Looking for a better exchange: Bittrex and Poloniex?

[Owen7021990]

In the world of cryptocurrency there are dozens of exchanges, but two of them are responsible for most of the altcoin daily trading volume. Bittrex and Poloniex are two of the top trading platforms in the market, let's check out their similarities and differences .

Both exchanges are highly valued and, of course, there exist inevitably complaints for both.

One of the most positive things is that they can exchange dozens of altcoins, not only the typical BTCs and ETHs, but also many emerging cryptos such as Litecoin, Ripple, Dash and GOLEM.

When it comes to Bittrex, you can trade using BTC, ETH and USDT.
-Poloniex has a slight advantage here as it allows transactions via XMR.

** About the support, both exchanges prove quite reliable.
In Poloniex, there is an easily accessible Q & A section and a contact page where you can quickly send a message when a problem occurs.
As to Bittrex, besides email support, Q & A section, they have a larger social networks including a Slack and Facebook page.
Both exchanges enable communication via Twitter.


** Bugs and hacks
Both of these platforms are almost equal in terms of bugs and hacks.

As to hacking, it is sometimes difficult for users to distinguish between fake and authenticated news, so there is no way to dig deeper and comment more. But one thing is for sure, most altcoin exchanges have been hacked in one way or another, and that is why you are recommended to move altcoins to your external wallet the sooner the better.


** Transaction fee
Poloniex offers competitive fees, which accounts for 0.15% for traders and 0.25% for buyers in case the trading volume is below 600 BTC. The bigger the trading volume is, the lower the fee is.

Bittrex's fee mechanisms are simpler: 0.25% commission for all. However, it is generally more expensive.

=> Rating
It's clear that these are two of the best places when it comes to trading a wide range of altcoins. After many surveys and evaluations, it seems easier to trade on Bittrex.

But it is just a general evaluation. How about you? What do you find the most appropriate cryptocurrency trading platform?

There are many reviews of many big investors on KuCoin. You can use Kucoin exchange. Besides Bittrex, I used Kucoin exchange. I think it is very good and has many advantages

I also like to use KuCoin exchange. The foundation of KuCoin is really easy to use. And at the exchange KuCoin also has a lot of Altcoin. Indeed KuCoin will replace Bittrex for a short time

KuCoin is also a trading platform that many investors choose to use in the future.

[Wind_FURY]

Avoid Poloniex until they fix their withdrawal glitches, and hire more people after Circle's acquisition is established.

I have already read many complaints about withdrawals not going through and that their customer support takes weeks to resolve those issues because they are short on workers.

[onlinedragon]

Avoid Poloniex until they fix their withdrawal glitches, and hire more people after Circle's acquisition is established.

I have already read many complaints about withdrawals not going through and that their customer support takes weeks to resolve those issues because they are short on workers.

Waiting already 23 days for a missing XEM deposit I did send from Binance to Poloniex, until now I am still waiting for support that will credit mine account. In there last public statement they said that they had a huge backlog of open support tickets. They lost already a lot of trust and many people  had a terrible experience when their money was stuck, wonder if they ever will be able to win users trust back.

When the Poloniex-Circle integration began in late February, together we faced a backlog of 159,000 customer issues. Over the past 6 weeks, we have resolved 76,000 of those issues and added 6 new agents to our support team. We have tripled the number of engineers working on our wallet infrastructure and streamlined the process for notifying engineering when technical support is needed.

https://poloniex.com/press-releases/2018.04.06-Circle-Poloniex-Journey-Six-Weeks-In/

[jerry3k5jamiso1]

Currently I trade a lot on Bittrex because it has huge trading volume and many altcoin are traded on this Exchange. I also use Poloniex but in the past there was a lot of bad news about Exchange so I was not trading anymore. Bittrex also has very high security, and it also integrates tools to support technical analysis for traders.

[Scallywag]

i like bittrex more , even better with the new ui update. i used to like polo but after they had a lot of problems with customer service i refuse to use them. although i read that they are bought by some bank , so maybe they will solve some of the problems they have.

