Bittrex Exchange Review – Back in the game again

Bittrex – That’s a sexy makeover

Bittrex was my Altcoin coming out exchange. Until then I was using Kraken exclusively (tell me about it) and had limited to no exposure to how large the altcoin market truly was. It was a confusing yet thrilling (#FOMO) time for me – a new exchange, hundreds of new altcoins to explore, and a compeltely new UI. Before the recent makeover Bittrex did not have the most user friendly interface, in fact on our Crypto Exchange page we label it’s ease of use as ‘advanced’. That hasn’t changed much but who cares, Bittrex finally got the makeover it deserved, and it looks damn good.

Bittrex Old UI

Bittrex is one of the stately gentlemen of the exchange bourgeois world. Old school enough to have OG cred, but lagging behind the up and coming exchanges (*cough Binance *cough) in terms of coins added and functionality. Founded in 2013 and launched in 2014, Bittrex is a US based exchange headquartered in Seattle, Washington. The exchange was founded by security experts who previously worked for Microsoft which explains why Bittrex is one of the more secure and safer exchanges.


Bittrex Cryptocurrency Exchange

Bittrex is one of the top 5 cryptocurrency exchanges by volume because they offer users over 150+ cryptocurrency trading pairs in Bitcoin, Ethereum and USDT. You will note no USD. Bittrex does not offer Fiat pairs so you will have to first purchase bitcoin at an exchange that does, then transfer it to Bittrex.

Why has Bittrex remained competative all these years? They provide users a secure platform and safe storage using multi-sig wallets, the Bittrex platform utilizes it’s own custom trading engine, provides fast withdrawals and deposits and most importantly give competent customer support. Bittrex offers two type of account for users: Basic and Enhanced. Simply put the differences between account types is the level Know Your Customer (KYC) requirements you must provide and the amount of BTC you can withdraw at any one time.

Registering for Bittrex, like most other popoular crypto exchanges, is simple and straighforward. Provide your email, create a new password (Please please use a unique password for each exchanges) and verify your email address by clicking the link in the email sent by Bittrex. Once you’ve done you are in! You will note immidiately the new Bittrex UI (refer to my first image for the original ugliness).

Once you have logged in your first step should be to deposit cryptocurrency. At the top of the page you will note a few options – first click on “Wallets”. This will show all the available cryptocurrencies that Bittrex offers. Use the search bar to find the cryptocurrency you want to deposit. Next to the coin you will notice a small green and red circle with a down and up arrow, click the green one.

A deposit box will pop up which allows you to generate a public deposit address. When the address appears you are ready to deposit. We recommend starting with a small amount to be sure things are on the up and up (Best practices, people) before moving that phat crypto loot.

Market and Trading View – Let the trading begin

You’ve registered, confirmed your address and deposited cryptocurrency. Let’s get to trading! Here is where things have changed drastically from the old and dated UI to the new and fancy (read: playing catchup to Binance) facelift Bittrex recently underwent. At the top click on ‘Markets’ and search for the coin you wish to purchase, and click the link.

The most prominent feature of the trading view is the front & center candle graph. If you are new to trading cryptocurrency then this will seem alien to you (you are not alone). If you are a “veteran” then this will, finally, look and feel like a traditional asset graph. But how do you buy crypto???

Scroll below the graph to the order book where you can see all buy and sell orders that have been placed. On the left hand side are the buy orders (people who want to buy other peoples coin), opposite are the sell orders (vice versa). You can view all buy/bid and sell/ask orders that have already been placed by other users.

Here is where things get somewhat difficult. This UI is not designed for new or basic users. In fact there is no basic trading view on the Bittrex re-design, which is dissapointing. With so many new users joining crypto we expected there to be a simpler visual interface aimed at casual traders or investors.

