Bittrex is one of the safest, as well as one of the largest crypto exchanges in the world. Founded in 2014 by Bill Shihara, Richie Lai, Rami Kawach and Ryan Hentz, and based in Seattle, Washington. Today it trades in over 200 different cryptocurrencies with a 24-hour trading volume just under 300 million US dollars.
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Moreover, Bittrex runs out of the US, the reason why it has delisted many speculative security coins in the last few months. As a user, it also gives us peace of mind, since the exchange is regulated, and our funds are safer here in the comparison with other unregulated exchanges.
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Is Bittrex Safe? One of the most important questions that any cryptocurrency trader can ask is whether an exchange is safe and secure. Indeed, recent history is littered with a number of high-profile exchange hacks. Unlike some of the other older exchanges in the space, Bittrex has not suffered any breaches.
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4 Answers. Lucas Zutew. Answered 2 years ago. You should know that Bittrex can block your account without any reason. It happened to me, I sent them a ticket 1532649 but they have been ignoring my letters for two weeks already. I lost a few thousand dollars and do not know what to do.
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The fact that the only security breach on Bittrex happened in 2016 when users without 2FA protection were hacked and lost a lot of coins should be enough to illustrate to you the importance of using this method. IP And Crypto Address Whitelisting. Bittrex supports whitelisting of both IP and crypto addresses to increase your account safety.
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According to our research, TradingView is the best free stock charting software. TradingView has the largest selection of exchanges globally, making it ideal for international investors. TradingView is not just for free stock charts; it also includes charts for ETFs, Futures, Forex, Bonds, and Cryptocurrency, all at no extra price.
Bittrex is one of the world’s fastest growing cryptocurrency exchanges based out of Seattle, Washington. Is bittrex safe? Yes, Bittrex follows all laws and regulations required by U.S. governmental bodies. Their team also has over 50 years of security experience.
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No. Bittrex is not FDIC insured. 9. Conclusion Although Bittrex can be considered an excellent exchange for beginners and traders looking for a robust, secure platform on which to trade multiple cryptocurrencies, its lack of customer support and freezing of accounts make it a questionable choice.
Bittrex is known for providing an extremely secure platform for its users. Such security is ensured through two-factor authentication as well as added verification requirements for users’ accounts. Almost 90% of users’ wallets are kept online and multisig wallets are used in order to prevent possible hacking.
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