Author

Topic: Bittrex Moving Big amounts (Read 171 times)

staff
Activity: 3500
Merit: 6152
January 15, 2019, 02:01:47 AM
#5
I did complete their KYC requirement and continued to use them. They've made bank wire deposits & withdrawals very easy. IMO, Bittrex is still the number one!

It might be the case but I would've understood better If they asked the new users for that and not the current ones with no prior notice, that sounded very unprofessional.

I'm pretty sure that was on purpose to a certain degree. If you're running one of the largest exchange platforms out there, you should at least know what is crypto is about and that most people care about their privacy. So when they did this move, they knew exactly what they were doing.
legendary
Activity: 1862
Merit: 1505
January 14, 2019, 01:49:37 PM
#4
IMHO, nothing to be worried about. They're probably trying what Mr. CZ (Binance) did:

I stopped using Bittrex since their last KYC move where they forced everyone to verify their accounts and as unprofessional as it was, I still think they are a good service, I wouldn't be worried.

I did complete their KYC requirement and continued to use them. They've made bank wire deposits & withdrawals very easy. IMO, Bittrex is still the number one!
hero member
Activity: 1666
Merit: 753
January 14, 2019, 09:36:58 AM
#3
That's the thing with monitoring exchanges' or the so called "whales" addresses. Everything is speculative and there is no evidence of insolvency or something bad happening simply based on the fact that large amount of funds have been moved. A lot of the times things can be made to look worse than what is actually the case.

I stopped using Bittrex since their last KYC move where they forced everyone to verify their accounts

That's exactly what I did as well.

Same with poloniex, the situation was quite similar. Both exchanges were pretty much at the top of their game before they removed the option of a legacy account altogether and forced verification onto every single user. Their customer support at one stage was pretty bad as well, leading to a lot of complaints against Bittrex which I remember that existed on bitcointalk.

TBH, there are a lot of exchanges with more volume, liquidity, have more professional customer service and offer pseudo-anonymous accounts to users at this point in time. Unless you are absolutely used to using them, or have to use one of their features, looking into new exchanges to diversify to wouldn't be a bad idea (you honestly should do this regardless of what exchange you are on, though, to spread the risk of exit scamming exchanges).
staff
Activity: 3500
Merit: 6152
January 12, 2019, 05:44:23 AM
#2
I stopped using Bittrex since their last KYC move where they forced everyone to verify their accounts and as unprofessional as it was, I still think they are a good service, I wouldn't be worried.
full member
Activity: 472
Merit: 101
January 11, 2019, 06:28:52 PM
#1
Many worries about the last situation within bittrex which moved considerably funds from long period non-active wallets .
And this was their response

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