Cybersecurity is of our prime concern in the highly digital world that we live and want to thrive in. The Internet is not just an added experience anymore- it is now what human lives are based on. And with tons of different services online, it was time for money to go digital. That’s when cryptocurrencies entered the big picture and with so many varieties, came up the crypto exchange platforms. Bittrex is one of the exclusive exchange platforms that has been made public. It was created or initiated by three cybersecurity majored engineers and they took it to a new level by associating a human face to the blockchain network. Here, in this read, we’ll be discussing a specific subject- Bittrex error generating address along with the steps involved in the process to sign up, causes of the error, and so much more that you’d need to know for improving the experience with the safest exchange that exists.
Steps to sign-up for the Bittrex exchange platform
This section of the read will be introducing you to the explicit steps you’d need to undergo for completing the sign-up on the Bittrex blockchain network:
- Initiate the procedure by getting inside the Bittrex login portal.
- On reaching the other window, search and go for “Sign Up”.
- Decide your choice between “Personal/Corporate” accounts.
- For the next step, go ahead and share the requested data.
- Make sure of the data validity and head for “Create Account”.
- Get your Bittrex-registered email verified on the platform.
- Read the distinguished terms & conditions and accept them.
- Try using the Latin (English) characters for typing the data in.
- Proceed with submitting a government-issued ID and “Continue”.
Note: That is all you need to do to go up on the Bittrex platform with your own account.
Causes of the error message when generating address
Some cryptocurrencies are known to have several different address formats and Bittrex may have difficulty in providing support to all of them. If the “Invalid Address” error is displayed on your screen while you try to make a withdrawal, it would mean any one of the following and that can be seen as the major reason for the Bittrex error generating address:
- Withdrawal of funds to any old cryptocurrency address that has an invalid format.
- Withdrawal of funds to any new address that operates on a format that isn’t supported yet.
- Mistakenly providing withdrawal address in the Address field and not in the Description field.
Get the procedure right- choose to deposit coins this way
Since, the Bittrex error generating address is unavoidable if the causes are set right, here is the method we suggest you choose to deposit funds on the app:
- Sign in to your pre-existing Bittrex account and go at the bottom for “Holdings”.
- Hit “Deposit” and look for your desired cryptocurrency for depositing.
- Thoroughly read and accept the pre-set instructions of funds’ Deposit.
- On getting prompted, copy-paste the deposit address to the clipboard.
Note: If you do not have a previously generated address, go for it when asked.
Using the Instant feature to purchase coins
Bittrex error generating address can also be avoided if users go on to use the exclusive “Instant” feature by Bittrex. Here, are the steps that you’d need to go through if you use the instant buy approach on Bittrex and make sure that you deposit the funds the right way:
- Log into the newly created Bittrex account and hit “Instant” at the bottom.
- Select from the list of cryptocurrencies that you’d like to purchase.
- Select the desired amount that you wish to purchase in US Dollars.
- Proceed by submitting your MasterCard/Visa debit card details on the platform.
- Once, all typed-in data checks out, “Confirm” the purchase that you’d like to make.
Note: Make sure you get fiat-enabled with your USD before making any purchases and if you do not have an address from before, you’ll be asked to create a new USD Bittrex address followed by the new deposit method we’ve mentioned earlier, which will further lead you to make instant crypto purchases.
Bittrex has been announced as the safest exchange platform for being crafted by three engineers who mastered cyber security and we all know that online safety is a great concern for now. This read would help you know the registration steps for Bittrex, the reasons for experiencing Bittrex error generating address, along with steps to resolve it with the new deposit method and purchase method.