Topic: Beware of Bittrex blocking withdrawals for "security" reasons - page 2. (Read 3975 times)

is there any  decentralized BTC exchange?

You're missing the point. What if it were your bank that suddenly said "Well guys, if you want to withdraw from an ATM from now on, you will have to confirm that you fundamentally exist by sending over all your personal information. Until then, you'll be limited to 10$ a day". All this off course with no prior notice.

I'm no drug dealer, I don't do any illegal shit with my cryptos. I just feel like I have to stand against being held hostage for bullshit reasons. And also, I don't want a company, that has no legal backing btw, to force me to give them personal information about myself. They are not a bank nor a government institution. They are just an exchange, nothing else, and unless I decide to get verified and consciously give them my personal information, they can go fuck themselves.


We're in Switzerland. I created my account some time this summer on Bittrex and my friend a while before I did, I was more of a polo user. We're not money laundring, but you'll have to take my word for it  . I'm not sure what coins my friend has on there, I think it's mostly BTC. I have bit of music, zen, exp etc. Nothing much, as I said, I got like 0.07BTC on there, hardly a sum no launder...lol


Mostly because their support is inexistant. I still have a ticket that has been open for 4 months. A lot of people tried to withdraw Sia coins at some point and their coins just got lost and Polo was incapable of fixing the issue in a quick manner. That's just one thing, there are probably others.

Sounds like most of you fuckers are really shady.  Whats the big deal in verification?  Why not provide them your address and name?  You and they are dealing with MONEY which is really sensitive stuff.

It takes less than an hour to verify.  I have no fucking sympathy for you people who insist on being anonymous for trading money for fucks sake like your some kind of druglord somewhere.

First, I am quoting your post as proof and to put a timestamp on it.

Second, I would like to know why there is a repeating pattern in all or most of the recent complaints on Bittex. I have noticed that the problem is always with the poster and his friend, or with just his friend. It would help if you tell us what country you are from, when you and your friends made your accounts and what coins are used in the exchange.

I speculate that there is a money laundering ring that has started using Bittrex.

Agree, but one question is interesting. What is the dislike for poloniex? Because I personally never had problems with her

its only a matter of time before you're greeted with a "new" account. I had a legacy account which recently converted to "new" and had to go through the doc process. not fun.

Decentralized exchanges are coming.  Komodo Platform's BarterDEX is in the works.  I opened a Bittrex account recently and went through all that hassle.  I think they did this to conform to KYC.  Bittrex is based in the US and if they don't collect basic information they would face serious legal consequences.  I lost a lot when Cryptsy folded so I don't keep anything in an exchange that I can't afford to lose.  This collections of data will only get worse until more decentralized exchanges pop up.

my bittrex account is legacy too i withdraw BTC today, more than 3 BTC..it went out.

they should have informed me about the change. now i have an account with coins and can't withdraw anything.


thats what they tell me after the login. but after i followed the link they write:


mhh, what now.

and what about this:

It takes less than an hour to verify.  I have no fucking sympathy for you people who insist on being anonymous for trading money for fucks sake like your some kind of druglord somewhere.

So a friend of mine was trying to withdraw a certain amount of coins from Bittrex (around 1 BTC) and was faced with the need to now become verified on Bittrex to withdraw anything above 0.025BTC (accounts created prior to the 1st of August have a limit of 0.025BTC, newer accounts have 0 (lol)).

I don't know how many of you use Bittrex, if this is old news and just a copycat of another topic, but I felt like it needed to be put out there.

This is what they state:

"Due to the large number of leaked username and password databases, we are making changes to withdrawals to limit the damage of unauthorized access to your account.  This is not a substitute to having strong and unique passwords, protecting your email account, and having 2 factor authentication on your Bittrex account.  Bittrex strongly encourages you to have 2 factor authentication.  "

Ok, I'm all for security, but if people dealing cryptos are stupid enough to put qwertz1234 as their password and not enable 2FA, it's their own fault for being stupid.

Then comes the fun part (all from their support section):
-----------
"Withdraw Limits

1. If your password has been changed, you cannot make a withdrawal for 24 hours
2. If your account does not have 2FA, you are limited to withdrawing up to 1 BTC (or equivalent) per day ==> wtf, I had 2FA enabled forever yet my limit is 0.025? So with less security you have a bigger limit. Wow. Much sence. Very secure.

3. Please check below to see what limit your account falls under.
Unverified Accounts created before 08/01/17: 0.025 BTC (or equivalent) per day ==> Hey, I mister miseeks, look at meee
Unverified Accounts created on or after 08/01/17: 0 BTC (or equivalent) per day
Basic Accounts: 3 BTC (or equivalent) per day with two-factor enabled. ==> I'm fine with that
Enhanced Accounts: 100 (or equivalent) BTC per day with two-factor enabled"

-----------

So I go ahead and enter some bogus name and address in their basic validation form. Hey, you can't blame a guy for trying: no official document is required for a basic account and nothing on their page states you have to input correct information (or I missed it). I click on the apply button and it says "verifying public records" or some other shit. Obviously, their results turn up empty. But oh wow, I can't even re-apply for a basic account with "correct" information. The only thing you can do from there is get an enhanced account where you need to take a selfie of yourself etc. Which is exactly what I, and any person involved into cryptos, don't want. I don't know the people at Bittrex.

Trying not to cringe...

Now, ok, I probably fucked myself I guess. But still, this poses a number of questions:

1. For one, I have never received notification from Bittrex that at some point in time, I would have to upgrade my account or be limited to 0.025 BTC a day
2. What public records are they looking up to check your info? What if I'm not in the public records they query? Imagine you have 2-3 BTCs on there that you can no longer withdraw
3. What happens if you unintentionally misspell your name or address?
4. Even if I get verified, take a nice smiling picture of myself and send over all my info, what guarantee do I have they won't use my information for other purposes? I tell you: not a single one! I don't know the people at Bittrex, and if a company I deal with starts to just change their T&C like that, stopping me from having access to my funds, you sure as fuck can't trust them.

I already knew you couldn't trust exchanges, but I thought this should be pointed out (again). Everyone should leave Bittrex (or any exchange for that matter) and stash their coins in their own wallets at home.

I know some or a lot of you will go ahead and say "big deal, just get verified and be done with it". Fuck no! This is not what the cryptos where made for. And at the very least, Bittrex should have communicated, which they haven't, and they should have made their due diligence and let people withdraw their fund before implementing all this BS. I'm sorry but this looks like a hostage situation or a play to identify everyone. Call me paranoid if you want, but their leverage is very simple and efficient: either you give them all your info or say bye bye to your coins and deal with the pain of withdrawing small amounts every day, for which you will of course pay the fees every time :-).

Lucky me, I only have like 0.06 BTC on Bittrex. I have opened a support ticket on their support page, no reply in 24 hours...

Yes, it is ridiculous - and you're right that they won't find you even when provided with true information - tested 

Is there anyone who passed the search in "public records"?