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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.

This Bittrex review contains the most recent information about Bittrex.

If you are a new entrant in the world of trading and broker, so many facts will be confusing for you. Getting into the world of trading demands expert analyzing skills and comprehensive knowledge. You will get adept at all the concepts of brokerage since you keep trading. For starters, you have to choose the right broker who'll be clear with you constantly.

Within this fast-paced world of stock markets and trading, you will need guidance to make correct decisions. A professionally direct investment plan will generate hefty returns. Bittrex is one such platform which will take you and your investment to great heights. It's important to know about Bittrex before you trust them with your money.

Bittrex review

Our full Bittrex Review covers all you will need to know about trading using Bittrex. A fantastic agent can multiply your first investments and provide you favorable profits. If you want to earn profits, you must trade with a brokerage service that contrasts with your investing objectives.

There is no sure-fire way to guarantee profits; therefore, you must carefully analyze your agent before you select them. It's a common misconception that all agents will be exactly the same, but that is not true. Wrong judgment, initially, can put your investments in danger.

Bittrex is a broker which has paved its way successfully into the brokerage world. Within this review, we've attempted to collate a number of the vital facets of Bittrex. This review will allow you to know whether Bittrex is a good fit for your own investments or not. We have attempted to breakdown all of the qualities and charges for your advantage.

Bittrex Review, Table Of Contents

Who are Bittrex?

Bittrex is a foreign exchange broker headquartered in South Korea and provides a range of tools for online trading. Since its establishment in 2010, Bittrex has emerged as a leading player in the industry of online brokerage. Bittrex has a highly aggressive and full-featured trading website that's focused on forex, indices, metals, shares, commodities.

Over the past 11 years, Bittrex has grown into one of the leading online brokers.

After launching in 2010, their client base has become as large as 10,000+ clients.

Bittrex is a favorite of many dealers.. Our Bittrex review found that they are an superb choice for automated trading options. They're most appropriate for investors who are searching for a variety of assets. Social and automated trading options are the core at Bittrex.

Technology plays a substantial role in Bittrex. Bittrex features trading on MetaTrader 4, cTrader Platform. Bittrex is honest, transparent, and a well-regulated agent by the Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA). Their outstanding variety of resources will be beneficial for the majority of traders. Third-party partnerships also provide in-house analysis.

The educational department at Bittrex is quite enlightening for new dealers since it permits them to have a closer look at the financial markets. Bittrex caters to all sorts of traders and are a must-have broker for almost any well-diversified method of online trading.

Benefits of trading with Bittrex?

Trading with Bittrex includes numerous advantages. These advantages are what sets Bittrex apart from the rest of the online brokers. You need to check all of the advantages listed so you have a better comprehension of Bittrex.

The broker goes to great lengths to comprehend what traders need. Consequently, the support cost is low, quick, and convenient. The agent also gives a number of platforms for all kinds of traders. Bittrex ensures that the individual needs of all online traders are completely met.

Bittrex also features excellent trading conditions that are readily available to only an elite class of institutional clients. The tight spreads and fast executions are a great advantage for the traders. The technology adopted by Bittrex is among the maximum caliber, making sure that it's fast, dependable, and effective.

Bittrex acknowledges the importance of owning a fast order execution. A quick execution enables users to exchange without worrying about slippage safely. It is going to also aid the traders to grab the maximum profitable opportunities.

Automated trading is another important aspect of Bittrex. A new dealer can learn from business experts utilizing the automated trading alternative. The tight spread begins from as low as 0.0 pips, though they are available for only razor balances.

Bittrex has over 57 trading tools to support all kinds of traders. These instruments are dynamic and convenient for both the new and experienced traders. The traders can put aside all their worries when trading using Bittrex.

Bittrex overview

Year Founded: 2010

Regulated By: Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA)

Hedquarters: South Korea

Minimum Deposit: $100

Number Of Clients: 10,000+

Your capital is at risk

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 with Bittrex

Bittrex is a lively platform that provides various techniques of online trading. These instruments cover the financial markets substantially. Most of the brokerage platforms offer 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 with Bittrex. This 2021 Bittrex review will direct you easily about trading with them.

Bittrex is as flexible as any other broker platform. Bittrex is ideal for traders that want a manageable range of low-cost services. The programs provided by Bittrex are third-party, white-label offerings. All traders can pick from 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 over which a trade must be kept available. The agents provide premium customer service which rewards clients with benefits.

Many unprofessional brokers try to pressurise users into bigger financing for superior services. Bittrex, on the other hand, is much more focused on trading volume. Dealers can expect trading conditions to be reasonable, honest and transparent. The more lots traded by the consumer, the further advantages will come along.

Bittrex accounts are available around the world and provides excellent service everywhere they have customers. There are some select 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 2006, Bittrex has been open for 11 years, they have a head office in South Korea.

