How safe is bittrex ? | Bitcointalksearch.org

FIFA worldcup

full member

Activity: 1134

Merit: 105

Quote from: danniwide1234 on January 21, 2018, 01:31:27 PM

Bittrex like most other exchange have some security features Like enhanced verification and 2FA verification which are tools use to add some extra layer of security to your account. However, even with features like this hackers have been able to find a way round it. It is therefore not uncommon that many exchanges include bittrex have been hacked in the past because of the large fund available in exchanges. I will therefore advice you not to use any exchanges including bittrex as a means of storage in the long term . It is better you limit it to a trading platform and a means of storage in the short term.

Bittrex is one of the reputable exchange and I think you can call it the 2nd best exchange after Binance. Recently there was a fud that Bittrex is disabling accounts which contain big balances without any reason. So we cannot say that any exchange is 100% safe. The best way to keep our funds save is to deposit them on our personal wallets and do not keep them on exchanges.

klaaas

hero member

Activity: 1568

Merit: 544

Quote from: sandra_x on April 25, 2019, 08:23:16 AM

Bittrex is an exchange with a good reputation, they may not steal your coins but there is a chance hackers can AND they may not reimburse you should they get hacked. Never leave your money in an exchange, withdraw and keep in a wallet you hold the private keys. You can get a hardware wallet for less than 100 bucks.

Even a paper wallet will do in this case ; )

Last few months im hearing more and more kyc verification requests falling out of the blue for users from bittrex, Keep it in mind.

sandra_x

member

Activity: 574

Merit: 14

Bittrex is an exchange with a good reputation, they may not steal your coins but there is a chance hackers can AND they may not reimburse you should they get hacked. Never leave your money in an exchange, withdraw and keep in a wallet you hold the private keys. You can get a hardware wallet for less than 100 bucks.

martinadoulet

newbie

Activity: 5

Merit: 0

I've just had the absolute worst experience with Bittrex. The money just disappeared from my account. They say my account must have been hacked (but offer no proof) and will not take any responsibility.

I wish I had known better.

rapidleech

hero member

Activity: 756

Merit: 500

It is shittrex! complete fraud system that scammed thousands users include me!

just! just look at the CEO feedbacks in their ANN topic:
https://bitcointalksearch.org/topic/ann-bittrex-next-generation-exchange-btcltceacppcrddftcand-more-463202

They just disabled thousands of account since 3 month AGO and there no any announcement regard those accounts or any response to tickets

GoodLuck2

sr. member

Activity: 630

Merit: 251

Quote from: TACryptoo on January 21, 2018, 09:51:05 AM

Hi guys , i have a lot of digibyte on my bittrex account but is it safe ? how big is the chance that i lost it ?

Amongst all the trading exchanges which are there in the present word, the most secure and the most trustworthy trading exchange is none other than that of bittrex. It is being used by so many number of people who are there in the world of crypto currency and above all, it is the most reputed trading exchange. There is no such risk of losing even a single coin of yours if you have bittrex account.

BTG-BTC

member

Activity: 89

Merit: 10

For the long term the best thing is to never store something on the exchanges, even if they are reliable have not sheltered a hack

LordTricky

jr. member

Activity: 98

Merit: 2

Quote from: thejaytiesto on January 21, 2018, 12:46:25 PM

Quote from: LordTricky on January 21, 2018, 11:35:27 AM

Quote from: TACryptoo on January 21, 2018, 09:51:05 AM

Hi guys , i have a lot of digibyte on my bittrex account but is it safe ? how big is the chance that i lost it ?

If you have not verified, and have no intention of verifying, expect to never see those coins again, Bittrex have stolen from me, holding my coins ransom until such time I legitamise a terrorist organisation masquerading as guberment, by begging them for some ID to share with those extortionists, which will never happen...

And they are ignoring my support tickets for over a week now...

Not wise depositing with them, if you have no ID and or wish to remain anonymous...

This is why I never gave a single exchange my ID. Back when I still bothered with trading, you could go to any exchange and trade altcoin to altcoin back and forth without any sort of information, the withdraw was small but enough to get some altcoins that I was interested win without giving my dox to some exchange controlled by god knows who.

Poloniex used to be like this too, and suddenly now it seems you need full verification for crypto to crypto too.

Luckily I got my funds out of these exchanges before these policies got put in place.

Now if I want to trade and get some altcoin, im forced to either do a full verification or use some of these low volume shitcoin exchanges that still don't require verification.

I will never feel safe giving my ID to crypto exchanges, so get your coins out into a wallet, and hold them until you want to convert them into something else. Everything else is a needless gamble.

