Bittrex aims to promote the advantages of cryptocurrency trading and engaging with the blockchain industry. Its commitment is fostering ingenuity and technological changes to the world. It is, indeed, more than a mere virtual currency trading platform. If you want to make the switch and are searching for options right now, you should definitely try using Bittrex’s services. Find out more about them in this online discussion.
A) Background Information and Offerings of the Digital Currency Exchange
If it is your first time to learn about Bittrex, it pays for you to know that this cryptocurrency trading platform is one of the largest United States-based virtual currency exchanges. In 2014, three former Microsoft executives who served as cybersecurity engineers by profession opened Bittrex for business.
Bill Shihara, Rami Kawach, and Richie Lai are the pioneers of this leading digital currency exchange. As of 2020, Shihara is the current chief executive officer, while Kawach served as the chief technology officer. Meanwhile, Lai is the chief information officer of the company. Bittrex’s headquarters is in Seattle, Washington.
The three Bittrex founders laid out their mission, which is to help in the promotion of the blockchain industry. They aimed to accomplish their target by driving transformative technological changes, advancing innovation, and supporting new and emerging inventive developments.
B) 5 Advantages of Choosing Bittrex as Cryptocurrency Trading Platform
You will not regret it if you decide to avail of or sell cryptocurrencies at Bittrex. It is because you will undoubtedly enjoy the following benefits which you will most likely not get in other digital currency trading platforms.
You will benefit from Bittrex’s implementation of industry-leading security protocols.
The Seattle, Washington-based digital currency exchange is no doubt a secure trading site. Bittrex’s administrators utilise the most effective and dependable security technologies available today.
Furthermore, the cryptocurrency exchange makes sure that the majority of its customers’ funds are safe in cold storage using reliable, elastic, and multi-stage digital wallets. In this manner, you get added security. Bittrex enables the Two-Factor Authentication or 2FA process for all users as well.
As you can see, these hosts of safety measures highlight the virtual currency trading platform’s emphasis on trader security. Bittrex administrators have affirmed that such important factor is their primary consideration when making strategic decisions regarding their business.
You can choose from a vast selection of digital coins.
Bittrex supports roughly 278 digital coins. You can trade so many of them, which include popular ones such as:
- Bitcoin (BTC)
- Ethereum (ETH)
- Ripple (XRP)
- Bitcoin Cash (BCH)
- Eos (EOS)
- Verge (XVG)
- Litecoin (LTC)
- Cardano (ADA)
- Stellar (XLM)
- Tron (TRX)
Moreover, at Bittrex, it is mandatory for all new virtual tokens that get listed on it to pass a stringent review procedure. This process is a component of the cryptocurrency exchange’s commitment to supporting and driving quality innovation in the blockchain industry.
Aside from the ever-increasing choices of cryptocurrencies, Bittrex provides its users with a growing selection of blockchain technologies. Plus, it supports established and new blockchains.
You will enjoy effortless and speedy trading.
The digital currency platform facilitates fast trading execution. It is easy to use and lets you make swift withdrawals and deposits. Furthermore, Bittrex features seamless and automated monitoring features.
You get to relish the most speedy transactions, as well as updates on wallet details, trade, and balance. Bittrex also has a straightforward trading fee structure. With the US Dollar as its supported fiat currency, Bittrex accepts wire transfer and cryptocurrency as payment methods.
You can relish custom-built cryptocurrency trading engine.
You can expect orders to get executed in real-time, thanks to Bittrex’s scalable custom trading engine. Also, the virtual currency trading platform supports algorithmic trading and standalone trading sites via its extensive Bittrex Application Programming Interface or API. This kind of state-of-the-art trading permits you to trade with custom systems, including bots.
You can feel assured that you are trading in a legitimate platform.
It is a part of Bittrex’s commitment to abide by all the existing regulations of the US Government with regards to cryptocurrency trading and exchanges. These laws facilitate the prevention, detection, and correction of illegal practices by clients and digital asset developers when utilising Bittrex or any of its other services.
These five perks guarantee that you get nothing but the best trading encounters in Bittrex. As you can see, this virtual currency trading platform has been in service to fulfil your ultimate cryptocurrency trading dreams and make them a reality!
C) 4 Easy Steps to Follow to Get Started With Bittrex
If you want to try trading cryptocurrencies at Bittrex, you will not find it challenging to begin. The following four steps are easy to follow:
Step 1. Go to www.bittrex.com.
Then, click “Sign Up” at the upper right-hand corner of the trading portal. You will get notified to supply your chosen password and e-mail address.
Step 2. Endorse your e-mail address.
Check your e-mail inbox to receive the message from Bittrex. This electronic notice invites you to confirm your e-mail address.
Step 3. Authenticate your trader identity.
Supply your personal information to verify your identity. These details consist of your name and uploaded documents like your driver’s licence.
Step 4. Commence trading virtual currencies.
You should make a cryptocurrency or digital coin deposit as you start trading at the platform.
You will need to submit a request form and wait for it to get approved if you want to make a US Dollar withdrawal or deposit or access the US Dollar-denominated markets on the platform.
These four easy steps will not take you so much time at all, especially if you already have the required documents and details with you. Once you have registered, you surely would not want to look back because you can expect to get only the best trading experiences at Bittrex.