Between the Buy and Sell order tables, and below the menu to ‘Display Rows’, you will find the area to place orders. The ‘Buy’ button is clicked by default. Enter the bid price and quantity of units you wish to purchase and click the Buy bottom at the bottom and click confirm. The bid price is the price at which you wish to buy. If the coin is worth 0.1BTC and you want to buy it for 0.09BTC, be sure to place 0.09 into the Bid Price row. By default the order type is ‘Limit’ which commits you to purchasing the cryptocurrency you want at exactly the price you entered.

‘Time in Force’ is important to understand so listen up. The default setting is ‘ Good ‘Till Cancelled’ which means when you place an order, it will stay active until you physically click cancel. In most cases this is good enough but all traders want options. The other options are ‘Immediate-Or-Cancel (IOC)’ which is an order to buy or sell a coin that must be executed immediately. Any portion of an IOC order that cannot be filled immediately will be cancelled.

And last, but certainly not least, is the ‘Fill-or-Kill’ order (such violencia). This is an order to buy or sell a coin that must be executed immediately in its entirety. If not the entire order will be cancelled. or KILLED. Such violence.

Once the order is fulfilled your cryptocurrency will appar in your Bittrex Wallet. At this point you have two reasonable options: Leave your coins on the Bittrex exchange, or withdraw your cryptocurrency to another wallet off the exchange. We recommend you consider alternative storage for your crypto away from exchanges.

Bittrex Fees

It’s rather simple: All trades have a 0.25% commision (amount * purchase price * .0025). Period. It’s higher than other exchanges, but that’s the cost of having a secure and stable platform. There are no fees for deposits which follows the norm for all exchanges. Regarding withdrawals Bittrex states that they only charge a fee to cover the network transfer fee that is built into the coin. You can spot check each individual coins fee by clicking the withdraw icon (red circle with a down arrow).

Trading Fees0.1% (of asset bought)0.1% (of asset bought)0.25% on all tradesIf you have BNB, you can choose BNB to deduct 50% trading fee?temporary?
BTC withdrawals0.001 BTC0.001 BTC0.0005 BTC
ETH withdrawals0.010 ETH0.010 ETH0.0060 ETH
LTC withdrawals0.001 LTC0.010 LTC0.0100 LTC

Quick everyone go to Bittrex, registration is open!

Oh wait…Wait what’s wrong? You can’t register? It took a whole 20 minutes after the Bittrex relaunch before registration was “temporarily” paused to tweak the system. This was your moment Bittrex. Your time to shine with a new UI/X, snazzy new logo, marketing campaign and server capacity to handle the horde. But you fumbled it.


Overall I am very pleased with the new Bittrex user interface, look and feel. We’re also glad they finally put in a night mode. Bittrex is one of the largest and safest cryptocurrency exchanges out there so it’s great to see them re-investing their spoils into improving the user experience. It’s also telling that they finally re-opened registration and promptly had to shut it down. People want to be on Bittrex, more than many anticipated.

We are dissapointed Bittrex did not include a basic interface for new users. The Cryptocurrency space is going to grow by leaps and bounds in the coming years and those new users will be looking for ease of use and low barriers to entry exchanges to dip their toes into the market. Bittrex remains an exchange for skilled users .

We recommend using Bittrex for users who have experience using other exchanges and graphic tools. The exchanges transparent fees, oodles of cryptocurrency, good support and security make Bittrex a fine place to do your crypto trading. Don’t be afraid to dip your toes! That’s how I started my journey to Bittrex and I haven’t looked back yet.

Don’t forget to check out our reviews of Binance and Kucoin exchanges.

Binance Exchange Review – From Rags to Riches

Binance – Exchange The World

Well not literally rags, but you get the idea: They started small and became a behemoth. Binance WAS an up and coming cryptocurrency exchange eight months ago, until it stunned the crypto world by becoming the number one exchange in December 2017 with $2.8bln (BILLION) in trading volume. How did this exchange, which held an ICO in July 2017, become the hottest and most popular crypto exchange in less than nine months?

Through a mix of savvy marketing, useful interface, native coin (Binance Coin BNB, more on that later) and an abundance of listings Binance rose quickly and continues to innovate to this day (Binance chain anyone?). Binance was oringally based in China but since the #cryptocrackdown in September 2017 they settled temporarily in Japan and now find themselves based in Taiwan as of March 2018.

