| operations |
| comment | | "parent_author":"",<br>"parent_permlink":"bittrex",<br>"author":"steemit-review",<br>"permlink":"bittex-review-bittrex-is-another-exchange-focusing-on-more-experienced-traders",<br>"title":"Bittex Review.Bittrex is another exchange focusing on more experienced traders.",<br>"body":"![Screenshot-2018-5-8 Bittrex Review(1).png (https:\/\/steemitimages.com\/DQmdkk6cc2aqhUrYKca56kyMoqcx9N2FNXXVtVr3rdXdpro\/Screenshot-2018-5-8%20Bittrex%20Review(1).png)\n\n\n\n\nBittrex is another exchange focusing on more experienced traders. Based in Las Vegas,<br> it doesn\u2019t enable direct purchases of cryptocurrencies using fiat currencies such as euros and US dollars. Instead,<br> it focuses on paired trades between cryptocurrencies,<br> providing a sleek interface and quick transaction times. It also has a set of its own APIs,<br> which can be used for automated trading with bots. Having been launched by former employees of Microsoft and Amazon,<br> another one of its biggest draws is its robust security (it has never been hacked). That said,<br> the exchange\u2019s security and compliance efforts have resulted recently in a small number of users having their accounts disabled.\n![4c4c971c2d.png (https:\/\/steemitimages.com\/DQmYn862kAw1auSCDAJgBqcRo3ZRSzwuQJSikeGjY8rjQsP\/4c4c971c2d.png)\n**Pros**\n\n * Excellent security credentials\n * Fast transactions and withdrawals\n * Supports over 190 currencies\n\n**Cons**\n\n * No fiat deposits and withdrawals\n * No margin trading\n * Strict security measures has left a small minority of accounts suspended\n\n**Fees**\n\nBittrex charges a 0.25% commission fee on all trades. If a customer buys one bitcoin for USD 12,<br>122.94,<br> for example,<br> this means they\u2019ll pay around USD 30.31 in commission.\n![Screenshot-2018-5-8 Bittrex Review.png (https:\/\/steemitimages.com\/DQmb6iF3jLfsw6zBUk5zjSa33HWHgFr8CTYWZXfmV9jjupR\/Screenshot-2018-5-8%20Bittrex%20Review.png)\nAs for deposits,<br> Bittrex charges no fees whatsoever,<br> except in cases where it has to move certain kinds of cryptocurrency to another address before crediting them to a user\u2019s account. However,<br> it does charge for withdrawals,<br> with their prices varying according to the cryptocurrency being withdrawn.\n\nAs the little sample of costs higher than reveal,<br> Bittrex area unit usually quite competitive once it involves withdrawal fees. That said,<br> they\u2019re seldom the most affordable for any specific cryptocurrency,<br> although they generally match a number of the most affordable costs out there (e.g. for DASH within the example above).\n\n**Background**\n\nBittrex could be a US-based crypto-exchange that focuses on paired cryptocurrency trades. it had been supported by former staff of Microsoft,<br> Amazon,<br> and BlackBerry in Gregorian calendar month 2014,<br> and since then it's become one in all the most important exchanges within the world once measured by trade volume. Its set of genus Apis change fast and straightforward commerce,<br> whereas its automatic observation system provides quick deposits and withdrawals,<br> creating it a perfect exchange for those trying to trade with efficiency at scale. Its initiation by engineers with a background in cybersecurity makes it one in all the safer exchanges presently operational.\n\n**Security**\n\nBesides speed and potency,<br> security is Bittrex\u2019s most process feature. like most exchanges,<br> it permits two-factor authentication,<br> belongings users login firmly to their accounts via Google appraiser. It additionally permits the 2 following varieties of whitelisting:\n\n- IP whitelisting: by \u2018whitelisting\u2019 specific IP addresses,<br> users instruct Bittrex to authorize account activity that originates solely from these addresses\n- pocketbook whitelisting: this allows|this changes|this permits users to enable withdrawals solely to such crypto .