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Bittrex Cryptocurrency Exchange in Singapore
Bittrex is a premier digital currency trading platform that is highly praised for its speed and stability and designed for those who are willing to grab the power of blockchain and want to be a part of the revolutionary financial movement.
Background Information About Bittrex Crypto Exchange
Bittrex is one of the most trusted cryptocurrency exchanges providing an institutional-grade experience suitable for both professionals and beginners. With reliable and trustworthy trade execution and digital wallets along with industry-leading security practices, it also provides customers access to trade multiple cryptocurrencies.
Founded in 2014 by Bill Shihara, Richie Lai, and Rami Kawach, Bittrex is placed under world-class governance of revolutionary legislation in Liechtenstein and Bermuda. Bill Shihara is the current CEO of the company. Due to its user-friendly platform and features, Bittrex has become one of the most popular cryptocurrency exchanges in Singapore.
Table of content
Pros
- Secured platform, with two-factor authentication (2FA)
- Intuitive mobile trading platform
- App available on iOS and Google Play store
- Quick verification process
- Supports third-party trading platforms and algorithmic trading via APIs
Cons
- Does not support margin trading and lending
- Slow customer support
- Not available in multiple languages
- No website chat support
Is Bittrex Cryptocurrency safe to trade in Singapore?
As mentioned earlier, security is the first priority of Bittrex. It is a secured platform and employs the most reliable, effective security technologies that are available in the market. The platform leverages an elastic, multi-stage holding strategy to ensure that the majority of funds are kept in cold storage for additional safety. It also enables two-factor authentication for all users and also provides a host of extra security features to offer multiple layers of protection.
How to create a personal account on Bittrex from Singapore?
To open an account on Bittrex, you need to follow the below process:
Step 1: Visit the official website of Bittrex and select the appropriate account type. As we are opening a personal account, you need to select the “Personal” account button.
Step 2: Next, you need to fill in your email address and create a password. To improve the level of security of your account, the platform recommends creating a password of 12 or more characters including, letters and symbols.
Step 3: After this, you have to click on the “Create Account” button. You will now receive a verification email from Bittrex. Now, you need to open your email inbox and click on the “Verify Email” link in the email to verify your email address.
Step 4: On successful verification, you will be asked to review the company terms/policy. You have to read and accept the company terms/policy to proceed further.
Step 5: Next, you will be redirected to provide all the basic profile information.
Step 6: After submitting all the details, click on the “Continue” tab to proceed with the ID verification process. Kindly note that all Bittrex Global accounts must be verified with government-issued identification documents.
After successful verification of your account, you are ready to get started.
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How to fund your Bittrex account using a debit or credit card from Singapore?
To fund your Bittrex account, follow the below steps:
- Login to your Bittrex account, and click on the “Holdings” button present in the top right corner of the page.
- Next, click on the “Deposit by credit/debit card” option present in the right column.
- Now you need to enter the details of the amount you want to purchase.
- Click on the “Enter card info next” option, and then add details of your card.
- You have to read and accept the company policy and terms to process the transaction.
- Now, click on the “Pay” button
- On submitting, you will be prompted to a 3DSecure portal for your bank.
- You have to follow the necessary steps to verify the transaction through the 3DSecure portal.
- After successful completion of the transaction, the funds will be credited to your USD wallet. You may check the status of your funds in the “Deposits” section of the “Holdings” page.
Free quently asked questions
1How do I withdraw Euros from my Bittrex Cryptocurrency account?
To withdraw Euros from Bittrex to your bank account, you need to either use SEPA credit transfer or international wire transfer.
2Is there any minimum withdrawal limit on Bittrex?
Yes, Bittrex does enforce some minimum withdrawal limits on its platform. The minimum withdrawal for all coins on Bittrex must be greater than 3 times the fee.
3Does Bittrex Crypto Exchange platform charge any fees on fiat transactions?
Bittrex doesn’t charge any fees for USD deposits and withdrawals. However, users have to check with their bank as some banks charge a fee to send as well as receive a wire transfer.