Exchange Bittrex began to block accounts!!! - page 4.

bitbitch

sr. member

Activity: 434

Merit: 250

Quote from: btcdepo on October 17, 2017, 11:20:26 AM

this is very weird to block accounts with no specified reason. if those person try to cheat the system then of course you can block them but otherwise you cannot do it.

there may be a specific reason. Bittrex may not be able to say what that reason is for legal reasons.

i wonder if US crypto exchanges are operating under FISA orders?

Don Pedro Dinero

legendary

Activity: 1288

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Quote from: sammrheza on October 17, 2017, 11:40:10 AM

well my account is not disabled for now , should I withdraw all my money from bittrex ? , this is bad news for big exchange like bitrex..

I am not going to tell you what to do but I am sure that's what most people are doing if they have the option.

That is why it is better to have your own hard wallet or paper wallet. Although you are going to end up using exchanges to trade or to send funds to your local bank it is very risky to have your funds in one exchange. It is better at least to divide them in different exchanges.

Let’s hope that situation gets better and you can regain full access to your funds.

djukica666

newbie

Activity: 29

Merit: 0

I'm doing it right now. at least I'm trying to do it. but to install/setup all these separate wallets is a pain.

HasHe

hero member

Activity: 952

Merit: 500

Its really unusual to see that a big exchange banning thousands of accounts at the same time and even not answering to support tickets.It seems very suspicious.People are already aware due to Mt.gox incident.

People who have mostly complained about their accounts banned have said that their accounts are already verified and so,it could not be considered as a KYC procedure.

It seems that most affected countries due to this bittrex act were Syria, India, Iran,Turkey,Russia and pakistan.In iran alone,it seems that more than 3000 accounts have been banned without any reason.

The banning of users from bittrex's support slack seems to be the most alarming aspect.

sammrheza

sr. member

Activity: 448

Merit: 265

well my account is not disabled for now , should I withdraw all my money from bittrex ? , this is bad news for big exchange like bitrex..

kamudd

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Activity: 466

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Quote from: piebeyb on October 17, 2017, 05:19:04 AM

Withdrawals are restricted I think it has also been applied and for news about their user accounts locked by bittrex party may be because there are other things like security, I think maybe they make some new rules that need to be obeyed by users, currently my account is still safe to withdraw

I agree with you, hopefully what they do can give good things to all of us and make bittrex users more secure from the perpetrators

btcdepo

full member

Activity: 322

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this is very weird to block accounts with no specified reason. if those person try to cheat the system then of course you can block them but otherwise you cannot do it.

HYPEREGO

newbie

Activity: 26

Merit: 0

Quote from: Andrey123 on October 17, 2017, 05:28:19 AM

And why not send a fake passport?
How can they identify a person who is far away?

You will surprisily found that they are able to verify your identity and don't forget that give and produce fake identification document is illegal in every part of the world!!
I'm from a EU country and I'm not able to complete the basic verification (in my opinion it work only if you have passport valid for US), and I've to do the Enhanced verification... after that I will withdraw anything and leave Bittrex, what else can we do? Stay stucked in this Exchange?

mocacinno

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https://merel.mobi => buy facemasks with BTC/LTC

Quote from: kevoh on October 17, 2017, 09:15:28 AM

I think accounts from specific countries, greater than a thousand dollars are being disabled for verification purpose. I don't think it should be stressful to provide the documents necessary for verification which include:
1. A picture of you, your international passport and a paper with Bitrex written bodly on it and the date you take the picture.
2. A photo of you.

Provide all these and your account will get verified in less than an hour.

I'm from a EU country and helt far less than $1000 at the time i got the notice i needed enhanced verification.
I was lucky since converting everything to LTC and then withdrawing straight away still seemed to work at that time.

The fact enhanced verification is easy means nothing to me. Out of principle, i will always try to avoid sending anybody identifying information that can be stolen and abused later on. I'm not a criminal, i just don't trust an US private company with a picture of me holding an id card or utility bill.
As long as bittrex is asking for information that can be leaked/hacked/abused/... i will no longer use their services.

bitbitch

sr. member

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who owns Coin Telegraph?

kevoh

full member

Activity: 448

Merit: 110

I think accounts from specific countries, greater than a thousand dollars are being disabled for verification purpose. I don't think it should be stressful to provide the documents necessary for verification which include:
1. A picture of you, your international passport and a paper with Bitrex written bodly on it and the date you take the picture.
2. A photo of you.

Provide all these and your account will get verified in less than an hour.

viramarket

full member

Activity: 262

Merit: 100

Here is the news in the morning!!Complete nonsense. :oThe future for decentralized exchanges.And while as an option to remove gradually the amount is less than Wink

Emelectrol

newbie

Activity: 29

Merit: 0

Quote from: expert-lister on October 17, 2017, 08:44:46 AM

My bittrex account disabled over 3 days and no news! Huh

Balance: more than 0.7 BTC

What country your from?

expert-lister

sr. member

Activity: 302

Merit: 250

Imagine a world without hate and oppression

My bittrex account disabled over 3 days and no news! Huh

Balance: more than 0.7 BTC

Merovius

member

Activity: 89

Merit: 10

This is obviously bad news about Bittrex. I actually have an account there but have not moved any money into it or done any trading with it, which is a good thing because now that this has happened I can add this exchange to my "avoid" list and will not need to worry about being locked out or losing any money.

Meanwhile someone who has more experience with these exchangers than I do needs to compile a list of exchangers that are not into KYC/AML verification stuff (or blocking/limiting accounts). Or alternatively if no such exchangers exist, then list the maximum amounts that they allow to be traded/withdrawn without verification. A list of their available methods and payment processors for cash withdrawals would also be helpful.

SyGambler

legendary

Activity: 2436

Merit: 1804

guess who's back

in my dictionary blocking means that you won't able to use the site again like what poloniex did to Syria 5 months ago
Bittrex is only disabling accounts and asking for verification and sadly they aren't saying why , we don't know if it's gonna make the business legit or they are just trying to delay some withdrawals and let some funds stuck at their site

personally I had no balance at bittrex at yet they disabled my account , so the situation is kinda not clear

Red-Apple

hero member

Activity: 1470

Merit: 655

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!

SHIFTCASH

member

Activity: 182

Merit: 12

this issue needs to be addressed accordingly.

bitbitch

sr. member

Activity: 434

Merit: 250

Quote from: mercury on October 17, 2017, 08:07:51 AM

Quote from: bitbitch on October 17, 2017, 07:59:03 AM

it's accounts registered to people in a very particular group of countries. Turkey, Syria, Iran, India, Russia, and NOT China, South Korea, Japan, Europe, et.c., which suggests it might be a regulatory issue.

Source?

This is the only press source for this story (that i have seen). Ask David Dinkins;
https://www.cointelegraph.com/news/bitcoin-altcoin-exchange-bittrex-eyed-with-suspicion-due-to-thousands-of-mysterious-account-closings

it seems to be accounts mainly in the countries discussed in a Telegram group. how reliable is that?

AndriyPilipyak

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Merit: 100

Its bad news for all users

Topic: Exchange Bittrex began to block accounts!!! - page 4. (Read 3184 times)