Difference between revisions of "Bittrex"

Revision as of 19:48, 9 November 2017

Bittrex is a cryptocurrency trading platforms. It is primarily used by cryptocurrency holders to trade cryptocurrencies such as Bitcoin and Steem. According Bloomberg, the company was founded in 2014 and is based in Las Vegas, Nevada. ^[1]

In the Facebook fanpage, they described theirselves as the next generation crypto trading platform built and operated in the United States by crypto enthusiasts with extensive development and security background. We have over 50 combined years in the computer industry at companies like Microsoft, Amazon, Qualys, and Blackberry and have made careers developing secure and scalable software.^[2]

In May 19th, 2017, the steemian KingsCrown (@kingscrown) posted that Bittrex was one of the first [Steem Exchanges|exchanges] to trade Steem Tokens but Poloniex was the top volume BTC/altcoin exchange at that time.^[3] In July 10th, 2016, few days after the first Steem Tokens payouts in July 4th, one of the Bittrex founders, Richie (@bittrex-richie) published his Introduceyourself post on Steemit, reffering other founder Bill Shihara (@bittrex-bill).^[4]

Use

Bittrex, like Poloniex, is commonly used by Steemians as a platform to convert Steem and Steem Dollars into Bitcoin or other cryptocurrencies.

As users are unable to use Bittrex to withdraw fiat, it becomes a launch pad for Steemians to transfer their Bitcoins to cryptocurrency wallets or other cryptocurrency trading platforms which, while they do not currently accept Steem, are able to convert Bitcoin into fiat, and subsequently allows users to deposit fiat into their bank accounts. Such includes CRXZone.

References

1. ↑ Bloomberg : Company Overview of Bittrex, LLC Retrieved in November 9th, 2017
2. ↑ Bittrex Facebook fanpage : About Retrieved in November 9th, 2017
3. ↑ Users moving from Poloniex to Bittrex. Some Hints on What to Trade! Written by KingsCrown (@kingscrown) on Steemit in May 19th, 2017
4. ↑ Hi, my name is Richie - I am one of the founders of bittrex.com Written by Richie (@bittrex-richie) on Steemit in July 10th, 2016

Links

• Bittrex : https://bittrex.com
• Bittrex Facebook fanpage : https://www.facebook.com/bittrex/ 22.826 fans in November 9th, 2017
• @bittrexexchange : https://twitter.com/bittrexexchange 201.643 followers in November 9th, 2017
• @bittrex : https://steemit.com/@bittrex 1.313 followers in November 9th, 2017
• CRXZone : https://www.crxzone.com
• @bittrex-richie : A little history of Bittrex.com - how it all started... July 11th, 2017
• @pfunk : Steem's ecosystem needs to take the lesson of Bitfinex to heart. Bittrex and Poloniex NEED cold wallets! August 3rd, 2016
• @kingscrown : New and Incoming Functions on Bittrex Exchange, March 11th, 2017
• @loreennaa : Convert Steem/SBD to BTC steemit - bittrex May 7th, 2017
• @shenanigator : A Much-Needed Update - Thanks Steemit Team! May 19th, 2017
• @tsinik : SBD to BitCoin to Cash (is it worth it?) July 5th, 2017
• @bitcoinparadise : Guide: How to Deposit/Withdrawl STEEM/SBD and Buy/Sell on Bittrex July 11th, 2017
• @yusuf2829 : How to convert steam dollar to btc or to usd on smartphone - i will give A brief explanation to you. July 19th, 2017
• @ariane : The Time I Sent my Biggest Payout to the Wrong Address August 10th, 2017
• @ura-soul : The Reason Why Bittrex and Poloniex Have Taken STEEM Offline - According to Dan at BlockTrades... PLUS My Tips For Using BlockTrades August 12th, 2017
• @sajnanidipen : Bittrex Review: Convert your Bitcoins to Altcoins Easily August 13th, 2017
• @inco2017 : BIG Alert Websites Phishing Similar site Bittrex ! September 27th, 2017

Related Articles

• How to transfer STEEM between Steem account to Exchanges
• How to use STEEM
• Steem Exchanges
• Steem Tokens
• Steem Wallets
• Steemit

External links

• Bitcoin Wiki : Bittrex] Retrieved in November 9th, 2017
• The Cryptosindicate : Opinion: We’ve found anomalies on Bittrex.com Written by nrek in October 9th, 2017