Yes, it sounded like that at first, but it follows btc rate or price.
now they reduce to 0.4 BTC for Basic Account.
so, I think it will be lower or higher based on BTC price or USD.
And yes, for new account is unfortunately 0 for now and need to verify basic information, but not all people lucky which their informations are available on public information.
most of them are missmatched name and need to enhance the verification.
Topic: What's the current state of new Bittrex accounts? (Read 726 times)
Bittrex used to allow withdrawals of 1 BTC for unverified accounts. Recently they've been transitioning away from unverified accounts to comply with KYC regulations.
For a while they kept 1 BTC withdrawals for accounts created before October 30th 2016 while removing withdrawals for new accounts and having 0.025 max withdrawals for accounts created quite recently.
Now they have 0.025 BTC withdrawals for accounts created before October 30th 2016 and no withdrawals for unverified accounts after that.
Presumably they will soon transition to forced verification. That looks like the way they're going. To be fair though, basic verification is extremely simple and it's only publicly available information.
Which is sucks, I usually do trades on Bitfinex, but at that time Bitfinex was on Maintenance and I decided to go to Bittrex Instead.For a while they kept 1 BTC withdrawals for accounts created before October 30th 2016 while removing withdrawals for new accounts and having 0.025 max withdrawals for accounts created quite recently.
Now they have 0.025 BTC withdrawals for accounts created before October 30th 2016 and no withdrawals for unverified accounts after that.
Presumably they will soon transition to forced verification. That looks like the way they're going. To be fair though, basic verification is extremely simple and it's only publicly available information.
Sign up, send my Bitcoin Gold, Trade them to Bitcoin, but wait... I can't withdraw my Bitcoins yet.
They asked me to do basic verification in order for me to get 0.025 withdraw limit, fair enough.
Put in my names, address, etc. "Sorry, we can't verify your data, please proceed with enhanced verification".
Now I need to upload my ID, which I can't because I lost it and it's being re-printed and should be done by March 2018 (I know, it's bull)
Bittrex now has hold my 0.05 BTC Hostage until March
Hmm sounds Bittrex was used as hackers withdrawal gateway. Whats happening now is a part of their security measures for all users.
Bittrex used to allow withdrawals of 1 BTC for unverified accounts. Recently they've been transitioning away from unverified accounts to comply with KYC regulations.
For a while they kept 1 BTC withdrawals for accounts created before October 30th 2016 while removing withdrawals for new accounts and having 0.025 max withdrawals for accounts created quite recently.
Now they have 0.025 BTC withdrawals for accounts created before October 30th 2016 and no withdrawals for unverified accounts after that.
Presumably they will soon transition to forced verification. That looks like the way they're going. To be fair though, basic verification is extremely simple and it's only publicly available information.
For a while they kept 1 BTC withdrawals for accounts created before October 30th 2016 while removing withdrawals for new accounts and having 0.025 max withdrawals for accounts created quite recently.
Now they have 0.025 BTC withdrawals for accounts created before October 30th 2016 and no withdrawals for unverified accounts after that.
Presumably they will soon transition to forced verification. That looks like the way they're going. To be fair though, basic verification is extremely simple and it's only publicly available information.
Why is verification a problem for you?
Would you rather to have millions of scammers hiding behind crypto and scamming people only to anonymously sell their coins on unverified exchanges?
If you re not a scammer, you ve got nothing to hide.
WTF can they do with my Name and my ID number?
Because where all our personal documents will end is unknown, it can get into wrong hands through company employs. Would you rather to have millions of scammers hiding behind crypto and scamming people only to anonymously sell their coins on unverified exchanges?
If you re not a scammer, you ve got nothing to hide.
WTF can they do with my Name and my ID number?
Crypto is all about anonymous transactions, bittrex can allow unverified accounts to trade cryptos and withdraw unlimited amount of cryptos every day. Scammers can't cashout in this way, what they will get at end is just crypto, hitbtc allows unverified users to withdraw/deposit unlimited amount of cryptocurrencies every day.
Many countries ban use of crypto or trading them, so people from such countries like to hide their idendity while using cryptos + exchanges.
Name might not be enough but they have already lowered withdrawal limit for basic verified users from 3 BTC to 0.4 BTC per day. To increase this limit we have to send copies of our real documents which is actual problem.
Why is verification a problem for you?
Would you rather to have millions of scammers hiding behind crypto and scamming people only to anonymously sell their coins on unverified exchanges?
If you re not a scammer, you ve got nothing to hide.
WTF can they do with my Name and my ID number?
Would you rather to have millions of scammers hiding behind crypto and scamming people only to anonymously sell their coins on unverified exchanges?
If you re not a scammer, you ve got nothing to hide.
WTF can they do with my Name and my ID number?
It's more than that. For US users: Name, address, birth date, last four digits of Social Security number, scan of ID and selfies. It's not all the information required to steal your identity, but it's most of it. In particular, I am very uncomfortable giving out the last 4 of my SSN. The first 5 digits of someone's SSN can be predicted using other personal information (like state of birth). As such, giving out the last 4 of your SSN is dangerously close to giving out the entire number. And once your SSN is stolen, game over. You'll never get a new one.
Fraud and ID theft are rampant, and these exchanges are targets for hacking. They're not banks, either. They're shitcoin exchanges. Do you really trust them with your data? And who is this Jumio company that Bittrex contracts with to do enhanced verification? Why should I trust them?
Why is verification a problem for you?
Would you rather to have millions of scammers hiding behind crypto and scamming people only to anonymously sell their coins on unverified exchanges?
If you re not a scammer, you ve got nothing to hide.
WTF can they do with my Name and my ID number?
Would you rather to have millions of scammers hiding behind crypto and scamming people only to anonymously sell their coins on unverified exchanges?
