Topic: Exchange Bittrex began to block accounts!!! - page 3. (Read 3293 times)
I heard that some verified accounts are blocked. Are somebody was blocked? What are you planning to do about it?
I just took some coins from this exchange. They went to my wallet very quickly. Within 4 minutes. I have a basic verification on this exchange
I'm not surprised at all that Bittrex made this move,and it is possible that some other exchanges make the same in the near future.I think the reason for this is quite simple,they want to identify users due to possible tax collection,money laundering or some other illegal activity.It seems that the trading on exchanges will no longer be possible completely anonymous,or it will be allowed for very small amounts.
So, no more anonymity... In time people won't have to use exchanges to sell for fiat, they'll only be buying it and withdrawing without verification, unless they block that to to stop people from abandoning fiat money. As for bittrex's actions, the ship is sinking and people are jumping overboard with their pockets full of crypto
I hope polo doesn't do the same.
I'm not surprised at all that Bittrex made this move,and it is possible that some other exchanges make the same in the near future.I think the reason for this is quite simple,they want to identify users due to possible tax collection,money laundering or some other illegal activity.It seems that the trading on exchanges will no longer be possible completely anonymous,or it will be allowed for very small amounts.
So, no more anonymity... In time people won't have to use exchanges to sell for fiat, they'll only be buying it and withdrawing without verification, unless they block that to to stop people from abandoning fiat money. As for bittrex's actions, the ship is sinking and people are jumping overboard with their pockets full of crypto
I hope polo doesn't do the same.
Even I got an email asking me to verify my account. Luckily, I had moved most of the funds even before this fiasco began. Now I have only around $10 worth of altcoins in my Bittrex account. That said, I have to say that I was never a big fan of Bittrex. The primary reason is that they are based in the United States and they have cooperated with the US authorities in the past.
Hello everybody!
I just found out that the exchange has started to block accounts!
Without explaning the reason!
I just found out that the exchange has started to block accounts!
Without explaning the reason!
Yes, it's all very cryptic at the moment. Bittrex is silent while thousands of users are complaining about disabled accounts and enforced enhanced verification. Journalists are starting to pick the story up: https://twitter.com/WolfOfCryptsy/status/920137064573628416
There is speculation that it has to do with country of origin; apparently many users reside in countries like Iran, Pakistan and Russia. Bittrex is, of course, based in the US. Other users are reporting that Bittrex emailed them and said that since their account was valued at more than $1,000 that it must be verified. In the meantime (days) it seems that many people are simply locked out and unable to trade or withdraw.
Bloody hell! These type of actions are just so unreasonable and so unfair! They should've at least adviced or announced this new policy that they have just implemented a few months earlier! Or at least made a message like : beware of our new policy blah blah blah every time someone trusts their funds to them! They should give proper customer services because they owe to the people what they are today! They already knew about the upcoming fork way ahead than anyone. They should've done this earlier when the damands for bitcoin isn't that huge yet.
Im starting to think that they are really doing this on purpose.
I just hope what I am thinking is wrong because i just feel so bad about all the people who got locked out from their accounts. :/
I'm not surprised at all that Bittrex made this move,and it is possible that some other exchanges make the same in the near future.I think the reason for this is quite simple,they want to identify users due to possible tax collection,money laundering or some other illegal activity.It seems that the trading on exchanges will no longer be possible completely anonymous,or it will be allowed for very small amounts.
So, no more anonymity... In time people won't have to use exchanges to sell for fiat, they'll only be buying it and withdrawing without verification, unless they block that to to stop people from abandoning fiat money. As for bittrex's actions, the ship is sinking and people are jumping overboard with their pockets full of crypto
I hope polo doesn't do the same. 
I do have about just 0.3 BTC there but still its going to be a waste if my account will be banned. I didn't provide any thing except the name which they require but no photos and passports were sent to them as its not mandatory. Is there a chance of my account going to be suspended too?
I was shocked by this news so I immediately opened bittrex and login, but no problem, I can buy, sell and withdraw without any problems, I've experienced it, it's only temporarily for security reasons.
Even if it is a bit late, they gave an official position on these recent events, but they still did not tell us what is the problem would be and not when they will solve it. Many users are still confused
why they have the account blocked rather than simply being notified about the checks on their accounts. I hope that Bittrex does not leave something to be desired in the medium as other exchanges
have been doing with their trash support.
why they have the account blocked rather than simply being notified about the checks on their accounts. I hope that Bittrex does not leave something to be desired in the medium as other exchanges
have been doing with their trash support.
After reading some post, the title is misleading people as Bittrex didn't blocked account but suspended it for a while so that the member will verify this account. If this is true maybe Bittrex did this action as a requirement of the U.S. Government in order for them to continue their operation. Also it is good for both the trader and Bittrex as they will know that their users are legit traders.
Statement from Bitrex
Statement on disabled accounts
Avatar
Ryan
Today at 17:28
FOLLOW
We would like to address recent reports regarding Bittrex account suspensions.
