Cardano and ZCash Listed on Bittrex
Bittrex, one of the major cryptocurrency exchanges has listed Cardano and Zcash on its platform. It has approved crypto-fiat trading pairs for these two cryptocurrencies and this decision is of great importance as it shows both the trustworthiness of a cryptocurrency and its legitimacy and legality.
Bittrex is one of the top 50 cryptocurrency exchanges by trade volume and the fact that it is approving crypto-fiat trading pairs for Cardano and ZCash is reassurance and proof of trustworthiness of these cryptocurrencies in different types of people – from experts to novices. This is because it provides an option to enter the crypto sphere regardless of whether you have experience in the field or not.
Bittrex made this announcement through its official Twitter account and the community responded positively. Just a few hours after the tweet was posted, there were 1000 likes and 500 retweets. The original tweet by Bittrex is as follows,
We’re rolling out more USD pairs. On Sep 5 we’re launching US dollar (USD) markets for Cardano (ADA) and Zcash (ZEC). Eligible #Bittrex accounts created before August are already enabled for USD trading. New user or want to deposit/withdraw USD? Details: https://support.bittrex.com/hc/en-us/requests/new?ticket_form_id=360000047992 …
USD – ADA … YES!!!!!
yeeeees! As a #cardano believer this is a huge addition. Gotta give it to you, so far bittrex has been the best exchange i have used. Very solid experience and your customer support is actually great! Thanks!
Bittrex was my first love in crypto trading.
@LitecoinFam tweeted a question,
What makes this better than Binance? Curious cause I’ve had a bittrex for a while and used it a couple times.
To this, @Hylander69 responded,
Unless something changed and I missed it, you can’t transfer USD from your bank to Binance. You have to buy coins elsewhere first then send to Binance. The sooner they all allow direct transfers of USD and buying of all coins the better.
An important thing to note is that this crypto-fiat trading is not available for everyone yet. Because of regulatory reasons, this feature is available in only a few states across the United States. However, people across the United States are interested in having the fiat-crypto option as a lot of users tweeted when the feature would be available to their respective states to which Bittrex responded,
We hope to add additional states over time and will share when announced.
For users in those states where this feature is not yet available, Bittrex recommends them to use Tether (USDT) a coin that is pegged to the dollar and has a constant value of $1. The exchange also explains who can participate in the trade and states to be eligible the user must be living or operating
- Outside the united states, or
- In California, Washington State, Montana, New York State or Arizona within the US
- Corporate customers operating in Pennsylvania
Bittrex is a cryptocurrency exchange that is based out of Seattle, Washington. It is an important cryptocurrency exchange as it offers fiat to crypto exchanges and allows novices to enter the crypto sphere as well. It is the thirteenth largest crypto exchange by trading volume and has good reputation for its security and listing a number of notable coins. Often, the price of a coin reacts positively to a listing on Bittrex. Therefore, Cardano and Zcash will probably benefit from this addition.
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