Editorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors' opinions or evaluations.
Our Verdict
Our Verdict
Note: After closing U.S. operations on April 30, 2023, Seattle-based Bittrex filed for Chapter 11 bankruptcy on May 8, 2023. The company said it still has in its possession assets of customers who did not withdraw their funds by the April 30 deadline. The company hopes to have the ability to still return these assets to customers. Liechtenstein-based Bittrex Global is not affected by the bankruptcy.
Pros
- Offers more than 400 cryptocurrencies
- Multiple levels of security
Cons
- Not available in all 50 states
- Does not offer margin trading
- Lacks some advanced order types
Fees
0.35% Maker Fee / 0.35% Taker Fee
Cryptocurrencies
400+
Table of Contents
- Featured Partners
- Who Should Use Bittrex?
- Bittrex Fees
- Bittrex Features
- Cryptocurrencies on Bittrex
Show more
Why you can trust Forbes Advisor
Who Should Use Bittrex?
Bittrex no longer operates a crypto exchange in the U.S. Non-U.S. based investors can still use Bittrex overseas in certain countries.
Bittrex Fees
Like many cryptocurrency exchanges, Bittrex’s fee structure is based on the maker/taker model. Orders are categorized either as makers, which create liquidity on the exchange, or takers that reduce liquidity. Since maker orders increase liquidity, they often incur a lower fee than takers.
It’s impossible to know whether any particular order will create or reduce liquidity when you place it, so you will not know if you are paying a maker or a taker fee until the order goes through.
Bittrex offers volume discounts that reduce the fees you pay for trades based on your previous 30-day trading volume. In short, the more you trade, the less you pay, though you’ll have to trade tens of thousands of dollars worth of crypto per month to qualify.
Bittrex’s maker-and-taker fee structure is as follows:
| 30-Day Trading Volume (in USD) | Maker Fee | Taker Fee |
|---|---|---|
$0 to $24,999.99 | 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% |
You also incur fees if you withdraw coins from your Bittrex account, as you might if you wanted to put them in a separate crypto wallet.
Bittrex Features
Instant Buy and Sell
Newbies may appreciate just how easy it can be to buy crypto on Bittrex, thanks in large part to its Instant Buy and Sell feature. Through Instant Buy and Sell, investors can purchase many leading cryptos using a linked bank account, money already held in their account or a debit card.
While you won’t see fees at the beginning of this process, they appear before you place your order in the form of a spread. This will often be much more expensive than if you had simply used Bittrex’s trading platform yourself, in particular if you use a debit card to fund your purchase.
Debit transactions come with an additional 3% fee, plus any fees your bank charges, meaning most investors will be best served funding their accounts with free ACH transfers and by quickly learning how to navigate a trading platform. In January 2022, Bittrex took out an insurance policy of up to $300 million on its assets held in cold (offline) storage.
Security
To decrease the risk that major hacks result in the loss of customer assets, Bittrex stores the majority of its cryptocurrency assets offline in so-called cold storage.
Other Bittrex security features include two-factor authentication and wallet and IP address whitelisting. These all reduce the likelihood that someone can impersonate you on the platform or hack your account by increasing the steps you must go through to log in and perform certain transactions as well as reducing the wallets and locations that can access your coins.
Cryptocurrencies on Bittrex
Bittrex offers the following leading cryptocurrencies:
Featured Partners
1
Coinbase
Fees (Maker/Taker)
1.99%*/1.99%*
Cryptocurrencies Available for Trade
100+
2
Crypto.com
Fees (Maker/Taker)
0.40%/0.40%
Cryptocurrencies Available for Trade
170+
3
Uphold
Fees (Maker/Taker)
0.95%/1.25%
Cryptocurrencies Available for Trade
250+
3
Uphold
On Uphold's Website
Terms Apply. Cryptoassets are highly volatile. Your capital is at risk.
Helping You Make Smart Financial Decisions
Get the Forbes Advisor newsletter for helpful tips, news, product reviews and offers from a name you can trust.
Thanks & Welcome to the Forbes Advisor Community!
This form is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply.
I agree to receive the Forbes Advisor newsletter via e-mail. Please see our Privacy Policy for more information and details on how to opt out.
Information provided on Forbes Advisor is for educational purposes only. Your financial situation is unique and the products and services we review may not be right for your circ*mstances. We do not offer financial advice, advisory or brokerage services, nor do we recommend or advise individuals or to buy or sell particular stocks or securities. Performance information may have changed since the time of publication. Past performance is not indicative of future results.
Forbes Advisor adheres to strict editorial integrity standards. To the best of our knowledge, all content is accurate as of the date posted, though offers contained herein may no longer be available. The opinions expressed are the author’s alone and have not been provided, approved, or otherwise endorsed by our partners.
Was this article helpful?
Send feedback to the editorial team
Thank You for your feedback!
Something went wrong. Please try again later.
