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What is Bittrex?
Bittrex is one of the leading cryptocurrency exchanges in the world, and it has a tremendous trading volume.
As of now, Bittrex has the largest 24-hour trading volume right after Bitfinex and Bithumb.
Bittrex is well known for its high level of security. There are several cases where many popular cryptocurrency exchanges were hacked, but the Almighty Bittrex has never suffered such.
That is never a coincidence because ever since Bittrex was launched in 2014, the CEO Bill Shihara has always been keen on creating one of the most secure trading platforms in the world, and that is the main key to the high level of security you find in Bittrex today.
It would interest you to know that Shihara has spent several years in building security for the Blackberry operating system and the Amazon platform, and it would be an understatement to say the CEO himself is well versed in security.
Another thing that distinguishes Bittrex from others is the speed at which verifications and withdrawals can be made. Trade fees are furthermore capped at 0.25%, making it a very affordable option for traders.
Finally, Bittrex also has a huge variety of altcoins and tokens listed on its platform.
How to start trading on Bittrex
Bittrex only accepts Bitcoin or Ether tokens, it doesn’t accept deposits made with fiat money, meaning that you must have some Bitcoin or Ether tokens to get started.
There are some other exchanges that allow for money deposits, so contact them, or better still purchase some BTC tokens using the Local Bitcoin.
Sign up for Bittrex
Upon doing that, you can proceed to the official Bittrex website and create an account with them. The registration process will require your name, email, and enable two-factor authentication. So get prepared.
Verify your identity
The next step after signing up is to verify your identity. You can do this by providing Bittrex with some of your personal details and a copy of your ID.
Why should you verify your account? This is an extra security measure by Bittrex to prevent your account from abuse. Unverified accounts are limited, as they can only withdraw 3 BTC/day, unlike verified accounts that can withdraw 100 BTC/day.
How to deposit money on Bittrex
Making a deposit on Bittrex is quite easy. Just log in to your account click on ‘Wallets’ in the upper right-hand corner, and find the appropriate wallet (ie. BTC or ETH).
Click on the green arrow next to the wallet and generate a new address. Send the coins to the address, and they’ll be credited in a jiffy.
Choosing a market on Bittrex
Since you now have an account and tokens to trade with, choosing a market is the next thing.
You have three markets to choose from, and they include Bitcoin, Ethereum, and USDT. Go to the Bitcoin market if you deposited Bitcoin.
Creating orders on Bittrex
Finished choosing a market? It’s time to place an order! You have a variety of options to make, such as the number of units (tokens) you want to buy, the price you intend paying per unit, and whether or not you want to create a Limit or Conditional order.
With limited orders, you will only buy the selected token if it’s equal to or lower than the price you intended paying for it.
Conditional orders are specifically designed for more advanced users and are only integrated into the order book once certain conditions are met.
Happy trading!
Platform Review – Bits Blockchain
Bits Blockchain – Despite being very new exchange platform that was founded in 2017, Chinese Bits Blockchain attracted big user base all over the globe providing trade and transaction services. Also even if it is Chine based platform it welcomes all investors including investors from United States, so it may become you final destination if you are searching for platform to trade.
What is Bits Blockchain?
Platform is founded not in mainland China but in Macau where regulations differ, so it allows to platform to grow fast an enter top 30 exchange platforms on daily trading volume in such short time. It gained its users by accepting both coin and normal money trade, platform accepts USD and EUR making it much easier for people who are just starting trading.
What can you trade on Bits Blockchain?
Platform has its own token called ATM Coin, this token was created by managing company of Bits Blockchain. The estimated overall cash value of ATM will reach 2.3 billion USD if prices of tokens will rise to the 10 USD limit. Except its own token, platform also allows trading of many popular coins like Bitcoin and Ethereum and some altcoins like Ripple, Litecoin and Dogecoin.
How safe is Bits Blockchain?
