Bitcoin Forum

I have had  the legacy account for years.
Bittrex locked me up about a week ago, so I made a successful ID verification, but I refused to make an extended KYC verification. They want a photo of my face along with the ID, but I disagree with it.
My argument is that they don't have my permission to own and keep my photo. From my point of view, it is a great risk to give them such a picture.
https://medium.com/@wilderko/how-does-kyc-aml-pose-a-serious-threat-to-your-privacy-and-should-not-be-used-at-all-88f7acd3f3b (https://medium.com/@wilderko/how-does-kyc-aml-pose-a-serious-threat-to-your-privacy-and-should-not-be-used-at-all-88f7acd3f3b)

I wanted to terminate account, but they always reply with asking for that photo.


So today they asking for our face photo with ID, and next time they will want maybe our DNA or other biometric identification. Who knows.
I don't understand how they can rob people in this way.

I think that this scenario was too exaggerating for all trader who've been doing trading fairly. This turned out inhumane as they hold the rules strictly, people got pressured for this matter of KYC which tend to possibly breached some of the personal information coming from every user. Being anonymous was no longer a practice now, and being with decentralized currency I don't really appreciate this kind of thing. Maybe for suggestions, there must be conditions to follow in order to be fair for each and every customers.

Exchanges fear incoming regulations, thats why they require KYC now alltogether. Compare it to banks, you wont be able to open up a banking account without KYC. Its a step in the right direction in my opinion, the wild west mentality in this market scares any serious investor.

this is a very difficult subject to discuss, because most exchanges ask their customers to make KYC when the owners of those same exchanges are anonymous. but in the case of bittrex, it makes sense to ask photo of your face along with the ID. because with this they confirm that your ID is your

For crypto related online services this is their best alternative for you not showing up physically in their offices since KYCs from stock brokers require a similar approach when you are submitting proper documentation. Since exchanges could have users all around the world I think this is the best and only option for KYC. A selfie together with your ID shows proof that you are the real person behind the ID, because let's be real here just submitting an ID isn't enough to show that you are the real person using the account.

They have to do that to continue operating.  The government will shut them down if they do not implement KYC.  Bittrex, I believe knows how cryptocurrency work and how their members love anonymity but their business day will be over if they do not meet the KYC rule set by the government. 

I too, had a legacy membership from bittrex and I feel the horror.  But I need to use the exchange so I abide by their rules. 

When your money is held hostage, there's not much you can do. If you want the money back, you'll probably need to comply. That's what we get for trusting our money to these shady exchanges.


When it comes to depositing and withdrawing fiat, definitely. When it comes to crypto-to-crypto trading and accounts that don't deposit/withdraw fiat, that's not necessarily true. That's why even Americans can trade on Binance, Kraken, and others without giving up any ID documents (as long as fiat transfers aren't involved).

Even sites that do require ID don't necessarily require this selfie crap. I'm verified on Coinbase and never had to do that. I don't believe you need a selfie on Gemini either. These are just arbitrary requirements from Bittrex (or rather probably their 3rd party KYC provider). The law doesn't require it.

It is not a new thing for local exchange users in my country. The biggest Indonesian bitcoin exchange asks the same thing for any users who want to use their service no matter how much we are going to trade then we should provide our photo holding the ID card. It was applied since few years ago IIRC and I believe it is not a big deal for most of us. It is due to government rules imho.

You can even not comply with the KYC but you will have a limited fund transfer for a day/year.  As of the selfie holding your ID, it is just an extra layer of protection for the name holder, since identity theft is rampant in the internet.  It is to make sure that you are actually the one on the picture and the one using their platform.  Anyone can take its meaning the opposite way, but well, the thing is if we want to use their service, we need to comply with their rule.

I had been using Bittrex for a years and yet I never encounter any problem like yours have, I just only activate the 2FA but not submitting my personal information on which is the KYC. But I have a limited withdrawal in it for about 0.02BTC daily due to that I am not submitting my KYC to their platform.

You can still use Bittrex without submitting any KYC? Last time I remember KYC is a must to use their exchange.


