[ANN] Bittrex - Next generation exchange (btc/ltc/eac/ppc/rdd/ftc/and more)

[Raja_MBZ]

Also that means as for NY account holders, we cannot do any trading if we try to click trade etc right?

Yes, New Yorkers can no longer use Bittrex for trading, as I mentioned earlier:

Seems like New Yorkers have to say goodbye to Bittrex:

The decision made by NYDFS yesterday only impacts our customers in New York state. This is not a restriction on any other location in the United States or internationally.

Bittrex Statement on the New York Department of Financial Services (NYDFS) Decision

https://bittrex.zendesk.com/hc/en-us/articles/360026708551-Bittrex-Statement-on-the-New-York-Department-of-Financial-Services-NYDFS-Decision-

~snip~

[mrtrust]

Garbage exchange lists different scams. Don't use this bullshit!

[mrtrust]

Bittrex is known scam, that's why they want to create new fraud - Biteeu!

[mrtrust]

Ahaha new IEO from Shittrex. Crazy, who is going to buy this crap? Scam, fraud!

[JollyGood]

Regarding Bittrex KYC, how long does it take to get the account up and running from the moment of sending documents to being ready to go.

Can UK banks send and receive/withdraw FIAT funds?

What documents are required for KYC?

[Raja_MBZ]

Regarding Bittrex KYC, how long does it take to get the account up and running from the moment of sending documents to being ready to go.

Within 24 hours (at the maximum). Mostly, within a couple of hours. I remember my documents (in July last year) got verified within a single hour.

Can UK banks send and receive/withdraw FIAT funds?

As far as I know, yes!

What documents are required for KYC?

-Selfie
-Passport/CNIC

[LordAltcoin]

Ahaha new IEO from Shittrex. Crazy, who is going to buy this crap? Scam, fraud!

Im really worried about Bittrex.  They are not totally stupid.  They must surely know these IEO's are destroying their reputation.

So the questions begs?  Why keep on doing these IEOs?

Only answer i can think of... They are in desperate need of $BTC..

if this is the case, alarm bells are ringing.

[JollyGood]

Regarding Bittrex KYC, how long does it take to get the account up and running from the moment of sending documents to being ready to go.

Within 24 hours (at the maximum). Mostly, within a couple of hours. I remember my documents (in July last year) got verified within a single hour.

Can UK banks send and receive/withdraw FIAT funds?

As far as I know, yes!

What documents are required for KYC?

-Selfie
-Passport/CNIC

Thank you for the information.

What about maximum FIAT withdrawals/deposits limits?

[Raja_MBZ]

Regarding Bittrex KYC, how long does it take to get the account up and running from the moment of sending documents to being ready to go.

Within 24 hours (at the maximum). Mostly, within a couple of hours. I remember my documents (in July last year) got verified within a single hour.

Can UK banks send and receive/withdraw FIAT funds?

As far as I know, yes!

What documents are required for KYC?

-Selfie
-Passport/CNIC

Thank you for the information.

What about maximum FIAT withdrawals/deposits limits?

There's no maximum deposit limit and a huge maximum withdrawal limit.

From my Bittrex account:

Daily withdrawal limit: 100 BTC



Deposit limit: No deposit maximum

[JollyGood]

There's no maximum deposit limit and a huge maximum withdrawal limit.

From my Bittrex account:

Daily withdrawal limit: 100 BTC



Deposit limit: No deposit maximum

Excellent bit of information there. Thank you.

Is that 100 BTC withdrawal only for crypto to be sent to another wallet or is it 100 BTC converted to FIAT (currently 100 BTC = around $520,000) and sent to FIAT bank?

How long does it take from the moment FIAT withdrawal is initiated to it being deposited and available in the bank?

[Raja_MBZ]

There's no maximum deposit limit and a huge maximum withdrawal limit.

From my Bittrex account:

Daily withdrawal limit: 100 BTC



Deposit limit: No deposit maximum

Excellent bit of information there. Thank you.