Security is always the main point when subject is money transactions and even most advanced cryptocurrency platforms can nit guaranty you funds will be secure due to rising hacker attacks. So safety of users wallet is always up to them, users should consider to take all necessary steps to secure their accounts and play by rules of their exchange platforms. To create account on Bits Blockchain only email is needed however platform provides three step validation, which makes it more safer tham any two step verified platforms. Exchange platform provides a cryptowallet service so it is in users interest to use those multistep authentications.Bits Blockchain uses SSL approved website and its security rated by Mozila as D- which is average among exchanges and enough to be considered trustworthy, reliable and dependable.
What are the fees on Bits Blockchain?
As always in choosing trading platform to sell or buy cryptocurrencies the commission fees are one of the most important criteria to think about. The trade commission is charged on both seller and buyer on same rate of 0.5%, it involves both coin to coin and coin to money trade. Users of this platform should considers its benefits and compare it with other platforms since charges are higher that market average of 0.25%. On the other hand Bits Blockchain offers much attractive withdrawal rates of 0.005 ETH, 0.004 BTC, 1 percent ATMC and it is considered lower that market average and makes platform better compared to other exchanges.
How safe is Bits Blockchain?
TSecurity is always the main point when subject is money transactions and even most advanced cryptocurrency platforms can nit guaranty you funds will be secure due to rising hacker attacks. So safety of users wallet is always up to them, users should consider to take all necessary steps to secure their accounts and play by rules of their exchange platforms. To create account on Bits Blockchain only email is needed however platform provides three step validation, which makes it more safer tham any two step verified platforms. Exchange platform provides a cryptowallet service so it is in users interest to use those multistep authentications.Bits Blockchain uses SSL approved website and its security rated by Mozila as D- which is average among exchanges and enough to be considered trustworthy, reliable and dependable.
1xbit.com is one of the fastest growing cryptocurrency gambling platforms in the world. It offers a wide range of betting options and some of the highest odds on sporting events in the market.
Other than this, 1xbit has a wide selection of casual and casino games including provably fair games and different genres of in-house games.
1xbit Products
1xbit went ahead and developed unique betting software, something most online gaming and gambling platforms rarely bother to do.
Players can use the software for playing casino games from some of the top gaming solutions providers and place sports bets. The key features of the 1xbit software include
- More than 50 types of sports including Gaelic football, greyhound racing, darts, virtual sports, eSports and more
- Support for pre-match and live bets for both advanced and casual players, betting exchange, and betting constructor
- Live dealers with a variety of games such as blackjack, roulette, baccarat, and more
- A mobile website and smartphone apps available on the iOS and Android app stores
- Informative graphic simulators or video streams for most of the live events
- Over 100 slot-games providers that allow users to play up to 4 games simultaneously
- A casino table and interface for ForEx and financial bets
- Over 90 self-developed casual games.
1xbit customers using the software can play directly on the website using the currencies mentioned above. Besides this, 1xbit.com do not have deposit or withdrawal fees.
Worldwide Reach
Bonuses
The 1xbit website is currently available in over 50 languages. More so, 1xbit.com offers email support and 24/7 live chat on the website for a majority of the languages.
1xbit offers a fair bonus program with impressively high and fair bonuses that are guided by easy to understand rules. With that said, the bonuses do not restrict the players’ accounts in any way. There are two categories of bonuses to choose from
- 100% bonus on your first deposit – To receive this bonus, you must first create a 1xbit.com account and deposit at least 5 mBTC to get the bonus, and it is credited to your account instantly
- Unlimited cash back – 1xbit.com awards bonus points for placing wagers irrespective of whether you have won or lost the bet. The bonus points are credited automatically to your account after placing the bet.
Advancebet
The advance bet is offered after the evaluation of the potential gains from your unsettled bets. Therefore, if you have on-going bets and the potential winnings of your bets are larger than what you have, you can place an Advancebet.
