Your answers are very clear and detailed.

On the first part... so you say you can withdraw up to 5 btc for free.  You mean withdraw it to bank account or what do you mean by that?  Because even if you withdraw 0.02 btc to bank account, well you dont you need to do verification as you need to add in your bank account etc?

When you mention the trading crypto to crypto is free and unlimited... you are telling me i could trade bitcoin for litecoin or bitcoin for lisk etc as much as i want?   For example if i have 1 btc and want to trade for lisk... they would offer 1300 lisk.  But if i do this on shapeshift, i might only get 1280 etc?  Thus i get more coins for my bitcoin via bittrex as oppose to shapeshift no matter what?  The other thing that confuses me is so you basically could do anonymous crypto to crypto currency trading?  That doesn't seem right if you know what i mean.  For example those people who have like 500 bitcoin etc could basically just trade for ETH and other coins where there is no trace at all?  That doesn't really make sense if you know what i mean as i read bittrex is regulated.   The thing is shapeshift i know is anonymous but how could someone trade crypto to crypto without verification on a regulated site like bittrex?  I had read there are ppl that dont use their real name etc when creating an account at bittrex with no issue.  So basically ppl who have lot of bitcoin or altcoins and only trade altcoins could that without any issue?  I find this a bit hard to believe if you know what i mean unless im missing something here?  Im guessing a huge issue that would happen is if theres an issue in the trade and they didnt use their real names, they would have issues?

Another thing i want to ask is does bittrex offer the best price compared to most exchanges?  For example, im pretty sure coinbase offers the worst rate for bitcoin right?  The other exchange i heard of is gemini.  Then i heard of kraken, gdax etc.  But the best one is bittrex?  Are all these sites pretty much similar to terms of how to use the site etc?

4.  So let say you have 1 bitcoin you want to sell.  Let say value is 2500 usd to make it simple.  If you want to sell it for cash... i know that on coinbase or circle when circle used to allow selling of bitcoin and buy... you then receive an ACH transfer to your bank account.  Thus its like instant sell etc.  But with bittrex, this is not how it works right?  Thus if the price of a bitcoin is 2500... well when you want to sell bitcoin for bank transfer... you actually have to post how much you want to sell it for right?  Thus there would be sellers that say they have 1 bitcoin for 2490?  The next seller would be selling it at 2488 and they could say they have 0.5 btc for sale only?  Is that how it works on a site like bittrex?  You dont sell it for the price that is shown like on coinbase/circle?  But you have to make an offer like okay the lowest price is 2488 someone is selling... so if you want to sell it fast... then just make it 2485?  And then someone might buy it pretty quickly?  So if you put 2480 someone would probably buy it very fast?  Is that how it works?  And when you sell the bitcoin for cash, so that mean your bittrex will have a cash balance right?  Thus there is a cash balance on your bittrex account, a btc balance, and altcoin balances?  Like for example you transfer 1 bitcoin to bittrex you want to sell.  You send it from your wallet to there.  Then once you sell it for 2480... then it show a cash balance of 2480?  Or is it 2480 - 0.25% fee?  Thus 2480-6.20 = 2473.80 cash balance in your bittrex account? 

5.  Assuming what i posted above is correct... say you want to do a bank transfer to your bank.  Would this be a bank wire or ACH?  How much would it cost to transfer 2473.80 usd to your us bank account?  How long does it take?  Now let say you want to buy bitcoin or altcoins with it.  To make it simple... say you want to buy bitcoin or ETH.  Let say ETH price is 225 dollars.  You want to buy 10 of them.  So when you do this, you have to look for the sellers of ETH on the exchange right?  Then look for the lowest possible price which should be shown pretty easily?  Then request to buy 10 of them?  Thus the seller selling ETH at cheapest price might be 225 and have say 12 on hand?  So you buy 10 off of them?  Is that how it works?  But let say he only have 8 of them.  You buy 8 off of him at 225... then the next guy who sell it at 225.80... you buy 2 off of him?  Is that correct?  And can someone tell me how the prices look on bittrex?  Like one seller might sell ETH for 225 usd.  The next lowest seller would be selling it how far from that 225?  Like 50 cents off?  1 dollar off?  5 dollars off?

1.  Do you need to send them verification documents?  And if so, what do they require?  I assume either passport or id... but what else?  I read someone mentioned they only require that if you are turning coins into cash and vice versa right?  Thus if you have bitcoin or altcoins and want to trade coins... then they don't require any verification documents.  Is that true or false?  I also read you can withdraw max 3 bitcoin a day or something like that without verification?  Can someone explain what is meant by this?  You mean trading cryptocurrency with crytocurrency etc?  Or do they mean bitcoin for wire etc?  However if its wire, then it requires verification right?

2.  I have traded bitcoin for altcoin like Litecoin with shapeshift.  That is pretty easy but people say the fee they charge on sites like that are higher than on bittrex.  So if you trade 1 bitcoin for ETH on bittrex, how much in fees are you paying?  I heard its like 0.25 percent?  Thus its that number whether its trading cryptocurrency or bank wire etc?  On shapeshift you just type how much bitcoin you want to trade and they will tell you how much ETH you will receive etc. 

3.  Since bittrex is an exchange, you are basically exchanging with other users around the world right?  Thus as oppose to coinbase and shapeshift where that site has the coins itself or the money itself like coinbase when you are selling to coinbase?  Or am i wrong here?