If you re not a scammer, you ve got nothing to hide.
WTF can they do with my Name and my ID number?
I have launched a telegram group. I want all those whose account has been disabled to join to this group. and if we needed to file a lawsuit against them we can do it collectively for better results.
everybody is welcome
here is group:
https://t.me/joinchat/BjmOlA2Ir-_l5XhBATHoTg
everybody is welcome
here is group:
https://t.me/joinchat/BjmOlA2Ir-_l5XhBATHoTg
Can someone explain, why is the basic verification a problem?
Not a complicated task, but how many I see to many is the problem here to leave the right data, name, phone and etc.. why?
1. The more people you reveal your phone number to, the more likely it is that someone is going to reveal your information or have your information stolen from them which can become annoying in the future.Not a complicated task, but how many I see to many is the problem here to leave the right data, name, phone and etc.. why?
2. Some members may be in restricted jurisdictions or may not comply with Bittrex's agreements in other ways, such as being underage. Bittrex is not responsible for this as those people should not have been using the service, but it is understandable that some people could be annoyed that they didn't get enough notice.
3. Some cryptocurrency enthusiasts are afraid of government intervention or other violations of their privacy, which they believe they should have a right to in this situation. They may also be afraid of the ties of their holdings to Bittrex - in order to stop people from finding out that the coins belong to them, they would have to run them through a mixer or take other steps to protect their privacy.
Can someone explain, why is the basic verification a problem?
Not a complicated task, but how many I see to many is the problem here to leave the right data, name, phone and etc.. why?
Not a complicated task, but how many I see to many is the problem here to leave the right data, name, phone and etc.. why?
Can someone that has created a Bittrex account recently explain what are the features of their account?
Some people were reporting a 3 BTC limit for withdraws, but when I created it, it was 1 BTC limit, and it required real place of birth, real full name, real address etc (they check against public records, so you can't lie, if you lie, they ask you to enter a real phone for an SMS confirmation), and this is to trade crypto to crypto too, so it's not like they allow you to trade between cryptos without confirmation.
But now im hearing 0.025 BTC limit for withdraws which is ridiculous.
I know some people got lucky and got "Legacy" accounts, but these will be over soon or that's what Bittrex has been saying for a while.
Some people were reporting a 3 BTC limit for withdraws, but when I created it, it was 1 BTC limit, and it required real place of birth, real full name, real address etc (they check against public records, so you can't lie, if you lie, they ask you to enter a real phone for an SMS confirmation), and this is to trade crypto to crypto too, so it's not like they allow you to trade between cryptos without confirmation.
But now im hearing 0.025 BTC limit for withdraws which is ridiculous.
I know some people got lucky and got "Legacy" accounts, but these will be over soon or that's what Bittrex has been saying for a while.
With Basic verification (name + DOB + country) + real phone number you will have 3BTC limit.
Without Basic verification you will have 0.00 limit.
Just check:
https://support.bittrex.com/hc/en-us/articles/215282838-Frequently-asked-questions-about-account-verification
https://support.bittrex.com/hc/en-us/articles/231701788-Verification-Withdraw-Limits-and-Troubleshooting
Unverified Accounts created on or after 08/01/17: 0 BTC (or equivalent) per day
Presumably they will soon transition to forced verification. That looks like the way they're going. To be fair though, basic verification is extremely simple and it's only publicly available information.
Yes basic verification is quite simple and I have also done it recently to increase my limit to 3 btc per day. But right now I am not storing much of my bitcoin or altcoin there because all these steps they are taking looks quite surprising and they might add more verification soon. I have left polo recently and now bittrex is adding confusing terms in their KYC policy
Bittrex used to allow withdrawals of 1 BTC for unverified accounts. Recently they've been transitioning away from unverified accounts to comply with KYC regulations.
For a while they kept 1 BTC withdrawals for accounts created before October 30th 2016 while removing withdrawals for new accounts and having 0.025 max withdrawals for accounts created quite recently.
Now they have 0.025 BTC withdrawals for accounts created before October 30th 2016 and no withdrawals for unverified accounts after that.
Presumably they will soon transition to forced verification. That looks like the way they're going. To be fair though, basic verification is extremely simple and it's only publicly available information.
For a while they kept 1 BTC withdrawals for accounts created before October 30th 2016 while removing withdrawals for new accounts and having 0.025 max withdrawals for accounts created quite recently.
Now they have 0.025 BTC withdrawals for accounts created before October 30th 2016 and no withdrawals for unverified accounts after that.
Presumably they will soon transition to forced verification. That looks like the way they're going. To be fair though, basic verification is extremely simple and it's only publicly available information.
Can someone that has created a Bittrex account recently explain what are the features of their account?
Some people were reporting a 3 BTC limit for withdraws, but when I created it, it was 1 BTC limit, and it required real place of birth, real full name, real address etc (they check against public records, so you can't lie, if you lie, they ask you to enter a real phone for an SMS confirmation), and this is to trade crypto to crypto too, so it's not like they allow you to trade between cryptos without confirmation.
But now im hearing 0.025 BTC limit for withdraws which is ridiculous.
I know some people got lucky and got "Legacy" accounts, but these will be over soon or that's what Bittrex has been saying for a while.
Some people were reporting a 3 BTC limit for withdraws, but when I created it, it was 1 BTC limit, and it required real place of birth, real full name, real address etc (they check against public records, so you can't lie, if you lie, they ask you to enter a real phone for an SMS confirmation), and this is to trade crypto to crypto too, so it's not like they allow you to trade between cryptos without confirmation.
But now im hearing 0.025 BTC limit for withdraws which is ridiculous.
I know some people got lucky and got "Legacy" accounts, but these will be over soon or that's what Bittrex has been saying for a while.
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