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Bittrex offers just about everything crypto investors need in an exchange. It has robust security, reasonable trading fees, and more cryptocurrencies available than most of its competitors. However, there have been some complaints about its customer service. Read this detailed Bittrex review to decide if it's the exchange for you.
Bottom Line
An exchange that checks all the boxes in terms of features, with lots of crypto trading options, advanced tools, and educational content. Beginners may find it has a bit of a learning curve, and the customer support could be better.
Fees:
0.00%-0.35%
Account Minimum:
Approximately $3 minimum trade amount
This cryptocurrency exchange is a good fit for: Active investors who want to carry a variety of cryptocurrencies in their portfolios.
Security is always an important consideration when choosing a crypto exchange. Fortunately, this is an area where Bittrex excels.
Three cybersecurity engineers founded Bittrex, and they prioritized building a safe platform for crypto trading. This exchange has several measures to protect its clients' funds, including:
SEE MORE SECURE CRYPTO PLATFORMS: Best Cryptocurrency Apps and Exchanges
There are over 140 cryptocurrencies available on Bittrex. With so many types of cryptocurrency to choose from, it's perfect if you'd like to invest in some smaller tokens outside of the big market leaders.
Trading fees on Bittrex start at 0.35%, and they can get lower depending on how much crypto you trade. It doesn't quite have the lowest fees we've seen, but it's definitely one of the more affordable crypto exchanges.
Bittrex has several order types, including limit orders and stop orders, advanced charting tools, and live order books. If you're looking for advanced options, this exchange should have the features you want as you invest in crypto.
Bittrex has a custom-built trading engine designed for executing trades quickly, even under heavy demand. This is a valuable benefit for active investors who want to capitalize on price movements.
If you hold Cardano (ADA), which is available for purchase on Bittrex, you can stake it through the exchange and earn up to 5.5% in rewards. Staking is a great way to grow your crypto holdings, and Bittrex makes it easy to do.
LEARN MORE: What Is Staking in Crypto?
Bittrex offers an impressive library of educational resources in its Discover section. You'll find articles on a wide variety of crypto topics, such as how crypto mining works and what you need to know about crypto taxes. The exchange also has detailed breakdowns on over 100 cryptocurrencies, which is extremely helpful if you're trying to learn more about whether a cryptocurrency is a good investment.
If someone you know signs up for Bittrex through your referral link, you'll earn 10% on all the trading commissions they pay (subject to certain limitations set forth in the program terms).
Unless your referrals are some serious crypto whales, this won't exactly be a lot on most trades, since Bittrex's highest trade fee is 0.35%. Still, it's nice that Bittrex has a referral program -- and that you'll get a cut every time your referrals make trades.
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Customer service on Bittrex is average at best. There's no phone number or email address to contact the exchange directly. If you have an issue and require assistance, you can either file a ticket with Bittrex on Zendesk or use its live chat. Note that live chat is only available to Bittrex clients who are logged in to their accounts.
There have been complaints about very long wait times to get an answer from customer support. To be fair, every crypto exchange has disgruntled customers. But based on the reports, Bittrex's customer service needs work.
The Bittrex trading platform has quite a bit of information and features. While that's generally a good thing, it can be a little overwhelming for newer investors looking for a simple way to buy and sell crypto. There are more beginner-friendly cryptocurrency exchanges out there.
The fact that Bittrex lets you stake Cardano and earn rewards is a plus. However, it's disappointing that this is only an option with one of the many cryptocurrencies Bittrex offers.
Several other exchanges have better rewards programs that let you stake or lend multiple cryptocurrencies. Bittrex falls a bit short in comparison.
RELATED: Check out The Ascent's guide to the Best Crypto Staking Platforms
Bittrex isn't available to residents of the following states:
If you want a beginner-friendly crypto exchange: Coinbase is a standout here, as it makes buying and selling crypto very easy and straightforward. This exchange also offers fantastic articles and videos and will even give you free crypto for completing its educational modules.
If you want to earn interest on your crypto: You'll be able to earn competitive interest rates on several cryptocurrencies with Gemini. Its Gemini Earn program allows you to lend out crypto. Plus, there are no hidden fees, it's available everywhere in the U.S., and you can withdraw your assets at any time.
Bittrex is an exchange that gives you access to a wide selection of crypto markets. After you sign up for an account, you can buy, sell, and trade cryptocurrency. You can deposit money to your account through an ACH transfer from your bank account or a money wire.
It's worth noting that not all of the cryptocurrencies on Bittrex can be purchased with U.S. dollars. Many of its cryptocurrencies are only available if you trade for them with another cryptocurrency, such as Bitcoin (BTC) or Tether (USDT).
Bittrex bases trading fees on your 30-day trading volume. Fees get lower as your trading volume increases.
The exchange also uses a maker/taker fee model. If your trade order is filled immediately by an existing order on the order book, you're charged the taker fee, as you're taking liquidity from the market. If it isn't filled immediately by an existing order, then you're charged the maker fee, as you're adding liquidity to the market.
Here is the Bittrex trading fee schedule:
30-day Volume (U.S. Dollars) | Maker Fee | Taker Fee |
---|---|---|
Under $25,000 | 0.35% | 0.35% |
$25,000 to $50,000 | 0.25% | 0.30% |
$50,000 to $100,000 | 0.15% | 0.25% |
$100,000 to $1,000,000 | 0.10% | 0.20% |
$1,000,000 to $5,000,000 | 0.06% | 0.16% |
$5,000,000 to $10,000,000 | 0.05% | 0.15% |
$10,000,000 to $60,000,000 | 0.02% | 0.10% |
$60,000,000 to $100,000,000 | 0.00% | 0.08% |
$100,000,000 or more | 0.00% | 0.05% |
There are no fees for deposits in U.S. dollars or for withdrawals made through an ACH transfer to a bank account. Bittrex charges a $25 fee for wire withdrawals.
Bittrex has over 140 cryptocurrencies available for trading. That's one of the largest selections we've found, and it includes both the largest digital currencies and plenty of smaller tokens.
The most notable gap in this exchange's lineup is Solana (SOL), one of the most popular altcoins. While many other crypto exchanges list Solana, you won't find it on Bittrex.
RELATED: Best Places to Buy Solana
Bittrex places a heavy emphasis on security, and it ranks among the top crypto exchanges in that regard. As mentioned above, it was founded by three cybersecurity engineers, and it has quite a few features aimed at keeping its clients' crypto funds safe.
Here are some of the most important:
We're firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers. The Ascent, a Motley Fool service, does not cover all offers on the market. The Ascent has a dedicated team of editors and analysts focused on personal finance, and they follow the same set of publishing standards and editorial integrity while maintaining professional separation from the analysts and editors on other Motley Fool brands.
Lyle Daly owns Bitcoin, Tether, Cardano, and Solana.