Open Bittrex account. Table of Contents

What is Bittrex?

Bittrex is a cryptocurrency exchange founded in 2013 in the United States based in Seattle and operating in the sector since 2015.

Considered one of the safest and most reliable platforms in the world, Bittrex offers traders the possibility to trade cryptocurrencies by being able to choose from a wide range of range of tools available (over 250) including Bitcoin and numerous of the most popular virtual coins on the markets including Bitcoin, Ethereum, Aragon, Crypto.com Coin, Cardano, Tether, Chainlink, Digibyte, XRP, NEO, Tron, Deapcoin, Uquid Coin, Litecoin, Monero, Bitcoin SV, Stellar, Tezos, Verge, Quant.

An intuitive and easy to use platform suitable for both experienced and novice traders. Structured on the basis of cutting-edge technologies, the Bittrex platform allows real-time executions, strict security of funds kept offline in totally free cold storage wallets (keeping cryptocurrencies in offline archives), two-factor customer authentication, cutting-edge graphics, fast deposits / withdrawals and over 300 coins and tokens to trade on. In addition, the platform allows you to view latest generation Trading View charts and offers algorithmic trading through numerous APIs. The software is available in both web and app versions for both IOS and Android mobile devices, which can be downloaded from the Apple Store and Google Play respectively.

Application Programming Interfaces (APIs) are interfaces that allow applications to connect with other applications. At the base of a wide range of application tools, services, websites, devices.

Although it may seem almost unusual, the cryptocurrency exchange Bittrex is strictly regulated: in the United States respecting the strict rules in force, by the Financial Market Authority of Liechtenstein (FMA) which requires the company to comply with the KYC / AML / CFT standards under the two Diligence Act, by Consob in Italy, BMA Bermuda and by CYSEC.

As for expenses, the exchange offers some of the most advantageous commissions on the markets but they vary according to the trader’s country of residence. For example, for investments up to $ 50,000, commissions for both makers and takers will be 0.20%. Beyond this amount, the commission to be paid will be calculated based on the investment volume of the last thirty days.

Regulation and license FMA – Consob – CYSEC – BMA
Platform Bittrex
Minimum deposit 50 € (and equivalent currencies)
Maximum deposit Unlimited
Credit card deposit fees 3%
Crypto deposit fees None
Minimum withdrawal 50 €
Maximum withdrawal Basic account 3 BTC per day – 100 BTC advanced account
Withdrawal Fees Varies based on the method selected
Exchange costs equal to 0.20% of the negotiated amount
Platform Bittrex
Markets offered Cryptocurrencies
Maximum available leverage 1: 3
Teaching material available
Stop Loss available
Spread 0.5% to 1.5%

How to invest with Bittrex?

The trader who wants to invest in crypto with Bittrex will have the possibility to access the markets through an intuitive and easy-to-use platform available both in web and app version for mobile devices. The exchange offers a wide range of tools on which to carry out any desired trade such as buy, sell or transfer at any time and with almost instant execution. The negotiations carried out through the exchan ge Bittrex are divided into existing orders (maker) and new orders just issued (taker).

Orders Maker
This type of order, although already entered in the Order book, will not be processed until a corresponding order (Taker) is placed in the future. A Maker order can be either a buy or a sell order. When a Maker order is associated with a new order just issued (Taken), a commission will be charged to the Maker order.
Taker Orders
Taken orders are executed instantly causing a decrease in available liquidity and a variation in the volumes of the Order Book. When the order is processed, a commission will be charged.

The structure of the Bittrex platform, both in the web and mobile version, is clear and easy to access. Divided into various categories that the customer can select based on the type of operation desired:

Markets.
Section where it will be possible to view all the crypto instruments in which to invest.
Discover.
Page dedicated to the latest crypto market news thanks to which the investor can be constantly updated on any events that could cause market fluctuations.
Orders.
In the orders section, the customer will be able to view both the list of open orders and the entire history of previously placed orders.
Holdings.
Area dedicated to digital wallets thanks to which the trader can view their cryptocurrencies and the corresponding value in dollars or euros.
Account.
On this page the trader can manage his account as he sees fit: change the passworld, increase the security level of the account, request assistance, maximum available leverage, etc.

Deposits and withdrawals

In order to be able to deposit funds on their Bittrex account, the trader can use:

  • Cryptocurrency wallet already owned by the trader.
  • Fiat bank transfer (if permitted in the customer’s country of residence.
  • Credit card

The exchange recently launched a new deposit method that can be used in much of the world. This method allows the use of Visa credit cards to be able to make fiat deposits and exchange digital assets instantly. For each transaction, commissions equal to 3% of the deposited amount will be charged.

