How can I increase my limit of Trading on Poloniex?? - page 2.

MadGamer

legendary

Activity: 1568

Merit: 1031

Quote from: Dahhi on December 01, 2016, 04:43:20 PM

I have never heard of Poloniex selling the personal details of their customers. The verification process is just to comply with the KYC (Know Your Customer) rules.

What I said is pretty much valid for all big companies out there including Facebook , Google and others , If those information's aren't sold then they are used somehow , either for advertising or something else . Assuming they are do not use them at all , do you want to happen what happened with Coinbase where IRS won in court ? I don't.

Supercrypt

legendary

Activity: 1554

Merit: 1054

Quote from: susila_bai on December 02, 2016, 01:50:28 AM

genuine exchanges are asking full details of the customers as per the KYC rules and i dont think that it is wrong when you are not doing any wrong. And even you can show the transaction of your trading in tax law as short term profit from trading.

I am having more confident that I will not turn wrong but how I could expect the same from an exchange provider. Recent news one big wallet cum exchange services is shocking us that they might share their database with some government agencies.

Practically P2P exchanges will have unlimited volumes and we must move toward that by setting up a group with local bitcoiners.

susila_bai

hero member

Activity: 1260

Merit: 524

Quote from: Dahhi on December 01, 2016, 04:43:20 PM

Quote from: MadGamer on November 29, 2016, 11:04:26 AM

Level 2 verification should give you a daily withdrawal limit $25,000 USD equivalent . A lot of information's are asked though, not only you should provide your name and phone number + address but also a scanned ID + you holding the ID as shown on the picture , If you think about it , It probably doesn't worth it as you real info may be used later or sold.

I have never heard of Poloniex selling the personal details of their customers. The verification process is just to comply with the KYC (Know Your Customer) rules.

Ya it is true that genuine exchanges are asking full details of the customers as per the KYC rules and i dont think that it is wrong when you are not doing any wrong. And even you can show the transaction of your trading in tax law as short term profit from trading.

Dahhi

full member

Activity: 238

Merit: 100

MERCATOX

Quote from: MadGamer on November 29, 2016, 11:04:26 AM

Level 2 verification should give you a daily withdrawal limit $25,000 USD equivalent . A lot of information's are asked though, not only you should provide your name and phone number + address but also a scanned ID + you holding the ID as shown on the picture , If you think about it , It probably doesn't worth it as you real info may be used later or sold.

I have never heard of Poloniex selling the personal details of their customers. The verification process is just to comply with the KYC (Know Your Customer) rules.

wheelz1200

legendary

Activity: 3752

Merit: 1415

Real simple, you want a higher limit you need to provide more personal information. How much information you want them to have is up to you but your limits with be constricted if you limit the information you give them....question tou need to ask yourself, do you trust them? Thats up to you

ipanks

hero member

Activity: 1610

Merit: 507

Quote from: Idrisu on December 01, 2016, 02:33:28 AM

Quote from: StarofBTC on December 01, 2016, 12:26:55 AM

Quote from: beerlover on November 30, 2016, 02:21:17 AM

Quote from: Omura on November 29, 2016, 10:44:20 AM

You need to get verified, which raises the withdrawal limit to $25000

When OP is concerning about submitting documents due to his privacy/ security reasons, he can have multiple accounts (different email IDs are enough) with same exchange or we can trade on multiple exchanges to have high withdraw limit.

Good idea. But I guess I do not need to have multiple accounts because being a basic email only verified account holder, I'm having enough limits for withdrawing. It is only for professional traders with the huge volumes may require to follow your idea if they are very much worrying about their privacy and not willing to submit their documents.

I also open account with poloniex but find difficult to understand how to set a limit. But from what you are said I think is different from what op is asking.

what limit? all you need to do is complete the data member, send the document that poloniex asked, waiting for at least 1-3 days for the review from poloniex staff and then if your request is approve, the limit will be increase. i think better you try first and we'll see what is happen then.

Idrisu

sr. member

Activity: 924

Merit: 260

Quote from: StarofBTC on December 01, 2016, 12:26:55 AM

Quote from: beerlover on November 30, 2016, 02:21:17 AM

Quote from: Omura on November 29, 2016, 10:44:20 AM

You need to get verified, which raises the withdrawal limit to $25000

When OP is concerning about submitting documents due to his privacy/ security reasons, he can have multiple accounts (different email IDs are enough) with same exchange or we can trade on multiple exchanges to have high withdraw limit.

Good idea. But I guess I do not need to have multiple accounts because being a basic email only verified account holder, I'm having enough limits for withdrawing. It is only for professional traders with the huge volumes may require to follow your idea if they are very much worrying about their privacy and not willing to submit their documents.

