And finally, Bittrex will begin the process of rebranding and ticker symbol changes for the following tokens:
Bitcoin Cash (BCC) - Ticker change to BCH. Name is unchanged.
Legends (LGD) - Ticker and name change to More Coin (MORE).
Bitswift (SWIFT) - Ticker change to BITS. Name is unchanged.
Source: https://twitter.com/BittrexExchange/status/1009194212989038592?s=19
Topic: Bittrex USD trading pairs (Read 320 times)
I think it's been around all this long because the last time I traded in bittex they already had a pair of usd trades from the start they started the job, Bittrex first announced it a few months ago and now they have a bank that will partner with them all, help altcoin a bit from independent of bitcoin but not all of them because only few exchanges like bittrex that have this usd trading pair while there are still many exchanges that only have usd / btc pair.
USD pairing in altcoins doesn't mean altcoins are now independent and not dependent with bitcoin. Bittrex it is new and people have another way to put money into crypto world beside using USD. All the price of the Bittrex site is often the benchmark of other trading sites in setting the bitcoin and ethereum values.
this is a good start so everyone has another way to invest his money into the world of crypto because after all the price of the Bittrex site is often the benchmark of other trading sites in setting the bitcoin and ethereum values.
Maybe you are judging it wrong. Being paired with USD doesn't mean that from now on it will follow USD. Bitcoin is the king crypto and the price of all alt will always be dependent on bitcoin.
Some traders wants to trade usd pair coz it's a safe way to earn money and they don't get bitcoin satoshi to pair on some altcoins. well i guess this is a good idea for some traders. They should get bitcoin and covert it to usd if bear market occurs.
That’s a great concept brought by Bittrex. Many people will be interested to use Bittrex for this USD trading feature. But I doubt if it would make the altcoins not dependent upon Bitcoin anymore.
This is huge. Path of less resistance. This is what the cryptocurrency market has been needing. The more fiat gateways to crypto the better.
But what is the value of these altcoin if bitcoin loses its meaning?
This is a thought-provoking question, because most altcoin has no value, only hype.
This is a thought-provoking question, because most altcoin has no value, only hype.
I like Bittrex. This exchange always makes a new improvement.
Unfortunately, USD trading pairs still are forbidden for several countries. I hope this pairs will open for any countries.
Unfortunately, USD trading pairs still are forbidden for several countries. I hope this pairs will open for any countries.
Today upon visiting Bittrex, I saw that there are USD trading pairs.
You can trade these into USD: Bitcoin, Tether and TrueUSD.
Instantly what came to my mind, that this may end the altcoin dependance on Bitcoin. I consider this a really big step towards that.
Personally, I would welcome this, as I'm pretty bored of the altcoins following BTC's trend. Even if some big names criticise Bitcoin, but not any other coin, makes the whole market drop, while only Bitcoin should. This may change easily, and I'm hoping for it.
As I see it, Bitcoin is technically outdated, and I see no point of it other than everything trades into it.
I found some source if you want to dig a little deeper:
https://www.cryptoground.com/a/bittrex-usd-trading-pairs
It's still not available right now, as far as i know the bittrex exchange site is still waiting for the approval from their partner to make USD pair will available on the bittrex exchange site. The team has stated that the bittrex exchange site still need to configure it with the partner to give ability to the users will able to withdraw their money through the USD directly. You can trade these into USD: Bitcoin, Tether and TrueUSD.
Instantly what came to my mind, that this may end the altcoin dependance on Bitcoin. I consider this a really big step towards that.
Personally, I would welcome this, as I'm pretty bored of the altcoins following BTC's trend. Even if some big names criticise Bitcoin, but not any other coin, makes the whole market drop, while only Bitcoin should. This may change easily, and I'm hoping for it.
As I see it, Bitcoin is technically outdated, and I see no point of it other than everything trades into it.
I found some source if you want to dig a little deeper:
https://www.cryptoground.com/a/bittrex-usd-trading-pairs
Now a days, people rarely use bitrex. Besides it is somewhat owned by the givernment as it sometimes follows the rules and regulations of the government. But this trading pair bring light to it. I hope people will get motivated to work with it now.
I am using bittrex from a long time and it works well for me and now they introduce new feature of USD which makes it more good.
Now it is easy to buy coins with USD rather than BTC/ETH.
Now it is easy to buy coins with USD rather than BTC/ETH.
From what I could understand from the USD trading pair on bittrex, I thought they have made that available for only corporate clients at least for now, unless I am the one getting the wrong information here.
However, it is a really good development as we get to see some institutions seeing it as a better leverage than tether, and allay some fears they could be having all these while. As time goes on, I hope this will be made available for all users anyway as the following statement below gives hope for us all.
By the way, this should give more enlightenment for anyone who cares to read. https://support.bittrex.com/hc/en-us/articles/360004397771-US-Dollar-Fiat-Trading-on-Bittrex-It-s-Kind-of-a-Big-Deal
However, it is a really good development as we get to see some institutions seeing it as a better leverage than tether, and allay some fears they could be having all these while. As time goes on, I hope this will be made available for all users anyway as the following statement below gives hope for us all.
Quote
But don’t worry – this is only the beginning as we’ll continue to roll out additional phases to expand this offering to all qualified (non-corporate) customers over time.
By the way, this should give more enlightenment for anyone who cares to read. https://support.bittrex.com/hc/en-us/articles/360004397771-US-Dollar-Fiat-Trading-on-Bittrex-It-s-Kind-of-a-Big-Deal
I think it's been there since a long time ago because the last time I traded at bittex they already have usd trading pair, it is indeed a good move because we really need alts to be independent from bitcoin so the price movement of bitcoin won't affect them that much and they will solely depends on the performance of the dev and the development of the project to raise in value.
I still have a question about the future withdrawal of funds, I have already verified by bittrex on the passport, will I need to undergo additional verification for withdrawal?
Bittrex first announced it few months ago and now that they have a bank that will partner with them yeah they already have a usd trading pair. This will help altcoins a bit from being independent from bitcoin but will not all in all because only few exchanges like bittrex have this usd trading pairs while there as still lots of exchanges that only have usd/btc pair.
having a USD pairing in altcoins doesn't mean altcoins are now independent and not dependent with Bitcoin. Bitcoin will always have an impact in altcoin even if there is an available pair for USD in Bittrex because the traders doesn't rely their trades in USD pair, they always trade using BTC pair.
I dont think its all about independent or not but its about how the exchanger can improve their service by adding new service in its platform. Add usd pairs can make the exchanger more great and trader will think more convenient with this. More pair is better for trader who want to change their crypto into fiat in one exchanger.
I think Bittrex missed the train as a result of last year's mistakes. They are not customer focused and do not respect it. Thousands of people are victims of account validation. I was one of those guys. I did not take my money for months. I will never deposit money into Bittrex again.
If you look at Bittrex market share as an exchange than it is still too low and they were also not accepting new users which prevents growth. Also Bittrex being KYC only also restricts its influence on the market as not many people are fine with giving their personal documents to an online exchange.
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