How safe is bittrex ?

[buwaytress]

If you have not verified, and have no intention of verifying, expect to never see those coins again, Bittrex have stolen from me, holding my coins ransom until such time I legitamise a terrorist organisation masquerading as guberment, by begging them for some ID to share with those extortionists, which will never happen...

And they are ignoring my support tickets for over a week now...

Not wise depositing with them, if you have no ID and or wish to remain anonymous...

This is probably the best advice to start off with on any centralised exchange. In fact, only start depositing when you've achieved the highest possible verification. Firstly, you'll be somewhat safer from sudden account blockings (which they seem to frequently do to unverified or basic accounts), secondly, they will prioritise your support requests (and don't think you'll never need to open a support ticket).

I'm a Bittrex user, along with a couple of other similarly big exchanges, simply for the volume and opportunity to easily access alts.

But never believe for a moment your funds are safe there. If you don't want to use them to trade, withdraw and keep in your own wallet. Whatever funds I have on exchanges I am ready to lose - I've been lucky so far, but it's really only a matter of time before even the most reputable exchanges screw you over. Just Google Coinbase, the biggest and most reputable of them all. See how even the big "crypto personalities" are threatening action against them.

And yeah, Mt. Gox. Even angel investors weren't safe when they shuttered.

[1715214442]

1715214442

[danniwide1234]

Bittrex like most other exchange have some security features Like enhanced verification and 2FA verification which are tools use to add some extra layer of security to your account. However, even with features like this hackers have been able to find a way round it. It is therefore not uncommon that many exchanges include bittrex have been hacked in the past because of the large fund available in exchanges. I will therefore advice you not to use any exchanges including bittrex as a means of storage in the long term . It is better you limit it to a trading platform and a means of storage in the short term.

[LordTricky]

Hi guys , i have a lot of digibyte on my bittrex account but is it safe ? how big is the chance that i lost it ?

If you have not verified, and have no intention of verifying, expect to never see those coins again, Bittrex have stolen from me, holding my coins ransom until such time I legitamise a terrorist organisation masquerading as guberment, by begging them for some ID to share with those extortionists, which will never happen...

And they are ignoring my support tickets for over a week now...

Not wise depositing with them, if you have no ID and or wish to remain anonymous...

This is why I never gave a single exchange my ID. Back when I still bothered with trading, you could go to any exchange and trade altcoin to altcoin back and forth without any sort of information, the withdraw was small but enough to get some altcoins that I was interested win without giving my dox to some exchange controlled by god knows who.

Poloniex used to be like this too, and suddenly now it seems you need full verification for crypto to crypto too.

Luckily I got my funds out of these exchanges before these policies got put in place.

Now if I want to trade and get some altcoin, im forced to either do a full verification or use some of these low volume shitcoin exchanges that still don't require verification.

I will never feel safe giving my ID to crypto exchanges, so get your coins out into a wallet, and hold them until you want to convert them into something else. Everything else is a needless gamble.

+1 very well said. I only have bittrex left to clear out, they are only holding about 600 dollars to ransom, so its not too much of a big deal, but its the fact that it is my money that is annoying me.

[BTG-BTC]

For the long term the best thing is to never store something on the exchanges, even if they are reliable have not sheltered a hack

[GoodLuck2]

Hi guys , i have a lot of digibyte on my bittrex account but is it safe ? how big is the chance that i lost it ?

Amongst all the trading exchanges which are there in the present word, the most secure and the most trustworthy trading exchange is none other than that of bittrex. It is being used by so many number of people who are there in the world of crypto currency and above all, it is the most reputed trading exchange. There is no such risk of losing even a single coin of yours if you have bittrex account.

[rapidleech]

It is shittrex! complete fraud system that scammed thousands users include me!

just! just look at the CEO feedbacks in their ANN topic:
https://bitcointalk.org/index.php?topic=463202.0

They just disabled thousands of account since 3 month AGO and there no any announcement regard those accounts or any response to tickets

[martinadoulet]

I've just had the absolute worst experience with Bittrex. The money just disappeared from my account. They say my account must have been hacked (but offer no proof) and will not take any responsibility.

I wish I had known better.

[sandra_x]

Bittrex is an exchange with a good reputation, they may not steal your coins but there is a chance hackers can AND they may not reimburse you should they get hacked. Never leave your money in an exchange, withdraw and keep in a wallet you hold the private keys. You can get a hardware wallet for less than 100 bucks.

[klaaas]

Bittrex is an exchange with a good reputation, they may not steal your coins but there is a chance hackers can AND they may not reimburse you should they get hacked. Never leave your money in an exchange, withdraw and keep in a wallet you hold the private keys. You can get a hardware wallet for less than 100 bucks.

Even a paper wallet will do in this case ; )

Last few months im hearing more and more kyc verification requests falling out of the blue for users from bittrex, Keep it in mind.

[FIFA worldcup]

Bittrex like most other exchange have some security features Like enhanced verification and 2FA verification which are tools use to add some extra layer of security to your account. However, even with features like this hackers have been able to find a way round it. It is therefore not uncommon that many exchanges include bittrex have been hacked in the past because of the large fund available in exchanges. I will therefore advice you not to use any exchanges including bittrex as a means of storage in the long term . It is better you limit it to a trading platform and a means of storage in the short term.

Bittrex is one of the reputable exchange and I think you can call it the 2nd best exchange after Binance. Recently there was a fud that Bittrex is disabling accounts which contain big balances without any reason. So we cannot say that any exchange is 100% safe. The best way to keep our funds save is to deposit them on our personal wallets and do not keep them on exchanges.