I'm glad I could help!

Is that 100 BTC withdrawal only for crypto to be sent to another wallet or is it 100 BTC converted to FIAT (currently 100 BTC = around $520,000) and sent to FIAT bank?

That's an interesting question, as I really never wondered if it was for crypto or for FIAT. But this cleared the confusion off (after I had a little chat with one of the live chat representatives):



So, it's 100 BTC withdrawal limit for crypto + USD.

How long does it take from the moment FIAT withdrawal is initiated to it being deposited and available in the bank?

According to Bittrex:

Withdrawals initiated before 9AM PT are sent same or next business day

For me, it's mostly within 24 hours of withdrawal request during business days. However, if I apply for the withdrawal on Saturday or Sunday, it's usually available in my bank by Monday.

I remember that once on Wednesday, it took only about 6 hours before my withdrawal was fully present in my bank account!

[JollyGood]

According to Bittrex:

Withdrawals initiated before 9AM PT are sent same or next business day

For me, it's mostly within 24 hours of withdrawal request during business days. However, if I apply for the withdrawal on Saturday or Sunday, it's usually available in my bank by Monday.

I remember that once on Wednesday, it took only about 6 hours before my withdrawal was fully present in my bank account!

Again, that is a lot of positive information you provided. Thank you.

Fast withdrawals and online chat operators/advisors are a real plus point.

Going back to what you wrote, 100 BTC is currently well over $500,000 so if they allow that much withdrawal in FIAT per day then that is impressive. I think that is more than Coinbase allow per day/month.

Just another question about their 100 BTC withdrawals limit, is there a monthly cap? 100 BTC per day could add up to 3100 BTC a month which currently equate to over $16 million a month in FIAT withdrawals. Do they cap monthly withdrawls to 500 BTC or 800 BTC etc?

From what I can see, newbies accounts are regularly being created for the sole purpose to attack Bittrex. I am unsure what the exact motive the perpetrators have for doing it but I hope they stop.

I am really impressed with Bittrex directly because of your posts. I have not signed up with Coinbase yet but I want to send my KYC to an exchange that will not mess me around further down the line. Coinbase is still an option but Bittrex sounds excellent too..

What are your personal views of Bittrex over Coinbase for example?

[Raja_MBZ]

Just another question about their 100 BTC withdrawals limit, is there a monthly cap? 100 BTC per day could add up to 3100 BTC a month which currently equate to over $16 million a month in FIAT withdrawals. Do they cap monthly withdrawls to 500 BTC or 800 BTC etc?

No, I've just confirmed it. There's no monthly cap; they are literally allowing up to 3100 BTC a month of withdrawals for each verified account!

From what I can see, newbies accounts are regularly being created for the sole purpose to attack Bittrex. I am unsure what the exact motive the perpetrators have for doing it but I hope they stop.

I am really impressed with Bittrex directly because of your posts. I have not signed up with Coinbase yet but I want to send my KYC to an exchange that will not mess me around further down the line. Coinbase is still an option but Bittrex sounds excellent too..

What are your personal views of Bittrex over Coinbase for example?

Honestly, I can't comment on that comparison as I only used Coinbase once in 2013. I've never been a fan of Coinbase but at the same time, I think that I should've tried (and experienced) it more. Anyways, I'm planning to try it out in the near future, so I think that I'll be able to compare these two soon.

Moreover, never forget, DYOR before risking your funds anywhere!

[JollyGood]

Just another question about their 100 BTC withdrawals limit, is there a monthly cap? 100 BTC per day could add up to 3100 BTC a month which currently equate to over $16 million a month in FIAT withdrawals. Do they cap monthly withdrawls to 500 BTC or 800 BTC etc?

No, I've just confirmed it. There's no monthly cap; they are literally allowing up to 3100 BTC a month of withdrawals for each verified account!