Technically Binance is a Chinese digital cryptocurrency exchange, but it offers a multitude of languages from Japanese, English, Russian, Spanish and a host more. More language support = more users, it’s simple but many exchanges do not bother to invest in this concept. That being said the bulk of Binance users are overseas so this is very much an international crypto exchange.

Would you believe me if I told you Binance had a great team? It’s such a common refrain in the developer and crypto space it’s become a wonderful meme. It’s worth mentioning the core team that brought us Binance has serious creds coming into the venture. CEO Chanpeng Zhao previously founded a high frequency trading system called Fusion Systems and was one of the original musketeers in, the massive online bitcoin wallet. Not to be outdone Yi He, a co-founder, worked at OKCoin the head of branding and marketing for the virtual currency exchange. What am I getting at? The Binance team has a stong core, early adopters and believers of Blockchain and cryptocurrency. That says a lot about the exchange itself.

Binance Exchange Overview

Binance Exchange Frontpage

Binance has made their name and grown their volume through a friendly user interface for beginners, various language support, a complete trading platform for advanced users and a copius amount of coins to buy and sell. So we have a lot to cover. If you use other exchanges you may find the above image oddly familiar. Yes Kucoin kinda sort of borrowed the basic Binance template. When you arrive to the Binance home page you are welcomed to the exchange with the active contests that are being held to spur more trading and new users.

I am not a huge fan of the dark colour scheme the site uses. I prefer a softer and lighter tone, but aside from that we begin with the registration process. If it ain’t eay users will be turned off easily. Start off with the basic email and password request. Binance has had incredible success bringing in news users and the referral ID you see during registration lets you reward someone who told you about the exchange. If you use twitter it’s almost impossible to miss these referral links.

Binance Registration

Once you’ve completed this form and proven you are not a robot you simply have to verify your email address and you are in business. It takes less than five minutes, it’s easy. Let’s start splashing cash on digital money! Once you have successfully logged into your Binance account you will be able to adjust settings, track your assets, set up your 2FA (JUST DO IT!!), etc.

Markets and Trading view

Binance Basic market

Binance offers two options for cryptocurrency trading – basic and advanced. We will primarily focus on the basic UI. Unfortunately the “basic” feature is not all that basic, or user friendly. For any new user to trading the image avove (Basic) can be off-putting. A basic interface should have less moving parts and be more direct, making it quick and easy to buy.

From the basic view a user can view the order book on the left showing open sell (red)/buy (green) orders and the number in the  middle showing the last price. In the upper right hand corner you will notice the trading pairs you can select from (BTC, ETH, BNB, USDT) and all the cryptocurrencies that can be traded listed below. You can create a favourite list clicking the star and search here.

To place an order use the central box beneath the graphs and you will note a Buy and sell box. You have the option of manually entering a price that you want to buy at or clicking a price on the Order book that will auro populate the price. You can then enter an amount you wish to purchase or use the 25%, 50%, 75%, or 100% buttons to fill in the amount based on how much currency you have (In our image it’s BTC).

The main difference with the Advanced view are the colour scheme and the ability to do advanced Technical analysis like adding indicators (RSI, Bollinger Bands, etc) and trend lines.

Binance Coin – BNB

The Binance coin was issued during their Initial Coin Offering (ICO) in July 2017 and is based on the Ethereum standard ERC20. BNB can be used as a trading pair and also as a means of lowering fees paid. Even as an investment BNB has shown spectagular growth reaching an all time high of $24. As the years progress, however, the savings are drawn down leading to an eventual savings of 6.75% in 2021.

Binance also plans to use their profits to buy back BNB coins every quarter and destroying them thus reducing the supply and making them more valuable for holders (#HODL). Another reason traders and investors have flocked to Binance.