[Mia_pikachu]

In the world of cryptocurrency there are dozens of exchanges, but two of them are responsible for most of the altcoin daily trading volume. Bittrex and Poloniex are two of the top trading platforms in the market, let's check out their similarities and differences .

Both exchanges are highly valued and, of course, there exist inevitably complaints for both.

One of the most positive things is that they can exchange dozens of altcoins, not only the typical BTCs and ETHs, but also many emerging cryptos such as Litecoin, Ripple, Dash and GOLEM.

When it comes to Bittrex, you can trade using BTC, ETH and USDT.
-Poloniex has a slight advantage here as it allows transactions via XMR.

** About the support, both exchanges prove quite reliable.
In Poloniex, there is an easily accessible Q & A section and a contact page where you can quickly send a message when a problem occurs.
As to Bittrex, besides email support, Q & A section, they have a larger social networks including a Slack and Facebook page.
Both exchanges enable communication via Twitter.


** Bugs and hacks
Both of these platforms are almost equal in terms of bugs and hacks.

As to hacking, it is sometimes difficult for users to distinguish between fake and authenticated news, so there is no way to dig deeper and comment more. But one thing is for sure, most altcoin exchanges have been hacked in one way or another, and that is why you are recommended to move altcoins to your external wallet the sooner the better.


** Transaction fee
Poloniex offers competitive fees, which accounts for 0.15% for traders and 0.25% for buyers in case the trading volume is below 600 BTC. The bigger the trading volume is, the lower the fee is.

Bittrex's fee mechanisms are simpler: 0.25% commission for all. However, it is generally more expensive.

=> Rating
It's clear that these are two of the best places when it comes to trading a wide range of altcoins. After many surveys and evaluations, it seems easier to trade on Bittrex.

But it is just a general evaluation. How about you? What do you find the most appropriate cryptocurrency trading platform?

these two exchanges are very good and very big, POLONIEX and BITREX are huge markets, the volume is very high, it possible to trade there will quickly get a profit, and also can quickly lose, but it has become our risk to trade, but now there is a new exchange that I think is also great is BINANCE I think it is also very good for us to trade in binance. I think the volume is also high.

[Wind_FURY]

Avoid Poloniex until they fix their withdrawal glitches, and hire more people after Circle's acquisition is established.

I have already read many complaints about withdrawals not going through and that their customer support takes weeks to resolve those issues because they are short on workers.

Waiting already 23 days for a missing XEM deposit I did send from Binance to Poloniex, until now I am still waiting for support that will credit mine account. In there last public statement they said that they had a huge backlog of open support tickets. They lost already a lot of trust and many people  had a terrible experience when their money was stuck, wonder if they ever will be able to win users trust back.

When the Poloniex-Circle integration began in late February, together we faced a backlog of 159,000 customer issues. Over the past 6 weeks, we have resolved 76,000 of those issues and added 6 new agents to our support team. We have tripled the number of engineers working on our wallet infrastructure and streamlined the process for notifying engineering when technical support is needed.

https://poloniex.com/press-releases/2018.04.06-Circle-Poloniex-Journey-Six-Weeks-In/

They will. Circle's acquisition legitimized Poloniex as an altcoin exchange that can operate in a heavily SEC regulated environment. I believe no other altcoin exchange has approached the SEC to know where they stand and what they should legally do.

[raven7886]

Start to trade on many partially decentralized exchange and if you don't know how to do it,  check YouTube videos for guidance.  Decentralized exchange is said to be future of trading.  Start using it now.

Sure, decentralized exchange is the future but the truth is we are not even close to it or there yet. It would change a lot of things though, but most people one way or the other would still find centralized exchanges to be a better spot for exchanging with respect to fees and some other few things.

I have been reading some news with binance starting some sort of decentralized exchange and I am seeing how this is going to play out as we move forward.

[Apened]

Avoid Poloniex until they fix their withdrawal glitches, and hire more people after Circle's acquisition is established.

I have already read many complaints about withdrawals not going through and that their customer support takes weeks to resolve those issues because they are short on workers.

