Poloniex changing their ToS -- Needs verification for withdrawals next week. - page 5.

boopy265420

legendary

Activity: 1876

Merit: 1005

Quote from: box0214 on May 18, 2015, 07:11:56 PM

Quote

Greetings from Poloniex!

We're happy to announce that Margin Trading with Peer-to-Peer Lending is now available at Poloniex! You can now borrow funds from lending users to open long and short positions with 2.5x leverage on our XMR, DASH, XPR and LTC Margin Trading platform. You can also loan funds in the same selected markets in 1 day intervals at up to 5% interest.

In addition, we are requiring that all users provide us with their first name, last name, and country of origin by May 20th, 2015. This information is mandatory for all users and all withdrawals. Go to your Profile page to get started.

The Poloniex Team

Just for those that dont know and have some btc or other altcoins sitting there.

Yeah me too, I received similar e-mail notification from them.This is going to be too personal like they ask the information which most of the people even me don't like to share.I was using their services in past but in future this requirement will effect their business negatively.They are forcing people to share their personal information just to trade there,I don't see any sense to do so.

futureofbitcoin

sr. member

Activity: 322

Merit: 250

Quote from: amiryaqot on May 19, 2015, 02:57:34 AM

what kind of verification they need and why they too verify our profile when they are only dealing with altcoin coins?
their verification method is kinda joke Wink

i entered fake data into first step and get verified. Grin

why did you black it out if it was fake data?

saddampbuh

legendary

Activity: 1078

Merit: 1014

no thanks

amiryaqot

legendary

Activity: 1050

Merit: 1000

what kind of verification they need and why they too verify our profile when they are only dealing with altcoin coins?
their verification method is kinda joke Wink

i entered fake data into first step and get verified. Grin

WhatTheGox

legendary

Activity: 812

Merit: 1000

Quote from: box0214 on May 18, 2015, 07:11:56 PM

Quote

Greetings from Poloniex!

We're happy to announce that Margin Trading with Peer-to-Peer Lending is now available at Poloniex! You can now borrow funds from lending users to open long and short positions with 2.5x leverage on our XMR, DASH, XPR and LTC Margin Trading platform. You can also loan funds in the same selected markets in 1 day intervals at up to 5% interest.

In addition, we are requiring that all users provide us with their first name, last name, and country of origin by May 20th, 2015. This information is mandatory for all users and all withdrawals. Go to your Profile page to get started.

The Poloniex Team

Just for those that dont know and have some btc or other altcoins sitting there.

For crypto only traders this seems a little crazy? bitfinex doesnt do this even when you trade in and out of USD to coin. Why would anyone now decide to trade on poloniex?

twister

hero member

Activity: 672

Merit: 502

Quote from: cryptojumper on May 19, 2015, 01:46:03 AM

Will I need to upload my documents or I just input my name etc without any proof that they are legit? If so then no worries, but I'm not comfortable enough throwing my docs with all the sensitive data info left and right to every shitty altcoin exchange.. But if they use a word verification, I guess they should require to verify something, or they verify just by asking lol Roll Eyes

I am wondering the same thing because as per the announcement they're only saying that one needs to complete their profile and enter their first/last name but how will they verify it?

I think maybe they'll be ask to provide documents from the users who trade in high quantity.

But they're going to lose a lot of users if they do this because not many people would be happy giving their documents as they fear an Identity theft.

Xialla

legendary

Activity: 1036

Merit: 1001

/dev/null

I already sold all dogecoins and other crypto so I don't care so much.) next step from them will be personal ID verification..wait for it..

cryptojumper

full member

Activity: 154

Merit: 100

Will I need to upload my documents or I just input my name etc without any proof that they are legit? If so then no worries, but I'm not comfortable enough throwing my docs with all the sensitive data info left and right to every shitty altcoin exchange.. But if they use a word verification, I guess they should require to verify something, or they verify just by asking lol Roll Eyes

louise123

sr. member

Activity: 462

Merit: 250

Quote from: MakingMoneyHoney on May 18, 2015, 11:32:28 PM

Quote from: box0214 on May 18, 2015, 07:11:56 PM

Quote

Greetings from Poloniex!

