Topic: Why is Bittrex bad? (Read 141 times)

I'm "ashamed" to say that I'm a user on most of these major centralised exchanges. I use them for a variety of reasons, chiefly being access to alts that only certain exchanges have, for a period I also used them to "diversify" my investments through margin loaning. I managed to make quite good income, very low 3% or so monthly interest, but while they worked, I felt I was risking too much capital and have stopped storing so much there just for loaning out.

I can't say Bittrex is bad, without acknowledging that they have really the same problems Poloniex and others do. Slow support, neverending wallet maintenance issues for a lot of alts (I see at least one of my coins every day disabled for wallet maintenance, although this doesn't last long, it doesn't give me much confidence). They also recently implemented restrictions (limits rather) on orders. So no small orders, no ridiculous asking prices in the hopes you gain from flash crashes, etc.

Whatever it is, when you sign up for one of these, get yourself verified to the highest possible level. Set your account to the highest security settings. Then deposit. I find that I get decent support, in reasonable times... unlike the stories of many others. I feel this could be because they prioritise enhanced verified accounts?

BTW, you can't open a new account with Bittrex at the moment. They've stopped accepting new accounts temporarily til they increase their hardware and support capacities.

I am moving from Poloniex, due to my verification application having no update since I last applied about 6 months ago, as well as the slow service and long loading times I endure from the load Poloniex suffers.

I'd like to change to Bittrex. I find their exchange to be the smoothest to use as well as having an amazing arsenal of chart tools to work with.
However, in spite of my positive attitude towards Bittrex, I'd like to hear about the bad experiences too.

Why is Bittrex bad? Post below.