Learn How to Trade on Bittrex! It is considered as one of the most popular and biggest cryptocurrency exchange. Currently, it holds the third position in 24-hour trading volume, which is right behind Bithumb and Bitfinex. In terms of security, Bittrex is considered as one of the most secured exchanges in the world.
Bittrex was launched in the year 2014 by co-founder and chief executive officer of the company Mr Bill Shihara. In this particular exchange, withdrawal and API, action requires 2-Factor authentication. One of the peculiar features of this exchange is its speed on withdrawing and verification, and it also provides 0.25 fee on free trade.
How to Trade On Bittrex :
Necessary Steps To start Trading On Bittrex:
- How to make an account
- Add fund to your Bittrex account.
- How to execute a single trade.
How to make an account on Bittrex :
- Firstly you have to visit the official website of bittrex.
- Now you have to select a login and then click sign up and enter your email id and select a password.
- After completing the previous step now, you have to check your email for a new message from Bittrex.
- In this step, you have to complete the verification of your account. Click on the setting and click primary checking to verify your phone number.
- Bittrex requires 2-factor authentication for its users where you click enable 2FA authentication and set it up.
- In the end, you have to enter the randomly generated google authentication number and type it on Bittrex.
How to add funds to your Bittrex:
To add fund in Bittrex account firstly you have to find an exchange that helps users to pick up a bitcoin with a credit card and debit card.
After that, you logged in to Bittrex you can select all the Bittrex account at the top of the main screen. Then you need to click the wallet.
Now you have to type the cryptocurrency you want to submit into the search box.
After that, you select your digital coin click on the “+” — which helps to activate pop button DEPOSIT BITCOIN (BTC).
Now Bittrex will generate a unique address for Bittrex wallet. Now you have to copy and paste that address.
Go to your external wallet and send your Bitcoin to the address you were given.
After doing this, you have to wait for a maximum 25 minutes to receive your specific number of blockchain corroboration your funds will be verified and ready to trade.
How to execute simple trading on Bittrex :
- Now, as a user, you are all set to begin the trade. But before this, you have to create API keys and configure your API keys and configure your Hopper.
- It helps users to trade on your behalf when you submit orders.
- After this, you have to go to setting then API keys and then and confirm all of them except withdrawal.
- As you have finished with the API keys, go to Hoppen address and select config.
- Now you have to select Bittrex and input your API keys and select your API secret key and then click Save.
- After doing this, you are all set to perform a standard transaction.
If you still don’t know how to trade on bittrex. Contact our Market Experts!
Trading in Bittrex
In this section, you can perform the trade more comfortably, and it allows users to place a limit on the orders which means the users are committed to purchasing the unit in the price you want to buy. Withdrawal is pretty much more comfortable in trading with Bittrex press the “-“ instead of the “+”, and you can select any number of units of which cryptocurrency you want to send to your external wallet. Enter your external wallet address, and you can instantly send to an external wallet.