We're happy to announce that Margin Trading with Peer-to-Peer Lending is now available at Poloniex! You can now borrow funds from lending users to open long and short positions with 2.5x leverage on our XMR, DASH, XPR and LTC Margin Trading platform. You can also loan funds in the same selected markets in 1 day intervals at up to 5% interest.

In addition, we are requiring that all users provide us with their first name, last name, and country of origin by May 20th, 2015. This information is mandatory for all users and all withdrawals. Go to your Profile page to get started.

The Poloniex Team

Just for those that dont know and have some btc or other altcoins sitting there.

Thanks for the post, but I'd probably change the title of this thread to say May 20th, as that's this week, in less than 48 hours, not next week.

That is true. May 20th is tomorrow actually.
Apart from that, are they talking about fiat withdrawals or all withdrawals (fiat & crypto)?

Amph

legendary

Activity: 3248

Merit: 1070

what? verification without dealing with fiat? that's really a bad move from them, i don't like it at all, cryptoworld should stay crypto you know, verification should not be needed when dealing only with altcoin

what happen if someone put fake name and country?

MakingMoneyHoney

hero member

Activity: 504

Merit: 500

Quote from: box0214 on May 18, 2015, 07:11:56 PM

Quote

Greetings from Poloniex!

We're happy to announce that Margin Trading with Peer-to-Peer Lending is now available at Poloniex! You can now borrow funds from lending users to open long and short positions with 2.5x leverage on our XMR, DASH, XPR and LTC Margin Trading platform. You can also loan funds in the same selected markets in 1 day intervals at up to 5% interest.

In addition, we are requiring that all users provide us with their first name, last name, and country of origin by May 20th, 2015. This information is mandatory for all users and all withdrawals. Go to your Profile page to get started.

The Poloniex Team

Just for those that dont know and have some btc or other altcoins sitting there.

Thanks for the post, but I'd probably change the title of this thread to say May 20th, as that's this week, in less than 48 hours, not next week.

sirslayer

hero member

Activity: 540

Merit: 501

chickens and cryptos

well I got my dogecoins back but now it wont let me withdraw Sad

help desk is swamped I guess... an announcement before hand would of help..

pooya87

legendary

Activity: 3472

Merit: 10611

what makes users put their real information in the profile?! and most importantly why the hell they want this information for?
it looks like i have to migrate competently to bittrex now Cheesy

Chef Ramsay

legendary

Activity: 1568

Merit: 1001

I traded at poloneix for the last few years but have pulled my coinage many months ago and happy I did so. Just transfer over to bitfinex and you'll be fine at this point unless you have no problem with P's new process. However, trading these days can be risky esp on lev so perhaps just buy/hold and put the funds back in your wallets.

2dogs

legendary

Activity: 1267

Merit: 1000

https://bitcointalksearch.org/topic/poloniex-adds-margin-trading-but-wants-your-profile-1064940

I believe it requires profile completions by day after tomorrow, not next week.

Mt. Gox

full member

Activity: 350

Merit: 118

Quote from: sirslayer on May 18, 2015, 07:14:06 PM

i lost my dogecoins from this tranfer!!!! Sad

I don't think the restriction is in place yet. It won't be a requirement until the 20th. Your dogecoins shouldn't be affected:

spud21

sr. member

Activity: 342

Merit: 250

I successfully withdrew some coins today without verifying. However there is a giant red warning that I will no longer be able to withdraw without verification tomorrow.

Victor Beckham

full member

Activity: 243

Merit: 100

Quote from: box0214 on May 18, 2015, 07:11:56 PM

Just for those that dont know and have some btc or other altcoins sitting there.

It is high time people do understand the risk of using real time exchanges. They require verification, get hacked and a hell lot of other problems. It is better to use direct trading exchanges that accept ALT coins, like 100bit.co.in.

nutildah

legendary

Activity: 3010

Merit: 8114

They're about to have a flood of people named "Fuck You" from Afghanistan.

sirslayer

hero member

Activity: 540

Merit: 501

chickens and cryptos

i lost my dogecoins from this tranfer!!!! Sad

Topic: Poloniex changing their ToS -- Needs verification for withdrawals next week. - page 5. (Read 7836 times)