We occasionally conduct compliance reviews and are working vigilantly to protect our service and our users from harm. As part of a compliance review, we have temporarily suspended certain accounts pending the completion of the review. The total number of suspended, closed, or banned accounts is very limited: less than 0.1% of the total accounts on Bittrex. More than 99.9% of Bittrex accounts are unaffected.
Any reports that Bittrex miscalculated or misapplied its exchange fees, that there is a security problem with the exchange, that Bittrex lost any coins stored on users’ behalf, or that Bittrex is banning people trying to access Slack to discuss the status of their accounts are incorrect. We are committed to making Bittrex a strong, safe, and compliant exchange where people can securely participate in the digital currency economy. We ask for patience from our highly valued customers. As for us, we plan to “keep calm, and carry on.”
https://support.bittrex.com/hc/en-us/articles/115002187632-Statement-on-disabled-accounts
Statement on disabled accounts
Avatar
Ryan
Today at 17:28
FOLLOW
We would like to address recent reports regarding Bittrex account suspensions.
We occasionally conduct compliance reviews and are working vigilantly to protect our service and our users from harm. As part of a compliance review, we have temporarily suspended certain accounts pending the completion of the review. The total number of suspended, closed, or banned accounts is very limited: less than 0.1% of the total accounts on Bittrex. More than 99.9% of Bittrex accounts are unaffected.
Any reports that Bittrex miscalculated or misapplied its exchange fees, that there is a security problem with the exchange, that Bittrex lost any coins stored on users’ behalf, or that Bittrex is banning people trying to access Slack to discuss the status of their accounts are incorrect. We are committed to making Bittrex a strong, safe, and compliant exchange where people can securely participate in the digital currency economy. We ask for patience from our highly valued customers. As for us, we plan to “keep calm, and carry on.”
https://support.bittrex.com/hc/en-us/articles/115002187632-Statement-on-disabled-accounts
the action is a good way to call the bluff of suspicious account holders. if the holder has nothing to hide they can verify themselves. if the holder has used fake ID they will scatter.
i think Coin Telegraph should make more of an effort to get a response from the exchange before publishing. perhaps Bittrex should ask for a correction?
i think Coin Telegraph should make more of an effort to get a response from the exchange before publishing. perhaps Bittrex should ask for a correction?
I just checked. I was able to log in, buy, sell, and withdraw with no problems whatsoever. More than $1,000 in my account. Full disclosure: I'm in the US and have a verified account.
I don't have a balance at bittrex anymore, i'm fine with limits and all. but if they insists on asking id proof to use their service, i'm gonna have to say goodbye to them. we need a good dex and volume to completely abandon these exchanges!
And why not send a fake passport?
How can they identify a person who is far away?
Not really a good idea because after sending those fake passports what if they ask for more supporting documents that you don't have to match the fake passports. You will just dig your own grave if you do that. Sad part about this issue is the remaining funds of those whos accounts are disabled are like being held hostage and give you no choice but to give in to what they are asking. How can they identify a person who is far away?
I have not been in the game long, but I use QuadrigaCX. They are a Canadian company.
If I am not mistaken you only need to be verified if you plan to Fund your account with Fiat currency (USD/CAD)
Feel free to PM me if you want any more info, I can tell you what I know.
If I am not mistaken you only need to be verified if you plan to Fund your account with Fiat currency (USD/CAD)
Feel free to PM me if you want any more info, I can tell you what I know.
we had one exchange out of all these different ones with decent volume and good services that we could trust. now that is turning to a heavily regulated exchange which will soon report all your volume to the tax man and they have your identity to do it too.
we should all expect tax evasion charges very soon.
the question is which exchange do you think will take bittrex's place now!
we should all expect tax evasion charges very soon.
the question is which exchange do you think will take bittrex's place now!
i think all US exchange will do that, poloniex bittrex Hitbtc. its only about time till all monitored by the government
I agree with you.
The govern want know who is trading and how much, and this is the oposite that the essence of criptos, the anonymity.
In a near future, who wants to make business without identify yourself, will come to do in no regulation countrys, and will not have security about your money.
We need find a good exchange in deep web, I do not trust and do not want give all my infos to anyone of govern.
who can beat major exchange like bittrex poloniex hitbtc if they ask your identity. what do you suggest to replace them?
I'm not surprised at all that Bittrex made this move,and it is possible that some other exchanges make the same in the near future.I think the reason for this is quite simple,they want to identify users due to possible tax collection,money laundering or some other illegal activity.It seems that the trading on exchanges will no longer be possible completely anonymous,or it will be allowed for very small amounts.
I agree with you.
The govern want know who is trading and how much, and this is the oposite that the essence of criptos, the anonymity.
In a near future, who wants to make business without identify yourself, will come to do in no regulation countrys, and will not have security about your money.
We need find a good exchange in deep web, I do not trust and do not want give all my infos to anyone of govern.
Quote
there may be a specific reason. Bittrex may not be able to say what that reason is for legal reasons.
we think the same
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