A quick guide on “How to use Bittrex”

How to use Bittrex

If you want to start trading on some digital currency and you do not know which platform to trust, then you are in the right place. Bittrex is one such platform where you can enjoy trading on crypto and use it safely without the fear of compromising your privacy ad identity. Buying and selling crypto can be a very complex task for a common man or for the one who has never dealt with anything similar to this.

The platform is basically a gift from the United States and is a next-gen crypto trading platform. The high professionals are involved in creating it. Therefore, you need not worry about your trading in crypto on a platform like Bittrex. It is one of the biggest dealers of Bitcoin in the world. In this article, we are going to discuss what is all that is required to get started on Bittrex? Also, we will learn a three-way procedure to answer your question on “How to use Bittrex?” which requires you to first complete the Bittrex login process.

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A complete walkthrough to use Bittrex

Bittrex that is a Bitcoin trading platform usually deals with two types of accounts namely “basic account” and “advanced account”. With the first one, you get a withdrawal limit of 3 Bitcoins per day and with the latter one, you will get a withdrawal limit of 100 Bitcoins per day.

To use Bittrex, you first have to complete the KYC process. It is a kind of identity-verification process which involves you to complete two-factor authentication using your phone number and some ID verification. Without completing the KYC, you won’t be able to carry forward any transaction using the Bittrex platform.

Basic steps to use Bittrex

Step 1: Create an Account

  1. First of all, you need to visit the official website of Bittrex.
  2. After this, create an account by filling up the necessary details on the sign-up page.
  3. Follow the on-screen instructions to complete the process.
  4. Once you complete the sign-up process, you are ready to go for the Bittrex login process.

Step 2: Buy Bitcoin or Ethereum

After setting up your account, you will need to transfer some money to your Bittrex wallet so that you can start trading. You have to do this because you cannot start trading by using USD or any other currency. You can only trade with BTC and hence you must transfer some into your Bittrex account.

Step 3: Start trading

When you finish loading your wallet with some funds, you can start trading immediately. Use the Bittrex dashboard and start trading on Bitcoins. Using the dashboard, you can see the pricing chart, use currency ticker or the bar graph options.

Final thought-

Getting started on Bittrex is as easy as getting stared on any social media platform. All you need is to complete the Verification process and follow some guidelines and you are done. If you are unable to get the concept of Bitcoin or Bittrex, then you may seek assistance from the Bittrex support team.

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