Since then i am trading with poloniex and bittrex and i much prefer trading in poloniex because of a variety coins even some coins or tokens are not there so i trade in bittrex. Soon that poloniex have frequently experience bugs and error or hacking/ddos issues i luckily pullout all of my funds and now my friends are having the same problem as yours. Withdrawal is a big problem for everyone in need or hurry.

[omonuyak]

I have account with poloniex since 2016 and I have been using it infectively. Poloniex is far better than bittex to me because of the deposit experience I had with them last time. I have never have any problems with poloniex and all my deposit, purchase and withdrawal were prompt.

[richcorner100]

I used poloniex when first times i started crypto trading 2 years ago, iam very like use this exchange since acouple years because they has big volume transaction, and so far i dont have any issue about deposit and withdrawal. I still used it, but because they dont add new potential coins, i also used others exchange like Binance and Kucoin.

[Pursuer]

it is true that bittrex has a better platform and poloniex has a lower fee and all the rest but none of these makes them good choices to go to and trade.

poloniex is a big place which stopped giving proper customer support and you will have a terrible time on their platform and if you encounter any problems you wish you have never used them before.
bittrex became big and some day decided to scam a large number of their users so they selected them in groups based on risk of retaliation and scammed them all, such business is not trusted at all.

[candy69]

In my opinion, Binance is better than Bittrex and Poloniex. Both of them have got issues. On the other hand, Binance has grown tremendously over the past six months.

[ricardobs]

In my experience so far on Hitbtc not as bad as they think no problems so far recently i have seen various feedbacks on HITBTC's service but as to me it's not that bad I'm am currently handling my altcoins with ease. There's this other one that im testing it's called mercatox their trading site is quite good but their rates is not as good as bittrex though it's not that much of a difference.

It is always like that. There is usually no problem until you experience problem and one day you open a topic and start telling us how you have gotten screwed with HitBTC. I really do not know why people always still stick with an exchange that have history of getting people screwed and then they keep consoling themselves with the idea that as long as it has not affected me, I do not care. As in for real ?

[Denker]

In my opinion, Binance is better than Bittrex and Poloniex. Both of them have got issues. On the other hand, Binance has grown tremendously over the past six months.

Always go and trade where the liquidity is.
And right this is Binance, if you want to trade many altcoins.
Poloniex and Bittrex have lost a lof of customers due to instability and lack of performance.
Poloniex once was THE altcoin exchange where we all were trading. Then we moved to Bittrex and they messed things up.
Now Binance is the exchange most like to stick around. Let's see if they keep continuing their good work. Traders aren't loyal to exchanges.It's all about customer service, performance and liquidity. And right now Binance is offering the best package.

[GelsoAM]

For me i will pick bittrex just because it's way more easier to use and has more volume than poloniex and i only use poloniex for fees etc but for me my favorite will be binance.

[Genovese]

Poloniex used to be my favorite exchange, until their support stopped to work and every problem has become a nuisance. Now my favorite exchange is Bittrex. But I also like Kucoin.

[okissabam]

My first trading site that I have used was Poloniex, although I still use them until now I limited my usage with this exchange site ever since their trollbox was taken down and when there was an issue but I still do have some coins left on the site. Next trading site that I’ve used was Biitrex and still am using until now for short term trading sometimes but for the last few months I have preferred using Hitbtc because I didn’t have any problems with them even depositing and withdrawing coins from this site.

[Wind_FURY]

it is true that bittrex has a better platform and poloniex has a lower fee and all the rest but none of these makes them good choices to go to and trade.

poloniex is a big place which stopped giving proper customer support and you will have a terrible time on their platform and if you encounter any problems you wish you have never used them before.

That's true for now, but as soon as new hirings come in I believe we will see a "Poloniex Renaissance".

A US based exchange, fully regulated, and backed by Circle.

I'm in.

bittrex became big and some day decided to scam a large number of their users so they selected them in groups based on risk of retaliation and scammed them all, such business is not trusted at all.

What do you mean, and can you post some urls and links? That is a serious accusation.

[Angelina Jolie]

At Poloniex support service is very poor. I waited 3 weeks before they answered me. At Bittrex it took one, two days at most.