Poloniex withdraw limit real? - page 2.

Oshosondy

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Quote from: NeuroticFish on October 14, 2022, 05:04:09 AM

I didn't use Polo for many years, so I cannot really tell from experience, but $2k is a rather small amount and they should not cause troubles, especially as their help page tells:

If anything is centralized, they are centralized. Anything centralized and that has control on your money can ask for KYC at anytime, even if you want to withdraw the lowest amount that is withdrawable on the exchange. Everyone using the exchanges should prepare for KYC because the exchanges can ask at anytime in a way you will not be able to withdraw your coins.

Quote from: posi on October 14, 2022, 06:35:28 AM

Kucoin is a centralized exchange but it allows trading and withdrawing when you don't want KYC, but you can only withdraw up to 1BTC within 24 hours with a non-KYC account.

I have not used Kucoin before, but there are sometimes the exchange request for KYC while you want to withdraw any amount, be it small amount or large amount. I registered on OKX some months ago after Binance make KYC mandatory, later OKX asked me for phone number verification. I verified my phone number before I was able to withdraw.

Husires

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I have many experience cases with those NON KYC exchange and can say these platforms will try to collect your data, and if they know that you will fail to verify identity, then your account will be closed for the least reason.
Therefore, always keep in mind that the barrier to not verifying identity is withdrawals of up to $2000 or any amount that you fear losing.

posi

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Quote from: Findingnemo on October 14, 2022, 05:13:07 AM

As per their official website registered user with level 1 tier can withdraw upto 10K USD per day but I am not using it anymore for years especially since the hack in 2020.

I just want to give you the warning about their reputation in the recent times is not good so better choose other trading exchanges like Kucoin which still has no KYC trading feature if I am not wrong.

If I remember correctly, this poloniex exchange is owned by Tron co-founder Justin Sun. Recently, this guy is also said to have just acquired the houbi exchange, which is also a leading exchange in the world. I also stopped using it quite a while ago. but I didn't hear about the hack that year because I switched to binance and houbi probably from 2019 to now.

Kucoin is a centralized exchange but it allows trading and withdrawing when you don't want KYC, but you can only withdraw up to 1BTC within 24 hours with a non-KYC account.

danherbias07

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And to add, their customer support is also not good.
I had a problem before with my account and my deposit and they didn't answer me for 5-7 days IIRC.
If I were you I'd just look for another exchange with a better reputation than them. You don't know what could happen, it could be the same as others or the same as what happened to me and no one will answer you in a faster way while you are stressed out finding ways how to get your money back.

Mbidox

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Thank you both.

Findingnemo

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As per their official website registered user with level 1 tier can withdraw upto 10K USD per day but I am not using it anymore for years especially since the hack in 2020.

I just want to give you the warning about their reputation in the recent times is not good so better choose other trading exchanges like Kucoin which still has no KYC trading feature if I am not wrong.

NeuroticFish

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Quote from: Mbidox on October 14, 2022, 04:53:27 AM

I am just worried, that when I want to withdraw 2000$, then it is said, "Sorry, we need KCY".

Would appreciate if someone has experience with this. Thank you.

I didn't use Polo for many years, so I cannot really tell from experience, but $2k is a rather small amount and they should not cause troubles, especially as their help page tells:

Quote from: https://support.poloniex.com/hc/en-us/articles/360040027873-Increasing-Withdrawal-Limits

Level 1 accounts can withdraw up to $10,000 USD per day by default. If you have a Level 1 account and enable 2FA, your withdrawal limits will automatically increase to $50,000 per day.

So in theory you should be OK until $50k per day. However, also in theory they/anybody may ask for KYC even after the first 1$.
Keep in mind that since they're registered in Panama, they can easily work with different amounts than the exchanges obeying EU/US laws.

This should help if you don't get better answers from people who have been withdrawing more lately.

Mbidox

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Hello,

Any experience with poloniex?

It is sead, that we can withdraw coins until 50000$ per day without KCY with tier1.
This is unbelievable.

https://ibb.co/SBLsgzG

Or does this mean 50$ (50.000) ?

I am just worried, that when I want to withdraw 2000$, then it is said, "Sorry, we need KCY".

Would appreciate if someone has experience with this. Thank you.

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