Bittrex is regulated by Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA). These figures have rules that mandate that trading platforms have measures in place to keep investor's assets secured. This usually means that Bittrex users do not need to worry about their money since it's segregated and safely stored in banks that are established. SSL encryption secures every user's personal information also.

You are able to make use of a choice for 2 Factor Authentications (2FA) with Bittrex for heightened security. An SMS for the confirmation code will be sent to your mobile phone. You will be asked to enter this code to log into your accounts.

Another concern with financial brokers with respect to security may be manipulation of trading. This is highly disadvantageous for consumers on these platforms. However, this is more widespread in the example of Market Maker agents who compete with customers on the platform.

Pro's & Con's Of Trading With Bittrex

Every online trading platform will have some ups and downs, and no 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 Pro's

  • 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 Con's

  • 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 Finpro AB Forex Forex Financial Services
Rating 4/5 4/5 4/5 4/5
Minimum Deposit $100 $0 $100 $2500
Year Founded 2010 2008 2003 2008
Headquarters South Korea GRENADINES STOCKHOLM Australia
Regulated By Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA) Unregulated Unregulated Australian Securities and investment Commission (ASIC)
Clients 10,000+ 10,000+ 10,000+ 10,000+
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 business, has a powerful set of rules for ensuring fair trading onto its own platform. For data encryption functions, it supplies an industry-standard secure socket layer (SSL).

As per the company's privacy regulations, customer data is to not be shared with any other institutions or individuals. This includes 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 that you must deposit to get started on Bittrex is $100. This is a decent amount for those just starting out. It's possible to create more advanced residue as you cooperate. But, make certain that you understand how to make the most of your cash before investing larger amounts.

Bittrex Review - Commission And Fees Explained

Bittrex is an online broker platform, and many online brokerages charge lower fees than traditional brokerages tend to charge. The cause of this is that the companies of online brokerages are scaled better. That is, an online broker is not necessarily affected by the number of clients they have.

But this does not mean that online brokers don't charge any fees. They charge fees of varying rates for various services to make money. There are mainly three types of fees for this purpose.

The first kind of fees to look out for are trading charges. Whenever you make an actual trade, like buying a stock or an ETF, you're billed trading fees. In such cases, you are paying a spread, funding rate, or a commission. The kinds 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 gap between the buying and selling cost. Funding or overnight rates are people who are charged when you maintain a leveraged position for more than a day.

Aside from trading fees, online brokers also bill non-trading fees. These are determined by the activities you undertake in your accounts. They are charged for operations like depositing money, not trading for lengthy periods, or withdrawals.

In general, Bittrex does not charge high fees in comparison to other online agents. For operations other brokers fee for, they do not charge a brokerage fee, or they charge a smaller sum. This can be beneficial for those who often exchange, for example weekly or daily trading.

But, non-trading fees charged by Bittrex are relatively greater. Consequently, you are billed more for non-trading actions on your trading accounts, such as deposits and withdrawal. These are not related to the purchase and sale of resources.

This Bittrex review breaks down each of the applicable non-trading charges for you in detail.

Compare broker fees against Bittrex

Bittrex Finpro AB Forex Forex Financial Services
Minimum Deposit $100 $0 $100 $2500
Withdrawal Fees $2 variable variable variable
Inactivity Fees
Deposit Fees
CFD Fees

Bittrex Review - Withdrawal Fees Explained

Bittrex doesn't charge withdrawal fees

Withdrawal of cash is possible at any time from the Bittrex account. You can draw sums up to the amount of your account balance, keeping aside the perimeter used. 1 thing to remember is that you don't necessarily have to have any money in your account.

In addition, the withdrawn money will be moved directly to the accounts 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 offer other withdrawal methods if your details have changed since your deposit.

There is a minimum withdrawal amount. In the event you are withdrawing cash in different currencies from USD, a conversion fee is also applicable. The conversion fee will be dependent on the currency you are opting to draw in.

Bittrex Review - Inactivity Fees Explained

Understanding whether you will be charged inactivity fees is one of the buzzing questions that run through your head while open an account with Bittrex. An inactivity fee is an amount charged to registered traders that have not engaged in purchasing or selling for some time. The period considered inactive is decided by the agent.

The inactivity fee also differs from one broker to another and isn't generalized. If a traders account doesn't have a buying or selling transaction, it's maintained by the agent as an inactivity fee. The traders need to pay this commission under terms and conditions that they had agreed while registering.

Bittrex doesn't charge inactivity fees so you are free to pop in and out of your account as needed

Even if no fees have been indicated by Bittrex, it is best that you close the account if you are inactive. Inactivity fees are not only charged by brokerage companies but also many financial services.

For other trading platforms, the inactivity fee depends on the sort of account you have selected. The inactivity fee is exposed to many conditions and should be disclosed 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 billed by the broker. Most brokers do not charge an excessive amount of money for this operation.

