If you've spent time in the cryptocurrency space, you’ve likely encountered Bittrex—often nicknamed "Trex." This US-based exchange stands out for its extensive coin listings, including niche altcoins unavailable elsewhere. But does it live up to its reputation? Are there better alternatives?
In this Bittrex review, we’ll cover:
- Exchange security and safety protocols
- Fee structure and funding options
- Coin coverage and trading pairs
- User experience and platform features
- Alternatives like Kraken
Bittrex Overview
Founded: 2014
Location: Seattle, Washington
24-hour Trading Volume: ~$46 million (Rank #40 globally)
Key Features:
- 220+ cryptocurrencies
- Fiat (USD) support
- Advanced trading engine
Founding Team
Bittrex was launched by cybersecurity experts from Amazon, Blackberry, and Microsoft:
- Bill Shihara (CEO)
- Richie Lai (CIO)
- Rami Kawach (CTO)
In 2018, Bittrex expanded internationally with Bittrex Malta, serving non-US traders via international.bittrex.com.
Is Bittrex Safe?
Security is a top concern for crypto traders. Unlike older exchanges, Bittrex has no history of breaches, thanks to its founders’ expertise.
Exchange Security Measures
- Cold Storage: Majority of funds are offline.
- Multi-Signature Wallets: Required for hot wallet access.
- SSL Encryption: Valid certificates on
bittrex.comandinternational.bittrex.com(watch for phishing sites).
User Safety Tips
- Enable 2FA via Google Authenticator.
- Never store large amounts on the exchange—use cold wallets.
👉 Best hardware wallets for cold storage
Bittrex Fees
Trading Fees
- Flat 0.25% fee on all trades (no maker-taker model).
Deposit/Withdrawal Fees
- Crypto: Free deposits; network fees apply for withdrawals.
- Fiat: No Bittrex fees (bank fees may apply).
Note: Bittrex may introduce maker-taker discounts in the future.
Coin Coverage
Bittrex excels with 220+ coins across four markets:
- BTC Market
- ETH Market
- USDT Market
- USD Fiat Market
Top Tip: Check liquidity before trading—some altcoins have thin order books.
Registration & KYC
- Sign Up: Provide email and basic details.
- Verify Identity: Submit government-issued ID via NetVerify (~2-3 hours).
- Corporate Accounts: Available for businesses (takes ~1 week).
Funding & Withdrawals
Crypto Transfers
- Generate deposit addresses in the Wallets section.
- Withdrawals incur network fees.
Fiat Transfers (USD/EUR)
- Minimums: $1,000 deposit; $50 withdrawal.
- Process: Complete a fiat account request form.
Trading Platform
Key Features
- Advanced Charts: Built-in technical analysis tools.
- Order Types: Limit, stop-limit, and conditional orders.
- Dark Mode: Toggle for nighttime trading.
Missing: Market orders (use limit orders at bid/ask prices).
👉 How to trade crypto like a pro
Customer Support
- 24/7 Live Chat
- Email/Tickets
- Unofficial Subreddit: r/Bittrex
Response Times: Faster now (~hours) vs. days during bull markets.
Bittrex vs. Kraken
| Feature | Bittrex | Kraken |
|------------------|-------------------|-------------------|
| Fiat Pairs | USD | USD, EUR, GBP, CAD|
| Leverage | None | 5x (10 pairs) |
| Fees | 0.25% flat | 0%-0.26% (maker-taker)|
| OTC Desk | No | Yes |
Verdict: Kraken suits margin traders; Bittrex excels in altcoin variety.
FAQs
1. Is Bittrex available worldwide?
Yes, but non-US users are redirected to international.bittrex.com.
2. What’s the minimum deposit for fiat?
$1,000 for USD transfers.
3. Does Bittrex have a mobile app?
No—only third-party apps (use with caution).
4. How long do withdrawals take?
Crypto: ~1 hour (varies by network). Fiat: 1-3 business days.
5. Can I trade anonymously?
No—full KYC is mandatory.
Final Verdict
Pros:
- Strong security
- Wide coin selection
- Fiat support
Cons:
- No mobile app
- Complex fiat onboarding
Best For: Traders seeking altcoin diversity with fiat rails.
Disclaimer: This is not financial advice. Always conduct your own research.
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