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|Year of foundation||2014||2012|
|Languages||English, Russian, Chinese||Portuguese, German, French, Spanish, Italian, Dutch|
|Mobile app||iOS, Android||iOS, Android|
Registration and Verification
Registration will take you no more than 2 minutes, as the procedure is standard. You will need to specify your email, come up with a password and remember the referral code, which will be assigned to you during registration. The verification will require even more accurate data, but the procedure does not last long. You will also need to upload your photo.
The peculiarity of this site is that its services are not available to all countries, only 42. Registration is straightforward: you only need to specify the name and surname, enter your mailbox and come up with a password to enter. After confirming your email will need to verify your phone number by entering a password, which will come via SMS-notification. Then you will be able to start working.
Users praise Bittrex for transaction execution speed, a large number of available digital currencies, and the high turnover of altcoins. However, some users complain about withdrawal problems, difficulties with verification, and high commissions. The interface is simple but not the easiest; it takes time to understand it.
The trading interface is easy to adapt to, both for beginners and professionals. The primary language of the site is English. The process of converting cryptocurrencies is as streamlined as possible. Despite the small number of trading assets, the substantial trading volume will provide trouble-free execution of orders. A convenient chart represents the trading terminal with plenty of additional tools for technical analysis.
Trading Volumes and Traded Pairs
The trading volume of Bittrex is 19,637,933.0. There are 356 trading pairs available on the exchange. The exchange does not have the option to trade in pairs with fiat. Margin trading is not available.
Coinbase has a trading volume of 128,979,540.0. There are 78 trading pairs available on the exchange. The option to trade in pairs with fiat is not available on the exchange. Margin trading is not available. The exchange provides trading with not too many instruments: 8 cryptocurrencies and 1 stabelcoin. The exchange works with fiat currencies: U.S. dollar, British pound sterling, and euro.
All trades made within Bittrex.com are charged at 0.25%.
For cryptocurrencies BTC, ETH, and LTC, there is an opportunity to use leverage – 1 to 3. The trader will pay a floating commission from 0 to 0.30%, depending on the trading turnover.
Despite the unfinished verification procedure and not the best work of technical support, the safety of accounts is not questioned. Thus, in April 2016, the exchange was hacked. The accounts’ database was then stolen, but only those of them to which two-factor authentication was not connected was under threat. From DDoS attacks, the exchanger is protected as well. If you work with it, you will often have to confirm that you are not a bot and pass the captcha.
The site is considered one of the most reliable among cryptocurrency exchanges. All digital currency that Coinbase holds online is insured. The insurance policy covers any losses related to a breach of Coinbase’s physical security, cybersecurity or employee theft. When registering, the user is prompted to perform two-factor authorization right away. The site uses encryption using SSL protocols.
Pros and Cons
I have been studying cryptocurrency for over 5 years. I have accounts in every exchange and I test everything on myself.
I want this market to be more understandable for everyone.