Bittrex Unverified User - Be Careful ! 0.025 BTC Withdrawal Limit without Warnin - page 4.

Babayega31

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Quote from: viking02 on August 11, 2017, 08:45:45 PM

Hey guys im thinking about creating a bittrex account. So if i do not have a verified account, how many bitcoin or altcoins can i send to my account to switch for bitcoin or another altcoin like ETH? I assume back then you could do up to 3btc in trades per day whether btc to ETH or vice versa? But now its max 0.025 btc? Can someone confirm this is what is meant by it?

Maybe the minimum amount to deposit won't matter on that since I try to create new and deposit a lot of alts there and they receive my deposits and the only problem I face is when I try to withdraw my BTC and it limit me for 0.02+ a day since my account is not been verified. But when I do little verification on it my limit has been increase and people should do some verification on bittrex to rise their withdrawal limit a day.

viking02

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Hey guys im thinking about creating a bittrex account. So if i do not have a verified account, how many bitcoin or altcoins can i send to my account to switch for bitcoin or another altcoin like ETH? I assume back then you could do up to 3btc in trades per day whether btc to ETH or vice versa? But now its max 0.025 btc? Can someone confirm this is what is meant by it?

Babayega31

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Quote from: seafarer on August 08, 2017, 03:22:22 AM

To all "Unverified" users on Bittrex (like me)

Caution is advised with Bittrex.

Bittrex dropped the withdrawal limit from 1 BTC to 0.025 BTC without prior notice.

Maybe they do that one to force their user to verify theirselves to make sure that the people who doing some trades their are legit and not dummy, and those verification thing is occuring on newly built account but if you put some basic information and do some phone verification then you will prolong your withdrawal limits there. And having that a little verification is totally no problem with me aslong as they does not require me to submit my personal I'd.

klaaas

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verification outside the USA only depents on a phonenumber.
You will receive the message that your name adres etc dont show up in there register.

mfgex

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Quote from: sylance on August 08, 2017, 07:38:24 AM

I have a strong feeling this is because the US government is pressuring every group/company that's working with crypto. It wouldn't surprise me if Bittrex was approached, shown BTC-e, and highly suggested they begin to limit actions of unverified users if they want to keep operating. I'm in the US and it's quite frustrating how antagonistic my government is to crypto.

amongst the borderline retarded replies in this thread (for some reason) - I would like to strongly emphasize and re-iterate the sentiment of this comment. To be abundantly clear, I think this individual has it EXACTLY correct.

alyssa85

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I found the following article that gives the rules on withdrawals:

https://support.bittrex.com/hc/en-us/articles/231701788

Quote

Withdraw Limits

   If your password has been changed, you cannot make a withdrawal for 24 hours
   If your account does not have 2FA, you are limited to withdrawing up to 1 BTC (or equivalent) per day
   If you have an account created after October 30th, 2016, your withdrawal limits are:
   Unverified Accounts created before 08/01/17: 0.025 BTC (or equivalent) per day
   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.
   Enhanced Accounts: 100 (or equivalent) BTC per day with two-factor enabled

So I'm guessing you have an unverified account that was created after October 2016.

alyssa85

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Quote from: seafarer on August 08, 2017, 03:22:22 AM

To all "Unverified" users on Bittrex (like me)

Caution is advised with Bittrex.

Bittrex dropped the withdrawal limit from 1 BTC to 0.025 BTC without prior notice.

Interesting. I wonder if it is because they have had an influx on new accounts and are worried about money laundering.

LoyceV

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Quote from: cellard on August 08, 2017, 11:04:51 AM

0.025 is stunningly small. I guess it's only temporal until its up to 1 BTC again?

From what Bittrex wrote, I expect the opposite:

Quote

Our third phase is to require every account to at least be basic verified. The time frame for that is TBD.

My guess is they want to become "less shady" from a government's perspective, in order to allow USD trading.

BitcoinHodler

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Quote from: soothaa on August 08, 2017, 09:24:58 AM

Quote from: BitcoinHodler on August 08, 2017, 06:35:14 AM

i suppose it is a KYC/AML thing which they set based on USD value of your withdrawal not a fixed amount of bitcoin. that is why it has changed without notice.

checking my account it says i am limited to 1337 (haha leet) amount of daily bitcoin withdrawal. and it was 2000 bitcoin before.

Mine says this as well however I still have a basic account it says. I have had this account open for over 3 years - is your account nearly this old as well? I am confused by the limit. I move a decently large amount out over the past several days and I had no trouble at all - depositing a BTC was rather slow but it showed up without any additional problems.. I wonder if the feds are cracking down again.. glad I am moving to more cold storage.

yeah, something like 2-3 years old. it is basically any account that was created before they started asking for verifications. and remember this is "daily withdrawal" limit. you may as well move 3-4 bitcoin daily and that is a large amount but it is not even 1/100th of the total daily allowed limit.

nelmari

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I just noticed this too, although I have not tried to withdraw my BTC from Bittrex but I am now hesitant to withdraw them. Might try to withdraw a few BTC's to see of I can withdraw more than what is allowed currently, 0.025BTC is such a small amount you can withdraw daily.

blockchainmarketus

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Quote from: seafarer on August 08, 2017, 03:22:22 AM

To all "Unverified" users on Bittrex (like me)

Caution is advised with Bittrex.

Bittrex dropped the withdrawal limit from 1 BTC to 0.025 BTC without prior notice.

