What is Bittrex?
Bittrex is a Seattle-based cryptocurrency exchange founded in 2014. Bittrex stood out as a security-focused centralized exchange, offering 2FA to all users early on. In addition, they employ a multi-wallet strategy such that most crypto assets are stored in cold storage at any given time. Bittrex supports individual and corporate accounts and allows the trading of over 400 cryptocurrencies, including the major ones like Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and Cardano (ADA). They also offer a mobile app to view your Bittrex portfolio and trade on the go.
Bittrex has historically been a crypto-to-crypto exchange, although now does support the ability to buy certain crypto assets with fiat, which requires customer verification. They have a Crypto tax guide for more.
What forms does Bittrex provide?
CoinTracker has partnered with Bittrex for a comprehensive tax center. You can use the Bittrex+Cointracker integration to generate form 8949 to file your crypto taxes.
How does CoinTracker work with Bittrex?
- Open the Bittrex API Keys page
- Click the Add new key... button
- Enable the READ INFO permission for the new key
- Click Save
- If applicable, enter your two-factor authentication code
- Copy the Key and Secret
- Open the Bittrex Orders page
- Click on Download History to download your order history for each year that you had trades
- Import the downloaded files, one at a time
Frequently Asked Questions
How do I get a Bittrex CSV?
CoinTracker has a direct API integration with Bittrex, so you can directly link to import transactions without having to download a CSV.
How do I get my 1099 from Bittrex?
You can download your 1099 form by clicking the Account tab in the upper right corner, selecting 'Tax Documents,' then clicking on the 'PDF' to Download your 1099. Note that 1099's won't be accurate if you've had transfers. Instead, you can use the Bittrex↔CoinTracker integration to get form 8949 which will be accurate.
What fees does Bittrex charge?
Bittrex charges maker and taker fees on transactions as you carry them out on your account. You can see the fee schedule here.
Is Bittrex safe?
Bittrex is one of the oldest crypto exchanges in the US, starting in 2014. They have had an emphasis on security from day one, where every transaction requires 2FA and most assets remain in cold storage. Bittrex has never been hacked or lost user funds. However, Bittrex is a centralized exchange which means they control your coins vs. a hardware wallet that would be fully yours and stored offline. There is a security vs. convenience tradeoff but Bittrex has been trusted by hundreds of thousands of users to date.
How does syncing work?
How transactions and balances get synchronized from cryptocurrency exchanges.
Do I need to pay tax on my cryptocurrency? How do I get started?
See our Crypto & Bitcoin tax guide
Which tax forms do I need to complete? Do I need to file FBAR or FATCA for international exchanges?
Have more questions about crypto taxes?
See our FAQ about taxes
Have more questions about CoinTracker?
See our FAQ about using CoinTracker