Binane Fees

The fee for each trade is 0.1% which can be reduced another 50% to 0.05% if you have BNB coins in your balance. That’s an incredible offer for traders, active and unactive alike. This is one of the many reason Binance has been able to draw in so many new users to quickly. There are no deposit fees, which is a norm for most exchanges. Below is a quick comparison with Kucoin, for which you can read our review here.

Trading Fees0.1% (of asset bought)0.1% (of asset bought)0.25% on all tradesIf you have BNB, you can choose BNB to deduct 50% trading fee?temporary?
BTC withdrawals0.001 BTC0.001 BTC0.0005 BTC
ETH withdrawals0.010 ETH0.010 ETH0.0060 ETH
LTC withdrawals0.001 LTC0.010 LTC0.0100 LTC


The rate at which Binance has grown in the past year is astounding. With it’s recent move to Malta and the possibility of FIAT pairs in the near future, the sky is the limit for this young cryptocurrency exchange. Binance also has good ties and communication with the crypto ocmmunity in the forms of regular updates and announcements.

Regarding security Binance in general has been a model exchange with it’s use of 2FA, security notices and active communications. Recently Binance suffered a hacking attempt which saw hackers gather logins using phishing websites and then installing API access to the account. Amazingly the automated systems detected the behavior and did not allow the withdrawal of BTC. This was made possible by people giving the account and 2FA details to a fake website. Never do that. Ever.

The whole situation was caught, communicated and peoples affected were reimburesed. Over all it improved Binance standing, but also gives the investor a wakeup call on storing your coins on an exchange.

While not having the most user friendly interface, Binance has still managed to grow beyond anybody’s expectations through savvy marketing, a large offering of tradeable assets, good customer support, a clever Binance Coin that reduces trading fees and great security.

We recommend using Binance even if the basic trading interface is not so basic. Check out our other review of Kucoin exchange, another new kid on the block.

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Crypto Exchanges – Where to buy bitcoin

Where can I buy and trade bitcoin?

With so much news about bitcoin and cryptocurrencies lately, a lot of you may be asking yourselves “where can I buy bitcoin?” and trade this new digital asset class. This may vary depending on where you are located and what coins you want to buy. In this post I’m going to provide an overview on the largest crypto exchanges and compare and contrast them so you can decide which is the best fit for you.

One final piece of advice from us here at Crypto is Coming: Be sure to use google authenticator for 2 factor authentication as an added layer of security when using ANY of these platform. If you buy bitcoin through one of these companies, make sure to go to our wallets guide to find out the best  way to store your bitcoin safely.

of Use
Visit Site
Kriptomat IOStill New/Good so farEuropeVery EasyBTc, ETH, LTC, DASH, REP, +12 moreBank Transfer, Credit Card, Visit Kriptomat
Coinbase exchangeVery GoodUS +32
Very EasyBTC, ETH, LTC
(More coins
coming 2018)
Bank transfer, credit card, Visit Coinbase
Bitfinex exchangeAverageNon US OnlyAdvancedBTC, XRP, ETH,
LTC,+60 more
CryptocurrencyVisit Bitfinex
Kraken ExchangeVery GoodWorldwideEasyBTC, XRP, ETH,
XLM,+40 more
Bank transfer, CryptocurrencyVisit Kraken
Bittrex exchange Very GoodWorldwideAdvancedNEO, ETH, LTC,
XRP,+100s more
CryptocurrencyVisit Bittrex
Binance exchangeVery GoodWorldwideAdvancedZEC, ETH, LINK,
XLM,+100s more
CryptocurrencyVisit Binance
Ploniex exchangeAverageWorldwideAdvancedXRP, LTC, XMR,
OMG,+100s more
CryptocurrencyVisit Ploniex
CEX.IO Very GoodWorldwideVery EasyBTC, ETH, BCH
+15 more
Credit card and bank transfersVisit
GoodWorldwideVery EasyBTCBank transfer, credit card or bitcoinVisit Xapo
Bitmex GoodWorldwideExpertBTCCryptocurrencyVisit Bitmex
GoodWorldwideEasyBTC, ETH, NEO, LTC, BCH, +100s moreCryptocurrencyVisit Bitmex