From what I can see, newbies accounts are regularly being created for the sole purpose to attack Bittrex. I am unsure what the exact motive the perpetrators have for doing it but I hope they stop.

I am really impressed with Bittrex directly because of your posts. I have not signed up with Coinbase yet but I want to send my KYC to an exchange that will not mess me around further down the line. Coinbase is still an option but Bittrex sounds excellent too..

What are your personal views of Bittrex over Coinbase for example?

Honestly, I can't comment on that comparison as I only used Coinbase once in 2013. I've never been a fan of Coinbase but at the same time, I think that I should've tried (and experienced) it more. Anyways, I'm planning to try it out in the near future, so I think that I'll be able to compare these two soon.

Moreover, never forget, DYOR before risking your funds anywhere!

Thank you for updating

I will do my own research but it seems like the idea of opening an account with Coinbase will take a back-seat for now. I think Bittrex is where the focus is so I hope to get on their website probably Monday or Tuesday to sign up and see what happens. As long as I can get hold of a live chat operator/helper on their website before signing up I think things will go very smoothly.

Thank you for taking the time to chat to the live operators and getting that 100 BTC daily limit confirmed. I will never be in a position to do that but when I do want to send fiat to an exchange and also withdraw fiat from an exchange I just want a seamless transaction with a reputable company that does not selective scam customers or sell their KYC on the black market to criminals.

[donski]

I am a victim of Bittrex 's scam ieo ocean. Bittrex sold ieo ocean for their customers with price 0.00002350 btc and got $ 6 million. But price ieo ocean dropped over 70% from the begin trading on the exchange (0.00000650 btc ). And price ocean now is 0.00000484 btc, this is obviously scam ieo ocean.
I lost 80% my money with this scam ieo. I buy ieo ocean because I trust bittrex but all are only scam. Now I am very sad, panic and angry.

Bittrex, please refund money for everyone, or no one will trade with your exchange any more.

[JollyGood]

I am a victim of Bittrex 's scam ieo ocean. Bittrex sold ieo ocean for their customers with price 0.00002350 btc and got $ 6 million. But price ieo ocean dropped over 70% from the begin trading on the exchange (0.00000650 btc ). And price ocean now is 0.00000484 btc, this is obviously scam ieo ocean.
I lost 80% my money with this scam ieo. I buy ieo ocean because I trust bittrex but all are only scam. Now I am very sad, panic and angry.

Bittrex, please refund money for everyone, or no one will trade with your exchange any more.

I never heard of "ocean ieo". Please explain the back story of who/what "ocean" actually was and exactly how did they scam you?

Could you also please explain why "Bittrex is responsible" and why "Bittrex is liable" for losses incurred by investors if a company comes along and scams?

If for example, Binance receives $6 million for handling the "ocean ieo" then it turns out that "ocean" was a scam, why would Binance be responsible?

If for example, somebody buys advertising space seeking investors on social media or any media such as Washington Post, Youtube, Facebook and CNN (and passes their due-dilligence test) then decides to scam, why would those media outlets be responsible for paying back your losses?

The same logic applies to crypto exchanges too.

[donski]

I am a victim of Bittrex 's scam ieo ocean. Bittrex sold ieo ocean for their customers with price 0.00002350 btc and got $ 6 million. But price ieo ocean dropped over 70% from the begin trading on the exchange (0.00000650 btc ). And price ocean now is 0.00000484 btc, this is obviously scam ieo ocean.
I lost 80% my money with this scam ieo. I buy ieo ocean because I trust bittrex but all are only scam. Now I am very sad, panic and angry.

Bittrex, please refund money for everyone, or no one will trade with your exchange any more.

I never heard of "ocean ieo". Please explain the back story of who/what "ocean" actually was and exactly how did they scam you?

Could you also please explain why "Bittrex is responsible" and why "Bittrex is liable" for losses incurred by investors if a company comes along and scams?

If for example, Binance receives $6 million for handling the "ocean ieo" then it turns out that "ocean" was a scam, why would Binance be responsible?