It's actually a big deal for me if they're not regulated and don't have strong security protection for sensitive user data. Until this point, I don't really want to do any KYC at all in most sites. If I can avoid KYC I'd definitely avoid that, but if that's not possible I'd think again about the importance of such services. If there's an alternative, I'd probably use them instead.

That is very strange from Bittrex. You have a good limit of 10 BTC a day or maybe at least 2 BTC daily,,, I cannot remember... but you already have a good ID verification, why did they lock you out. What was your deposit and withdrawal history like? Maybe the amounts were very high? Do you have a second account which is forbidden?

I got issues recently with my 2fa, I have lost my phone and tried to disable the 2fa authentication on exchanges that I used including Bittrex. In order for me to retrieve my account they have requested my identification card and took picture holding it with the current date. I now have manage to get my account back and no tokens were stolen. How is that method going to ruined my identity and am I still secured? The good thing is my account is not locked and I am able to trade again. It is the same with other exchanges, I think it is safe to say that we could use that somehow in future problems like mine.

That's a basic requirement for KYC, I have done that and my account is now fully verified.
I know it's risky to submit our photo and our information but the fact that we are trading in an exchange which requires KYC, we can't do anything but to comply. I believe Bittrex has been a reputable exchange, so surely they will keep that information confidential, otherwise they might also be penalize.

I hear it more and more, Thanks for the post.  It looks like they are tighten the rules and use there generic account investigation as the reason to force kyc. Feels like they going to force it to anyone sooner or later.

I think this a routine thing that exchanges do lately. KYC is just a check on the identity of an account. It is really becoming a kind of frustration and making traders too choosy for an exchange to sign up with.

Exchanges have to KYC their customers or will be forced to shut down or prohibit access for citizens of particluar countries or are taken to court. As an exchange provider you definitly dont want to get in trouble with institutions like SEC so times are over when Exchanges could do anything they wanted to do.

I can assume your concern and it's a really big concern for our identity. But as long as I know most of the biggest crypto exchange sites want those documents. I think they should change it or need to harden their security.

nowadays Bittrex is starting to get tight, they don't want to be careless people who can trade on their platforms, I think this is very good. this is also for the security of their platform.
mandating KYC is one of the best ways to start improving the registration system of traders in Bittrex.

Why you are saying they rib people in this way? We all know that bittrex is one of the large crypto exchange in the world. I think they have more reputation and they don't try to rib people since as a large exchange. They just trying to maintain crypto regulation and want to provide high security for the trader.

Since they have already locked your account so you must pass the KYC verification to In motion your account again. Just skip KYC if you have little balance which you can consider Or if you have a high amount in the exchange then you should pass the KYC to save your balance IMO. Good luck dear!

Since you have had this account for years, maybe it is an update that is going on, thus requiring you to provide current data. Basically, most exchanges now are requiring for KFC, so that is possibly what this is.

Not all exchanges, some still accepts traders even without KYC, I have account at Binance and Kucoin but I can still trade without KYC.
It could matter depending on the size of money you trade, but in my case I'm just an average trader so I don't play with huge money and I'm okay with the current set up.

Binance surely offers the freedom people are looking for, but that's how all exchanges started initially, where later on they couldn't fight against the urgent need to comply with the regulations in every country they operate in.

I have seen it myself how exchanges lowered their withdrawal limit from 2BTC to 1BTC, to 0.5BTC, to 0.1BTC, and the last step is that you no longer have the ability to withdraw your funds unless you verify yourself.

It's only a matter of time for Binance and Kucoin to do the same. Make sure you don't get trapped in with your funds, so keep an eye out for the aforementioned withdrawal limit adjustments. It sucks hard all this KYC nonsense....

Exactly, above all the battle for freedom cannot be managed as a total anarchy, it is time to change to make a leap.

Oh sorry OP. It seems like that's what all of them are doing. Just like my Blockchain wallet that it was requesting that I should do a KYC and submit my photo, ID card and a video of myself (face), Lolzzz. After you have verified all that they will then allow you to exchange coins from the wallet and I have refused do that though I do know that they are trusted platform. Maybe you should do what they have requested of you, that's if you have money in your account that you want to get out. If not, then you can go for another exchange that is better. But I noticed most of them has started doing KYC, except Binance I think ::) ::).

