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Poloniex vs Bittrex 2019

Steven Hatzakis

Is Bittrex better than Poloniex? After scoring forex brokers on nearly 100 different features, Poloniex comes out on top with 3.50 stars over Bittrex's 3.00 stars.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Review Rankings

Feature Poloniex Bittrex
Overall 3.5 3
Comissions and Fees 4 3.5
offering of Investments 4 4
Platforms and Tools 3 3
Mobile Trading 3 1

Exchange Overview

Feature Poloniex Bittrex
Trust Score 93 86
Licensed or Regulated
Yes Yes
Accepts US Citizens (Residents or Persons)
Yes Yes
Active Trader or Premium/VIP
Yes Yes
Regulated in Emerging Hub
No No
Regulated in Major Hub
Yes Yes
Private Company
Yes Yes
Publicly-Traded Company (Listed)
No No
Minimum Initial Deposit
$0 Varies
Fixed bid/ask spreads
No No
Variable bid/ask spreads
Yes Yes

Security

Feature Poloniex Bittrex
Offers Two Factor Authentication (2FA)
Yes Yes
Offers Hosted Wallet
Yes Yes
Offers Wallet Hosted on Client-side
No No
Private keys can be exported
No No
Offers Passphrase or other recovery methods
No No
Holds Clients Funds in Cold Storage
Yes Yes
Offers Insurance on USD wallet
No No
Requires email verification for new login
Yes No

Pairs Offered

Feature Poloniex Bittrex
BTC/USD (or USD/BTC)
No Yes
BTC/USDT (or USDT/BTC)
Yes Yes
BTC/EUR (or EUR/BTC)
No No
BTC/ETH (or ETH/BTC)
Yes Yes
ETH/USD (or USD/ETH)
No Yes
ETH/EUR (or EUR/ETH)
No No
ETH/LTC (or LTC/ETH)
No Yes
LTC/USD (or USD/LTC)
No No
LTC/EUR (or EUR/LTC)
No No
LTC/BTC (or BTC/LTC)
Yes Yes
Offers Additional Crypto-to-Fiat pairs
No Yes
Offers Additional Crypto-to-Crypto pairs
Yes Yes
Offers Additional Fiat-to-Fiat pairs
No No

Trading Tools

Feature Poloniex Bittrex
Charting - Candlestick or Line Charts
Yes Yes
Charting - Multiple Time Frames
Yes Yes
Charting - Drawing Tools
No Yes
Charting - Indicators/Studies
5 103
Order Type - Market
Yes Yes
Order Type - Limit
Yes Yes
Order Type - Stop-Loss/Take-Profit
Yes Yes
QR Address Code Generator
Yes No
QR Address Code Reader
Yes No
Platform - Proprietary
Yes Yes
Platform - Third-Party
No No
Platform - Desktop
No No
Platform - web-based
Yes Yes
News Headlines
No No
Watchlist
Yes No
Demo account offered
No Yes
Depth Chart
Yes Yes
Order Book
Yes Yes
Winner check_circle

Mobile Trading

Feature Poloniex Bittrex
Android App
Yes No
iPhone App
Yes No
Alerts
No No
Watch List Syncing
No No
Charting - Multiple Time Frames
Yes No
Charting - Line Charts
Yes No
Charting - Candle Stick
No No
Charting - Drawing Tools
No No
Charting - Indicators/Studies
0 n/a
Pin Code or Fingerprint Login
Yes
QR code reader
Yes No
QR code generator
Yes No
Winner check_circle

Overall

Feature Poloniex Bittrex
Overall 3.5 3
Winner check_circle
To find the top fx brokers, the team here at ForexBrokers.com collected over 2,200 data points during a several month review of the forex industry. In this fx broker comparison, we will compare Bittrex vs Poloniex.

To assess both of these forex brokers, we will begin with cost. Comparing two fx brokers on cost is not easy. First, not every broker publicizes their average spreads. And, for the brokers that do publish their data, the formulas used to calculate average spreads can vary. Furthermore, the currency pair you are trading can impact cost, as well as the execution policies of the broker. Dealing desk or no dealing desk? The list goes on and on. To make comparing cost easy, we have a star rating that takes everything into account. Poloniex is a better option with a 4.00 star rating over Bittrex's 3.50 star rating.

Next to commissions and fees, regulation and currency availability are important to take into consideration. You want to trust and have confidence the forex broker you choose. Neither are regulated in a major hub. Neither are publicly traded companies. And, when it comes to total currency pairs available to trade, a quick comparison is helpful. Both Bittrex and Poloniex provide traders with access to total currency pairs.

To round out our comparison of Bittrex vs Poloniex, let's look at the tools and features most used by forex traders. For trading platforms, traders are all familiar with MetaTrader. Neither offers Meta Trader. With a platform picked out, looking at charts is a must so they should be of high-quality. As part of our research, we count the number of drawing tools and total technical indicators available. Both brokers offer clients access to the same number of charting tools, . Bittrex and Poloniex offer the same number of indicators (eg, volume), .

Bittrex Review
Poloniex Review


Trading CFDs, FX, and cryptocurrencies involves a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. All data was obtained from a published web site as of 02/18/2019 and is believed to be accurate, but is not guaranteed. The ForexBrokers.com staff is constantly working with its online broker representatives to obtain the latest data. If you believe any data listed above is inaccurate, please contact us using the link at the bottom of this page.

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