Mobile and Desktop Trading
Bittrex’s trading platform is not suitable for beginners. There is advanced charting, order books and trading tools that will appeal to the experienced trader, but beginners may want to stick with the instant buy option. When using instant buy, you simply need to select the coin you wish to purchase along with your payment currency (USD, EUR or USDT) and then enter the amount you wish to purchase. Enter your card details and hit buy. Although paying with a credit or debit card is easy, there will be a 3% fee charged in addition to the trading fees and any conversion rate fees your bank or credit card provider charges. Overall, using Bittrex to buy crypto can be expensive. If you’re able to link your bank account, you will still have to deal with the CAD to USD exchange rate, but at least deposits on Bittrex are free.
Bittrex app interface
Bittrex app interface while trading
Bittrex does not have many features. There is no staking or lending, crypto Visa cards, or NFTs. Bittrex is purely geared towards experienced traders who wish to have access to advanced tools when buying or selling cryptocurrencies.
When it comes to tokenizing stocks on Bittrex, it operates in the same way as CFDs (Contracts For Differences). It means you can speculate on the future value of stocks without actually owning the shares.
Bittrex’s mobile app is easy to use and well-built. You can view the markets, your order history and portfolio. You can also use the instant buy option. If you’re looking for advanced tools such as order books and charting, the app has that as well. The app has a 4.4-star rating from 120 ratings on the Apple App Store and a 4.3-star rating from almost 4,000 ratings on Google Play.
Poloniex does not offer credit/debit card purchases for Canadians. The only way to purchase crypto on Poloniex is to use a Simplex bank transfer. To link your bank account, you will need to verify your account. Once you’ve done that you can click the “buy crypto” button, enter the coin you wish to purchase and follow the onscreen steps.
Once you have bought crypto, you can use the exchange to trade. The trading platform itself offers all the advanced tools that experienced traders will appreciate.
Poloniex also offers a decentralized exchange where you can trade many TRX and USDT pairs against low-market cap coins that aren’t on centralized exchanges.
Poloniex’s mobile app has a 4.6-star rating from 2,000 reviews on the Apple App Store and a 4.3-star rating from over 6,000 reviews on Google Play.
With the app, you can see market data, your wallets and portfolio, and order history. You can make deposits, trade futures and access spot or margin trading. The app is useful for anyone who wants to make advanced trades on the go and it has many positive reviews.
Poloniex app interface
Poloniex app interface while trading