With the lure of trading a seemingly endless number of cryptocurrencies, you may be wondering what fees you can expect when trading on Bittrex. Similar to many other exchanges in the market, Bittrex uses a tiered fee structure which provides traders who execute significant volume a discount on their trading fee.

Starting at a base rate of 0.25% for both maker and taker, the fee quickly reduces to 0% for maker at $40M+ in trading volume, and 0.08% for taker at $60M+ in trading volume.

This scaled approach makes Bittrex ideal for both individuals and institutions.

Transfer Limits

Although it would be nice to withdraw however much you want from the Bittrex platform, unfortunately, this isn’t the case. Accounts that are unverified have a withdrawal limit of 1 BTC per day. Furthermore, accounts that have two-factor authentication enabled give you access to the basic level account, where your withdrawal limit rises to the equivalent of 3 BTC per day. And then we have the Enhanced account that allows you to withdraw up to 100 BTC per day.

Security

Two-Factor Authentication

Multi-layered security is becoming a prerequisite for exchanges nowadays, which is why Bittrex has integrated it into its platform. Security is one of their main concerns and they take it seriously, which is why they strongly encourage users to enable 2FA to further secure their account. As the platform has evolved, so has their security. With constant upgrades and testing, Bittrex remains ahead of the curve when it comes to security.

Storage & Security

Many people are cautious about where they store their digital currencies and rightly so. Cybercriminals have upped their game in the targeting of cryptocurrency exchanges, and unfortunately, a number of exchanges have fallen victim to these criminals. Millions have been stolen from exchange platforms in recent years, raising constant concern for users who hold funds on these exchanges.

Fortunately, Bittrex has some of the tightest security that you’ll come across, not to mention the two-factor authentication that I spoke about earlier on. To add an extra layer onto the Bittrex platform, they introduced something called IP Verification Procedure back in 2018. This means they require all users to approve each new IP address through an email confirmation, which happens every time you log in from a new IP address.

To add another layer of security on the Bittrex platform, they have introduced IP Whitelisting. By setting one or more whitelisted addresses, you are informing the platform to only authorize trades or withdrawals from those IP addresses. Next is Crypto Address Whitelisting, which you can do by setting a withdrawal address on a digital currency, you’re telling Bittrex to only allow withdrawals to that specific address.

All of these features work in tandem to provide the most robust security experience for users. When using Bittrex as your exchange of choice, use each of these security precautions to your advantage to keep your funds safe.

APIs