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Bittrex Global

Bittrex Global

300+

Coins 

0.75%

Trading Fee 

Liechtenstein

HQ

Last Updated Nov 3, 2022  |  Affiliate Disclosure

  • Review

  • Details

  • Alternatives

Our Review 

Bittrex Global offers 300+ coins, 0.75% trading fees, and unfortunately, it doesn't support Canadian dollars. The BTC spread was 0.41% when tested (tied for 7th place) and the total BTC purchase fee was 3.42% (16th place). Overall, there are cheaper and better platforms for Canadians to buy and sell cryptocurrencies.

If you want to buy top cryptocurrencies as cheap as possible, we recommend Newton. If you want advanced features and lots of altcoins, Binance and KuCoin (for Ontario) are the best Bittrex alternatives. See alternatives section for more info.

Where It Shines:

  • Lots of Altcoins: 300+ cryptocurrencies with lots of trading pairs in BTC, ETH, USDT and more. Plus leveraged tokens and tokenized stocks
  • Advanced Trading Platform: Lots of advanced order types, charting tools and you can customize the layout exactly how you like it
  • Security: Lots of security features, $300M in insurance coverage, and founded by 3 cybersecurity engineers
  • Reputation: No hacks ever and operating since 2014 which is a long time for the crypto industry

Where It Falls Short:

  • It's Expensive: Credit card fees are minimum 3%, 0.75% trading fees, and the total BTC purchase fee was 3.42% (16th overall out of 18 platforms tested) 
  • Doesn't Support $CAD: The best way to use Bittrex is to fund with crypto. EUR and USD are the only supported fiat currencies

Overview

Total Fees & Spreads: Mar 02, 2022

Coins Offered

300+

Total BTC Purchase Fee

3.42% (16th place)

Total BTC Selling Fee

N/A (can't cash out CAD)

BTC Spread

0.41% (Tied for 7th place)

Trading Fee

Starts at 0.75%

Funding Methods

USD or EUR only (wire transfer, credit card, SEPA transfer)

CAD Deposits

Not Supported

CAD Withdrawals

Not Supported

BTC Withdrawal Fee

0.0003 BTC

Notable Features

300+ coins, advanced trading, founded by 3 cybersecurity engineers, 

Don't want to read? Watch the video review published on Mar 11, 2022. Some info in the video could be outdated so refer to the rest of the blog post as well.

Bittrex Global

About Bittrex

Bittrex was founded in 2014 by three cybersecurity engineers and has offices in the USA and Liechtenstein. The crypto exchange has two platforms called Bittrex and Bittrex Global which are available to customers in the USA and internationally.

They market themselves as a security-first platform with "lightning fast trades, dependable digital wallets and industry-leading security."

Some Stats:

  • Founded in 2014
  • Has offices in the USA and Liechtenstein
  • 300+ employees according to LinkedIn

Bittrex vs. Bittrex Global

Bittrex is for US customers only and offers its own selection of cryptocurrencies. Bittrex Global is for international customers that live outside of the USA.

Opening An Account

Opening a Bittrex account is very simple, takes 5-10 minutes and every account requires to have their identity verified due to KYC regulations. Here's what the process looks like:

  • Step 1: Enter your email address
  • Step 2: Enter your profile info (full name, country, address, date of birth)
  • Step 3: ID Verification (upload front and back of government issued ID, selfie photo)
  • Step 4: Wait as they verify your ID and in a few minutes you should see a message that verification is complete. You can then add funds and begin trading.

Fees & Spread

Updated: Apr 1, 2022

Bittrex Global Fees

Amount

*Total BTC Purchase Fee

3.42% (16th place)

*Total BTC Selling Fee

N/A (can't cash out CAD)

Trading Fee

0.75%

CAD Deposits

Not Supported

CAD Withdrawals

Not Supported

BTC Withdrawal Fee

0.0003 BTC

Other Fees

3% Credit Card deposits

More Information

We tested 18 Canadian cryptocurrency exchanges at the same time to compare the true fees. This data was collected on Mar 2, 2022 at 4:41pm and is subject to change since spreads and prices change daily.

  • Total BTC Purchase Fee = CAD Deposit Fee + Trading Fee + Reference Price Difference
  • Total BTC Selling Fee = CAD Withdrawal Fee + Trading Fee + Reference Price Difference

You can compare all platforms from the price test on this page

Dynamic Trading Fees

Bittrex Global Dynamic Trading Fees

Price Test & Spread

Price Test (On Mar 2, 2022)

Prices

BTC Spread

0.41% (Tied for 7th place)

BTC Buy Price

$55,591

BTC Sell Price

$55,363

Ref. Price Difference

Buy: -0.33%

Sell: -0.74%

Reference Price (Google)

$55,774

What We Found

Bittrex Global had a total BTC purchase fee of 3.42% (16th place). The BTC spread was 0.41% (tied for 7th place) and the trading fees start at 0.75%. Overall, it's an expensive platform and Canadians can find much cheaper ways to buy Bitcoin and altcoins.

In comparison NDAX had a total BTC purchase fee of 0.49% (1st place). It also offers advanced trading but only 30+ coins.

