[ANN] Bittrex - Next generation exchange (btc/ltc/eac/ppc/rdd/ftc/and more)

[dodgrad]

Hello,

I found a bug on Bittrex,
I was trying to contact with their support but after I wrote a scenario they answered completely without understanding the problem.

So let me show to all of you, the Bittrex calculator bug:

The math formula is incorrect.
I know the correct formulas for all of the inputs (check my recent post history).

I can share the solution if someone will ask me nicely.


EDIT:
Basically,

The incorrect/bugged formula looks like this:

Code:

ASK_quantity = ( ASK_rate *  ASK_total_commission_included ) + ( ( ASK_rate * ASK_total_commission_included ) * (  Bittrex_commission / 100 ) )

Check: ( 1 * 0.9975 ) + ( ( 1 * 0.9975 ) * ( 0.25 / 100 ) ) = 0.99999375

The CORRECT (ASK orders) formula looks like this:

Code:

ASK_quantity = ( ASK_total_commission_included * ( 100 / ( 100 - Bittrex_commission ) ) ) * ASK_rate

Check: 0.9975 * ( 100 / 99.75 ) * 1 = 1.00000000

For the BID orders, the correct formula is:

Code:

BID_quantity = ( BID_total_commission_included * ( 100 / ( 100 + Bittrex_commission ) ) ) / BID_rate

Check: 0.9975 * ( 100 / 100.25 ) / 1 = 0.99501247

You're welcome.
I will not disdain the reward for this find ;-)


Best wishes.

I hope this bug is only in calculator not in the main transaction dashboard..   

Bittrex should definitely reward you not only for finding this bug but also for correcting it!

Good job roslinpl!

[STT]

I found a bug on Bittrex,
I was trying to contact with their support but after I wrote a scenario they answered completely without understanding the problem.

Seems like every support is similar because I had similar kinda responce from a mainstream bank one of the worlds largest operating in every country and their reply is just to just copy and paste a few times quickly what might fit my query.    I worked in support myself I know the cookie cutter approach is basically how its taught to them.

What I had to do with my question was reply (politely) acknowledge their answer and its correctness but also raise the fact the impossible has happened and there is an imperfection in their website/software.   It can take upto a month or more before you get past the automatic bot like replies and get someone to read your query and consider you might not be a customer trying to use the CD drive for a coffee cup holder.
   Sadly I recognise this scenario, kudos for the formula laid out for them    copy and paste that into the code maybe  

Bittrex I've found pretty good overall when I spoken to them relative to most experiences

[roslinpl]

(...)

EDIT:
Basically,

The incorrect/bugged formula looks like this:

Code:

ASK_quantity = ( ASK_rate *  ASK_total_commission_included ) + ( ( ASK_rate * ASK_total_commission_included ) * (  Bittrex_commission / 100 ) )

Check: ( 1 * 0.9975 ) + ( ( 1 * 0.9975 ) * ( 0.25 / 100 ) ) = 0.99999375

The CORRECT (ASK orders) formula looks like this:

Code:

ASK_quantity = ( ASK_total_commission_included * ( 100 / ( 100 - Bittrex_commission ) ) ) * ASK_rate

Check: 0.9975 * ( 100 / 99.75 ) * 1 = 1.00000000

For the BID orders, the correct formula is:

Code:

BID_quantity = ( BID_total_commission_included * ( 100 / ( 100 + Bittrex_commission ) ) ) / BID_rate

Check: 0.9975 * ( 100 / 100.25 ) / 1 = 0.99501247

You're welcome.
I will not disdain the reward for this find ;-)


Best wishes.

Hello,
The final fix: it should be divided by ASK_Rate in both cases - ASK and BID.

The CORRECT (ASK orders) formula looks like this:

Code:

ASK_quantity = ( ASK_total_commission_included * ( 100 / ( 100 - Bittrex_commission ) ) ) / ASK_rate

Check: 0.9975 * ( 100 / 99.75 ) / 1 = 1.00000000

Best wishes.

[kostepanych2]

ESET Nod32 started swearing at socket.bittrex.com...
And there was no such thing earlier...
May be there are some new problems with security on Bittrex?