Bittrex doesn't charge deposit fees so you are free to transfer smaller amounts of money in more regularly if needed

Depositing cash on the Bittrex trading platform is easy. You simply need to finish a single-user profile questionnaire to begin depositing money into your trading account. You'll need to provide an identity evidence and evidence of residency to deposit large amounts.

Bittrex Review - Compare Broker Deposit Methods

Bittrex Finpro AB Forex Forex Financial Services
Minimum Deposit $100 $0 $100 $2500
Credit Card

What Can You trade With Bittrex?

Note: Bittrex provides a lot of different trading instruments due to regulatory restrictions in a few countries. Trading instruments offered can be different 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, Finpro, AB Forex & Forex Financial Services below.

Bittrex Finpro AB Forex Forex Financial Services
Platforms MetaTrader 4, cTrader Platform MT4 DealBook¬Ć 360 (Desktop, Mobile, iPhone, iPad, iPod touch, Web) MT4
Instruments Available 57 100 21 106
Forex & Crypto
Forex Pairs Available
Offers Major Forex Pairs? Yes Yes Yes Yes
Offers Minor Forex Pairs? No No No No
Offers Exotic Forex Pairs? No Yes No No
Offers Cryptocurrencies? Yes No No Yes
Commodity CFD's
Commodities Offered 0 0 0 0
Trade Metals? No Yes Yes Yes
Trade Energies? NO Yes Yes Yes
Trade Agricultural? No Yes Yes Yes
Indiced & Stock CFDs
Stocks Offered 0 0 0
Trade UK Shares? No No Yes Yes
Trade US Shares? Yes Yes No No
Trade German Shares? No No No No
Trade Japanese Shares? No No No No

Your capital is at risk

Your capital is at risk

Your capital is at risk

Your capital is at risk

Alternatives To Bittrex

If, after studying this Bittrex review, Bittrex does not quite meet your needs check out these Bittrex alternatives.

We've scoured the internet 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 certainly try Bittrex before you buy. Bittrex provides demo accounts for the convenience of new traders. You can use this feature to build your faith in the machine as well as yourself and your trading strategies.

If you register to get a demo account on Bittrex, you will set out using a decent amount of virtual currency. It's to establish a feeling of safety and confidence in you until you decide to spend your own money.

With this virtual Bittrexdemo account, you can experiment at all, to whatever length you desire. You might also open positions, examine different trading strategies, and much more.

Bittrex specifies on its official website which you can trade real time stocks with your demo account.

Is Bittrex safe?

You can drop all your worries because we believe that Bittrex is totally safe to use. It's in compliance with all 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 ways 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 Which range from Visa, Diners, and Maestro to MasterCard and Visa Electron. PayPal is also at your disposal for depositing money. You must keep in mind that PayPal isn't available in every country. The monies Bittrex

Is my money safe with Bittrex?

Yes, your money is safe and secure with Bittrex. As you know, Bittrex operates with good conformation to. It's established plenty of steps to guard all its investors.

Bittrex safeguards its clients' personal and sensitive data under SSL encryption. Your funds will be kept highly secure in top-tier banks.

If you want to further safeguard your accounts, you can empower Two-Step Verification also. It takes an SMS confirmation that you get your accounts.

Is Bittrex trading good?

Yes, trading via Bittrex is a nice and decent experience indeed. It is an excellent and intuitive platform with helpful features for your ease. Moreover, you could even obtain access to a huge collection of educational resources and assistive material to kickstart your trading experience.

If you are still skeptical, you can start a eToro demo account and assess the credibility of the platform for yourself.

Which Countries does Bittrex support?

Bittrex operates across the globe. However, due to regulations there are some countries that Bittrex can't accept clients from

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 the platform is its quick order execution on transactions.

You'll discover the clean layout of this platform and 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 currently one of the business leaders. It has over 10,000+ registered customers and over 11 years of experience on its own record. They're among the world's top trading platforms and also a dominant figure in the Fintech revolution.

It majorly owes this standing to its unbelievable platform and wide selection of resources plus tools so that you can invest in 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?

Through Bittrex, many traders earn a great deal of money. But typically, through consistent trading, you also can create between 2% - 10% profit a month.

This may seem like a small number, but over the year, this adds to a significant number of gains. While Bittrex supply you all the tools to make money, they can't guarantee you will profit.

Does Bittrex have fees?

Yes. To begin trading using Bittrex, you need to deposit $100. Certain commissions while trading also apply. 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 agent 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 contact client services. With this, you can fix any imbalances within your own account.

Does Bittrex offer guaranteed stop loss?

Bittrex unfortunately, doesn't offer guaranteed stop loss. Bittrex provides a chance to its dealers to close their trades in their specified price. Aside from that, Bittrex doesn't offer guaranteed stop loss.

Does Bittrex allow scalping?

Yes, Bittrex do allow scalping. Many traders across the world select Bittrex for their services that are trading. 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.