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Author Topic: Bittrex announces minimum trade size raise and other info  (Read 2966 times)
ImHash
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November 29, 2017, 05:55:07 AM
 #41

The only thing I liked about their new policy changes was the fact that they have announced to suspend any pumping groups activity Cheesy Like we don't know that they are the ones getting hundreds of thousands of dollars not only by engaging in these so call pump groups but they are encouraging them, That way they will get more exposure and more fees.
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November 30, 2017, 12:33:28 AM
 #42

There's no point short trading alts here then. Anyone know a better alternative than Trex other than Polo?

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RGBKey (OP)
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November 30, 2017, 02:11:02 AM
 #43

There's no point short trading alts here then. Anyone know a better alternative than Trex other than Polo?
I've been eyeing HitBTC but I don't know if others have had problems with them. At first glance they look decent enough.
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November 30, 2017, 11:54:57 AM
 #44

There's no point short trading alts here then. Anyone know a better alternative than Trex other than Polo?

They are scammers, of course there is no point. Do not deposit anything in this crap exchange because you wont be able to withdraw it even if you try to verify your account, they will just keep you on hold for weeks. Their twitter account is a joke, they will respond to like 5-6 tickets some days and that's it, they are going to scam like cryptsy very soon. It's pretty clear.
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November 30, 2017, 12:39:03 PM
 #45

100,000 satoshi equal to BTC0.001 or $9.7 at current rates. It's a small amount for traders and will get rid of small transactions by some people who are trying to make their fortune through trading. I agree that you can get decent profit just by relying on the small amount of capital. But, there are too many problems regarding their support, verify account and withdrawal issue. Personally, I won't trade in such shady trading platform especially deposit huge funds into their site, too risky. Surprisingly, bittrex still occupy third place according to global trading volume over 1.3 billion dollars. I prefer to use local exchange in my country or some global trading platforms such as Hitbtc, etherdelta or livecoins.
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November 30, 2017, 12:49:14 PM
 #46

I have to say I like this part with disabling orders which re 28 plus days old. It ll reduce clogging and also prevent people from using exchanges as wallets, which is also good since it reduces risk.

Most of the stuff Bittrex does is the step in the right direction, besides limiting accounts of people from countries under sanctions. But again, this is politics.
The removal of old orders is fine IMO and to be honest, this is probably the only positive change I can see here.
Bittrex is trying to become better exchange and introduce some "mainstream'' friendly regulation (no pump, remember guys, or we call the police!).
If you are looking for low profile exchange this is no longer place to trade.
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November 30, 2017, 02:03:17 PM
 #47

There's no point short trading alts here then. Anyone know a better alternative than Trex other than Polo?
I've been eyeing HitBTC but I don't know if others have had problems with them. At first glance they look decent enough.
Hitbtc is pretty decent, but they don't have much volume on few alts. if people start moving there we'll have the volume! i have made few trades and withdrawals, everything worked fine.
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November 30, 2017, 02:30:17 PM
 #48

There's no point short trading alts here then. Anyone know a better alternative than Trex other than Polo?
I've been eyeing HitBTC but I don't know if others have had problems with them. At first glance they look decent enough.

Hitbtc tend to have most of their wallets disabled, which is frustrating.

I think a better solution is to migrate to one of the decentralised exchanges like Openledger:

https://openledger.io/welcome


 
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ImHash
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December 01, 2017, 03:15:47 PM
 #49

There's no point short trading alts here then. Anyone know a better alternative than Trex other than Polo?
I've been eyeing HitBTC but I don't know if others have had problems with them. At first glance they look decent enough.

Hitbtc tend to have most of their wallets disabled, which is frustrating.

I think a better solution is to migrate to one of the decentralised exchanges like Openledger:

https://openledger.io/welcome


Decentralized exchanges are not as decentralized as many believe, One of the down sides of them is the high paying fees are required, Another down side is the lack of volume and also not supporting every coin, They only could operate with ETH tokens.
RGBKey (OP)
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December 01, 2017, 09:26:24 PM
 #50

There's no point short trading alts here then. Anyone know a better alternative than Trex other than Polo?
I've been eyeing HitBTC but I don't know if others have had problems with them. At first glance they look decent enough.

