Challenge #3 | The best exchange |Bittrex | Part 1

Based in Seattle, USA, Bittrex trading platform bittrex is one of the largest online cryptocurrency trading platforms.

Often making its way to the world's largest trading platforms based on volume, bittrex trading platform has been operating since 2014 and is currently considered a 24-hour trading volume of more than $30 million.

The site has a good reputation and so far, and no breaches have been reported so far, and bittrex trading platform sees itself as an experimental trading platform for the next generation, aiming to provide the fastest and safest trading service.

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Who founded bittrex trading platform?

The trading platform Bittrex was initiated by co-founder and CEO Bill Shihara, who relied on his experience as a security engineer at Amazon and Blackberry at the time of the stock exchange, shihara's motivation behind the establishment of the platform was those security breaches and reliability issues faced by trading platforms with users and wanted to provide a much more reliable service, the Bittrex trading platform includes an excellent team of more than 50 years of security and development experience from companies including Microsoft and Amazon. And Qualys and BlackBerry.

How does bittrex trading platform appear?

Bittrex trading platform has begun implementing a number of features and practices to help it outpace its competitors, including:

Secure platform

The team behind the Bittrex x trading platform prides itself on providing a secure platform and using the most secure and reliable security technologies available, including the simultaneous use of a multi-stage and flexible portfolio strategy that ensures that 80-90% of the funds are stored offline and kept secure, in addition to the need for 2FA authentication for all withdrawals and the use of the API.

In addition, Bittrex is based in Seattle, USA, and is therefore monitored by anti-money laundering programs in the United States.

- Note: Binary authentication means that the user must provide two types of information before the transaction is made, the first type is entering a password and the second is a code that is sent to the user's mobile phone.

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A dedicated trading engine

Bittrex trading platform is designed to be scalable using flexible computing, and as a result it is able to process and execute orders as soon as they are placed, this does not eliminate system books via or any delay in processing trades.

Quick clouds

The system is designed to allow rapid processing of transactions via an automated monitoring platform, allowing faster transactions and also allowing for quick updates to balances, trading and portfolio information, in the Bittrex trading platform basic information is constantly updated.

Customer support

As one of the largest forex markets in the world, these sites often face a large number of support tickets that can put pressure on resources, yet the bittrex trading platform generally handles communication well and runs a dedicated support page in addition to being very active on social networks.

Accessibility

The Bittrex trading platform provides quick access to a large number of cryptocurrency transactions in addition to a high volume of trading, there are hundreds of digital currencies on the site and customers can easily trade the equivalent of 1 Bitcoin per day with an unverified account, and can trade up to 2 bitcoins per day using a basic account provided that binary authentication 2FA is enabled.

Transparent fees

The trading fee is 0.25% on the Bittrex trading platform on all trades and this allows clients to easily calculate the accumulated fees on any trade.

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