amount. In case you are withdrawing cash in various currencies from USD, a conversion fee is also important. The conversion fee will be dependent on the money you are opting to withdraw in.
Bittrex Review - Inactivity Fees Explained
Understanding whether you will be charged inactivity fees is one of the buzzing questions which run through your mind while open an account with Bittrex. An inactivity fee is an amount charged to registered dealers who haven't engaged in buying or selling for a while. The period regarded as inactive is determined by the agent.
The inactivity fee also differs from 1 agent to another and isn't standardized. If a dealers account doesn't have a buying or selling trade, it is maintained by the agent as an inactivity charge. The traders have to pay this fee under conditions and terms that 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 are indicated by Bittrex, it's best for you to close the account if you are inactive. Inactivity fees are not just charged by brokerage firms but also many financial services.
For other trading platforms, the inactivity fee depends upon the type of account you have chosen. The inactivity fee is exposed to many circumstances and needs to be revealed clearly by the agent beforehand.
Bittrex Review - Deposit Fees Explained
When you move money into your trading account from the bank account, a deposit fee can be charged by the broker. Most agents don't charge too much money for this particular operation.
Bittrex doesn't charge deposit fees so you are free to transfer smaller amounts of money in more regularly if needed
Depositing money on the Bittrex trading platform is simple. You just need to finish a single-user profile questionnaire to begin depositing money into your trading account. You'll have to give an identity evidence and proof of residency to deposit substantial amounts.
Bittrex Review - Compare Broker Deposit Methods
|Bittrex||City Index||NordFX||DIF Broker|
What Can You trade With Bittrex?
Note: Bittrex offers a lot of different trading instruments due to regulatory restrictions in a few countries. Trading instruments offered can differ based 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 currency pairs.
Compare Bittrex, City Index, NordFX & DIF Broker below.
Alternatives To Bittrex
If, after reading this Bittrex review, Bittrex doesn't fulfill your requirements check out these Bittrex alternatives.
We've scoured the internet to find the best alternatives to Bittrex. Click on the hyperlinks below to learn more.
Frequently Asked Questions about Bittrex
Can I try Bittrex before I buy?
Yes, you can most certainly try Bittrex before you buy. Bittrex provides demo accounts for the ease of inexperienced traders. You can use this feature to build your faith in the system as well as yourself and your trading strategies.
If you sign up for a demonstration account on Bittrex, you may set out using a decent amount of virtual currency. It's to establish a feeling of safety and confidence in you before you choose to spend your own money.
With this virtual Bittrexdemo account, you can experiment at all, to whatever period you wish. You might even start positions, examine different trading approaches, and more.
Bittrex specifies on its official site that you are able to trade real time stocks in a demo account.
Is Bittrex safe?
You can drop all of your worries because we believe that Bittrex is completely safe to use. It is in compliance with the principles of Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA).
Nevertheless, Bittrex does not 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 acocunt 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 fund your accounts with Bittrex. The process is effortless and quick, with different payment methods in your fingertips.
You can use credit or debit cards Which range from Visa, Diners, and Maestro to MasterCard and Visa Electron. PayPal is also at your disposal for depositing money. You must bear in mind that PayPal isn't available in all place. The monies Bittrex
Is my money safe with Bittrex?
Yes, your money is safe and protected with Bittrex. As you know, Bittrex operates with good conformation to. It has established plenty of steps to guard all of its own investors.
Bittrex protects its clients' personal and sensitive information under SSL encryption. Your capital will be kept highly secure in top-tier banks.
If you wish to further protect your accounts, it is possible to empower Two-Step Verification also. It takes an SMS affirmation that you get your accounts.
Is Bittrex trading good?
Yes, trading via Bittrex is a pleasant and good experience indeed. It's a great and intuitive platform with useful features for your ease. Moreover, you could even obtain access to a vast collection of educational resources and assistive material to kickstart your trading expertise.
If you remain skeptical, it is possible to open a eToro demo account and assess the credibility of the platform on your own.
Which Countries does Bittrex support?
Bittrex operates across the world. However, due to regulations there are some countries that Bittrex cannot accept clients resident in
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 an excellent agent, and its own users may vouch for it. The highlight of the platform is its fast order execution on trades.
You'll discover the clean layout of this platform along with the commendable features that 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 one of the industry leaders. It has over 10,000+ registered users and over 11 years of experience on its record. They're one of the world's top trading platforms and a prominent figure in the Fintech revolution.
It simplifies this status to its incredible platform and broad range of tools plus resources so you can 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, several traders earn a great deal of money. However, on average, through consistent trading, you also can create between 2% - 10% profit a month.
This can look to be a small number, but within the year, this adds to a significant amount of gains. While Bittrex provide you all of the tools to earn money, they can't guarantee you will gain.
Does Bittrex have fees?
Yes. To start trading with Bittrex, you need to deposit $100. Particular commissions while trading additionally applies. Any processing fees from your bank might need 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 worldwide recognised broker with 10,000+ clients.
Where is the Bittrex head office?
Bittrex has its head office in South Korea
Does Bittrex offer negative balance protection?
No. Bittrex doesn't provide negative balance protection. If your balance is negative, Bittrex indicates that you promptly contact customer services. With this, you are able to correct any imbalances within your account.
Does Bittrex offer guaranteed stop loss?Bittrex unfortunately, does not provide guaranteed stop loss. Bittrex gives an opportunity for its traders to close their trades at 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?
No, Bittrex does not accept bank transfers.
Does Bittrex accept credit cards?
No, Bittrex does not accept credit cards.
Does Bittrex accept PayPal?
No, Bittrex does not accept PayPal.
Does Bittrex accept Skrill?
No, Bittrex does not accept Skrill.
Does Bittrex accept Payoneer?
No, Bittrex does not accept Payoneer.
Does Bittrex accept Neteller?
No, Bittrex does not accept Neteller.
Does Bittrex offer Live Chat customer support?
No, Bittrex does not offer customer support through live chat.
Does Bittrex offer phone customer support?
No, Bittrex does not offer customer support over the telephone.
Does Bittrex offer email customer support?
No, Bittrex does not offer customer support through email.
What languages can Bittrex communicate in?
Bittrex has the ability to communicate and support customers who speak:
Does Bittrex have a wikipedia page?
No, Bittrex does not have an official wikipedia page.
Does Bittrex offer demo accounts?
Yes, Bittrex offers demo accounts so you can learn their systems before risking any real money.