Deposit & Withdrawals

Updated: Apr 1, 2022

Bittrex Global only supports U.S Dollars and Euros, not Canadian dollars. You can fund your account with credit card, however you will be subject to expensive 3% fees. If you will be using Bittrex Global, we recommend funding your account with crypto from a crypto exchange that supports Canadian bank accounts. The best options are Newton and VirgoCX.

Deposit Methods

Type

Fee

Time

Limits (24 hours)

πŸ‡ΊπŸ‡Έ (USD) Wire Transfer

Free

0-1 Business Days

$50 min - No Max

πŸ‡ͺπŸ‡Ί (EUR) Wire Transfer

?

0-1 Business Days

€20 min - No Max

πŸ‡ͺπŸ‡Ί (EUR) SEPA Credit Transfer

?

0-3 Business Days

€20 min - No Max

Credit / Debit Card

(USD or EURO only)

3.00% (plus potential FX fees from your bank)

Instant

$10k

Withdrawal Methods

Type

Fee

Time

Limits (24 hours)

πŸ‡ΊπŸ‡Έ (USD) Wire Transfer

$25

0-1 Business Days

$10 min - No Max

πŸ‡ͺπŸ‡Ί (EUR) Wire Transfer

?

0-1 Business Days

€10 min - No Max

πŸ‡ͺπŸ‡Ί (EUR) SEPA Credit Transfer

?

0-3 Business Days

€10 min - No Max

Crypto Withdrawal Fees

Type

Fee

Minimum Withdrawal

Bitcoin

0.0003 BTC

0.0009 BTC

Ethereum

0.0077 ETH

0.0231 ETH

USDC

73 USDC

219 USDC

XLM

0.05 XLM

0.15 XLM

Platform & Features

Updated: Apr 1, 2022

List of Features:

  • iOS, Android and Web app
  • 300+ Cryptocurrencies
  • Advanced Trading
  • Instant Buy and Sell
  • Leveraged Tokens
  • Tokenized Stocks
  • Staking (Cardano only)
  • Referral Program

1. iOS, Android and Web App

2. Advanced Trading

  • Various Order Types: Market / Limit / Stop Limit / Trailing / OCO / Ladder Limit
  • Customizable Dashboard (edit chart preferences, layout, keyboard shortcuts, and more) 
  • Dark theme / light theme

3. Instant Buy and Sell

4. Leveraged Tokens

5. Tokenized Stocks

6. Staking

  • Earn up to 5.50% in ADA rewards
  • Just a minimum of 1 ADA required
  • Paid out monthly
  • Flexible - withdraw funds anytime

7. Referral Program

8. Other Features

Security

Company Security Features

  • Never been hacked (founded in 2014)
  • Founded by three cybersecurity engineers
  • Holds crypto in cold storage
  • Cold storage is insured up to $300 million
  • KYC required (must prove identity to sign up)
  • Not clear if they are FINTRAC registered and licensed in Canada

User Security Features

  • 2-Factor Authentication
  • Withdrawal Whitelisting
  • View login history fo suspicious activity (IP addresses, devices, times, etc)
  • Optional Email Notifications
  • Add/Remove Trusted Devices
  • Create An IP Whitelist
  • View website status in real-time

Can You Trust Them?

Yes, Bittrex is considered a safe cryptocurrency exchange. They have 2FA, store crypto in cold storage, a $300M in insurance policy, and have never had any hacks. They've also been around since 2014 which is pretty long for the crypto industry.

⚠️ Although Bittrex is safe, 44% of platforms we tested have had a hack or incident in the past. We strongly recommend storing and protecting your crypto on a hardware wallet or any wallet where you own the private keys.

Customer Support

Bittrex offers tutorials and an extensive help desk to answer frequently asked questions for customers. They also have a 24/7 live chat support if you want to talk to someone in person - however this has many negative reviews online.

In my experience of using Bittrex since 2017, I've never even had to test their support because the platform has always worked for me. However, many reviews and comments online claim the support is extremely slow and often non-responsive.

Bittrex Customer Support

Best Alternatives

Here are the best crypto exchanges for Canadians right now. We assessed 18 platforms across 60 variables and 1080+ data points.  

Newton.co
  • 2022 Winner: Best Overall
  • Low fees, 70+ coins, great user interface
  • No advanced features, limited features overall
VirgoCX
  • Low all-around fees
  • Free crypto withdrawals for many coins
  • Beginner + Advanced Features
  • User interface can be better
NDAX.io
  • Lowest overall fees for Canadians (0.49% total BTC purchase fee)
  • Beginner + Advanced features + Staking
  • Only 30+ coins
  • Slightly higher withdrawal fees
Binance
  • Lowest spreads and fees if you fund your account with crypto
  • 600+ cryptocurrencies
  • Most features in the industry
  • Restricted in Ontario
  • Not beginner friendly
  • Low spreads and fees if you fund your account with crypto
  • 700+ cryptocurrencies
  • Trade anonymously (all you need is an email)
  • Not beginner friendly
Best Crypto Exchanges Canada

Find the best crypto exchanges in Canada with our free comparison tool

Author

Alex

Alex is the owner of RankFi.com, where he covers all things finance, Web3, and cryptocurrency. He has been investing in Bitcoin and cryptocurrencies since 2017.