Opinions about Bittrex Global

With Bittrex Global you can invest in cryptocurrencies or in dollars or in bitcoins. If you have come here to find out if it is a scam, we can say that after our analysis and in our opinion it is not at all. We are talking about an American company, with a long history that endorses it as a safe place to invest.

In this review we will talk about the security aspects, but also about the offer of this platform, how its website is, if it has mobile apps and the quality of other complementary aspects such as customer service and payment methods.

Our experience

The offer of this company stands out for the great diversity of cryptocurrency pairs available, since it is really very wide. If you are an expert hunter of opportunities in this world, it is most likely that Bittrex Global is a must-have platform since it is one of the ones that gives you the most options.

The website is in English and, at the moment, there are no glimpses that make us intuit that it will be in New Zealand. However, it is well organized and allows investing with ease.

As for security, it is a company that meets the usual basic levels of these platforms that allow investing in cryptocurrency pairs. It is not an aspect that has impressed us, but we cannot say that it is bad or poor at all and, of course, there is no indication to think that it could be a scam.

Is Bittrex Global a scam?

There have been some scam accusations related to this company, but we have already advanced that Bittrex Global is not a scam. It is a company registered in the USA that complies with the regulations of this country and this is mainly the problem. To behave legally in the US, the company must ensure the identity of the customers, which entails the popular “know your customer” method by which they will ask you to send them some documents such as the identity card to verify your identity and address. The problem is that with the explosion of the popularity of cryptocurrencies, the company's staff was out of date, and many customers saw that they had entered money, but it did not just appear in their accounts. The answer is simple, in order for it to do so, they had to wait for an agent to verify their data.

We don't want this to serve as an excuse for the company, but we can't expect a business to be prepared for such exponential growth as bitcoin. Even when hiring new agents, they must be trained and will not be perfectly qualified until they have a few months of experience on the job.

So in this aspect, peace of mind and patience, because the company has not kept anyone's money, it has simply been slower than normal with the procedures.

According to them, security is a key factor in their business, a statement with which we fully agree. However, we have not seen any security measures that differ from competitors either. Something that does not surprise us too much either because in this world, all serious companies try to be up to date and implement security measures as quickly as possible.

In any case and according to our own experience comparing with others , this platform is by no means a scam and allows you to invest safely as long as you maintain a few security measures such as having a different and exclusive password for the platform, activating the two-step authentication factor and never giving your password or authentication codes even if someone on behalf of the company asks you to. Mainly because no one from the company is ever going to ask you for it, so chances are that if they make this type of request to you, you have been contacted by a scammer.

Bittrex Global Promotions

Following the usual practice of the cryptocurrency pairs investment sector, this company does not have welcome or regular promotions. In general, these are serious companies that compete in a very difficult market, so their prices are already so adjusted to beat the competition and they usually do not have room to make promotions.

Trading cryptocurrencies on Bittrex Global

To trade on Bittrex Gobal you have to register, which you can do for free, deposit money into your account and that's it. You will have access to more than 190 cryptocurrency pairs.

The investment interface has seemed quite complete to us, with graphs that allow you to check more than 30 indicators superimposed on the trend, which allows you to make quite complete analyzes. However, we can put a but and that is that the time they allow to analyze only offers a maximum of about 15 days, which for those who want to trade in a little more general trends and avoid intraday, may not be enough.

Also useful is the information in the Order Book where you can see the prices and volumes that are being offered now in the market to place orders that are closed automatically or to analyze the strength that buyers and sellers have.

With the commission they have not complicated their lives. The 0.25% that is what most platforms charge and that's it. They do not offer a volume discount. Although realistically, companies that offer lower commissions per volume, usually ask for such a high trading volume, that most potential investors who can read this review would not have access to them in any way. So if you are one of the few who have the option to make investments of several million dollars, we are sure that by contacting the platform's customer service you will be able to negotiate a little more advantageous commissions.

Payment methods

To enter the money on the platform, you need to log in and click on wallets at the top right of the screen. There you select the cryptocurrency that interests you and if you have not done so before, click on the plus symbol “+” to generate an address of a wallet in that currency.

Depending on the currency you are going to use, it may have special conditions that usually boil down to a minimum deposit amount and a small message that must be attached to the transaction so that they identify that payment with your account on the platform. Of course, the process is explained in detail in each coin.

It is very important that you send the coins to the wallet of those coins. It is very common for a user to try, for example, to send bitcoin to an ethereum wallet. If you do this you could lose your money. In some cases the platform may try to manage the recovery of the money, with a fee of 0.1 BTC and for deposits whose value exceeds $ 5,000, but they may not get it and it is not really their job. Your responsibility is to send the money the right way.

Transactions are encrypted and secure. But this implies certain comforts such as that they are not instantaneous. Depending on the currency, you will have to wait for a certain number of confirmations on the blockchain.

Safety and regulations

The regulations affecting this company are the American ones. If any problem arises, it will be the court of the Western District of Washington who has the responsibility to solve it, so the international, national and state laws that correspond to that place apply.

They apply the typical SSL encryption that is common practice in these cases and you can activate the authentication process in two steps, to make sure that no one accesses your account. As an extra security measure, they recommend using a strong password on the platform and that it is unique to it. Password, which of course you should not give to anyone, ever.

Customer service

The customer service has presented the usual problems. The large volume of new users wanting to buy bitcoin made them feel overwhelmed and the solution times for questions and complaints were too long. It is to be hoped that little by little the company will adapt to the new reality and things will improve.

At the moment this service is offered only in English and through a contact form or by email, the possibility of talking to them by phone or via live chat is not available. For general questions, you can contact them by Twitter and Facebook.

The help section deserves a special mention, where you can find a lot of information about a lot of aspects. Undoubtedly, it is worth trying to find a solution to your problem there, before going to the support service.

Functionality of the website

The website is good, with a current design in which on the main page they give you some basic information as you go down the web. The main menu is at the top and below there is another menu with links to information pages.

All the contents are in English, which is common practice in these companies. In general, nothing to criticize in this section, since the investment itself is simple and finding the available information is intuitive so that anyone who has basic English can do it.

Mobile application

Bittrex Global does not offer any information about official mobile apps so we do not recommend that you download any of those that appear by searching for the name of this website. In principle there should be no problems, but it is better to avoid anything that is not official.

Finding

A good platform to invest in cryptocurrencies with a large number of available pairs that will allow you to find the most popular and many of the most exotic.

Regarding security, the company does not generate doubts, our opinion is that it is not a scam and that there is no need to fear frauds with them. We do recommend to be careful about the password, not to give it to anyone, make it unique, etc., and configure the account to use the two-step authentication system.

The user reviews are generally good, although there have been complaints due to the slow times of the verification process and the answers of the support service. However, things are normalizing and we are sure that this will improve.

Therefore, although you may need some patience, it is a very good option to have access to more than 190 pairs. If you are serious about cryptocurrency trading, you should have an account here because it will offer you many more opportunities than most of its competitors.