I am not sure, the decision of bittrex management or forced by US government. But I have a bad issue when you verify with 2fa autenticator, your security is vulnerable. http://highoncoins.com/cryptocurrency-trading-tips/do-not-use-two-factor-authenticatoin-with-bittrex/
Last week I also withdraw my BTC but it was limited to 0.025. I think it's too small.

cellard

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Quote from: valr on August 08, 2017, 05:35:10 AM

You should be able to verify your account pretty easily. I vaguely remember the approval for basic/phone verification taking a few min/hours few weeks back. Yesterday, I decided to upgrade my account to "Enhanced Verification" level (the highest level and you can withdraw >100 BTC) and it took me about 10 min. to get it approved. I just had to upload an ID document and a selfie, that's it! It is still much quicker than getting verified on other exchanges such as Kraken/Coinbase/CEX.

I'd advise you to get your account verified just in case you need to withdraw large amounts in the future.

I don't feel comfortable at all uploading pictures of myself holding an ID on the internet, let alone on some cryptocurrency exchange. As we have seen, all these exchanges are shady by default and could collapse at any time, or someone could hack it and steal your data, and you could be doxed, your pic could be sold on the dark web because your pic holding an ID could be used by other people to try to verify themselves... it's a mess.

This is why I chose to stay as anonymous as possible. I just can't trust the exchanges, specially the altcoin exchanges.

0.025 is stunningly small. I guess it's only temporal until its up to 1 BTC again?

But Bittrex is so stupid lately. They now request all your real data even to trade crypto to crypto. Honestly fuck them.

soothaa

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Quote from: GanjaFarmer23 on August 08, 2017, 10:15:29 AM

Quote from: soothaa on August 08, 2017, 09:24:58 AM

Quote from: BitcoinHodler on August 08, 2017, 06:35:14 AM

i suppose it is a KYC/AML thing which they set based on USD value of your withdrawal not a fixed amount of bitcoin. that is why it has changed without notice.

checking my account it says i am limited to 1337 (haha leet) amount of daily bitcoin withdrawal. and it was 2000 bitcoin before.

Mine says this as well however I still have a basic account it says. I have had this account open for over 3 years - is your account nearly this old as well? I am confused by the limit. I move a decently large amount out over the past several days and I had no trouble at all - depositing a BTC was rather slow but it showed up without any additional problems.. I wonder if the feds are cracking down again.. glad I am moving to more cold storage.

My account is same age, i never did any verification and my withdrawal limit is also 1337. My account type just says Legacy, so maybe you did the basic verification and still have Legacy withdrawal limit?

That has got to be it - I dug around but did not feel like putting too much effort into it. I am happy I can use my account as normal but would not be surprised if things force me to verify other details in the near future. I love how the government does not treat crypto as a currency, yet will enforce restraints on it just like it is. Gotta love how they can just do whatever they want and not follow their own damn rules. Roll Eyes

GanjaFarmer23

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Quote from: soothaa on August 08, 2017, 09:24:58 AM

Quote from: BitcoinHodler on August 08, 2017, 06:35:14 AM

i suppose it is a KYC/AML thing which they set based on USD value of your withdrawal not a fixed amount of bitcoin. that is why it has changed without notice.

checking my account it says i am limited to 1337 (haha leet) amount of daily bitcoin withdrawal. and it was 2000 bitcoin before.

Mine says this as well however I still have a basic account it says. I have had this account open for over 3 years - is your account nearly this old as well? I am confused by the limit. I move a decently large amount out over the past several days and I had no trouble at all - depositing a BTC was rather slow but it showed up without any additional problems.. I wonder if the feds are cracking down again.. glad I am moving to more cold storage.

My account is same age, i never did any verification and my withdrawal limit is also 1337. My account type just says Legacy, so maybe you did the basic verification and still have Legacy withdrawal limit?

micle222

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Quote from: seafarer on August 08, 2017, 03:22:22 AM

To all "Unverified" users on Bittrex (like me)

Caution is advised with Bittrex.

Bittrex dropped the withdrawal limit from 1 BTC to 0.025 BTC without prior notice.

I think it's fair for the security and comfort of bittrex exchanger users.
I don't have a problem with it. Because for account verification is very easy you just need to upload your ID Card.

YYmeans

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Let me show you the official rules.

https://support.bittrex.com/hc/en-us/articles/215282838

https://support.bittrex.com/hc/en-us/articles/231701788

soothaa

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Quote from: BitcoinHodler on August 08, 2017, 06:35:14 AM

i suppose it is a KYC/AML thing which they set based on USD value of your withdrawal not a fixed amount of bitcoin. that is why it has changed without notice.

checking my account it says i am limited to 1337 (haha leet) amount of daily bitcoin withdrawal. and it was 2000 bitcoin before.

Mine says this as well however I still have a basic account it says. I have had this account open for over 3 years - is your account nearly this old as well? I am confused by the limit. I move a decently large amount out over the past several days and I had no trouble at all - depositing a BTC was rather slow but it showed up without any additional problems.. I wonder if the feds are cracking down again.. glad I am moving to more cold storage.

sylance

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I have a strong feeling this is because the US government is pressuring every group/company that's working with crypto. It wouldn't surprise me if Bittrex was approached, shown BTC-e, and highly suggested they begin to limit actions of unverified users if they want to keep operating. I'm in the US and it's quite frustrating how antagonistic my government is to crypto.

bitcoinmasterlord

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Quote from: AleSergio on August 08, 2017, 06:46:17 AM

Still you have an option to withdraw in some other currencies, such as Ethereum for example and somewhere else you can exchange it to bitcoin

Ofcourse it is better to verify your account on bittrex for future purpose.

A newbie account must verify to transfer more than 0.025 BTC. yes this condition they did not display anywhere, but while you are transferring your coins, you will get this error message. Any how you want to do big amount transaction you need to verify your account. So now only provide your id and recent selfie and verify the account. Within few hours your account will be verified.

AleSergio

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Still you have an option to withdraw in some other currencies, such as Ethereum for example and somewhere else you can exchange it to bitcoin

Ofcourse it is better to verify your account on bittrex for future purpose.

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