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|Year of foundation||2014||2014|
|Languages||English, Portuguese, German, French, Spanish, Italian, Dutch||English, Russian, Chinese|
|Mobile app||iOS||iOS, Android|
Registration and Verification
To get an account on the platform, you need to open a registration form and fill in all the required fields. Next, you will need to activate your account. Immediately after the profile’s authorization, the system will offer to pass the light version of verification and confirm the cell phone number. This step can be skipped but is not recommended because by completing this requirement, you get the opportunity to enable two-step authentication, which significantly increases the security of your account. The full functionality of the platform is available only to verified users.
Registration is simple and straightforward and does not take longer than 5 minutes. For full work with the exchange requires mandatory verification. Otherwise, only the guest introductory mode is available. This is necessary to combat fraud, terrorist financing, money laundering, and other illegal cases, as well as it is one of the requirements of regulators in the United States. For verification, you will need basic data such as passport data and a photo.
Depositing and Withdrawing Funds
Withdrawing cryptocurrency funds is simple. In the menu’s withdrawal section with the desired cryptocurrency, you will need to specify the wallet address and confirm the operation. Deposit and withdrawal in fiat currency are carried out similarly in the same sections. US traders have the opportunity to make transfers to an account opened with an American bank or through the ACH system. Transactions in euros can be made through SEPA transfers.
Bittrex allows non-U.S. residents to deposit and withdraw funds in any available cryptocurrencies. But it would help if you were careful with this point because from time to time, the exchange can turn off the possibility of either only input of individual coins or full input and output. The minimum withdrawal amount on Bittrex must be three times the commission. For example, for Bitcoin, this amount is – .00150001 BTC. Bittrex has no limits on deposits.
Trading Volumes and Traded Pairs
Coinbase Pro trading volume is 165,289,949.0. The exchange has 44 trading pairs available. Fiat trading is not available at the exchange. Margin trading is not available.
The Bittrex trading volume is 19,637,933.0. The exchange has 356 trading pairs available. Fiat trading is not available on the exchange. Margin trading is not available.
Coinbase Pro offers significant commission discounts to marketplaces to attract activity. Coinbase Pro’s trading fees start at 0.5%, but it also gives commissions as low as 0%. The exchange offers the lowest commissions for users who invest millions of dollars, but regular investors can take advantage of mid-level discounts.
The first thing one always pays attention to is trading commissions for trades on the exchange. Compared to competitors, this exchange has relatively high starting commissions, but they become lower when you show a specific volume of transactions over 30 days. The possibility of free trading for market makers makes large traders consider Bittrex as their primary trading venue. Taker commissions are usually higher than competitors: the minimum commission is 0.08%.
Coinbase Pro does its best to provide users with a high level of security. The platform’s customers can take advantage of two-factor authentication, which involves linking to email and a mobile number, increasing the level of protection. The company provides customer support through both social media, email, and a hotline.
The founders of the exchange are very concerned about their clients’ safety, so they try to do everything possible to ensure that traders’ finances do not go to hackers and fraudsters. For this purpose, they use 2FA or two-factor authentication, Email confirmation, and IP verification.
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.