[Bostraticus]

You should know that Bittrex can block a verified account after a long time of use. This happened to me recently and they simply ignore my appeals for support (1532649). I’m confused and don’t know what to do ... I lost a few thousand dollars and don’t know if I can get them back. It looks like a new type of fraud.

[kostepanych2]

Why the DASH withdraw fee is so big?

0.05 DASH = 3.6$

It's bigger then BTC withdraw fee...
Maybe devs have put a comma in the wrong place?  

[kostepanych2]

Why the DASH withdraw fee is so big?

0.05 DASH = 3.6$

It's bigger then BTC withdraw fee...
Maybe devs have put a comma in the wrong place?  

Wow, that's probably the highest withdrawal fee (of DASH) among all of the coins listed at Bittrex.

Let's compare it with a few other notable exchanges:

Binance = 0.002 DASH
Bitfinex = 0.01 DASH
HitBTC = 0.03 DASH

 

Yep... It's a highest withdrawal fee in Bittrex and highest withdrawal fee for Dash among all exchanges...
And it is absolutely inadequate...
So I suppose it's just because devs have put a comma or dot in the wrong place...

[adamvp]

In the light of rumors some main exchanges data leak I am curious about bittrex clients personal data safety..
As we know bittrex forced its customers to KYC even if they have low amount of crypto - but are bittrex exchange really able to protect our data?

[gembitz]

In the light of rumors some main exchanges data leak I am curious about bittrex clients personal data safety..
As we know bittrex forced its customers to KYC even if they have low amount of crypto - but are bittrex exchange really able to protect our data?

this is what i have been saying for the past year when they asked me for my personal info..theres something not right about this exchange anymore ~ just connect the dots to cryptopia and it will become clear !    i want my coins back now !!!

[adamvp]

I extremally suprised that this topic is so empty in the last days :O 

[Raja_MBZ]

I extremally suprised that this topic is so empty in the last days :O 

Yes, it seems like most people around aren't very interested in discussing Bittrex these days.

Hereby, I'll try to sum up all the major updates of the last 30 days (of Bittrex):

-Listing of Decision Token (HST)
-Listing of Fusion (FSN)
-Support of Metadium (META) token swap
-Addition of USDT-GRIN market pair
-Listing of Metadium (META)
-Listing of GRIN
-Listing of Serve (SERV)
-Listing of HXRO
-Listing of Cortex
-Distribution of BitTorrent Token (BTT) airdrop

[Zalaster]

In the light of rumors some main exchanges data leak I am curious about bittrex clients personal data safety..
As we know bittrex forced its customers to KYC even if they have low amount of crypto - but are bittrex exchange really able to protect our data?

Why not use services without registration? This will help protect your data and funds since you do not store them in your account, and in addition, you do not need to go through KYC. You can use Changenow or Coinswitch for example.

[Raja_MBZ]

Received an e-mail from Bittrex, system maintenance on February 27:

....We are making this upgrade to continuously meet the growing demand and interest from current and new digital asset customers around the world.
 
Below, you’ll find everything you need to know regarding changes to our platform during the update which starts at 21:00 UTC on February 27th.
 
What can Bittrex customers expect during the planned upgrade?
 
Bittrex.com and International.Bittrex.com will remain online, customers will continue to be able to login and check their balances and customer assets will remain secure throughout the upgrade.
Wallets will be unavailable for up to 24 hours beginning at 21:00 UTC on Wednesday February 27th; deposits and withdrawals will be disabled until wallets are back online.
All markets will be offline and trading will be suspended for up to three hours beginning approximately at 22:00 UTC.
During the update any partially filled orders will be cancelled. All other open orders will remain on the order books.
Follow our social media channels for real-time updates on the day of the update.
 
What benefits will users notice once the update is complete?
 
Once the update is completed Bittrex and Bittrex International users will enjoy noticeably faster orderbook updates and overall order execution. The updated site will have the capacity to execute even more orders per second. In fact, after the upgrade, your orders will be processed at a rate 20 times faster than before.
 
Will there be any additional improvements from the update?
 
