Bittrex locked me out - page 2. | Bitcointalksearch.org

magneto

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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.

It's certainly something that has had to be dealt with by a lot of old Bittrex users.

I personally have always believed that Bittrex and Poloniex should have allowed legacy users to terminate their accounts and withdraw their funds if customers chose to, without necessarily having to verify their identities.

Bittrex seems to be taking another stance on the matter with enforcing KYC nonetheless. You could try doing some more arguing with the Bittrex support, but if they insist on you completing verification, there is really nothing you can do on your side to avoid it, unless you want to forgo your balance. But that's the risk that comes with storing funds on an exchange - you never know what's going to be the next policy in terms of verification.

Bitum

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I got an email from bittrex about 3-4 weeks ago, where they said they would lock my account if I did not do KYC. I was forced to upload my ID, the whole procedure has max. 5 minutes and I was verified, although my address on id did not match the address in account (i recently moved to new flat). Nevertheless account is verified. You can not do it, just play by the rules, I think the whole thing is shit. 1-2 years ago was no problem at all, register with e-mail address and trade easily. Welcome to the reality, thanks to regulation of states

tomahawk9

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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.

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.

Ucy

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This happened to lots of people including me. I doubt they gave prior notice before introducing the KYC to enable traders move to somewhere else.. . I wasn't notified If they did.
My fund is currently on the exchange for almost a year now. I have forgotten it and moved forward.

prtty2gal2

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Oh sorry OP. It seems like that's what all of them are doing. Just like my Blockchain wallet that it was requesting that I should do a KYC and submit my photo, ID card and a video of myself (face), Lolzzz. After you have verified all that they will then allow you to exchange coins from the wallet and I have refused do that though I do know that they are trusted platform. Maybe you should do what they have requested of you, that's if you have money in your account that you want to get out. If not, then you can go for another exchange that is better. But I noticed most of them has started doing KYC, except Binance I think Roll Eyes

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CryptoReggae

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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.

Exactly, above all the battle for freedom cannot be managed as a total anarchy, it is time to change to make a leap.

BitHodler

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Quote from: Viscore on April 25, 2019, 09:51:54 AM

Not all exchanges, some still accepts traders even without KYC, I have account at Binance and Kucoin but I can still trade without KYC.
It could matter depending on the size of money you trade, but in my case I'm just an average trader so I don't play with huge money and I'm okay with the current set up.

Binance surely offers the freedom people are looking for, but that's how all exchanges started initially, where later on they couldn't fight against the urgent need to comply with the regulations in every country they operate in.

I have seen it myself how exchanges lowered their withdrawal limit from 2BTC to 1BTC, to 0.5BTC, to 0.1BTC, and the last step is that you no longer have the ability to withdraw your funds unless you verify yourself.

It's only a matter of time for Binance and Kucoin to do the same. Make sure you don't get trapped in with your funds, so keep an eye out for the aforementioned withdrawal limit adjustments. It sucks hard all this KYC nonsense....

Viscore

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Quote from: palle11 on April 25, 2019, 09:18:46 AM

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

I have had the legacy account for years.

Since you have had this account for years, maybe it is an update that is going on, thus requiring you to provide current data. Basically, most exchanges now are requiring for KFC, so that is possibly what this is.

Not all exchanges, some still accepts traders even without KYC, I have account at Binance and Kucoin but I can still trade without KYC.
It could matter depending on the size of money you trade, but in my case I'm just an average trader so I don't play with huge money and I'm okay with the current set up.

palle11

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

I have had the legacy account for years.

Since you have had this account for years, maybe it is an update that is going on, thus requiring you to provide current data. Basically, most exchanges now are requiring for KFC, so that is possibly what this is.

sujonali1819

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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!

moynul2050

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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.

kakonhat

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I can assume your concern and it's a really big concern for our identity. But as long as I know most of the biggest crypto exchange sites want those documents. I think they should change it or need to harden their security.

Lakai01

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Quote from: klaaas on April 25, 2019, 04:30:49 AM

I hear it more and more, Thanks for the post. It looks like they are tighten the rules and use there generic account investigation as the reason to force kyc. Feels like they going to force it to anyone sooner or later.

Exchanges have to KYC their customers or will be forced to shut down or prohibit access for citizens of particluar countries or are taken to court. As an exchange provider you definitly dont want to get in trouble with institutions like SEC so times are over when Exchanges could do anything they wanted to do.

carter34

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I think this a routine thing that exchanges do lately. KYC is just a check on the identity of an account. It is really becoming a kind of frustration and making traders too choosy for an exchange to sign up with.

klaaas

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I hear it more and more, Thanks for the post. It looks like they are tighten the rules and use there generic account investigation as the reason to force kyc. Feels like they going to force it to anyone sooner or later.

mirakal

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That's a basic requirement for KYC, I have done that and my account is now fully verified.
I know it's risky to submit our photo and our information but the fact that we are trading in an exchange which requires KYC, we can't do anything but to comply. I believe Bittrex has been a reputable exchange, so surely they will keep that information confidential, otherwise they might also be penalize.

kaya11

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I got issues recently with my 2fa, I have lost my phone and tried to disable the 2fa authentication on exchanges that I used including Bittrex. In order for me to retrieve my account they have requested my identification card and took picture holding it with the current date. I now have manage to get my account back and no tokens were stolen. How is that method going to ruined my identity and am I still secured? The good thing is my account is not locked and I am able to trade again. It is the same with other exchanges, I think it is safe to say that we could use that somehow in future problems like mine.

leea-1334

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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.

That is very strange from Bittrex. You have a good limit of 10 BTC a day or maybe at least 2 BTC daily,,, I cannot remember... but you already have a good ID verification, why did they lock you out. What was your deposit and withdrawal history like? Maybe the amounts were very high? Do you have a second account which is forbidden?

joniboini

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Quote from: kidoseagle0312 on April 25, 2019, 03:34:07 AM

I had been using Bittrex for a years and yet I never encounter any problem like yours have, I just only activate the 2FA but not submitting my personal information on which is the KYC. But I have a limited withdrawal in it for about 0.02BTC daily due to that I am not submitting my KYC to their platform.

You can still use Bittrex without submitting any KYC? Last time I remember KYC is a must to use their exchange.

Quote from: Bitinity on April 25, 2019, 02:16:46 AM

It is not a new thing for local exchange users in my country. The biggest Indonesian bitcoin exchange asks the same thing for any users who want to use their service no matter how much we are going to trade then we should provide our photo holding the ID card. It was applied since few years ago IIRC and I believe it is not a big deal for most of us. It is due to government rules imho.

It's actually a big deal for me if they're not regulated and don't have strong security protection for sensitive user data. Until this point, I don't really want to do any KYC at all in most sites. If I can avoid KYC I'd definitely avoid that, but if that's not possible I'd think again about the importance of such services. If there's an alternative, I'd probably use them instead.

kidoseagle0312

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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.

I had been using Bittrex for a years and yet I never encounter any problem like yours have, I just only activate the 2FA but not submitting my personal information on which is the KYC. But I have a limited withdrawal in it for about 0.02BTC daily due to that I am not submitting my KYC to their platform.

Topic: Bittrex locked me out - page 2. (Read 601 times)