This happened to lots of people including me.  I doubt they gave prior notice before introducing the KYC to enable traders move to somewhere else.. . I wasn't notified If they did.
 My fund is currently on the exchange for almost a year now.  I have forgotten it and moved forward.

LOL you're overreacting. You need to understand that them asking for KYC verification is to protect them and protect you, if you don't understand how that works, then you're better off using a DEX.
 
They're not robbing anyone (if you think they are, provide proof). They're simply asking for KYC because they need to comply with regulations. Plus, they want to verify the identity of the account owner, if you have nothing to hide, just submit your id photo.

I got an email from bittrex about 3-4 weeks ago, where they said they would lock my account if I did not do KYC. I was forced to upload my ID, the whole procedure has max. 5 minutes and I was verified, although my address on id did not match the address in account (i recently moved to new flat). Nevertheless account is verified. You can not do it, just play by the rules, I think the whole thing is shit. 1-2 years ago was no problem at all, register with e-mail address and trade easily. Welcome to the reality, thanks to regulation of states

It's certainly something that has had to be dealt with by a lot of old Bittrex users.

I personally have always believed that Bittrex and Poloniex should have allowed legacy users to terminate their accounts and withdraw their funds if customers chose to, without necessarily having to verify their identities.

Bittrex seems to be taking another stance on the matter with enforcing KYC nonetheless. You could try doing some more arguing with the Bittrex support, but if they insist on you completing verification, there is really nothing you can do on your side to avoid it, unless you want to forgo your balance. But that's the risk that comes with storing funds on an exchange - you never know what's going to be the next policy in terms of verification.

Oh that really true by the way I am also bittrex user before for my trading job but i recently not using bittrex because for the mean time i stop working in trading because of some personal reason, I'll check this issue about bittrex update requirements kyc.

Unfortunately its their site so its their rule that we have to follow. If we want to continue to use their site and they demand us to submit some documents then we have to follow their rules. There are other trading sites there that allows us to use their site without sending those that they requested.

Well, you caused it, there is not much to wish you can change about the KYC policy they are all being crazy about, that KYC has gone so deep into them and I see no form of action or rebellious attitude that will make then change their position.

It is their company and they have the right to make a policy that suits their business even if it doesn’t favor us, rather than fighting it, we can just simply follow the request if we have found ourselves in and walk out after getting what we want to look for an exchange that doesn’t require KYC. I have done KYC on only 2 exchanges and I dint think it is that terrible as we think, provided we don’t go about dropping of KYC on every exchanges.

They do not comply with any EU GDPR regulations.
https://www.gdpreu.org/the-regulation/key-concepts/consent/ (https://www.gdpreu.org/the-regulation/key-concepts/consent/)

They do not have my consent to own what they want. They are using users's funds as hostage to enforce users to give them what they want.
Enhanced KYC verification (Selfie with ID in hand) has nothing to do with security, just my opinion as IT guy.
For security we have password, 2FA, IP whitelist and so on.




I can't manage my funds or do any withdrawall so they just robbed me. On Kraken exchange I can make withdrawall or trade without KYC.

They are also responsible for loses or not realized gains because I can't trade and do risk management with my funds.
I can't terminate my account, I can't do anything. Just to say good bye to my funds.

Do you have any balance in that Bittrex account? I have completed my KYC details along with their selfie requirement but if you don't want to go through it, you should try sending them the mail and if it doesn't work and you have coins that aren't worth much, it's better to leave it. Most exchanges force users to go through verification before giving them their own money back while they did not require it before when we created the account in 2017.

Bittrex is already restricted need some kyc, if you dont pass kyc on their exchange you don't have any rights to withdraw your money from it so its hard to trade there also.

Bittrex is facing many legal difficulties and requires KYC customers to be able to avoid money laundering problems. Most European exchanges always require this and it makes me very frustrated when participating in KYC so instead of choosing Bittrex, you should choose easier exchanges like Binance, Huobi, Okex, Coinbene because These are very easy legal exchanges and you don't need to do KYC when participating in trading

That's how things will work now, changing the exchange site is the best options not being trapped, many available exchange who can cater what bittrex can provide, it should be a good reference, learn from this scenarios and avoid having difficulties with your own money.