+1 very well said. I only have bittrex left to clear out, they are only holding about 600 dollars to ransom, so its not too much of a big deal, but its the fact that it is my money that is annoying me.

danniwide1234

member

Activity: 133

Merit: 10

Bittrex like most other exchange have some security features Like enhanced verification and 2FA verification which are tools use to add some extra layer of security to your account. However, even with features like this hackers have been able to find a way round it. It is therefore not uncommon that many exchanges include bittrex have been hacked in the past because of the large fund available in exchanges. I will therefore advice you not to use any exchanges including bittrex as a means of storage in the long term . It is better you limit it to a trading platform and a means of storage in the short term.

buwaytress

legendary

Activity: 2828

Merit: 3487

Join the world-leading crypto sportsbook NOW!

Quote from: LordTricky on January 21, 2018, 11:35:27 AM

If you have not verified, and have no intention of verifying, expect to never see those coins again, Bittrex have stolen from me, holding my coins ransom until such time I legitamise a terrorist organisation masquerading as guberment, by begging them for some ID to share with those extortionists, which will never happen...

And they are ignoring my support tickets for over a week now...

Not wise depositing with them, if you have no ID and or wish to remain anonymous...

This is probably the best advice to start off with on any centralised exchange. In fact, only start depositing when you've achieved the highest possible verification. Firstly, you'll be somewhat safer from sudden account blockings (which they seem to frequently do to unverified or basic accounts), secondly, they will prioritise your support requests (and don't think you'll never need to open a support ticket).

I'm a Bittrex user, along with a couple of other similarly big exchanges, simply for the volume and opportunity to easily access alts.

But never believe for a moment your funds are safe there. If you don't want to use them to trade, withdraw and keep in your own wallet. Whatever funds I have on exchanges I am ready to lose - I've been lucky so far, but it's really only a matter of time before even the most reputable exchanges screw you over. Just Google Coinbase, the biggest and most reputable of them all. See how even the big "crypto personalities" are threatening action against them.

And yeah, Mt. Gox. Even angel investors weren't safe when they shuttered.

patt0

legendary

Activity: 1694

Merit: 1005

Betting Championship betking.io/sports-leaderboard

I would say there is not such thing as a safe exchange. Not saying they want to trick you and get away with your money. They will probably win more in the long run if they keep an open business, but centralized exchanges are a honey pot for hackers, so you are never safe there, since you don't know when they will crack. Even recently north Korean hackers successfully crack another south Korean exchange and stole millions. I would recommend you to put part of your digibyte on a wallet if you want to hold them.

EdenHazard

legendary

Activity: 2674

Merit: 1048

Quote from: BrewMaster on January 21, 2018, 12:41:44 PM

whenever you want to know about a bitcoin service such as an exchange like bittrex, it is a good idea to check the scam accusation board of this forum here: https://bitcointalk.org/index.php?board=83.0

and right now bittrex has multiple scam accusations open against them for months without them even bothering to answer any of them. i also had my account closed and my funds robbed but i was lucky i didn't have that much.
here are some examples:
https://bitcointalksearch.org/topic/bittrex-ignores-thousands-of-clients-2465829
https://bitcointalksearch.org/topic/bittrex-is-a-scam-website-avoid-with-proof-1954598
https://bitcointalksearch.org/topic/my-bittrex-account-has-been-disabled-2267728
https://bitcointalksearch.org/topic/bittrexcom-1000000-disabled-2306630
https://bitcointalksearch.org/topic/my-experience-with-scam-bittrex-be-careful-2458511

here is the link to their topic:
https://bitcointalksearch.org/topic/ann-bittrex-next-generation-exchange-btcltceacppcrddftcand-more-463202

and trust rating of the owner:
https://bitcointalk.org/index.php?action=trust;u=96390

i don't know if it is about huge money involved there , so far i can withdraw / deposit freely and smoothly at bittrex . i followed every single rules and never get a serious problem like account get blocked/disabled without prior notice .

i just believe that those people who get in trouble are the one who break the rules accidentally and the support itself slow to respond it, bad thing indeed.

Fredomago

legendary

Activity: 2996

Merit: 1053

Leading Crypto Sports Betting & Casino Platform

Quote from: vanish9 on January 21, 2018, 12:32:52 PM

Quote from: TACryptoo on January 21, 2018, 09:51:05 AM

Hi guys , i have a lot of digibyte on my bittrex account but is it safe ? how big is the chance that i lost it ?

It is risky, we all know that. I Have been using Bittrex for a while, and i used to use this one as my main exchange, but they have frozen my account 10 days ago because i didn't have an enhanced account. They are not replying to my support tickets anymore.

It's needed to be updated to enhance account as it is the negative side of bittrex, since they easily freezes accounts and support will be longer
than expected, just make sure that you have your own wallet and you just use bittrex in terms of exchange and not a wallet where you will store
your coins and wait, a lots of things can happen within a day so make sure that you are just utilizing the uses of this exchange.

thejaytiesto

legendary

Activity: 1358

Merit: 1014

Quote from: LordTricky on January 21, 2018, 11:35:27 AM

Quote from: TACryptoo on January 21, 2018, 09:51:05 AM

Hi guys , i have a lot of digibyte on my bittrex account but is it safe ? how big is the chance that i lost it ?

