The user’s USD-wallet in personal account is a simulation wallet. Buying and selling coins in indexes, gains or losses thereon is a virtual simulation. We are not able to conduct any transactions with the currency.
Bittrex exchange overview
American cryptocurrency exchange Bittrex was launched in February 2014. It was established by Bill Shihara and two partners: all of them used to be Security Engineers in large corporations (Amazon, BlackBerry, and Microsoft). Bittrex Inc. is officially registered in the USA and complies with SEC requirements. It is headquartered in Seattle, Washington. Within a short time, the company proved its worth through its stability and rapid development. The exchange pays special attention to user security: all data are stored on special servers without external access, minimising possibilities to steal funds and information. In addition, there is a limit on the withdrawal of funds: 1 BTC per day for those who have not set up two-factor account authentication. Such measures are considered mandatory on any high-profile exchange that cares about safe trading.
In September 2018, the platform entered the international market by creating a subsidiary Bittrex International Inc. in Malta for customers outside the US. In January 2019, over-the-counter (OTC) cryptocurrency trading starting at $250,000 became available. In October 2019, Bittrex International reorganised into Bittrex Global and moved to Liechtenstein, where an innovative regulatory framework for the crypto sector is currently developed. This will help improve service for customers from Europe and countries subject to US sanctions and bans.
Bittrex advantages
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Safe storage of funds and user data.
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Trading 237 cryptocurrencies paired with BTC, 51 cryptocurrencies paired with ETH; 24 pairs with USD, 38 pairs with USDT.
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Starting September 2019, the trading commission reduced and now amounts to 0.00–0.25% for makers, 0.08–0.25% — for takers (depending on the volume in USD for 30 days).
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Support for third-party trading terminals and algorithmic trading through API.
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No commission for deposit and withdrawal in USD.
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Compliance with the rules of the EU and Liechtenstein regulators, which help prevent, detect, and eliminate illegal manipulations.
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Automated transaction monitoring with the integrated IdentityMind anti-money laundering solution.
Bittrex highlights
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In May 2018, the exchange entered a partnership with Signature Bank from New York, so that their customers could buy cryptocurrency through their bank accounts and cards.
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In August 2018, on the basis of the Bittrex platform engine, the CatalX exchange was launched for traders in Canada.
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In August 2018, Bittrex and three other crypto exchanges (bitFlyer USA, Bitstamp, and Gemini) created the Virtual Commodity Association.
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In September 2018, based on the Bittrex platform engine, the Cryptofacil exchange was launched for traders of the Caribbean and Latin America.
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According to the 2018 annual report, the company considered 2500 cryptocurrency listing proposals. Of these, 50 coins and tokens were added to the American platform and only 8 — to the international version.
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In May 2019, Bittrex helped the iBitt exchange expand its range of fintech services in Chile and enter the Peruvian market.
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In August 2019, Bittrex shared its developments with Rain Management WLL and helped launch a licensed Rain exchange in Bahrain for traders from all over the Middle East.