Kriptomat is a crypto-trading and e-wallet service officially licensed to operate within the EU. The exchange now offers 17 crypto-to-fiat pairs, a welcome feature for those who don’t wish to go through Bitcoin as a “middleman” currency in order to trade cryptocurrencies. With service and support in over 20 languages, the exchange is suitable for users from all over Europe. The cryptocurrencies currently on offer are Bitcoin, Ethereum, Litecoin, Augur, Gnosis, 0x, OmiseGO, Enjin, Status, SunContract, Metal, Civic, Request Network, FunFair, PropyDash, Litecoin and Loopring. For more details check out Kriptomat review here.

Coinbase (Gdax)

Based in San Francisco, California, Coinbase is the largest cryptocurrency exchange in the United States in terms of users. Backed by silicon valley VC, and with a valuation of $1.6 billion, Coinbase has become the go-to platform for new customers looking to buy Bitcoin for the very first time. Recently they’ve added as many as 100k users per day. Coinbase offers a easy use platform for buying and selling Bitcoin, Ethereum or Litecoin via bank deposit or credit/debit card (with associated fees). Among exchanges Gdax offers real time trading (and lower fees). Interface is one of the best, but it has been known to go offline in times of extremely high volume, so take that into consideration when using the platform.

While Coinbase is currently limited in terms of the currencies that it has listed, the company has vowed to add more coins in the coming year. Support tickets may take a while to receive a response depending on the urgency as they are growing faster than they anticipated. Visit Coinbase


Based in the United States, Bitfinex is the largest crypto currency exchange in the world in terms of volume. Bitfnex offers trading for Bitcoin, as well as many of the largest and most well know alt-coins. Along with traditional spot trading, they also have margin trading, allowing users to trade with more capital than what they have in their account. The interface is one of the best in the industry although not exactly beginner friendly. Bitfnex allows crypto deposits for coins they support as well as wire transfers over a certain amount. They’ve recently come into question regarding their use of Tethers (USDT), a token backed by USD which facilitates that deposits on the platform, and have mentioned that a formal audit is on the way. Make sure to monitor this story in the coming weeks and months as it should shed light on the internal processes of the company. Visit Bitfinex


Based in San Francisco, California, Kraken is the largest Bitcoin exchange in terms of euro volume and liquidity. The exchange also has trading for Bitcoin in Canadian dollars, US dollars, British pounds and Japanese yen making it a great option for users wanting to buy bitcoin internationally. Kraken was the first Bitcoin exchange to have trading price and volume displayed on the Bloomberg Terminal. It was also first to pass a cryptographically verifiable proof-of-reserves audit. The platforms supports BTC as well as many large and mid market cap alt-coins. Kraken also allows margin trading and deposits via bank wire or BTC and other cryptos. The interface is possibly the worst among the large exchanges with a trading engine that constantly freezes and requires users to refresh the page. Take this into consideration when trading on this platform. Visit Kraken


Based in the United States, Bittrex is the 2nd largest alt-coin exchange in the world in terms of volume (just recently surpassed by Binance). It has hundreds of currencies and tokens available for trading and has become the most trusted alt-coin exchange by crypto traders in 2017. Bittrex supports crypto deposits for any currency they have listed and have said they will integrate margin trading soon. Bittrex support is generally more responsive than other sites, but still not up to most users’s expectations. The interface is very good, minimalistic, easy to use and has a pretty good trading engine. Although the site has recently experienced some loading issues with the extreme growth the crypto space is experiencing, this has not affected them too much. Visit Bittrex


Based in China, Binance is a new and up and coming crypto exchange that has recently gained popularity and acceptance among the crypto trading community and actually surpassed Bittrex as the #1 alt-coin exchange in terms of volume. They allow cryptocurrency deposits for any coin or token they have listed and have one of the fastest and most reliable trading engines on the market along with lower fees than their competition. The interface is very good, easy to use and rarely has any lag when loading pages. The support is somewhat lacking compared to other exchanges so it might take a while longer for users to enhance their verifcation on the site for increased withdrawal limits. Binance is currently the number 2 alt coin exchange in terms of volume behind only Bittrex. Visit Binance


