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In the world of digital currencies, there is no dearth of cryptocurrency exchanges, but there are two exchanges which are responsible for the Altcoin trading volume increasing every day. Bittrex and Poloniex stand a big place in the cryptocurrency market and they both share some similarities and differences.
Poloniex and Bittrex both are the most popular exchanges for cryptocurrencies, particularly for their Bitcoin to alternative (Altcoin) trade-pairing options. The important thing to note here is that neither of them accepts fiat currencies, deposits, withdrawals or trading. These exchanges deal exclusively in cryptocurrency.
What is Bittrex?
Founded by Bill Shihara, Richie Lai and Rami Kawach in 2014, Bittrex is a cryptocurrency exchange which is based in Seattle, USA. The founders of Bittrex knew that cryptocurrency needed safer digital currency exchanges because they had all worked as security professionals at Amazon and Microsoft. Lai, Shihara and Kawach were the perfect team for cryptocurrency exchange development that clients could easily trust on.
What is Poloniex?
Tristan D’Agosta founded Poloniex in 2014. The cryptocurrency exchange is based in Delaware, USA. D’Agosta is a different kind of entrepreneur to the team at Bittrex. He has worked as a freelance composer and bagged a degree in music from the Rutgers University. Once, he used to run a company called Polonius Sheet Music which confirms that crypto is really for everyone.
Bittrex vs. Poloniex – Comparison
What is the better alternative? Bittrex or Poloniex, both of the platforms are well-designed trading exchanges. They both are respected in the blockchain community and both have some good features in common. Bittrex and Poloniex are both good trading platforms however not recommended for beginners. When you are ready to make more advanced trades then Bittrex and Poloniex are the good places to learn.
If you want to learn about new coin markets then Bittrex is the best exchange for you or if you want to try more exciting trading styles then sign up with Poloniex. Now, when you know everything about Bittrex and Poloniex, let us know which exchange you would with to create your own cryptocurrency exchange or trade upon.
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