I also open account with poloniex but find difficult to understand how to set a limit. But from what you are said I think is different from what op is asking.

StarofBTC

hero member

Activity: 1148

Merit: 528

Quote from: beerlover on November 30, 2016, 02:21:17 AM

Quote from: Omura on November 29, 2016, 10:44:20 AM

You need to get verified, which raises the withdrawal limit to $25000

When OP is concerning about submitting documents due to his privacy/ security reasons, he can have multiple accounts (different email IDs are enough) with same exchange or we can trade on multiple exchanges to have high withdraw limit.

Good idea. But I guess I do not need to have multiple accounts because being a basic email only verified account holder, I'm having enough limits for withdrawing. It is only for professional traders with the huge volumes may require to follow your idea if they are very much worrying about their privacy and not willing to submit their documents.

Vongola

hero member

Activity: 742

Merit: 505

Quote from: Chevas Regal on November 29, 2016, 11:13:51 PM

Quote from: MadGamer on November 29, 2016, 11:04:26 AM

Level 2 verification should give you a daily withdrawal limit $25,000 USD equivalent . A lot of information's are asked though, not only you should provide your name and phone number + address but also a scanned ID + you holding the ID as shown on the picture , If you think about it , It probably doesn't worth it as you real info may be used later or sold.

My account says

Code:

$2,000.00 remaining of $2,000.00 USD daily limit.

, what the trading limit exactly mean? I have order of 2010$ then my order will not be completed as it is more than 2000$?? Please explain.

IMO, the remaining amount limit just only for our withdrawal, it is mean, you just can withdraw max USD 2k in a day/daily since you are still on level 1. You can also ask moderators on troll box for further answer.

ethereumhunter

hero member

Activity: 2912

Merit: 541

Leading Crypto Sports Betting & Casino Platform

Quote from: Omura on November 29, 2016, 10:44:20 AM

You need to get verified, which raises the withdrawal limit to $25000

Edit: link: poloniex.com/profile

better the OP gets verified until level 3 because in level 3, we have increase our daily limit which is $25,000.00, i don't know exactly what its mean but i mean sure it will for the withdraw or deposit for daily that we can use.

to get verified until level 3, we only send some document and our ID to poloniex and then they will check it and once approved, then we can increase our daily limit.

beerlover

legendary

Activity: 3052

Merit: 1188

Quote from: Omura on November 29, 2016, 10:44:20 AM

You need to get verified, which raises the withdrawal limit to $25000

When OP is concerning about submitting documents due to his privacy/ security reasons, he can have multiple accounts (different email IDs are enough) with same exchange or we can trade on multiple exchanges to have high withdraw limit.

Chevas Regal

sr. member

Activity: 378

Merit: 250

www.tgtcoins.com/ico

Quote from: MadGamer on November 29, 2016, 11:04:26 AM

Level 2 verification should give you a daily withdrawal limit $25,000 USD equivalent . A lot of information's are asked though, not only you should provide your name and phone number + address but also a scanned ID + you holding the ID as shown on the picture , If you think about it , It probably doesn't worth it as you real info may be used later or sold.

My account says

Code:

$2,000.00 remaining of $2,000.00 USD daily limit.

, what the trading limit exactly mean? I have order of 2010$ then my order will not be completed as it is more than 2000$?? Please explain.

Wind_FURY

legendary

Activity: 2898

Merit: 1823

My suggestion. Do not upload any form of identification that would compromise you or your privacy, maybe not now but in the future. It would be better to open multiple accounts with them to ensure that your privacy remains intact since they do not allow adding and changing of Bitcoin addresses. I do not think opening multiple accounts with them is against their TOS. In fact I think they allow it since you can link different accounts that you own.

MadGamer

legendary

Activity: 1568

Merit: 1031

Level 2 verification should give you a daily withdrawal limit $25,000 USD equivalent . A lot of information's are asked though, not only you should provide your name and phone number + address but also a scanned ID + you holding the ID as shown on the picture , If you think about it , It probably doesn't worth it as you real info may be used later or sold.

Omura

full member

Activity: 129

Merit: 100

You need to get verified, which raises the withdrawal limit to $25000

Edit: link: poloniex.com/profile

Chevas Regal

sr. member

Activity: 378

Merit: 250

www.tgtcoins.com/ico

Hello,
I opened account on Poloniex a month ago , i traded some coins there , i am still under 2000$ limit.
How can i get limit increase , does anyone here have high limit?

Thank you.

Topic: How can I increase my limit of Trading on Poloniex?? - page 2. (Read 12237 times)