A US exchanged based out Delaware, Poloniex was the top alt-coin exchange in the world as recently as March, 2017. They offer alt-coin trading, crypto deposits and have a large variety of currencies and tokens listed on their platform. You cannot buy bitcoin with USD on Poloniex. The interface is pretty good, on par with some of the other sites, but they started having customer support and site connectivity issues earlier this year, prompting the two companies listed above to surpass them in terms of volume and community acceptance. Some of the concerns with Poloniex include withdrawal issues and the trading engine freezing in key moments causing users to lose some trust in the company.Visit Poloniex


Xapo is incorporated in Hong Kong , has an office in Palo Alto, California and operates Worldwide. They provide both wallet and exchange services for Bitcoin with USD deposits through bank wire, credit/debit cards, some payment processors as well as BTC deposits.  They have a BTC debit card service and a great mobile app for android and iOS. Xapo places emphasis on security and  actually use a bunker in the swiss alps for storing private keys. Their online interface is simple and easy to use. A great place for new users to buy Bitcoin as well as one of the better online wallets to store Bitcoin. Visit Xapo


Kriptomat is a crypto-trading and e-wallet service officially licensed to operate within the EU. The exchange now offers 17 crypto-to-fiat pairs, a welcome feature for those who don’t wish to go through Bitcoin as a “middleman” currency in order to trade cryptocurrencies. With service and support in over 20 languages, the exchange is suitable for users from all over Europe.

The cryptocurrencies currently on offer are Bitcoin, Ethereum, Litecoin, Augur, Gnosis, 0x, OmiseGO, Enjin, Status, SunContract, Metal, Civic, Request Network, FunFair, PropyDash, Litecoin and Loopring. These currencies can all be traded against the Euro and the exchange is open to all 508 million inhabitants of the EU.


Based out of London, CEX.IO offer exchange services for Bitcoin and Ethereum for users from most countries around the world. Currently they allow deposits via bank transfer and credit/debit cards and are registered with FinCEN which may give users an added sense of security. Their interface is beginner friendly but they do not have many different cryptocurrencies to choose from. CEX.IO may serve as an on-boarding platform from fiat currencies to BTC or ETH where users can initially enter crypto and then transfer over to other exchanges for a wider variety of alt-coins. Customer support is usually fast and done via email as well as extensive FAQ. Fees for the exchange are about industry average. Recommended for new users wanting to buy bitcoin internationally. Visit CEX.IO


Based in Hong-Kong, Bitmex is a real-time, cryptocurrency derivatives trading platform for professional investors. It provides currency futures trading, stock derivatives, and other financial products. Bitmex allows users to deposit in Bitcoin and trade Bitcoin and other large market cap alt-coins with the additional feature of futures trading (speculating on the future value of these assets). It operates in China, Europe, South Korea, and Japan as well as other selected non US countries. The site has a really good but not beginner friendly interface and a great trading engine, but lacks the liquidity when it comes to alt-coins. The advanced functionality of the platform, including futures trading, might scare off some users not accustomed to these types of markets.  Visit Bitmex


Based out of Hong Kong and trying to be the hottest cryptocurrency exchange by 2019 Kucoin is the latest hot exchange. Kucoin offers a great user interface and experience, good security through 2FA integration to trading, low trading fees and incentives for trading and holding the native coin Kucoin Share (KCS). You cannot send fiat to Kucoin so to start trading you must deposit one of the following: BTC, ETH, NEO, USDT, or BCH.

Kucoin is available to users worldwide and offers a load of trading pairs such as LTC/BTC, BTC/DASH, BTC/NEO, BTC/ETH, BTC/KCS, BTC/RPX, etc. As of this article Kucoin has a 24 hour volume of 75 million USD and is ranked 25th amongst other exchanges. Visit KUCOIN

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