Bitcoin Forum

I wonder that why Bittrex so popular as their commission charge so high compare to Binance, Kucoin & others? Is it because Bittrex has a lot of pair to trade? Confuse... ??? ??? ???

I no longer use them because of forcing their users to do KYC without prior notice but other than that, It's simply because it's reputable and reliable service. It's being 4 years since they're operating and they are handling things very professionally and yes, multiple trading pairs play a role as well because If people can't find their coin tradable in other exchange, they'll have to sign up in bittrex.

Bittrex is very good and fast .there is no issue with Bittrex like maintenance etc
I am using Bittrex from years i remember Bittrex from Mintpal time .That time bittrex was poor exchange full of bugs.We need to verify accounts because Bittrex is regulated

Bittrex is still popular nowadays but a little outdated when it comes to rankings due to that strict KYC procedures like whats being mentioned above.I have remembered the days when bittrex is on the top together with poloniex but suddenly they do rank down because of such changes and also they do already have rampant issues when it comes to users accounts.Dont have much idea on how severe it is but basing on rankings we can able to tell the difference but still they are trustable.

Poloniex always had some problems, Bittrex wasn't so problematic. Now they added fiat trading too. Binance is also popular along some other exchangers. The reason is they offer high security and are better than others, compare yobit them and you'll understand everything. Also KYC isn't problem for most users, if you don't do anything bad, then hang on this step.

reputable team and been around for a while.  also good selection of coins.  I think worries of an exit scam are very low with bittrex.

It's not about you as user doing anything bad, but the exchange itself, or the party they outsourced their verification tasks to. You can only hope that nothing happens with your private information, but since there is no way for you to know, you'll always have to worry about it.

In most well developed countries there are local services allowing you to buy and sell Bitcoin without going all naked, and if you buy your coins there, send them over to an exchange as Binance to trade. As long as you aren't touching fiat, in most cases an exchange as Binance won't annoy you with verification requests. Bittrex is too trigger happy when it comes to freezing accounts. They ruined my legacy account. Not my cup of tea.

I tried to have an account in Bittrex before but I saw that they are very strict on their KYC implementation so I decided my self not continue to fill up their form of KYC. We all know that most exchanges now are having KYC but Bittrex exchange I think too much asking on your personal data which is a very high risk on us as a member. Before Binance exchange did not have a KYC implementation but now it's just like Bittrex too. Both these exchange now was most popular not only Bittrex.

...Bittrex is a reliable exchange... Guys, did you forget the time when they suddenly changed their rules, and their horrible support that was only capable to send you canned answers, or their slack channel to get a support that was accessible only by invitation to get help (I did not invite you, no help...)

Bittrex was too popular before the exchange as binance, kucoin, etc ... appeared. Now I usually use binance and very little use bittrex but it is still exchange that I feel very safe and professional.

I have been using bittrex for a long time, in the past I used a lot of exchanges because I was the holder of altc at that time which required me to use lots of exchanges to be able to sell altc registered on their exchanges. But until now Bittrex I still use and has left many other exchanges. For KYC, I don't mind being applied to Bittrex, as long as they can work well and continue to provide good service. So I don't think it's surprising that Bittrex is one of the most popular exchanges of the many exchanges available, because besides that Bittrex exchange has long been operating as mentioned above.

They're no longer that popular anymore. They are only ranked 24th in terms of trading volume per 24h now, compared to Binance which is currently number one. This is far from their peak where they were consistently getting the #1 spot.

Their reputation has sort of been ruined by their terrible support and just generally pretty bad experiences that customers had had in the past. Especially as they forced verification onto every single user, that was the start of their downfall.

Anyways, I think that the reason that some people still use them is probably because that one, they are used to their trading interface from the past, and two, they've got some pairs that are not being traded on any other major exchanges. Apart from that, I don't see any advantage in using them over Binance tbh.

August 20, 2018, 05:23:35 PM

SCAM BITTREX EXCHANGE faking orderbooks & buy sell orders [proof enclosed] (https://bitcointalk.org/index.php?topic=4935920.0)

March 30, 2018, 01:26:50 PM

Class action against bittrex, stop loss failed (https://bitcointalk.org/index.php?topic=3223153.0)

Bittrex first scams $millions and now joins to self-regulatory group (https://bitcointalk.org/index.php?topic=4930438.0)

well, people were disappointed with bittrex and they stopped using bittrex, today bittrex is no longer that exchange that was in the past

I really like Bittrex better than Binance. I won't say anything about Kucoin and HitBTC. On Bittrex I really like informative charts and a variety of trading pairs,some of which I have been doing for years.These coins have a small capitalization and frequent rate jumps.

Popular as a "literal" popular? Or you are talking about the people's usage?

Literally, Bittrex is popular because they are here in the crypto world for long time now. Therefore, they already established a name in crypto exchange industry. In comparison with Kucoin, I don't see Bittrex is being outshined by these exchange. Kucoin is more sh*t to others compare to Bittrex based on my own view.

