How to Open a Bittrex Account
In order to trade the small exchange-traded coins and tokens we target in Crypto Asset Strategies, you’ll need to open a Bittrex account.
Like Coinbase, Bittrex is a reputable and secure cryptocurrency exchange. However, there are a few key differences between the two:
- Coinbase – allows purchase of “large cap” cryptocurrencies (bitcoin, Ethereum and Litecoin) with U.S. dollars
- Bittrex – allows purchase of smaller and emerging cryptocurrencies. Only accepts bitcoin and Ethereum for purchases.
In Crypto Asset Strategies, you’ll need a Bittrex account (funded with bitcoin or Ethereum) in order to buy our recommendations.
Please follow the instructions below to set one up. You’ll need your smartphone, as well as a couple of forms of identification.
Step 1: Register for a Bittrex account.
Step 2: Check your email for a verification email from Bittrex. It will look like this.
Step 3: Follow the prompts, then log in using your selected username and password.
Step 4: For added security, Bittrex will require you to confirm your IP address. Click on the “click here to log in” link. It will look like this.
Step 5: Once logged in, select the green button that says “upgrade to enhanced.” This step will allow you to submit your ID documents, which is required in order to purchase cryptocurrencies.
Step 6: For this step, you’ll need to provide Bittrex with photocopies of your driver’s license (back and front) or a copy of your passport. You’ll also need to provide an unobstructed photo of your face. Please follow the prompts to upload these documents. After successful submission, you’ll see a message like this one instructing you to refresh your browser after 10 minutes.
Step 7: After 10 to 15 minutes, you’ll refresh your browser and see a confirmation message letting you know that your identification documents have been received and verified. At this point, you’re ready to explore Bittrex!
But remember, in order to make purchases on Bittrex, you’ll need to fund your account with bitcoin that you own in Coinbase or another wallet.
See my instructions for transferring bitcoin from Coinbase to Bittrex for step-by-step instructions.