The update is paving the way for a collection of exciting features that will be rolled out on Bittrex and Bittrex International throughout 2019. Some of these features will include:
 
Maker-Taker and other features for liquidity providers and high-volume traders
New ways to add fiat to your accounts
Account management improvements (access to full transaction history, account statements, and more)
New order types and options, including Market Orders
More Flexible Conditional Orders which will eliminate the need for reserve funds when making conditional orders, allowing traders more flexibility without tying up money in conditional trades. (NOTE: Conditional Orders will be disabled until this updated functionality goes live)
And, much more - so stay tuned!
 
Will any features be disabled after the update and what happens to open orders during the upgrade?
 
As stated above, Conditional Order types will be temporarily disabled on the Bittrex and Bittrex International platforms. Keep watching for an announcement on our blog and on our verified social media channels for updates about when this feature will be re-enabled.
....
Finally, partially filled orders will be cancelled when we take the markets offline for the upgrade. Specifically, customers with existing, partially-filled open orders will have the remainder of their unfilled orders cancelled during the update, which starts on February 27th at 21:00 UTC. Please note the time and date of the update and take appropriate measures to complete or cancel orders prior to the markets going offline for the upgrade.

[a.denis1]

I received an email apparentrly from Bittrex saying they are selecting accounts for desktop aplications beta testing . Can It be true or is it nothing more than phising mail ?
I am nnot able to find information about this desktop application under development.

[Raja_MBZ]

I received an email apparentrly from Bittrex saying they are selecting accounts for desktop aplications beta testing . Can It be true or is it nothing more than phising mail ?
I am nnot able to find information about this desktop application under development.

I've not received any such e-mail from Bittrex, and there's no information/update available (on any of the official social media channels of Bittrex) regarding any sort of desktop application (of Bittrex). I'd recommend you to ignore that e-mail!

[adamvp]

Does bittrex international report to tax authorities?

I think question should be not if but rather when ]:->

Still almost no posts here in the topic and I wonder what is listing/delisting policy of Bittrex - can anyone tell something about it?

[nydiacaskey01]

Does bittrex international report to tax authorities?

I think question should be not if but rather when ]:->

Still almost no posts here in the topic and I wonder what is listing/delisting policy of Bittrex - can anyone tell something about it?

Richiela is not active in this forum. Last time Richiela logged in was June 19, 2018. Known admins of Bittrex is active in twitter. if you wan't to reached them, they respond but not as quick as you think they will. Below is the twitter id's of known Bittrex admins.

richiela

Rami

[Boriss]

In the light of rumors some main exchanges data leak I am curious about bittrex clients personal data safety..
As we know bittrex forced its customers to KYC even if they have low amount of crypto - but are bittrex exchange really able to protect our data?

this is what i have been saying for the past year when they asked me for my personal info..theres something not right about this exchange anymore ~ just connect the dots to cryptopia and it will become clear !    i want my coins back now !!!

It was only a matter of time before they would actually starts asking for verification, Bittrex international is obviously under EU law so no surprises there.

[free-bit.co.in]

We’re committed to providing a reliable and secure trading platform for our customers. As part of our security and compliance measures, we require ID verification. This measure helps prevent theft, fraud and abuse on our trading platform and assists with our efforts to comply with applicable laws.
 
Please complete an enhanced verification for your account within the next 14 days. This action will ensure your account remains active and fully operational. Our automated ID verification process is fast and easy. In fact, the vast majority of our customers get verified in less than 15 minutes.
 
If you are unable to complete the enhanced verification within the next 14 days your account will be disabled.  If your account is disabled, you will need to ID Verify your account and open a support request to have your account enabled

Bittrex exchange I lost all hope for you...I won't give you any of my infromation...Binance rocks!!!

Goodbye Bittrex..and hello Binance!

[gembitz]

In the light of rumors some main exchanges data leak I am curious about bittrex clients personal data safety..
As we know bittrex forced its customers to KYC even if they have low amount of crypto - but are bittrex exchange really able to protect our data?

this is what i have been saying for the past year when they asked me for my personal info..theres something not right about this exchange anymore ~ just connect the dots to cryptopia and it will become clear !    i want my coins back now !!!

It was only a matter of time before they would actually starts asking for verification, Bittrex international is obviously under EU law so no surprises there.

they wanted a picture of my private parts ...!