Bittrex announces the deletion of a total of 82 cryptocurrencies by 30 March. Bagholders should therefore first pull the coins from the stock market into their own wallets. For different coins, however, there is no possibility of withdrawal.

At Exchanges, the avid trader can often trade in a plethora of cryptocurrencies and tokens. Not only known crypto currencies such as Bitcoin or Ethereum are tradable on crypto exchanges such as Bitfinex, Binance or Bittrex, even unknown, obscure or now forgotten - let's call it - Shitcoins.

For a speculator, these micro-currencies can in principle be an interesting thing: You will find there coins whose value fluctuates between one and two Satoshi. Purchased intelligently and provided with a limit sell you can quickly generate a factor of two or more!

However, such a procedure also has its disadvantage: Especially crypto currencies with low trading volume are predestined for a delisting. The coins can then no longer be traded on the exchange or transferred to a separate wallet.

When does a delisting happen?

Bittrex is very transparent on the criteria that lead to asset delisting: in addition to regulatory standards, there are technological reasons, difficulties in contacting the team behind the coin, complaints from Bittrex clients, and low trading volume.

Now it's up to Bittrex to do such a big cleanup: Overall, the Exchange will remove 82 coins from the system. As of March 30th, customers will no longer be able to trade in these currencies and will not be able to claim them for themselves.

These are lesser-known cryptocurrencies. Unobtainium with a market capital of 25 million euros is still the largest. In addition, of the deletion cryptocurrencies around 40% are so unknown that they can not be found on Coinmarketcap. After all, 34% of currencies are not even transferable to their own wallets, which according to Bittrex is due to errors on the blockchains or wallets.

So, it's worth looking again until 30th March to see if you have large holdings in any of these currencies on Bittrex ;)