Bittrex users experience withdrawal issues for months

One of the largest crypto exchanges, Bittrex, has not been able to let users withdraw money for several months already, and the users are complaining about deposits issues too
27 December 2017   610

The users of a major cryptocurrency exchange are continiously complaining about issues connected with maintaining financial operations on Bittrex. Mainly, the concerns are related to the long-lasting withdrawals, which users have to wait for to be conducted for long periods of time, and a huge part of the users does not have their money withdrawal confirmed for months.

Moreover, the users of the exchange are experiencing issues with transactions carried out between Bittrex and other exchanges, facing the problem of the transactions not being displayed in the Bittrex account and lack of replies from Bittrex Support service.

Reddit.com users comments towards Bittrex exchange issuesReddit.com user's comments towards Bittrex exchange issues 

The problems might be connected with the decision of the exchange to turn off new users registration which was made on December 14 for a DB upgrade due to a large spike in new user sign ups.

Although on November 29, Bittrex founder Rami Kawach claimed that the company had conducted an upgrade on the back-end system of Bittrex in order to address the rapid user growth and request load on the trading platform and it has been a month since the upgrade was implemented, the users are still experiencing too many problems with the exchange.

It is also worth noting that Bittrex reported about the new scam and phishing emails asking the users to provide API keys and secret codes. These emails mention Coinigy, but Coinigy company and Bittrex exchange warn the users that they are not any how related to those emails.

Bittrex exchange active marketsBittrex Exchange active markets

Apart from that, we have reported that the users of Binance were facing issues with withdrawals of IOTA, and most of them had not been able to withdraw the money for several weeks after sending the request.

Bittrex CEO Revealed Plans to Launch US Dollar Trading

The Chief Executive Officer of Bittrex Exchange stated in an interview that the exchange will soon open USD trading for the majority of the customers
01 February 2018   2369

Bill Shihara is a co-Founder and CEO of Bittrex, who previously was a Security Engineering Manager at Amazon and Manager of Security Threat Analysis and Security Engineering at BlackBerry.

In a recent interview with Unikrn radio, Bill Shihara revealed that the popular cryptocurrency exchange Bittrex will soon launch US Dollar trading on the platform. Those news are really big considering the recent problems connected with Tether (USDT). 

We will be doing US dollar trading. This won't be open to everybody, but we will have US dollar trading available for the majority of our customers. People who are interested, there is a separate, enchanced due diligence process around getting your account blessed for US dollars.
 

Bill Shihara

Bittrex CEO

As for the community reaction to the abovementioned news, many users suggest that the ticker USDT will be removed and changed for USD, but there is no confirmed information regarding this issue yet.