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Bittrex is a cryptocurrency exchange founded in 2014 by three cyber security engineers – Bill Shihara, Richie Lai, and Rami Kawach. It is a US-based cryptocurrency exchange that provides retail traders with a secure and easy to use trading platform.
Bittrex supports crypto-to-crypto trading as well as fiat-to-crypto and vice versa for numerous digital assets. The only fiat currency supported at Bittrex is the US dollar (USD) and the tradeable crypto markets include US dollars (USD), Bitcoin (BTC), Ethereum (ETH), and Tether (USDT). In total, Bittrex offers over 350 trading pairs for an extensive range of crypto assets. Bittrex supports so many crypto assets because they hope to foster innovation in the blockchain industry by supporting emerging technologies.
The Bittrex trading platform employs reliable and effective security technologies to keep their users and crypto assets safe. Traders’ funds are protected with a multi-stage wallet strategy with the majority of funds held in cold storage. Bittrex also uses two-factor authentication as well as a host of other security measures. The trading engine is a proprietary design for scalability and to ensure trade orders are executed in real-time. Traders benefit from various order types including market orders and conditional orders such as limit and stop limit orders. For more advanced trading, the platform supports third-party trading platforms and algorithmic trading via APIs.
Bittrex charges traders very low trading fees at just .25% per trade. Also, the exchange doesn’t charge any fees for both crypto or fiat currency deposits or withdrawals.