Topic: Something you should all know about Bittrex (Read 977 times)

I totally believe that , Bittrex has a good reputation in that kind of things , If you check out the trusts of their admins in bitcointalk , you will see some people have lost their money in there , well I try to avoid that exchange and I suggest it to you too!

bittrex are the scammers. 

I think those accounts who got disabled just need to verify their account like send a selfie and etc. But the problem is that some people doesn't want to give out these information because it is personal and nothing is safe on the internet which I understand clearly. But I think the exchange site also needs verification from traders to know if these people trading are not scammers or whatever.

fuck you pay me    ~you have no right to steal our coins! ~ your career is over and i hope you reflect on what is important to you in life<<<

I think you should verify your account before trade

Yes, and I am not matching any of those reasons. They blocked my account because the total value of my holdings was over $1000 (didn't you read the text of the email on the first post?), that's what they said, could you point me to a place on their documentation or help pages in which they say they would do so?, now they ask for extra enhanced verification (contradiction to what you can see on your account after doing the basic verification, that would allow you to trade and withdraw up to 3BTC per day).
And btw I have been over $1000 before and nothing happened, so this is not an automatic thing happening to everyone, is a selective measure happening when they see it fit. Maybe they were in need of some of my coins for whatever pike of demand they were having, so the system chose my account to be blocked.

I have submitted the damn selfie (even if i shouldn't have, because as I said, I was never warned about this, and they are basically forcing me to do it by holding MY money). Now let's see how long this takes to be solved.

You can look at it whatever way you want. It is not cool. I also were happy with Bittrex until now. I actually would like them to reconsider this kind of measures, implement a better system, and then i'll happily keep using it. But not with this kid of surprises that take your sleep way without you having done anything wrong.

EDIT: Another comment on this: I have of course done a search on Google and went through Twitter comments on Bittrex account... I am not the only one suffering with this issue. You can do a search by "bittrex account_disabled" and you'll find a few of them, on this site. Often with many answer like "Hey for me it works fine!"...

I don't feel troubled with bittrex. However, i anticipate not to store huge amounts btc in bittrex. And prefer wallet qt that i have installed on my pc. So, i am not at risk to find my account disabled by exchange. Because, untill today i cann't access poloniex acc while still stored 0.2 btc there. 

what fees? trading fees or withdrawal fees?

their withdrawal fee is medium, i wouldn't call it high nor low.

the trading fee is high though. it is a small amount 0.25% versus others being 0.2% or 0.15% but that small amount can amass to a much bigger sum when you trade a lot and trade larger amounts. but that is the price you pay for using an exchange which is better than poloniex.

I feel that if you deposit 1 btc to their site you should be able to take out 1 btc without first having to get verified.

The process has not changed.  Bittrex has been using the process outlined for over 3 years.

Accounts do not just become disabled on their own for no reason.

There are many reasons it can happen and they are listed here.

https://support.bittrex.com/hc/en-us/articles/115001352132

you just need to follow in order for you to recoverits a big trading site who caters a lots of big volume of projects and they cater
it properly you just needed to comply with the rules mate.

Alright but the thing is that you have not sent your id. Send your id and your money is back!

Indeed, it is not good to change the rules privately, thus losing customers

I personally use Bittrex and I like it there, no problem with them. No high fees, no problem w/ deposits/Withdrawals.

I suppose I'm in two (or even three minds) about this. I strongly disagree that customers of any service should be suddenly and forcibly required to provide documentation which was previously not needed. At the very least, it could have been the one selling point that made one sign up for it in the first place, and the very most, it constitutes unfair practices.

Then again, this could be a backlash from all the customers who have been hacked or who've claimed unauthorised withdrawals. But to me, this should be tackled with something similar to Bitfinex's "green lane" system, where security measures like 2FA, whitelisting addresses and IP, and email encryption are implemented to protect against fraudulent withdrawals - all without the need for ID verification.

I think, to be on the safe side, we should now expect to be asked to verify at some point. I really detest the idea of sending my ID and selfies too, but I'm afraid this is the way it's going to be from now on.

This. When you consider how often exchanges are hacked, and then people's details sold on the dark web, it really doesn't inspire confidence, and it's a great risk uploading your id.

Thanks for posting OP - looks like the only way to be safe if you have just basic verification is to regularly withdraw coins so that you are always under $1000.

Thank you all for your answers.

I don't see the problem on asking for verification to avoid money laundry.

I see a problem when I am being asked for a basic account verification (home address + phone number) that is supposed to be all they would ask up to 3BTC and suddenly coming from nowhere, with my account already verified since months with that basic account verification, they disable your account and they ask you for a different identification. I would have been totally ok if that was part of what they call basic verification from the very beginning!

Maybe it's not a problem for some people, but lot's of people aren't comfortable handing over all their personal info to an exchange.
Decentralized exchanges are the future.

For me! Bittrex is good to exchange! Withdraw fast but support slow than i think! ( because sometime i need contact to them)

I don't see any problem here...

They don't want you to play with huge amount of money if you don't show you are not a fraud...