If for example, somebody buys advertising space seeking investors on social media or any media such as Washington Post, Youtube, Facebook and CNN (and passes their due-dilligence test) then decides to scam, why would those media outlets be responsible for paying back your losses?

The same logic applies to crypto exchanges too.

You are staff of bittrex ?! ieo ocean a coin of bittrex , bittrex sold for everyone with price 0.00002350 btc and dump 80% when bittrex list it on exchange. If you want to know more ioe ocean coin, please read twitter of bittrex. If you want to know why must bittrex get responsibility? ,please read twitter of bittrex, thousands of people are angry and panic because of the scam ocean coin of bittrex.

 I also explain more:  ieo = initial exchange offering - Contrary to Initial Coin Offerings (ICOs), an IEO is administered by a crypto exchange on behalf of the startup that seeks to raise funds.
Please read more twitter of bittrex so as to know more what happening at bittrex . Donot ask me why and what ? lol

[cesmak]

I think Donsky, that you are a bit confused, if the ieo ended and the coin/token was inserted in the free market, at that moment the exchange responsibility about (i repeat) free market conditions is no more a responsibility of the exchange himself. But only relay on marked conditions, so if price goes down 80% means that investor don't like the coin, but you can't accuse the exchange of being responsible (i repeat, if the ieo period ended...) the difference imho from an ico, is that all the first part of selling at fixed initial price is executed on the exchange instead of the company himself, but after the ico/ieo ended is the market who rules, so volatility is normal.

If the price was lowered when the coin offering was still in place, well, in this case is a responsibility of the exchange, but could also be that the company asked to lower the initial price, again how you are sure that is a fault of bittrex ?

I'm only a user of bittrex, no involved in company, i'm talking only from the perspective of logic, and i don't know anything about this coin, and his story, just to be clear.

[donski]

I think Donsky, that you are a bit confused, if the ieo ended and the coin/token was inserted in the free market, at that moment the exchange responsibility about (i repeat) free market conditions is no more a responsibility of the exchange himself. But only relay on marked conditions, so if price goes down 80% means that investor don't like the coin, but you can't accuse the exchange of being responsible (i repeat, if the ieo period ended...) the difference imho from an ico, is that all the first part of selling at fixed initial price is executed on the exchange instead of the company himself, but after the ico/ieo ended is the market who rules, so volatility is normal.

If the price was lowered when the coin offering was still in place, well, in this case is a responsibility of the exchange, but could also be that the company asked to lower the initial price, again how you are sure that is a fault of bittrex ?

I'm only a user of bittrex, no involved in company, i'm talking only from the perspective of logic, and i don't know anything about this coin, and his story, just to be clear.

I donot argue with you. You should know I am not alone, more 5 thousand people that bought ieo ocean of bittrex and loss 80% their money are very angry. Bittrex die soon.

[JollyGood]

You are staff of bittrex ?! ieo ocean a coin of bittrex , bittrex sold for everyone with price 0.00002350 btc and dump 80% when bittrex list it on exchange. If you want to know more ioe ocean coin, please read twitter of bittrex. If you want to know why must bittrex get responsibility? ,please read twitter of bittrex, thousands of people are angry and panic because of the scam ocean coin of bittrex.

 I also explain more:  ieo = initial exchange offering - Contrary to Initial Coin Offerings (ICOs), an IEO is administered by a crypto exchange on behalf of the startup that seeks to raise funds.
Please read more twitter of bittrex so as to know more what happening at bittrex . Donot ask me why and what ? lol

Thank you for the post but I see no reason why Bittrex is responsible for paying you back that you used to buy a token on an IEO that took place on its platform.

If that token was a spectacular failure which resulted in people losing money what had it got to do with Bittrex?

I see nothing at the moment suggest Bittrex is a scam. In my opinion and thanks to the feedback provided by Raja_MBZ I can safely say there is nothing of substance to allude to Bittrex being a scam.