For the crypto trading community, the name Bittrex is no longer unfamiliar. However, for newcomers entering the Cryptocurrency field, Bittrex might still seem quite foreign. So, let’s review some information about the Bittrex exchange platform with vietnam – ustrade.org!
What is Bittrex Exchange?
Like other cryptocurrency exchanges, Bittrex provides all functions to support users in executing buy, sell, and exchange orders for digital currencies. But what sets Bittrex apart is its outstanding security and information management abilities. Therefore, if you are a cautious person looking for a reputable and safe trading platform, Bittrex is a tough choice to ignore.
Bittrex was founded in 2013 and is one of the few exchanges that passed regulatory scrutiny in the US. Up to now, Bittrex has never been hacked nor had any issues related to information theft. Therefore, users can feel secure when using this trading platform.
Advantages and Disadvantages of Bittrex
Any exchange will have its pros and cons. The same applies to Bittrex. Here are some reviews of the Bittrex platform:
Pros
- According to Bitwise, the volume data on Bittrex are authentic. Therefore, users can confidently make decisions related to buying, selling, and coin exchange.
- Currently, Bittrex supports trading on over 250 real trading pairs. So, you don’t need to worry about which coin to trade on Bittrex.
- Trading fees are very low, such as free deposit into the platform or only about 0.1% for withdrawal orders.
- With integrated local identity verification service called Jumio, Bittrex has successfully enabled users to provide a few pieces of information for automatic personal account verification in over 200 countries worldwide.
- Finally, a Bittrex advantage that users shouldn’t overlook is its strong security and customer information management.
Cons
- Some essential features are not supported on the platform, such as multi-language support, Margin Trading, and Telegram, unlike some other exchanges.
- Another drawback is that the platform’s mobile apps have not yet been released. Therefore, users are limited in how they can perform transactions.
How to Download and Register for an Account on Bittrex
To use trading features on the platform, users need to create a Bittrex account. Here are some simple steps provided by vietnam – ustrade.org to help you create an account:
Registering for a Bittrex Account
Step 1: Like other exchanges, you should visit the Bittrex homepage to register an account.
Step 2: On the homepage, select Sign up and fill in the required information such as email address, password, etc.
Step 3: A verification email will be sent to your email. Simply click Verify Email, then proceed to Terms of Services to read the platform’s policies and regulations.
Step 4: Click Accept Terms to agree to the terms and complete the registration process.
With these simple steps, you will have a Bittrex account for trading on the platform. However, to ensure the security of your personal information, it is recommended to verify your identity and enable 2-factor authentication following these steps:
KYC Verification on Bittrex
Step 1: After being redirected from Terms of Services to the Start Verification page, fill out all required information such as residence details including house number, street name, city, etc.
Step 2: Click Start Verification and choose Passport or ID card.
Step 3: Upload your ID card or Passport and press Submit to complete the process.
The system will verify your account within 10-15 minutes. After verification, continue to activate 2-factor security for your account.
Activate 2FA Security
Registering 2-factor security on Bittrex is similar to other exchanges. You need to download the Google Authentication app first.
Step 1: On the main interface, select Settings menu then Two-Factor Authentication.
Step 2: The system will show a QR code to scan with the Google Auth app you installed.
Step 3: Enter the 6-digit code you receive after scanning.
Step 4: Check and confirm via the email sent to your email address.
Step 5: Enter the 6-digit code from Google on your phone and click Enable Two-Factor Authentication to finish the activation.
How to deposit/withdraw money on Bittrex
Step 1: On the main interface, go to Wallets and select the coin you wish to deposit or withdraw.
Step 2: Enter the required system information to deposit or withdraw.
Step 3: Finally, click Withdraw BTC to complete the deposit or withdrawal process on Bittrex.
How to buy/sell BTC (Bitcoin) and Alt (AltCoin) on Bittrex
Step 1: On the main interface, select Markets and fill in details such as amount to buy, price, etc.
Step 2: Click submit to finalize your buy or sell order on the platform.
Conclusion
So, vietnam – ustrade.org has covered all the related information about Bittrex and how to place orders on the platform. We hope this information will be useful and assist users in making informed decisions regarding this exchange!
