Earnings on crypto-currencies are one of the most promising areas for today. In order to successfully start activities in this direction, it is needed to choose a digital currency, and also a crypto-exchange. Today there are a lot of exchanges, but there are some exchanges that position themselves most favorably against the background of all the others. And the most outstanding representative is https://bittrex.com/. In this article, we will consider this crypto-exchange, to understand what advantages it has and how to earn on it.
About Bittrex.com
Bittrex - the largest exchange of crypto-currencies, created in 2014. It is one of the top platforms, which allows to trade in cryptocurrency. At the moment, the exchange supports over 190 crypto-currencies, which is a record among crypto-exchanges.
Recently, Bittrex has been able to trade the new cryptocurrency called Bitcoin cash.
The only drawback of the platform is that it is English-speaking. Despite this, the lack of Russian language allows thousands of people from Russia to carry out successful trading activities in digital currencies.
Advantages of the Bittrex platform
Bittrex is on the 4th place in the daily turnover of digital currencies, which in terms of ordinary money is $ 322 million. The main difference is that Bittrex prefers altcoyins, instead of the usual bitcoin. But Bittrex has its advantages:
• Two-level authentication, which allows to securely protect an account.
• Commission for withdrawal is 0.25%.
• Pending does not exceed a 6-day period.
• A wide range of trading instruments.
• At the time of bidding, the site is working correctly and doesn’t "hang."
• A large number of trading pairs (about 261).
Feedback on the Bittrex exchange in the network is positive, which makes it relevant for many people who are looking for where to invest after difficulties with Poloniex and BTC-e.
How to work on Bittrex crypto-exchange
The exchange functions in English, therefore for beginners the initial steps are unusual, however, at this stage there are no difficulties. After a short time, many investors begin to quickly understand how to work at Bittrex and what financial tools are best used.
Registration on Bittrex
The first thing a newcomer has to do is to create his own account. To do this, it’s needed to go to the official site https://bittrex.com. After that, proceed as follows:
Click on LOGIN on the main page in the upper right corner
After the new window pops up, click on the Sign Up icon
In the top box of the pop-up window, specify your own email
• Then create a password (the password must be at least 8 symbols long)
• Confirm password
• Check that you agree with the terms
• Click on SING UP
• After that you will receive an email with a link to the confirmation
• Click on it
Balance replenishment
To start earning, it is necessary to replenish the balance.
To do this, click on the inscription WALLETS
In the pop-up window you decide on the cryptocurrency you want to buy.
Then click on + in front of the selected cryptocurrency type
After that, the system will give out the address to which it will be necessary to deposit money.
Consider that it is impossible to replenish the balance with euro, dollars, yuan on the stock exchange. There is an opportunity to transfer funds from the Poloniex exchange, as well as replenish the account with third-party wallets for crypto-currencies. If you choose one coin and transfer another type of electronic currency on its address, then you will lose your own money.
How to make money on the exchange
The advantage of Bittrex is the simplicity of operation. To start trading, you need to act on the following algorithm:
• Click on the "Markets" panel.
• Choose the e-currency you’re interested in (if there is no coin suitable for you, you can find it in the "Search" section).
Scrolling below, you will see tools for trading, purchasing and selling of cryptocurrency.
In the required lines indicate how much and at what cost you want to buy or sell the digital currency.
The tools are easy to manage by clicking on "Sell" - selling or "Buy" - buying.
Despite the ease of bidding, it's not everyone who turns out to be a successful trader. To make the platform profitable, it is necessary to constantly analyze the market and respond timely to different signals.
How to withdraw funds
It is not difficult to withdraw money from the exchange. This procedure is carried out in the following stages:
Click on WALLETS
• Click on the "-" icon in front of the coin needed.
• Specify the address where you plan to withdraw funds.
• Then convert to a special online exchanger and put it on your card.
The withdrawal of cryptocurrency is possible only after the mandatory passage of verification
How to verify your account
In order to withdraw the cryptocurrency it is necessary to pass the verification procedure. If it is not done, the amount of daily withdrawal will not exceed 0.025 BTC or even issue "insufficient funds bittrex".
Verification on bittrex occurs as follows:
• Click on "Settings"
Click on BASIC VERIFACTION
Enter your original initials
Specify the date and place of birth
Enter the residence address
In the special column indicate the series and number of the passport
Click on Submit
Click on Phone Verification
Enter your number
Click on Submit
The phone will receive the code, which must be entered on the website.
In case of withdrawal over 3 BTC per day, it will be required to send a scan of the passport.
Conclusion
On the platform Bittrex it is possible to earn decent sums, trading with crypto-currencies. But in order to become a successful trader, you must constantly monitor the currency market, create your own tactics, and also respond to various changes in time.