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

[Raja_MBZ]

Judging by the looks of it, it's a feature that will allow you to trade without fees (after you've collected enough amount of credits).

Not really a bad deal if you trade a lot. Kinda looks like a loyalty program to me. Is it going to be 1 credit = 1 cents for every trade? This means If you trade $1000 and get $1000 worth of credits, your next trade is free but Bittrex won't get any commissions. Isn't it going to make them lose at least half of their revenue (assuming the number of users that use this exchange won't increase)?

Is there any clarity as to what happens with the credits and how the system works?

I decided to trade a few ADA for BTC at Bittrex to check this feature out; I traded 4080 ADA for BTC at the rate of 465 satoshis/ADA, and this is how it all went:





It all went smoothly. I traded without any trading fee (due to adjustment of these credits).

At the rate of $8100 per BTC, 0.00004743 BTC equals 38 cents. So it seems like 1 credit = 1 cent.

[gembitz]

These credits are going to be adjusted in the trade fee. I've got $25 worth of free credits (2500 credits); so it makes 1 credit = 1 cent. Going to try this out and let y'all know my experience!

Judging by the looks of it, it's a feature that will allow you to trade without fees (after you've collected enough amount of credits).

Not really a bad deal if you trade a lot. Kinda looks like a loyalty program to me. Is it going to be 1 credit = 1 cents for every trade? This means If you trade $1000 and get $1000 worth of credits, your next trade is free but Bittrex won't get any commissions. Isn't it going to make them lose at least half of their revenue (assuming the number of users that use this exchange won't increase)?

what part of INSOLVENT are you fucked up on? :\ meh

[nydiacaskey01]

I also got this message from Bittrex that my account is now enabled to earn Bittrex credits when I trade. Is this for all Bittrex users? Is it for selected Bittrex users or there's a qualification for those who will get this function or feature in Bittrex. It looks like Bittrex is trying to compete with Binance and other top cryto exchanges. I also received an invitation that I only noticed today when I opened my email connected to my Bittrex account.

[Murat]

Pending Market Removals October 11, 2019

BTC-SHIFT
BTC-GLC

More info at - https://bittrex.zendesk.com/hc/en-us/articles/360034189712-Pending-Market-Removals-October-11-2019

Good to see bittrex removing shitcoins. These open rooms for legitimate coins but their listing requirements should be improved too. Currently, they are listing shit tokens as well. They should list community-backed projects to increase the volume otherwise their delisting action will provide no result. They recently started credit promotion, it looks like they are trying to get back the position they belong to.

[Rodeo02]

I also got this message from Bittrex that my account is now enabled to earn Bittrex credits when I trade. Is this for all Bittrex users? Is it for selected Bittrex users or there's a qualification for those who will get this function or feature in Bittrex. It looks like Bittrex is trying to compete with Binance and other top cryto exchanges. I also received an invitation that I only noticed today when I opened my email connected to my Bittrex account.

Is this bittrex credit is also a token like bnb in binance ? or just normal credit that you can use only to decrease widrawal transactions or exchange fees . If its like binance token and they give it for  free to traders  well i want to buy now maybe this token might be the same as bnb that increase its value .

[Raja_MBZ]

I also got this message from Bittrex that my account is now enabled to earn Bittrex credits when I trade. Is this for all Bittrex users? Is it for selected Bittrex users or there's a qualification for those who will get this function or feature in Bittrex. It looks like Bittrex is trying to compete with Binance and other top cryto exchanges. I also received an invitation that I only noticed today when I opened my email connected to my Bittrex account.

Hmmm... well, it looks like most of the verified account holders received those credits. According to the following article, a total of 25 million credits are distributed:

https://medium.com/bittrex/show-me-the-credits-were-giving-away-over-25-million-bittrex-credits-a89c9a0505f7

So it looks like that they've distributed 2500 credits to each of the 1 million (verified) users. I do not expect their traders-base to be over a million these days, so pretty much every trader of Bittrex must have got it.

[jhenfelipe]

I also got this message from Bittrex that my account is now enabled to earn Bittrex credits when I trade. Is this for all Bittrex users?

I'm not active in trading there these past few months, no email recieved, but I got the same pop up after logging in. I think all KYC verified Bittrex International users' received that, regardless if you're active or not. I recommend that you read the Medium post (link given by @Raja_MBZ), they have mention dates there about expiration.

Is this bittrex credit is also a token like bnb in binance ? or just normal credit that you can use only to decrease widrawal transactions or exchange fees . If its like binance token and they give it for  free to traders  well i want to buy now maybe this token might be the same as bnb that increase its value .

No it's not like BNB. Bittrex credits has no monetary value, you can only use it to have a commission-free trade (it depends on the amount of credits you have though). Another thing is it's still in beta, if they will implement it in the future or not, we are not certain of it yet.

