Bittrex exchange started out lots of trading options, particularly Bitcoin and other coins like Doge, Ethereum, Litecoin, and other early coins and did not require users to register using identification.
For two years traders could make trades using only a verified email address until Bittrex changed from their old exchange to their new branded layout “Bittrex Global.” With the new layout, the focus of the exchange is to provide more robust trading, as well as more client care through dedicated KYC (Know-Your-Client) services.
Since it’s inception and growth during 2015, 2016, and 2017, Bittrex was often one of the highest-market volume exchanges where millions of dollars in trades would take place. When considering all you should know about Bittrex, you can ensure that Bittrex is now taking steps to become one of the most regulated exchanges, being part of the “Blockchain Act” as mentioned on their website, “Bittrex Global is based in Liechtenstein, placing it at the heart of Europe’s financial system. We operate within the framework of the proposed Transaction Systems Based on Trustworthy Technologies Act (“The Blockchain Act”), a pioneering regulatory system currently awaiting approval.”
This proves that Bittrex Global is working towards being around for the evolution and development of exchanges as they move forward into the future. When Bittrex Global rebranded themselves, they shifted their focus from smaller, individual traders, to higher volume institutional traders, making millions of dollars in volume.
Trading fees are competitive with other exchanges, where the price is .25% per trade, making the exchange a very profitable business. When understanding all you should know about Bittrex Exchange, you will see that they are now very compliance driven to ensure that they maintain a good reputation and strong profile amongst regulators.
As the future of bitcoin and altcoin trading becomes increasingly monitored, it is necessary for exchanges to maintain trading records and identification of clients for taxation and monitoring purposes. The blockchain is still relatively new (less than 10 years old), and has impacted the world in ways that have not yet been fully realized.
All you should know about Bittrex Exchange can be found when registering an account for free and navigating through the trading markets so you can see what the popular coins are. Deposits and withdrawals are only able to be performed after the KYC has been completed, so be ready to submit your ID for verification. Once verified, you can begin your trading experience with one of the longest-standing exchanges, knowing that Bittrex plans to continue to be a top player among the Bitcoin and Altcoin exchanges.