As for the withdrawal operations, the trader will be able to carry out an operation in both fiat and crypto currency. Withdrawal fees vary depending on the selected payment method (bank transaction, cryptocurrency credit card).

How to open an account with Bittrex

The process of opening a new Bittrex account is simple and secure. Furthermore, for greater security for both the trader and the company, the exchange uses the KYC verification process to acquire certain and certified data on the identity of the investor.

Bittrex does not have an extensive list of accounts but a single account divided by single customer or company (respectively Personal or Corporate). Despite this, traders of any type will find the account offered compatible with their needs being simple to use but structured on cutting-edge technologies suitable for creating strategies of any level.

To open an account with Bittrex just follow the next very simple steps:

  • First you will need to visit the official Bittrex website.
  • Select the desired type of account being able to choose between Personal or Corporate (Personal or Corporate). In the event that a company wishes to invest with the exchange, they will need to provide further detailed information.
  • Enter a valid email for the new account (this will also be treated as the Bittrex Global username).
  • Create a password with over 12 characters including numbers and special symbols for added security.
  • Click on “Create an account”. Once this is done, a verification email will be sent to the address previously entered. Click on “Verify email” to complete the operation.
  • Read carefully and accept the terms and conditions of use imposed by the company.
  • Enter basic information regarding the identity of the new customer such as country of residence, via , city, region, post code, date of birth and nationality. Click on the “Continue”

    • button

  • At this stage you will need to submit documents in order to proceed with the KYC verification process. To start, click on “Start Verification”, select the type of personal document to be uploaded by choosing between passport, identity card or driving license and answer questions regarding the type of job, financial situation, experience in crypto trading, etc. Send a photo taken by webcam, phone or alternatively upload an image file from your computer.
  • If suitable, the trader will be able to proceed with a first deposit on the address of the selected digital wallet.

Trading and deposit / withdrawal fees

The exchange offers traders the opportunity to invest in cryptocurrencies by supporting the most competitive commissions on the market. As far as trading commissions are concerned, Bittrex presents an extremely flexible program, in fact the applicable rates vary as the volume of investments varies and the calculation will be carried out on. For deposit transactions the exchange will not charge any fees, while for withdrawals it will be necessary to incur a small fee.

Trading fees

As already mentioned, the extremely flexible management of the Bittrex commission program provides that the rates applied will differ according to the volume of investments up to zero negotiation costs. The commission will be charged when the order is actually executed using the following formula: amount x purchase price x rate. The rate will be calculated based on the total volume of the last 30 days of the customer’s account.

In the next table you will be able to know in detail the rates applied.

Volume traded in 30 days Maker Commissions Taker Commissions
From $ 0 to $ 5,000 0.75% 0.75%
From $ 5,000 to $ 10,000 0.50% 0.50%
From $ 10,000 to $ 25,000 0.35% 0.35%
From $ 25,000 to $ 100,000 0.20% 0.25%
From $ 100,000 to $ 1,000,000 0.12% 0.18%
From $ 1,000,000 to $ 10,000,000 0.05% 0.15%
From $ 10,000,000 to $ 60,000,000 0.02% 0.10%
From $ 60,000,000 to $ 100,000,000 0.00% 0.08%
Over $ 100,000,000 0.00% 0.05%

We would like to clarify that the commissions may be different based on the type of cryptocurrency traded, the total volume of trades made in 30 days and the type of order (Maker or Taker). The volume calculation over 30 trading days will be done on a daily basis with continuous updates of the volume calculation on the client’s account and trading fee schedule between 00:30 UTC and 01:30 UTC each day.

Deposit – Withdrawal Fees

The costs arising from the deposit and withdrawal operations with Bittrex are extremely advantageous. Efficient, automated monitoring ensures customers lightning-fast transactions and useful updates on balance, trade and holding information.

Deposit operations.
Bittrex does not charge any fees on deposits. But there are some tokens or cryptocurrencies that require the exchange to transfer client funds to another address before being credited. This means that the crypto or token network will charge a transfer fee over which Bittrex has no control.
Withdrawal Operations.
As for withdrawals for a token or crypto, the exchange will charge a small fee that can be viewed by clicking on the “withdraw” button in the selected crypto window.

It is important to make it known that if tokens are transferred on the blockchain to and from Bittrex Global, transfer fees may be charged.

Spread

Bittrex offers spreads of 0.5% on purchases and sales of cryptocurrencies deemed stable and a spread of approximately 1.5% on most tradable instruments. However, the actual percentage of the spread may decrease or increase based on market fluctuations.