Bittrex is a marketplace for buying and selling cryptocurrencies or exchange, as it is generally known in the common jargon of the cryptocurrency world. In this sense, it is important for users to learn how to use this exchange to carry out their cryptocurrency buying and selling operations.
The goal of this article is to address the use of Bittrex using the Atani application, thus combining two powerful trading tools. On the one hand, one of the best exchanges in the crypto ecosystem (Bittrex). And secondly, the Atani application as an application that implements innovative features that favor the best performance of both professional traders and beginners in the exciting world of cryptocurrency exchanges.
Start trading Bittrex from Atani
As you can see in the following figure, Bittrex is one of the many exchanges with support in Atani.
From Atani, users can access the exchange of their choice. This with the advantage of having the advanced trading tools that Atani provides from its interface. Thus facilitating the performance of the inherent activities that are carry out in these cryptographic marketing environments, with all the necessary tools in one place.
Create your account
If you have not yet opened a Bittrex account, this is the first step you should take. To perform this step you must go to their official site here, and if the services of this exchange are available in your region or country, a window similar to the one shown below should appear on the screen of your device.
You must provide the data requested by the application through this form. Please note that, as in other applications, KYC (Know Your Customer) procedures and AML (Anti Money Laundering) guidelines.
That is to say that in order to withdraw funds, you must go through a KYC (Know Your Customer) verification process that includes verifications of identification documents, phone number and two-factor authentication where you will need to submit photos of your identification document and an unretouched photo of your face (for higher limits).
Once the Bittrex account creation process is complete, you will have at your disposal the login credentials (an email address and a secret key) through which you can enter Bittrex to complete the security and verification activities. And, subsequently, obtain the credentials that will allow you to link your exchange profile to the Atani application. In this case the API Key and the Secret Key that Atani requests in order to access your profile data in that exchange.
Once the user enters Bittrex, a Bittrex welcome screen is presented, where the new user is also invited to go through an identification and identity verification process in order to comply with KYC and AML conditions. This process is brief and usually does not exceed 10 minutes.
Add Bittrex to Atani
In order to perform operations in Bittrex from Atani, it is necessary to indicate to Atani that you wish to add a new exchange to the list of exchanges allowed within the application.
To do this, the user must click on the card corresponding to Bittrex, after which a window will appear indicating the exchange in question together with an Add Exchange button.
When clicking on this button, the application will display a form requesting both the Api Key and the Secret key that will allow the user to perform the operations according to the level of permissions stored in the exchange data.
Once you have logged into the Bittrex application, you must click on the top menu bar and then on the “Account” option, a screen with the information of the user’s accounts will be displayed.
In the sidebar located to the left of the screen, there is an option called “API Keys” under the title “Two-Factor Authentication”, as shown in the following screenshot below.
Once the API Key and Secret Key have been request, do not forget to grant the corresponding permissions to the application to perform operations in the exchange. This aspect is shown in the following screenshot.
As can be seen, Atani is granted permissions to obtain information from the exchange (Read Info), to trade (Trade) and to withdraw (Withdraw).
The authentication code will appear just below the space where it must be typed. After you have typed it, click the Confirm button.
Once the request of the API Key and the Secret Key is confirm copy this info to Atani. Once you have entered the respective keys in the corresponding places, clicking on the Connect Exchange button. You will have connected your Bittrex exchange to the Atani application. In this moment, you will be able to start working on your exchange using Atani’s innovative and advanced tools. All from a single application. This way you will be able to take advantage of the functionalities that Atani offers.
Trading at Bittrex
As a Bittrex user, you have at your disposal a series of possibilities offered by this exchange. Possibilities that have been allow to Bittrex becoming one of the favorite exchanges of the cryptographic community.
One of the most outstanding features of Bittrex is the huge variety of different cryptocurrencies that this exchange supports. The platform has a huge selection of trading pairs, with hundreds of different altcoins listed. And, although this exchange does not support fiat currencies such as USD, EUR or GBP. It does allow its users to trade Tether (USDT). Tether is a digital currency that is directly pegged to the value of the US dollar on a 1-to-1 basis.
On the other hand, you will need to transfer some money in order to start trading. Remember that Bittrex does not allow you to pay with USD or Euros. So, you will have to buy BTC somewhere else and transfer the BTC to your new Bittrex account.
Since its founding in 2014, based in Seattle, Bittrex has experienced tremendous growth. Even in the midst of the Covid-19 pandemic. Bittrex is one of the largest cryptocurrency exchanges on the market right now. This exchange ranks fourth in terms of 24-hour trading volumes, just behind Binance, Bitfinex and Bithumb. While daily volumes fluctuate, Bittrex frequently ranks in the top five.
Bittrex is one of the most trusted exchanges on the market with a solid reputation. And especially considering the fact that the company has not suffered any major hacks since it was introduced.
Commissions and security
The commissions paid at Bittrex are around the level of the average commissions usually paid in the crypto market (0.25%). Although in the latest trends everything points that this average is approaching 0.15 and 0.20% among the main exchanges. It is also true that there are significant fluctuations from one exchange to another.
Likewise, those responsible for maintaining the correct operation of Bittrex maintain the security is a serious matter. In Bittrex there are several layers of security that guarantee the protection of your assets.
As you might expect, the information that can be place on a desktop computer screen is larger. Which allows it to be more detailed and easier to understand. For this reason, most cryptocurrency traders prefer their desktop computers for trading.
However, there is a large sector of cryptocurrency investors who prefer to do their cryptocurrency trading through their cell phone. If this is your case, you will be happy to know that Bittrex’s trading platform is also compatible. You can download it from the AppStore and Google Play. Once your Bittrex account has been loaded with your cryptocurrencies you can start trading (buying and selling) crypto-assets.
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