Bittrex – Introduction
Bittrex is an American made company built by Security Professionals who claim to be crypto coin backers. Between the developers they have 50 years of security and development experience. And considering how many security mishaps we have had lately, we need to make sure the crypto currency world doesn’t have an increase of these episodes. The most recent news worthy incident was Target. Somewhere in the neighborhood of 70 million customers were effected by this “hack”. Click here to find out more.
In mid-December 2013, we learned criminals forced their way into our system, gaining access to guest credit and debit card information. As the investigation continued, it was determined that certain guest information was also taken. The information included names, mailing addresses, email addresses or phone numbers. We have partnered with a leading third-party forensics firm who is thoroughly investigating the breach.
Occasionally you will read about a developer swindling their users, but in terms of a network getting hacked there had only been 3 cases so far as of March 2014. In such a tech savvy world there is always the scenario of programmers who develop a security platform, then a hacker finds a way in. Then the cycle starts all over. So obviously staying one step ahead of the game is important, but its not always that easy. So the Bittrex Exchange is going to have a strong sense of security on their platform. One of the main concerns of consumers is security. They want to feel safe. Bittrex understands that in order to compete with fiat currency, the security systems must be state of the art. Part of their mission statement is to be the “fastest and most secure trading platform available.” Currently they are working with 12 other currencies.
Bittrex Exchange Features
Some of the features of the Bittrex Exchange platform include, obviously their secure platform, a trading engine that is custom built, quick transaction times, and Complete/Easy Rest API. Bittrex only employs the top technologies for security. As part of these technologies, Bittrex is able to ensure 80-90% of the funds will be offline and “safe”.
Secure platform– We know that security makes the difference and to that end Bittrex employs the most reliable security technologies available. As part of this approach, we leverage an elastic multi-stage wallet strategy ensuring that 80-90% of funds are offline and safe. Additionally, two-factor authentication is required for all withdrawals and API usage. At Bittrex, security will always be a key factor that impacts every development decision we make.
Custom built trading engine – Our custom trading engine was designed to be scalable using elastic computing. The Bittrex platform processes and executes orders as soon as they are placed so you will never see a crossed order book or delay in processing of any trades.
Fast deposits and withdrawals – Our highly efficient and automated monitoring platform allows us to give you the fastest transactions available today. This includes updates on balance, trade, and wallet information. You will never be left wondering where your funds are or if your deposits are blocked, as information is always up to date.
Complete and easy REST API – Our full featured set of APIs allows you to withdraw as easily as you deposit, as well as trade, and exchange. Bittrex was built with high frequency trading in mind. We have designed the most complete API set for developers to build on our platform.
*For more information on this Exchange, Please Click Links Below :
- Luis R Montoya III
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