Cryptocurrency Exchange Bittrex

Bittrex Bittrex website
Name Bittrex
Founded 2014
Brief Bittrex is one of the oldest crypto exchanges operating today, having been launched in 2014 and since then helping traders and investors satisfy their appetite for trading many types of pairs and different assets.
Last updated: Friday, March 5, 2021 3:00:03PM UTC
Volume 24 hours, USD: 276 899 902

Bittrex general information

General Bittrex facts, technical details and general information about Bittrex exchange

Bittrex is one of the oldest crypto exchanges operating today, having been launched in 2014 and since then helping traders and investors satisfy their appetite for trading many types of pairs and different assets. Bittrex's main product offering is its spot trading platform, which allows for trading in three different crypto-based markets and a USD market, in which users can trade if their request to enable USD withdrawal and deposit functionality has been accepted.

Trading on Bittrex is only allowed once a user has passed verification - which only has one tier and consists of uploading a photo of an identifying document, alongside providing basic personal information.

The platform's performance, specifically in the past year and a half has been improving: less orders who fail to execute and more systems uptime. Bittrex's worst performance metric is its trading fees: in crypto-crypto pairs it is as high as 0.25%, a very high number when compared to the industry and its competitors. Its Liquidity is fair in most pairs, and we are fairly convinced the reported volume is genuine and not manipulated by the exchange.

Your access to the top coin markets

For the features that it has, Bittrex manages to execute them solidly and in a good way. Unfortunately, there aren't that many features. The selection of assets is wide and pretty surprising, provided the exchange supposedly operates under US regulations, but we'll talk about that more when we get to the Trust score. There is a very wide variety of assets to trade, but a limited number of markets: only four, with one of them being USD if you've enabled this functionality by directly contacting the exchange.

Aside from that, there are virtually no other features: no margin trading or special promotions, no lending platform, and Bittrex has conducted IEOs in the past although no mention of it seems to currently be displayed on their website, with the former webpages being deleted. The exchange did confirm, however, they were working on a mobile app.

Bittrex Global mobile app available now

Get the security, trading, and capabilities of the best-in-class regulated cryptocurrency exchange Bittrex Global, directly on your smartphone.

Bitcoin is storming the Bastille, and we’re up front. Bittrex Global’s premier trading platform is designed for those who grasp the power of blockchain’s promise, and want to be a part of the movement. With lightning-fast trades, dependable digital wallets and industry-leading security, we’ve created an exchange to lead this revolutionary technology.

The Bittrex team is not a particularly public one, with most members preferring to not publicly interact with the community over social media (although the official Bittrex account does this job in a pretty good way), but their LinkedIn profiles are full of their prior experience and accomplishments. Bittrex has a very big team, and since its offices are in Seattle, many of its employees previously worked at Amazon and other local tech companies. Its founders are Security specialists and Bittrex does employ people who specifically manage risk and security of user funds.

Bittrex Features

  • Security First. When choosing an exchange, trust matters. That’s why security has been and will always be our top consideration. Our platform was built from the ground up with multiple layers of protection, deploying the most effective and reliable technologies to keep funds and transactions secure.
  • Transformation That Goes Way Beyond Simply Great Trading. We believe in the potential of blockchain to provide groundbreaking solutions across industries and beyond crypto. We are working with teams around the world to advance new, inventive tokens that can transform the way goods, services and operations are managed everywhere.
  • Fast, Robust Technology. Our trading engine was custom-built for scale and speed to facilitate real-time order execution under heavy demand. We support third-party trading platforms and algorithmic trading via our extensive APIs.

For our trust score, we came to the conclusion that Bittrex certainly empowers its users and gives them a wide variety of ways to protect their accounts: whitelisting IP addresses and withdrawal addresses, a waiting period before letting attackers withdraw funds and 2FA of course, but we have some concerns about their regulatory situation.

An Innovative Environment

Bittrex Global is based in Liechtenstein and Bermuda, placing us in world class financial systems governed by revolutionary legislation. We operate under the framework of the Digital Asset Busines Act (DABA) in Bermuda, and within the Transactions Systems Based on Trustworthy Technologies Act (the “Blockchain Act”) in Liechtenstein. Bittrex Global (Liechtenstein) is required to comply with the KYC/AML/CFT standards under the Due Diligence Act and is supervised by the Financial Market Authority (FMA). Bittrex Global (Bermuda) Limited is fully licensed to conduct Digital Asset Busines by the Bermuda Monetary Authority (BMA) and is registered in Bermuda under No. 55591.

Bittrex is headquartered in the US, and in April 2019 their Bitlicense application was declined by the NYDFS, following a cease-and-desist order that mandated Bittrex should immediately stop all operations in NY state. This is bad news for the exchange, and gives us as its customers uncertainty about its future as a legitimate, regulated company that operates under US law. We believe currently Bittrex attempts to maneuver around this situation using some regulatory arbitrage tricks, such as renaming some its services to "Bittrex International" and selectively allowing or disallowing IPs from certain jurisdictions to access their site, but we perceive this as a temporary situation which would eventually settle one way or the other: either Bittrex fully complies with US regulations, probably including the removal of some questionable assets as tradable on its platform, and if it comes to that and they refuse to do so - they might try to migrate to a more friendly jurisdiction, with Malta being one of the more attractive ones these days.

To conclude, as one of the biggest and oldest exchanges around, Bittrex is certainly facing a transitional period. It's a reputable place to trade on, sure, and provides many positives for traders who are willing to put up with the limited amount of features and rather high trading fee, but the near future will likely be followed with changes to the exchange, the platform or the legal structure, and so it's important to keep our eyes on this exchange.

Bittrex provides individuals and businesses a world class experience to buy and sell cutting-edge cryptocurrencies and digital tokens. Based and fully regulated in the USA, Bittrex is the go-to spot for traders who demand lightning fast trade execution, stable wallets, and industry-best security practices. Whether you are new to trading and cryptocurrencies, or a veteran to both, was created for you!

While the trading interface is designed to provide an intuitive and efficient trading experience, some of our traders enjoy trading through third-party platforms or designing their own algorithmic trading bots. With our dedication to providing the best trading experience possible, we designed our APIs to allow for high-frequency trading bots, and to allow mining pools to be build upon our platform.

The exchange does have a very high turnover crypto currencies - leading some to accuse it of allowing pump and dump schemes that erode confidence in the crypto currency ecosystem as a whole. Apart from that they do have very good security with two factor authentication and are United States based. 

The cryptocurrency landscape is in constant state of expansion as brand new cryptocurrencies innovate on blockchain technology and develop business opportunities with the power of the blockchain. At, we take pride in supporting both new and established cryptocurrencies, providing you with an ever-growing selection of trading and investing opportunities. We conduct compliance audits on all new coin launches, ensuring that our users have the information they need to make informed trades.

Bittrex volume change chart — 7 days

Bittrex volume change chart — 30 days


Bittrex (Bittrex) volume change (24h)

Bittrex volume change 24 hours 11.52%

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Exchanges rating