\n\n**Wallets**\n\nAnother feature necessary for the protection of a user\u2019s funds is Bittrex\u2019s crosschain recovery service. For any cryptocurrency deposit value over USD five,<br>000 (at the time of being deposited),<br> the exchange can recover the funds if they were accidentally transferred to a pocketbook of the incorrect coin sort.\n\nFor example,<br> if somebody deposits one bitcoin to a bitcoin money pocketbook by mistake,<br> Bittrex can recover it for them ciao because the request is distributed in inside seven days of creating the deposit. The exchange can,<br> however,<br> charge 0.1 BTC for any recovery of any cryptocurrency it lists on its platform.\n\n**Usability**\n\nBittrex\u2019s interface is tidy and easy. On its main dashboard,<br> there\u2019s a graph charting the worth of a particular cryptocurrency against another currency,<br> a commerce box every for getting and mercantilism coins,<br> and also the order books for the chosen currency. finishing transactions is comparatively painless,<br> with deposits and withdrawals being quicker than usual due to Bittrex\u2019s automatic observation system. And whereas it presently doesn\u2019t allow margin commerce,<br> there also are the subsequent trade varieties to interact in:\n\n- Market orders\n- Limit orders\n- Stop orders\n- Good-Til-Cancelled orders\n- Immediate-Or-Cancel Order\n- Fill-Or-Kill Order\n\nDespite these and points,<br> increased account verification has been hard for a few users,<br> with atiny low minority grumbling in Dec 2017 of AN inability to withdraw their funds as a result. Similarly,<br> in Oct 2017,<br> it disabled around zero.1% of total user accounts as a part of a systemwide compliance review. In alternative words,<br> it should be one in all the safest giant exchanges on the online,<br> however this security will typically produce inconveniences surely users.\n\n\n**Deposit\/Withdrawal strategies**\n\nTo deposits funds in their Bittrex accounts,<br> users usually have to be compelled to transfer them from AN existing crypto pocketbook they need on AN external platform. they will get tether directly from the exchange,<br> nevertheless the minimum quantity they will purchase is presently a walloping a hundred,<br>000 USDT. additional to the current,<br> they have to possess AN \u201cenhanced verified\u201d account,<br> which needs scans of a sound ID (e.g. passport),<br> a replica of a recent bill or \n\n**Statement,<br> and a recent selfie.**\n\nTo withdraw coins,<br> users yet again would like a pocketbook with AN external exchange. There\u2019s no choice to withdraw funds during a order currency love America bucks,<br> therefore users can have to be compelled to confirm they need AN external pocketbook with AN exchange that enables withdrawals in order. Also,<br> users ought to note that larger withdrawals area unit potential if they need AN increased verified instead of basic verified account. If their account is increased verified,<br> they need a daily withdrawal limit of a hundred BTC every day,<br> as against four BTC.",<br>"json_metadata":" \"tags\":[\"bittrex\",<br>\"bitcoin\",<br>\"blockchain\",<br>\"cryotocurrency\",<br>\"market\" ,<br>\"image\":[\"https:\/\/steemitimages.com\/DQmdkk6cc2aqhUrYKca56kyMoqcx9N2FNXXVtVr3rdXdpro\/Screenshot-2018-5-8%20Bittrex%20Review(1).png\",<br>\"https:\/\/steemitimages.com\/DQmYn862kAw1auSCDAJgBqcRo3ZRSzwuQJSikeGjY8rjQsP\/4c4c971c2d.png\",<br>\"https:\/\/steemitimages.com\/DQmb6iF3jLfsw6zBUk5zjSa33HWHgFr8CTYWZXfmV9jjupR\/Screenshot-2018-5-8%20Bittrex%20Review.png\" ,<br>\"app\":\"steemit\/0.1\",<br>\"format\":\"markdown\" " |
|