when does btc-e require your verification?

Domino

hero member

Activity: 662

Merit: 500

https://btc-e.com/page/1

Quote

Identity verification

Required in case you choose to load your account by wire transfer.To comply with AML/CTF recommendations, we require our clients to verify identity by providing scanned copy of ID and scanned copy of utility bill or a bank statement which should not be older then 6 month. Copy should be in good resolution and colored.

So, it seems you need to complete the verification only if you choose to deposit fiat money with wire transfer.

bitnanigans

sr. member

Activity: 266

Merit: 250

I haven't seen them require user verification for anything. But you can always confirm from their support.

haploid23

legendary

Activity: 812

Merit: 1002

Quote from: CocoBongo on November 01, 2014, 01:41:25 PM

have quite some bitcoins when i bought them back in 2009

2009 huh? Now I just don't believe you. BTC was not traded much in 2009, so I'm pretty sure you didn't buy any that early. They were mined just to keep the network afloat, but not traded.

Argwai96

legendary

Activity: 1036

Merit: 1000

Thug for life!

Quote from: moni3z on November 01, 2014, 03:14:27 PM

Ask their support when you log in
It depends on how they pay you, a large bank transfer they probably need verification.

If I were you I'd only trust an entity with an address and verified owners though, sure BTC-E has been around and has reputation but that doesn't mean tomorrow they couldn't disappear into Russia/Bulgaria with everybody's coins and you'd never see them again. There's cash traders there if you want https://localbitcoins.com/ad/109775/sell-bitcoins-for-cash-cure-dominican-republic-av-leopoldo-navarro-129-santo-domingo-10203-dominican-republic

btc-e is in a very unique situation. You are correct to say their owners are unknown and as a result you are taking on additional risks because of this. However you are also preventing yourself from being exposed to certain risks (for example btc-e likely has very little regulatory risks, so the government likely is not able to seize the funds in your account).

moni3z

hero member

Activity: 899

Merit: 1002

Ask their support when you log in
It depends on how they pay you, a large bank transfer they probably need verification.

If I were you I'd only trust an entity with an address and verified owners though, sure BTC-E has been around and has reputation but that doesn't mean tomorrow they couldn't disappear into Russia/Bulgaria with everybody's coins and you'd never see them again. There's cash traders there if you want https://localbitcoins.com/ad/109775/sell-bitcoins-for-cash-cure-dominican-republic-av-leopoldo-navarro-129-santo-domingo-10203-dominican-republic

CocoBongo

member

Activity: 94

Merit: 10

is there an angel that is willing to help?

CocoBongo

member

Activity: 94

Merit: 10

have quite some bitcoins when i bought them back in 2009 now i want to liquidate some of them
and transfer them into my bank account

i am living in the domenican republic and have a bank account here

at what ammount do they want verification or do they ever ask?

(if yes I want to have my papers ready)

Topic: when does btc-e require your verification? (Read 1538 times)