Bittrex locked me out | Bitcointalksearch.org

SirLancelot

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Quote from: Bragod on August 31, 2019, 01:58:14 PM

You should have reported the incident and written a review of Bittrex. New users should know as much as possible about exchanges. Both positive and negative sides. This will allow you to have objective information. Your experience will help to avoid unpleasant surprises with Bittrex. I recommend leaving a review here - https://www.trustpilot.com/review/bittrex.com and https://revain.org/exchanges/bittrex

I guess that you are confused too because if you see what op write, you will see that the exchange has no issue. Op is probably trying to extend to some transactions that has gone beyond their free level, and they already drafted policy of KYC, and the moment you chose to use the exchange, then you are agreeing to go by the rules.

If the op fail to follow their rule, what do you expect them to do, they should leave the system open because he is Mr. president\/ since he does not want to go by their rues, they have every right to actually lock him out and that I dint think there is even need for reviews about them because they have not done anything so bad to me. Op does not want KYC then he should look for another exchange.

Bragod

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Quote from: jox on April 24, 2019, 07:51:26 PM

I have had the legacy account for years.
Bittrex locked me up about a week ago, so I made a successful ID verification, but I refused to make an extended KYC verification. They want a photo of my face along with the ID, but I disagree with it.
My argument is that they don't have my permission to own and keep my photo. From my point of view, it is a great risk to give them such a picture.
https://medium.com/@wilderko/how-does-kyc-aml-pose-a-serious-threat-to-your-privacy-and-should-not-be-used-at-all-88f7acd3f3b

I wanted to terminate account, but they always reply with asking for that photo.

So today they asking for our face photo with ID, and next time they will want maybe our DNA or other biometric identification. Who knows.
I don't understand how they can rob people in this way.

You should have reported the incident and written a review of Bittrex. New users should know as much as possible about exchanges. Both positive and negative sides. This will allow you to have objective information. Your experience will help to avoid unpleasant surprises with Bittrex. I recommend leaving a review here - https://www.trustpilot.com/review/bittrex.com and https://revain.org/exchanges/bittrex

fullhdpixel

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Quote from: arpon11 on May 27, 2019, 02:42:29 PM

We really need to understand this with the exchange platforms and id verification is to bring government confidence into cryptocurrencies. I think many dubious people are hiding under the anonymous nature of cryptocurrencies and bitcoin's transactions in particular to fund terrorism, hacking, scamming, stealing public fund and laund it through exchange and that is why it is good they know the identity of those that used their platforms.

When it comes to exchanges like Binance and Bittrex, they are the most respectable exchanges I have ever seen because they would not take any shit that would tarnish their image or mar the investment of their users.

If we make our right investigation, we will find out that op is probably the one at fault here which should be all about KYC and I don’t know why people who feel they are not dubious run away from KYC, if we trust an exchange and that is the only exchange we chose to use, I think the KYC is worth trying.

The only exchange I have been using is binance which I have done my KYC and have no reason to go drop my KYc again somewhere else.

arpon11

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We really need to understand this with the exchange platforms and id verification is to bring government confidence into cryptocurrencies. I think many dubious people are hiding under the anonymous nature of cryptocurrencies and bitcoin's transactions in particular to fund terrorism, hacking, scamming, stealing public fund and laund it through exchange and that is why it is good they know the identity of those that used their platforms.

shane

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Bittrex is not a bad exchange for me in terms of their service.

However, most of exchanges ask for a selfie of yours along with the photo ID to ensure that the photo ID is not a stolen one. This is doing for your own safety because if someone else who stole your photo of photo ID can pretend as you and do illegal activities which is known as identity theft.

Exchanges have to comply with the rules and regulations and they asked to take necessary measures to identify their customers. Therefore, we have to do it and pass the KYC verification though we don't like it.

andrrew7201

newbie

Activity: 5

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Bittrex Exchange- scam! I entered the password as usual, then I was asked to confirm via mail - no problem! Further entered the password from the phone-2FA verification-successfully! Translated Bitcoins, I bought a little bit, and when I was taken out they blocked me! On the letter - ask to wait! but you will wait for weeks, the ANSWER WILL NOT BE! they steal money! My account 3 years old- whey blocked 20 000 USD !

rijaljun

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Bittrex is always a good exchange, I never use it anymore since there are a lot issue was coming. Also, the identity verification made me stressful. In your case, if you want your account back then you need to follow their verification. If you are not willing to give them their needs, then you better to give it up. However, that instruction is also to avoid them from being money laundering place.

ausbit

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Quote from: Cosbycoin on May 02, 2019, 12:55:26 AM

Quote from: jox on April 24, 2019, 07:51:26 PM

I have had the legacy account for years.
Bittrex locked me up about a week ago, so I made a successful ID verification, but I refused to make an extended KYC verification. They want a photo of my face along with the ID, but I disagree with it.
My argument is that they don't have my permission to own and keep my photo. From my point of view, it is a great risk to give them such a picture.
https://medium.com/@wilderko/how-does-kyc-aml-pose-a-serious-threat-to-your-privacy-and-should-not-be-used-at-all-88f7acd3f3b

I wanted to terminate account, but they always reply with asking for that photo.