More info about the credits: https://bittrex.zendesk.com/hc/en-us/articles/360032289972-Terms-of-Service-Addendum-for-Bittrex-Credits-Beta-Program

[nydiacaskey01]

The following tokens will be removed from Bittrex

BTC-SHIFT (Shift)
BTC-GLC (GoldCoin)

Current circullating supply of SHIFT is 13,446,459 while 41,662,072 for GLC
Users still have up to 14 days to move their tokens out of Bittrex.
Effective date or token will be delisted by October 11, 2019
I found this information in Bittrex official twitter account.

[Murat]

The following tokens will be removed from Bittrex

BTC-SHIFT (Shift)
BTC-GLC (GoldCoin)

This has been posted already with more info (Scroll up 3 posts)

Though Bittrex Changed dates and added more coins they're going to Remove on November 1, 2019

ABY - Art Byte
GLC - Gold Coin
IOP - Internet Of People
SEQ - Sequence
SHIFT - Shift
SNGLS - Singular DTV

[Raja_MBZ]

Received this e-mail today; it seems like Bittrex is working on something new:



These credits are going to be adjusted in the trade fee. I've got $25 worth of free credits (2500 credits); so it makes 1 credit = 1 cent. Going to try this out and let y'all know my experience!

After credits, we may be getting another exciting feature. I just logged in at Bittrex and found this new notification:

[JollyGood]

Received this e-mail today; it seems like Bittrex is working on something new:


These credits are going to be adjusted in the trade fee. I've got $25 worth of free credits (2500 credits); so it makes 1 credit = 1 cent. Going to try this out and let y'all know my experience!

After credits, we may be getting another exciting feature. I just logged in at Bittrex and found this new notification:

How are the credits coming along? Did you spend any?

I can say that for the one or two regular posters in this thread complaining, Bittrex does have a good reputation and seem to be innovating as with their credits feature.

[Raja_MBZ]

Received this e-mail today; it seems like Bittrex is working on something new:


These credits are going to be adjusted in the trade fee. I've got $25 worth of free credits (2500 credits); so it makes 1 credit = 1 cent. Going to try this out and let y'all know my experience!

After credits, we may be getting another exciting feature. I just logged in at Bittrex and found this new notification:

How are the credits coming along? Did you spend any?

Yes! It seems like you accidentally skipped one of my posts:

I decided to trade a few ADA for BTC at Bittrex to check this feature out; I traded 4080 ADA for BTC at the rate of 465 satoshis/ADA, and this is how it all went:





It all went smoothly. I traded without any trading fee (due to adjustment of these credits).

At the rate of $8100 per BTC, 0.00004743 BTC equals 38 cents. So it seems like 1 credit = 1 cent.

[OmegaStarScream]

I just received a third notice email and I thought about sharing this for people who might have missed it. You have 3 days left (11th October) before the following coins get removed: BITS, BSD, COVAL, VRM, XMG so you should withdraw them, otherwise, you'll have to pay a fee for Bittrex to retrieve them for you.

[nydiacaskey01]

I just received a third notice email and I thought about sharing this for people who might have missed it. You have 3 days left (11th October) before the following coins get removed: BITS, BSD, COVAL, VRM, XMG so you should withdraw them, otherwise, you'll have to pay a fee for Bittrex to retrieve them for you.

That's odd, I didn't get such notification in my inbox. Is it because I don't have any of those that is scheduled to be removed thats why I don't get the notice or its because I didn't request to receive such updates and notices. Its sad that COVAL or Circuits of Value is also included in the coins that will will be removed in Bittrex. COVAL use to perform well.

[JollyGood]

I just received a third notice email and I thought about sharing this for people who might have missed it. You have 3 days left (11th October) before the following coins get removed: BITS, BSD, COVAL, VRM, XMG so you should withdraw them, otherwise, you'll have to pay a fee for Bittrex to retrieve them for you.

Some exchanges just pull a fast one and give next to nothing in notice before removing coins and asking users to withdraw them. If Bittrex has sent 3 emails to users then it shows most of the nonsense a couple of users are posting here about Bittrex being a scam and it not to be trusted are false.

Sounds like a trustworthy exchange to me if they are notifying their users well in advance about up coming changes.

Yes! It seems like you accidentally skipped one of my posts:

I decided to trade a few ADA for BTC at Bittrex to check this feature out; I traded 4080 ADA for BTC at the rate of 465 satoshis/ADA, and this is how it all went:

It all went smoothly. I traded without any trading fee (due to adjustment of these credits).

At the rate of $8100 per BTC, 0.00004743 BTC equals 38 cents. So it seems like 1 credit = 1 cent.

Sorry, I did miss it.

Well that credit feature is another reason that shows clearly well beyond doubt that Bittrex is a bonafide project.

It has been operating since 2014 without any real complaints so why are a couple of users bad-mouthing it?: https://bittrex.zendesk.com/hc/en-us/articles/115003684411

[Murat]

Sounds like a trustworthy exchange to me if they are notifying their users well in advance about up coming changes.

Bittrex trying hard to recover its reputation. They lost the No 1 position while ago because of the messed up created by their team. Check out the Trust summary & reference link for richiela. These users know the forum and left feedback. There are thousand of Bittrex users who maybe don't know about Bitcointalk & still complaining about  Bittrex on Twitter Reddit & other social media platforms.