Huobi still requires KYC if you withdraw big amounts and for that you need to submit passport and selfie which is the same like Bittrex. Not sure about the other exchanges though.

Most of the time, this is how KYC works. First you need to provide the picture of ID, next the picture of you holding the ID to verify that it is you. If you have big funds on trex then you should do the KYC verification in order to do so. Your account will be forever locked out.

Too bad for bittrex. I was also asked to verify uploading my ID to get approve for any withdrawal I will be made. So I need to verify it again with a selfie? We have been tricked of that extended KYC I didn't know there is. Now I know I should be aware now.

Maybe they are suspecting some malicious activities in your account, so I would advise that if you have coins in that account, just carry out the verification since there is nothing else you can do about this, maybe a rule have been broken and the only way for them to get your account unlocked is to carry out KYC for you alone. I don't make use of bittrex for trading so I might not be able to say what really happened that your account was blocked, I like their platform but I am already making use of binance for my trading activities.

He must have probably harassed them through his mail with the issue of KYC which every one of them is now beginning to be strict with, another reason why I fell they are so adamant with the issue of KYC is because they are centralized exchange and being centralized, they have to still be care the way they operate by strictly following government law too, since we already know the nature of these exchange, we should not be finding it so hard to abide by their policies, if we can’t abide, then we should go for the decentralized exchanges. These exchanges are not willing to bend for the KYC.

Bittrex is always a good exchange, I never use it anymore since there are a lot issue was coming. Also, the identity verification made me stressful. In your case, if you want your account back then you need to follow their verification. If you are not willing to give them their needs, then you better to give it up. However, that instruction is also to avoid them from being money laundering place.

Bittrex Exchange- scam! I entered the password as usual, then I was asked to confirm via mail - no problem! Further entered the password from the phone-2FA verification-successfully! Translated Bitcoins, I bought a little bit, and when I was taken out they blocked me! On the letter - ask to wait! but you will wait for weeks, the ANSWER WILL NOT BE! they steal money! My account 3 years old- whey blocked 20 000 USD !

Bittrex is not a bad exchange for me in terms of their service.

However, most of exchanges ask for a selfie of yours along with the photo ID to ensure that the photo ID is not a stolen one. This is doing for your own safety because if someone else who stole your photo of photo ID can pretend as you and do illegal activities which is known as identity theft.

Exchanges have to comply with the rules and regulations and they asked to take necessary measures to identify their customers. Therefore, we have to do it and pass the KYC verification though we don't like it.

We really need to understand this with the exchange platforms and id verification is to bring government confidence into cryptocurrencies. I think many dubious people are hiding under the anonymous nature of cryptocurrencies and bitcoin's transactions in particular to fund terrorism, hacking, scamming, stealing public fund and laund it through exchange and that is why it is good they know the identity of those that used their platforms.

When it comes to exchanges like Binance and Bittrex, they are the most respectable exchanges I have ever seen because they would not take any shit that would tarnish their image or mar the investment of their users.

If we make our right investigation, we will find out that op is probably the one at fault here which should be all about KYC and I don’t know why people who feel they are not dubious run away from KYC, if we trust an exchange and that is the only exchange we chose to use, I think the KYC is worth trying.

The only exchange I have been using is binance which I have done my KYC and have no reason to go drop my KYc again somewhere else.

You should have reported the incident and written a review of Bittrex. New users should know as much as possible about exchanges. Both positive and negative sides. This will allow you to have objective information. Your experience will help to avoid unpleasant surprises with Bittrex. I recommend leaving a review here - https://www.trustpilot.com/review/bittrex.com  and https://revain.org/exchanges/bittrex

I guess that you are confused too because if you see what op write, you will see that the exchange has no issue. Op is probably trying to extend to some transactions that has gone beyond their free level, and they already drafted policy of KYC, and the moment you chose to use the exchange, then you are agreeing to go by the rules.

If the op fail to follow their rule, what do you expect them to do, they should leave the system open because he is Mr. president\/ since he does not want to go by their rues, they have every right to actually lock him out and that I dint think there is even need for reviews about them because they have not done anything so bad to me. Op does not want KYC then he should look for another exchange.