Currencies
One of 1xbit.com’s most acclaimed feature is the multi-currency betting and payment account. The accepted currencies include Litecoin, Bitcoin, ZCash, Bytecoin, Ethereum Classic, Dogecoin, Stratis, Bitcoin Gold, Sibcoin, BitShares, Digibyte, Verge, Monero, QTUM, Tron, Ripple, GameCredits, Dash, and NEM.
Accumulator of the Day
This feature automatically increases your odds by 10% from the regular odds listed on the website. However, using the accumulator of the day makes you ineligible for Advancebet.
Conclusion
1xbit is revolutionising the online cryptocurrency gaming industry. Create a 1xbit account today and experience a new world of sports betting as well as casino and casual games.
Platform Review – Bitstamp
Bitstamp had become one of the biggest crypto exchange platforms since 2011 when it was founded, by growing first domestically and to other regions. It has users all over the world who buy and sell different types of cryptocurrencies both with real money or coins.
Introduction to Bitstamp
Users need to open up an account on Bitstamp to be able to trade coins on the platform. To do that users have to follow to the main page of the platform and go to Produce section. Bitstamp requires two-step verification to ensure the security of accounts for all users. Similar to other significant exchange platforms Bitstamp validates each account and only after official verification user will be able to manage transactions.
One of the main reasons for the rapid growth of Bitstamp was the function of supporting real money and coins since it made all transactions much easier. The exchange platform accepts most popular currencies and supports most used coins like USD and EURO as well as Bitcoin, Ripple and Ethereum.
Depositing Options
Bitstamp makes everything to make entry to the platform as convenient as possible; it provides many different types of deposit methods. Namely, platform accepts debit and credit cards, bank and wire transfers as well as crypto coin transfers from different wallets.
Commissions on Bitstamp
Much like most of the other exchanges, Bitstamp produces its earnings from the fees it charges its consumers. The larger your trading volume is, the more you will save on paying fees. A few of the fees offered on this exchange include.
Bitstamps profit model is very similar to business models of other platforms; they generate revenue out of commission fees they charge users. As in classic commission system as larger your transactions as less you pay a fee. Platform charges fees on the following steps:
Trading Commissions
The platform allows transactions with the value of at least 5 USD. Users new to the platform or those who have low monthly transactions pay the highest percentage commission fee on a platform which is 0.25%. Commission fee does decrease with the increase in monthly trade value, and the least point is 0.1% for monthly transactions over 20 million USD.
Deposit and Withdrawal Commissions
Depositing on the platform starts at 7.5 USD and more. Users can deposit from a credit card with 5% commission fee and from wire deposit with 0.05% commission fee. If users deposit with coins or SEPA from any other wallet, they will not be charged any fee.
Withdrawals on platforms start with the least amount of 50 USD, and rate for withdrawal to the card is 10 USD for withdrawals under 1,000 USD and 2% for more than 1,000 USD. Other charged options are SEPA withdrawals with 0.9 EUR and for wire 0.09%. Similar to depositing cryptocurrency withdrawals to any other wallet are not charged.
Security Measures
Some countries like Canada and South Korea are trying to become the crypto capitals of the world by providing more secure crypto industry, similarly, most exchange platforms are following the same path. As mentioned before platform requires two-step validation and official approval of the platform to accept a new user. That makes Bitstamp one of the most reliable and secure platforms for coin transactions.
Review Recap
The exchange is among the most dependable cryptocurrency exchanges, especially amongst experienced crypto traders. Provided the widespread availability of the exchange internationally, it assists in the trading of various coins in lots of areas. When you wish to handle an exchange that has been around for long and has preserved great credibility, you must go no even more.
Shortly if you are looking for a trust-worthy, reliable platform with lots of different coins, look no more because Bitstamp is one of the oldest platforms with huge international user base giving a very wide range of traded coin types. Also, this platform is preferred by more experienced professional traders with big transaction values.