BITTREX - VerificationThis is coming soon.
you should all be aware of this..............
Note that with my Name/Address/Date of Birth - They could not verify me through Public Records. I had to apply for an
advanced account.
Enhanced accounts require users to submit scans of their identification and
selfies.
The Bittrex service provider, Jumio, uses a number of heuristics to verify that the id are legitimate and the faces match.
Submitted Passport and Selfie 6 hours ago - no reply yet.
Hope my selfie does not screw up their heuristics too much.
Will update. UPDATE - APPROVED
Make sure to get your FREE T-Shirt if you verify..............
Cheers - usukan
https://bittrex.zendesk.com/hc/en-us/articles/215282838--Draft-Frequently-asked-questions-about-account-verification------------------------------------------------------
[Draft] Frequently Asked Questions About Account Verification
Why does Bittrex have account verification?
Bittrex verifies the account of each user as part of our Anti-Money Laundering (AML) and Know Your Customer (KYC) program. This requirement is mandated on us by a number of different US government regulatory bodies. The philosophy of our program is to require the minimum amount of information from our customers while providing the most services to them.
We're sharing the details of the program to you now so that we can collect feedback and make changes if possible.
What are the different levels of verification?
We support two types of accounts.
Basic accounts can trade up to $2000 or digital currency equivalent per day
Enhanced accounts have no trade limits and have access to our fiat markets once they are available
Does this affect my withdrawals and deposits?
No.
How do you verify accounts?
Basic accounts require users to submit their name, address, and birth date to us. We verify it through public records. If we can verify you through public records, we will accept your application for a basic account. If we cant, you will need to apply for an advanced account.
Enhanced accounts require users to submit scans of their identification and selfies. Our service provider, Jumio, uses a number of heuristics to verify that the id are legitimate and the faces match
When does this go into effect?
We're still in the planning stages and are phasing our program in.
We are currently in the first phase while we test the system. Your participation is voluntary (unless you are a developer attempting to get your coin launched on our platform) and there are no trade limits whether or not you verify. Thank you for helping test our system. As a reward, we'll send you a free t-shirt while supplies last. Send an email to
[email protected] with the subject "I verified and all I get is this damn t-shirt" once your account is at least basic verified with your preferred size.
Our second phase is expected to start in late May/June where enhanced accounts will be needed to trade fiat and a number of other services we are expected to roll out.
Our third phase is to require every account to at least be basic verified. The time frame for that is TBD.
Why are the limits on trading and not withdrawals?
Without getting too much into the legalese, our interpretation of what constitutes money transmission is the trading from one user to another, not the movement of currency in and out of the exchange. Therefore our AML/KYC program is based around trading volume, not deposits and withdrawals. We're working with regulators to get clarity on this point but the precedence already exists when it comes to securities and commodities trading.
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