If you have not verified, and have no intention of verifying, expect to never see those coins again, Bittrex have stolen from me, holding my coins ransom until such time I legitamise a terrorist organisation masquerading as guberment, by begging them for some ID to share with those extortionists, which will never happen...

And they are ignoring my support tickets for over a week now...

Not wise depositing with them, if you have no ID and or wish to remain anonymous...

This is why I never gave a single exchange my ID. Back when I still bothered with trading, you could go to any exchange and trade altcoin to altcoin back and forth without any sort of information, the withdraw was small but enough to get some altcoins that I was interested win without giving my dox to some exchange controlled by god knows who.

Poloniex used to be like this too, and suddenly now it seems you need full verification for crypto to crypto too.

Luckily I got my funds out of these exchanges before these policies got put in place.

Now if I want to trade and get some altcoin, im forced to either do a full verification or use some of these low volume shitcoin exchanges that still don't require verification.

I will never feel safe giving my ID to crypto exchanges, so get your coins out into a wallet, and hold them until you want to convert them into something else. Everything else is a needless gamble.

BrewMaster

legendary

Activity: 2114

Merit: 1292

There is trouble abrewing

whenever you want to know about a bitcoin service such as an exchange like bittrex, it is a good idea to check the scam accusation board of this forum here: https://bitcointalk.org/index.php?board=83.0

and right now bittrex has multiple scam accusations open against them for months without them even bothering to answer any of them. i also had my account closed and my funds robbed but i was lucky i didn't have that much.
here are some examples:
https://bitcointalksearch.org/topic/bittrex-ignores-thousands-of-clients-2465829
https://bitcointalksearch.org/topic/bittrex-is-a-scam-website-avoid-with-proof-1954598
https://bitcointalksearch.org/topic/my-bittrex-account-has-been-disabled-2267728
https://bitcointalksearch.org/topic/bittrexcom-1000000-disabled-2306630
https://bitcointalksearch.org/topic/my-experience-with-scam-bittrex-be-careful-2458511

here is the link to their topic:
https://bitcointalksearch.org/topic/ann-bittrex-next-generation-exchange-btcltceacppcrddftcand-more-463202

and trust rating of the owner:
https://bitcointalk.org/index.php?action=trust;u=96390

vanish9

full member

Activity: 154

Merit: 100

Quote from: TACryptoo on January 21, 2018, 09:51:05 AM

Hi guys , i have a lot of digibyte on my bittrex account but is it safe ? how big is the chance that i lost it ?

It is risky, we all know that. I Have been using Bittrex for a while, and i used to use this one as my main exchange, but they have frozen my account 10 days ago because i didn't have an enhanced account. They are not replying to my support tickets anymore.

e19293001

jr. member

Activity: 120

Merit: 1

I can say that the security of bittrex is strong because two of the founders Bill Shihara and Richie Lai are a security experts.

https://bittrex.com/home/about

Still, the site is prone to hackers and hackers would mostly target sites with lots of money.
The safest way is to put all your money on a wallet were you can control your private keys.

tekin_ural

member

Activity: 211

Merit: 15

They have a lot of trouble now due to IGNIS airdrop that they promised to support. There are many user lost a lot of money from this reason.

Crytptohack

member

Activity: 126

Merit: 15

HodL!

Quote from: OmegaStarScream on January 21, 2018, 09:52:44 AM

The exchange itself is reputable and exists a few years now but there is no guarantees about inside jobs, hacks etc. and that's why you need to use it for trading purposes only and not for storing your funds, you need to control your private keys at all times.

This sums it up, bascially to be safe get all of your coins off the exchange. Download their wallet to start and you may want to think about getting a hardware wallet like a Trezor or Ledger.

Gabz999

full member

Activity: 266

Merit: 107

Quote from: oddwh on January 21, 2018, 11:47:34 AM

Hello,

As with all exchange, it's hard to say if it's truely safe or not. In fact, this is safe until a hacker proves it's not Grin

And sometimes, even if a hacker steal some coins, it can be discovered a long time after the hack.

If you want to hold your coin in the long term, you should remove these from an exchange whatever is this exchange. The past has proven that all exchange will be hacked at least once, if it hasn't been already done. That doesn't mean the exchange will have to be shut down, but it's always better to avoid to trust other "useless" parties.

Well said ! Even it is really proven that it is safe, never trust any kind of exchange just to ensure your funds safety. If you have doubt about it and you don't feel comfortable on holding your coins in exchange, it is really advisable that you move your funds in a safe place were you have the control on its private key.

Topic: How safe is bittrex ? (Read 268 times)