So today they asking for our face photo with ID, and next time they will want maybe our DNA or other biometric identification. Who knows.
I don't understand how they can rob people in this way.

Maybe they are suspecting some malicious activities in your account, so I would advise that if you have coins in that account, just carry out the verification since there is nothing else you can do about this, maybe a rule have been broken and the only way for them to get your account unlocked is to carry out KYC for you alone. I don't make use of bittrex for trading so I might not be able to say what really happened that your account was blocked, I like their platform but I am already making use of binance for my trading activities.

He must have probably harassed them through his mail with the issue of KYC which every one of them is now beginning to be strict with, another reason why I fell they are so adamant with the issue of KYC is because they are centralized exchange and being centralized, they have to still be care the way they operate by strictly following government law too, since we already know the nature of these exchange, we should not be finding it so hard to abide by their policies, if we can’t abide, then we should go for the decentralized exchanges. These exchanges are not willing to bend for the KYC.

Cosbycoin

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Quote from: jox on April 24, 2019, 07:51:26 PM

I have had the legacy account for years.
Bittrex locked me up about a week ago, so I made a successful ID verification, but I refused to make an extended KYC verification. They want a photo of my face along with the ID, but I disagree with it.
My argument is that they don't have my permission to own and keep my photo. From my point of view, it is a great risk to give them such a picture.
https://medium.com/@wilderko/how-does-kyc-aml-pose-a-serious-threat-to-your-privacy-and-should-not-be-used-at-all-88f7acd3f3b

I wanted to terminate account, but they always reply with asking for that photo.

So today they asking for our face photo with ID, and next time they will want maybe our DNA or other biometric identification. Who knows.
I don't understand how they can rob people in this way.

Maybe they are suspecting some malicious activities in your account, so I would advise that if you have coins in that account, just carry out the verification since there is nothing else you can do about this, maybe a rule have been broken and the only way for them to get your account unlocked is to carry out KYC for you alone. I don't make use of bittrex for trading so I might not be able to say what really happened that your account was blocked, I like their platform but I am already making use of binance for my trading activities.

eagle10

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Activity: 840

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Quote from: jox on April 24, 2019, 07:51:26 PM

I have had the legacy account for years.
Bittrex locked me up about a week ago, so I made a successful ID verification, but I refused to make an extended KYC verification. They want a photo of my face along with the ID, but I disagree with it.
My argument is that they don't have my permission to own and keep my photo. From my point of view, it is a great risk to give them such a picture.
https://medium.com/@wilderko/how-does-kyc-aml-pose-a-serious-threat-to-your-privacy-and-should-not-be-used-at-all-88f7acd3f3b

I wanted to terminate account, but they always reply with asking for that photo.

So today they asking for our face photo with ID, and next time they will want maybe our DNA or other biometric identification. Who knows.
I don't understand how they can rob people in this way.

Too bad for bittrex. I was also asked to verify uploading my ID to get approve for any withdrawal I will be made. So I need to verify it again with a selfie? We have been tricked of that extended KYC I didn't know there is. Now I know I should be aware now.

Xenrise

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Quote from: jox on April 24, 2019, 07:51:26 PM

So today they asking for our face photo with ID, and next time they will want maybe our DNA or other biometric identification. Who knows.
I don't understand how they can rob people in this way.

Most of the time, this is how KYC works. First you need to provide the picture of ID, next the picture of you holding the ID to verify that it is you. If you have big funds on trex then you should do the KYC verification in order to do so. Your account will be forever locked out.

erikalui

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Quote from: cryptothreads on April 29, 2019, 06:45:58 AM

Bittrex is facing many legal difficulties and requires KYC customers to be able to avoid money laundering problems. Most European exchanges always require this and it makes me very frustrated when participating in KYC so instead of choosing Bittrex, you should choose easier exchanges like Binance, Huobi, Okex, Coinbene because These are very easy legal exchanges and you don't need to do KYC when participating in trading

Huobi still requires KYC if you withdraw big amounts and for that you need to submit passport and selfie which is the same like Bittrex. Not sure about the other exchanges though.

joshy23

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Quote from: cryptothreads on April 29, 2019, 06:45:58 AM

Quote from: moynul2050 on April 25, 2019, 07:51:54 AM

nowadays Bittrex is starting to get tight, they don't want to be careless people who can trade on their platforms, I think this is very good. this is also for the security of their platform.
mandating KYC is one of the best ways to start improving the registration system of traders in Bittrex.

