Bittrex is a United States based cryptocurrency exchange. It was founded in 2014 by Bill Shihara, Richie Lai, Rami Kawach, and Ryan Hentz. As of the time of writing, the platform has 271 trading pairs. And much like Poloniex, it does not support buying cryptocurrency directly with USD (aside from a wire transfer $10,000 or more).
Bittrex is currently ranked #2 on BlockExplorer’s top 25 exchange list
Total Trading Pairs: 271
Deposit fees: None
Withdrawal fees: Yes
Trading fees: Yes, 0.25% flat rate
Verification: Yes, two levels
|Verification Level||Maximum Withdrawal|
Bittrex has a large amount of liquidity in its markets and supports API based trading. These two factors make it recommended to mid to large tier traders. Specifically, those looking for arbitrage opportunities, or otherwise have a need to trade programmatically.
Verifying your Bittrex account
Bittrex has two levels of verification, the first, Basic Verification, allows for 0.4BTC or equivalent worth of withdrawals per day. And the second, Enhanced Verification, allows for up to 100BTC equivalent per day.
To acquire Basic Verification status, you will need to provide personal information such as full name, country of residence, birthdate, and address. Taking care to confirm that names match those on your government-issued identity documents.
Upgrading to Enhanced Verification
Bittrex uses an external service called Jumio for enhanced verification. It supports a large number of countries. Enhanced verification requires a picture of you holding your government ID (that the name on your account matches) in such a way that both the ID and your face are clearly visible. If verification fails, you will need to contact Bittrex support for a resolution.