Even I was about to lose .04BTC because suddenly they blocked withdraw without KYC. Imagine You're using Bittrex for years and all of a sudden they locked your funds and never returns your money along with no replies from Support. Why they are providing good services to customers now? Because they have lost over 80% of customers to Binance. They won't exist if they keep doing horrible judgments with users.

[stadus]

Sounds like a trustworthy exchange to me if they are notifying their users well in advance about up coming changes.

Bittrex trying hard to recover its reputation. They lost the No 1 position while ago because of the messed up created by their team. Check out the Trust summary & reference link for richiela. These users know the forum and left feedback. There are thousand of Bittrex users who maybe don't know about Bitcointalk & still complaining about  Bittrex on Twitter Reddit & other social media platforms.

Even I was about to lose .04BTC because suddenly they blocked withdraw without KYC. Imagine You're using Bittrex for years and all of a sudden they locked your funds and never returns your money along with no replies from Support. Why they are providing good services to customers now? Because they have lost over 80% of customers to Binance. They won't exist if they keep doing horrible judgments with users.

I am not aware of that, thanks for that info, all the while I thought they are a reputable site because I never face any problem with them for years of using the site. Maybe I was just lucky that I didn't store money in the site, I am just using them for quick trading and withdraw right away.
They do require the KYC and so I comply and until now I'm still confident with the site, however in terms of ranking, I think it's hard for them to get back to the top position, Binance already have been very consistent with their volume.

[JollyGood]

Sounds like a trustworthy exchange to me if they are notifying their users well in advance about up coming changes.

Bittrex trying hard to recover its reputation. They lost the No 1 position while ago because of the messed up created by their team. Check out the Trust summary & reference link for richiela. These users know the forum and left feedback. There are thousand of Bittrex users who maybe don't know about Bitcointalk & still complaining about  Bittrex on Twitter Reddit & other social media platforms.

Even I was about to lose .04BTC because suddenly they blocked withdraw without KYC. Imagine You're using Bittrex for years and all of a sudden they locked your funds and never returns your money along with no replies from Support. Why they are providing good services to customers now? Because they have lost over 80% of customers to Binance. They won't exist if they keep doing horrible judgments with users.

I read some of the posts related to 2017. I had no idea Bittrex has so many issues. To be honest I am surprised.

Have there been any issues in recent times, say going back to the previous 12 months?

[Murat]

Have there been any issues in recent times, say going back to the previous 12 months?

Recent issues with Bittrex are Two Types.

IEO: They listed IEO's Which had bad reputation in the past. But the team members from the IEO's are too close to Bittrex Core Team Members. Such a bad price & all the Team members from these IEO projects dumped their bags and as a result, Bittrex lost more customers. If you check Bittrex has only a few Coins that have a volume over 100BTC.This indicates that Bittrex is falling so hard. Bittrex is the only exchange none of their IEO's were successful.

Token Listing: Token listing policy of Bittrex changed a lot. If you have a good whitepaper and a team with lot of money and connection with Bittex CEO You can list your tokens easily. In the past, we saw Bittrex listing policy was great. That caused them losing customers as well.

Though I know that we're in a bear market as well. IEO's price 40% down in the first hour is fishy. 

[Raja_MBZ]

Sounds like a trustworthy exchange to me if they are notifying their users well in advance about up coming changes.

Bittrex trying hard to recover its reputation. They lost the No 1 position while ago because of the messed up created by their team. Check out the Trust summary & reference link for richiela. These users know the forum and left feedback. There are thousand of Bittrex users who maybe don't know about Bitcointalk & still complaining about  Bittrex on Twitter Reddit & other social media platforms.

Even I was about to lose .04BTC because suddenly they blocked withdraw without KYC. Imagine You're using Bittrex for years and all of a sudden they locked your funds and never returns your money along with no replies from Support. Why they are providing good services to customers now? Because they have lost over 80% of customers to Binance. They won't exist if they keep doing horrible judgments with users.

I read some of the posts related to 2017. I had no idea Bittrex has so many issues. To be honest I am surprised.

Have there been any issues in recent times, say going back to the previous 12 months?

That unexpected KYC requirement was the major reason for Bittrex's downfall; they didn't alarm before going for the enforcement of KYC. Only those who proceeded with the KYC and provided all the required information were able to continue using their services.

I just received a third notice email and I thought about sharing this for people who might have missed it. You have 3 days left (11th October) before the following coins get removed: BITS, BSD, COVAL, VRM, XMG so you should withdraw them, otherwise, you'll have to pay a fee for Bittrex to retrieve them for you.

That's odd, I didn't get such notification in my inbox. Is it because I don't have any of those that is scheduled to be removed thats why I don't get the notice or its because I didn't request to receive such updates and notices. Its sad that COVAL or Circuits of Value is also included in the coins that will will be removed in Bittrex. COVAL use to perform well.

I didn't receive any such e-mail/notice either.