Bittrex is facing many legal difficulties and requires KYC customers to be able to avoid money laundering problems. Most European exchanges always require this and it makes me very frustrated when participating in KYC so instead of choosing Bittrex, you should choose easier exchanges like Binance, Huobi, Okex, Coinbene because These are very easy legal exchanges and you don't need to do KYC when participating in trading

That's how things will work now, changing the exchange site is the best options not being trapped, many available exchange who can cater what bittrex can provide, it should be a good reference, learn from this scenarios and avoid having difficulties with your own money.

cryptothreads

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Quote from: moynul2050 on April 25, 2019, 07:51:54 AM

nowadays Bittrex is starting to get tight, they don't want to be careless people who can trade on their platforms, I think this is very good. this is also for the security of their platform.
mandating KYC is one of the best ways to start improving the registration system of traders in Bittrex.

Bittrex is facing many legal difficulties and requires KYC customers to be able to avoid money laundering problems. Most European exchanges always require this and it makes me very frustrated when participating in KYC so instead of choosing Bittrex, you should choose easier exchanges like Binance, Huobi, Okex, Coinbene because These are very easy legal exchanges and you don't need to do KYC when participating in trading

rapsa2018

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Bittrex is already restricted need some kyc, if you dont pass kyc on their exchange you don't have any rights to withdraw your money from it so its hard to trade there also.

erikalui

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Do you have any balance in that Bittrex account? I have completed my KYC details along with their selfie requirement but if you don't want to go through it, you should try sending them the mail and if it doesn't work and you have coins that aren't worth much, it's better to leave it. Most exchanges force users to go through verification before giving them their own money back while they did not require it before when we created the account in 2017.

jox

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Quote from: tomahawk9 on April 25, 2019, 12:32:17 PM

Quote from: jox on April 24, 2019, 07:51:26 PM

So today they asking for our face photo with ID, and next time they will want maybe our DNA or other biometric identification. Who knows.

LOL you're overreacting. You need to understand that them asking for KYC verification is to protect them and protect you, if you don't understand how that works, then you're better off using a DEX.

Quote from: jox on April 24, 2019, 07:51:26 PM

I don't understand how they can rob people in this way.

They're not robbing anyone (if you think they are, provide proof). They're simply asking for KYC because they need to comply with regulations. Plus, they want to verify the identity of the account owner, if you have nothing to hide, just submit your id photo.

They do not comply with any EU GDPR regulations.
https://www.gdpreu.org/the-regulation/key-concepts/consent/

They do not have my consent to own what they want. They are using users's funds as hostage to enforce users to give them what they want.
Enhanced KYC verification (Selfie with ID in hand) has nothing to do with security, just my opinion as IT guy.
For security we have password, 2FA, IP whitelist and so on.

Quote from: sujonali1819 on April 25, 2019, 08:22:57 AM

Quote from: jox on April 24, 2019, 07:51:26 PM

~snip
I don't understand how they can rob people in this way.

Why you are saying they rib people in this way? We all know that bittrex is one of the large crypto exchange in the world. I think they have more reputation and they don't try to rib people since as a large exchange. They just trying to maintain crypto regulation and want to provide high security for the trader.

Since they have already locked your account so you must pass the KYC verification to In motion your account again. Just skip KYC if you have little balance which you can consider Or if you have a high amount in the exchange then you should pass the KYC to save your balance IMO. Good luck dear!

I can't manage my funds or do any withdrawall so they just robbed me. On Kraken exchange I can make withdrawall or trade without KYC.

They are also responsible for loses or not realized gains because I can't trade and do risk management with my funds.
I can't terminate my account, I can't do anything. Just to say good bye to my funds.

justspare

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Well, you caused it, there is not much to wish you can change about the KYC policy they are all being crazy about, that KYC has gone so deep into them and I see no form of action or rebellious attitude that will make then change their position.

It is their company and they have the right to make a policy that suits their business even if it doesn’t favor us, rather than fighting it, we can just simply follow the request if we have found ourselves in and walk out after getting what we want to look for an exchange that doesn’t require KYC. I have done KYC on only 2 exchanges and I dint think it is that terrible as we think, provided we don’t go about dropping of KYC on every exchanges.

nydiacaskey01

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Unfortunately its their site so its their rule that we have to follow. If we want to continue to use their site and they demand us to submit some documents then we have to follow their rules. There are other trading sites there that allows us to use their site without sending those that they requested.

rodel caling

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Quote from: Lakai01 on April 24, 2019, 11:42:20 PM

Exchanges fear incoming regulations, thats why they require KYC now alltogether. Compare it to banks, you wont be able to open up a banking account without KYC. Its a step in the right direction in my opinion, the wild west mentality in this market scares any serious investor.

Oh that really true by the way I am also bittrex user before for my trading job but i recently not using bittrex because for the mean time i stop working in trading because of some personal reason, I'll check this issue about bittrex update requirements kyc.

Topic: Bittrex locked me out (Read 601 times)