All USD holdings remaining on the platform following the Trading Suspension on 4 December 2023 have been converted 1:1 into a stablecoin (USDT) and are now available for withdrawal in the usual way, subject to the Terms of Service and applicable law. Bittrex Global has covered all fees associated with the conversion.
Please see the section below for additional questions that may arise during this process.
When will my USD be converted into crypto and will it be immediately available for withdrawal?
All USD funds remaining in your account have been converted 1:1 into the cryptocurrency stablecoin USDT (Tether). Your previous balance of USD is now reflected in USDT, which is available for withdrawal in the usual manner.
Will I be charged transaction fees for the conversion?
No, you were not charged transaction fees for the conversion. Bittrex Global converted your funds 1:1 to USDT and covered all fees associated with the conversion.
I can’t see my USD balance anymore, where did my funds go?
Since the conversion process has been completed, your previous balance in USD is now reflected in your USDT balance.
How can I withdraw my USDT once it has been converted?
First, you will need to ensure that you have a wallet for USDT set up at another exchange or wallet provider to be able to withdraw these funds. Bittrex Global supports USDT on the Ethereum network (ERC-20). Please ensure that your receiving wallet allows deposits for USDT on Ethereum. You may then review this article for detailed instructions on how to withdraw once you have done so. Please note- Tether (USDT) is a cryptocurrency, so withdrawals to your bank account are not supported.
What if the amount of USDT I receive is less than the minimum withdrawal amount for USDT?
The minimum withdrawal amount for USDT is 8 USDT plus one Satoshi (this value may change depending on network conditions). Unfortunately, if your holdings do not meet the minimum withdrawal size, there is nothing further we can do to assist.
Is the conversion a taxable event?
We suggest you reach out to a tax professional in your jurisdiction.