About usage, I don't see that Bittrex is far the most popular that being used. Binance is the most popular I will assume. As time passes by, Bittrex good reputation now  havesome dirt much especially with the rules under the strict implementation of KYC although other crypto exchanges are doing the same and the most concern by any traders, the CUSTOMER SUPPORT.

It's important to mention that while I do agree with most points, we shouldn't just write off Bittrex entirely.

If you have been following their actual USD pairs, you'll see that they have increased in volume significantly in the last few months. Admittedly, the volume is still pretty low, but the growth indicates more popularity in that aspect.

Everything that contributes to less USDT dominance in this industry is a welcome addition, and I think Bittrex definitely deserves more credit for that. Maybe they'll be able to recover from their slump in overall volume.

I hope that Binance will list actual fiat pairs as well, but I don't think they will any time soon. Binance has been growing consistently where adding fiat pairs only triggers regulators to step in and force through their will.

I refuse to use an exchange that makes me do an extensive KYC process.  People are creatures of habit and a lot of users are simply too lazy to change exchanges.  It can be a hassle to use a different exchange for your trading after you've been using the same one for years.  Bittrex still has very high volume and most notable coins listed as well.

There is no excuse to suddnly implement KYC without prior notice and freeze funds. The funds, they holded, are the user's funds, so I can't name bittrex as reliable exchanger. as long as users can't withdraw their money, independent from KYC proceedings. Poloniex implemented KYC in a legal and correct way. They gave a notice months before and gave users the choice to withdraw their funds and/or agree with the new regulations.
So, Bittrex will loose its popularity.

For some people they don't really care at all with their informations but most of us would really be worried yet we wont know on how those informations be kept safely for it not to be leaked out.
When talking about binance I cant really deny that they do really give good user experience even on non verified ones which having a daily limit of 2 BTC which isn't really bad at all together with
good security set-up you can somehow feel the assurance of your holdings.For bittrex, ive been a user before but when problems pile up then I do leave out.

Most people when it comes to selecting an exchange to trade on don't take into account the fees associated with each trade that much, simply because most people don't trade enough volume for that figure to have any sort of major significance.

Bittrex was extremely popular. But it's definitely not as popular now, especially after legacy accounts were removed from having the rights to deposit and withdraw without ID verification. That's why you see huge drop offs in volume in Bittrex as of now compared to a year ago.

Thus, it's probably wrong to assume that Bittrex is still that popular as most of these traders who want to remain anonymous are moving towards Binance where a 2BTC threshold is kept for anonymous accounts. For the remaining account holders, though, they're most likely there to trade very specific pairs not offered on other exchanges; or simply diversifying their trading across multiple platforms.

Right! I have seen bittrex to actually lose that recognition since they have decided to shut some people off their accounts without verification and also insisted on still using the old 0.25% trading fees. A lot of traders have moved to the likes of binance which apparently are gaining much more popularity as a result of the fees and that has made binance to be an exchange with the highest trading volume so far.

Bittrex to me right now is still just living in past glories, and with the competition hitting the exchange space gradually, if they do not end up doing much to attract users, they may lose more volume than they already have.

I would not say bittrex is in anyway popular anymore compared to before since the inception of binance and some other likely crypto exchanges with lesser fees. Bittrex fee is enormous, and for those who are into large volumes, it matters a lot. However, with respect to reputations, bittrex still stand a good chance hugely. Nevertheless, bittrex volume has dropped since a lot of traders ended up moving to binance for a better volume and fees.

Its still a reliable and trusted exchange than the rest that are just coming and lists different set of altcoins. Bittrex's popular decreased overtime when Binance started to emerge. Last year's were the years of bittrex,poloniex and other exchanges on their prime. I wouldn't be surprised if next year Binance starts to decrease their popularity and another new exchange will be recognized to be good.

The service can't be "reliable and trusted", when customers funds are kept because of their TOS changes without prior notice and the chance for withdrawal. That is not a legal practice in my eyes and carries the risk, that they change again their rules and keep also the funds of their current few customers, they still have.

Yes, for me one of the main reasons to use Bittrex is that it offers an incredible number of trading pairs with Bitcoin. Bittrex has nearly 200 digital currencies, including many altcoins that appeared recently. The platform closely monitors tokens and removes from the platform those, whose developers don`t respond to user complaints or have technical issues.

I also like that the exchange keeps growing, develops and solves problems quickly and efficiently. So, one of the main problems of Bittrex was a huge demand for it, because of what several times the opportunity for registration of new users was eliminated. The Bittrex developers decided to solve this problem by opening a new crypto-exchange for residents of the European Union, which should contribute to the spread of blockchain technology and increase the level of user-friendliness of the platform (https://www.prnewswire.com/news-releases/investcom-and-bittrex-announce-a-new-digital-trading-platform-300676153.html).

As the times goes on , the quality is being test and proven so it's worth for the exchange to get the Popular title
When it require KYC as well, IMO it's also being apart of their security policy so as long as the exchange still legit, I have no problem at all !

I do not use exchangers who push users to register by their KYC rules, but how is it possible to push users to do KYC without notice? They should to, it is the straight road to loosing of clients.