Hitbtc tend to have most of their wallets disabled, which is frustrating.

I think a better solution is to migrate to one of the decentralised exchanges like Openledger:

https://openledger.io/welcome


Decentralized exchanges are not as decentralized as many believe, One of the down sides of them is the high paying fees are required, Another down side is the lack of volume and also not supporting every coin, They only could operate with ETH tokens.
I agree that they're cool and I'm glad they exist, but they're just not the ebst exchange to use at the moment.
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December 02, 2017, 01:13:07 PM
 #51

There's no point short trading alts here then. Anyone know a better alternative than Trex other than Polo?
I've been eyeing HitBTC but I don't know if others have had problems with them. At first glance they look decent enough.

Hitbtc tend to have most of their wallets disabled, which is frustrating.

I think a better solution is to migrate to one of the decentralised exchanges like Openledger:

https://openledger.io/welcome


Decentralized exchanges are not as decentralized as many believe, One of the down sides of them is the high paying fees are required, Another down side is the lack of volume and also not supporting every coin, They only could operate with ETH tokens.

They lack volume because not many people are using them. It's a chicken and egg situation - until people migrate to them, volume won't pick up, and you are stuck with the centralised exchanges.

 
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RGBKey (OP)
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December 02, 2017, 11:09:22 PM
 #52

There's no point short trading alts here then. Anyone know a better alternative than Trex other than Polo?
I've been eyeing HitBTC but I don't know if others have had problems with them. At first glance they look decent enough.

Hitbtc tend to have most of their wallets disabled, which is frustrating.

I think a better solution is to migrate to one of the decentralised exchanges like Openledger:

https://openledger.io/welcome


Decentralized exchanges are not as decentralized as many believe, One of the down sides of them is the high paying fees are required, Another down side is the lack of volume and also not supporting every coin, They only could operate with ETH tokens.

They lack volume because not many people are using them. It's a chicken and egg situation - until people migrate to them, volume won't pick up, and you are stuck with the centralised exchanges.

Are there decentralized exchanges for things other than ERC20 tokens right now? I know there was one for BTC, but did it do altcoins too?
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December 02, 2017, 11:13:01 PM
 #53

Eherm eherm..
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December 02, 2017, 11:17:53 PM
 #54

Now that sucks because I wanted to withdraw my money today and in order to do so I need to verify my ID first. Cry
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December 03, 2017, 07:06:57 PM
 #55

My verification process was done in 10 minutes, never had any problems with Bittrex. I think the measures are more aimed towards getting rid of PnD groups but I could be mistaken.

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December 03, 2017, 08:31:46 PM
 #56

thanks for the info. I think bittrex is a good bitcoin exchange

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December 06, 2017, 02:49:33 PM
 #57

Bittrex is changing the game big time, the best thing anyone could do right now before mayhem ensues is to go with another option.
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December 06, 2017, 06:54:16 PM
 #58

Literally, Bittrex is shit. I cant withdraw money from here, my money were stucked. I was worried about withdrawing funds, their whole system seems pretty rickety and old school. Their support really sucks.

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RamonBTC
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December 06, 2017, 08:48:50 PM
 #59

Reading all this negative comments with high ranks is discouraging. I have planned to test Bittrex next week but it all change now. Thanks for this guys and I think it’s better be aware of this problem and those sweet propaganda machine should always be observe before doing that is regrettable in the end. I’m not a good trader so hearing or learning from experienced trader is always my priority.
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December 06, 2017, 11:29:30 PM
 #60

Reading all this negative comments with high ranks is discouraging. I have planned to test Bittrex next week but it all change now. Thanks for this guys and I think it’s better be aware of this problem and those sweet propaganda machine should always be observe before doing that is regrettable in the end. I’m not a good trader so hearing or learning from experienced trader is always my priority.
I have nothing good to say about them anymore.
They have:
  • High static BTC withdraw fee (0.001 ~= $13)
  • Bad customer support
  • Requires verification to withdraw, but not to deposit (seriously??)
  • Higher minimum trade requirement

I used to use them, but they just got worse and worse until these changes pushed me away from them.
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