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Author Topic: Poloniex changing their ToS -- Needs verification for withdrawals next week.  (Read 7752 times)
box0214 (OP)
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May 19, 2015, 12:11:56 AM
Last edit: May 19, 2015, 06:24:49 PM by box0214
 #1

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Greetings from Poloniex!

We're happy to announce that Margin Trading with Peer-to-Peer Lending is now available at Poloniex! You can now borrow funds from lending users to open long and short positions with 2.5x leverage on our XMR, DASH, XPR and LTC Margin Trading platform. You can also loan funds in the same selected markets in 1 day intervals at up to 5% interest.

In addition, we are requiring that all users provide us with their first name, last name, and country of origin by May 20th, 2015. This information is mandatory for all users and all withdrawals. Go to your Profile page to get started.

The Poloniex Team

Just for those that dont know and have some btc or other altcoins sitting there. might just go with http://multigateway.org/ instead now...
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sirslayer
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May 19, 2015, 12:14:06 AM
 #2

i lost my dogecoins from this tranfer!!!!  Sad
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May 19, 2015, 12:40:31 AM
 #3

They're about to have a flood of people named "Fuck You" from Afghanistan.

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May 19, 2015, 12:47:51 AM
Last edit: May 21, 2015, 03:15:54 PM by Victor Beckham
 #4

Just for those that dont know and have some btc or other altcoins sitting there.

It is high time people do understand the risk of using real time exchanges. They require verification, get hacked and a hell lot of other problems. It is better to use direct trading exchanges that accept ALT coins, like 100bit.co.in.

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May 19, 2015, 01:05:02 AM
 #5

I successfully withdrew some coins today without verifying. However there is a giant red warning that I will no longer be able to withdraw without verification tomorrow.
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May 19, 2015, 01:36:36 AM
 #6

i lost my dogecoins from this tranfer!!!!  Sad


I don't think the restriction is in place yet. It won't be a requirement until the 20th. Your dogecoins shouldn't be affected:


Dear GOD/GODS and/or anyone else who can HELP ME (e.g. MEMBERS OF SUPER-INTELLIGENT ALIEN CIVILIZATIONS): The next time I wake up, please change my physical form to that of FINN MCMILLAN of SOUTH NEW BRIGHTON at 8 YEARS OLD and keep it that way FOREVER. I am so sick of this chubby Asian man body! Thank you! - CHAUL JHIN KIM (a.k.a. A DESPERATE SOUL) P.S. If anyone is reading this then please pray for me! [ www.chauljhin.com ]
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May 19, 2015, 01:44:44 AM
 #7

https://bitcointalk.org/index.php?topic=1064940.0

I believe it requires profile completions by day after tomorrow, not next week.
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May 19, 2015, 02:47:45 AM
 #8

I traded at poloneix for the last few years but have pulled my coinage many months ago and happy I did so. Just transfer over to bitfinex and you'll be fine at this point unless you have no problem with P's new process. However, trading these days can be risky esp on lev so perhaps just buy/hold and put the funds back in your wallets.
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May 19, 2015, 03:53:00 AM
 #9

what makes users put their real information in the profile?! and most importantly why the hell they want this information for?
it looks like i have to migrate competently to bittrex now Cheesy

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May 19, 2015, 04:16:15 AM
 #10

well I got my dogecoins back but now it wont let me withdraw Sad help desk is swamped I guess...   an announcement before hand would of help..
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May 19, 2015, 04:32:28 AM
 #11

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Greetings from Poloniex!

We're happy to announce that Margin Trading with Peer-to-Peer Lending is now available at Poloniex! You can now borrow funds from lending users to open long and short positions with 2.5x leverage on our XMR, DASH, XPR and LTC Margin Trading platform. You can also loan funds in the same selected markets in 1 day intervals at up to 5% interest.

In addition, we are requiring that all users provide us with their first name, last name, and country of origin by May 20th, 2015. This information is mandatory for all users and all withdrawals. Go to your Profile page to get started.

The Poloniex Team

Just for those that dont know and have some btc or other altcoins sitting there.

Thanks for the post, but I'd probably change the title of this thread to say May 20th, as that's this week, in less than 48 hours, not next week.
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May 19, 2015, 06:07:07 AM
 #12

what? verification without dealing with fiat? that's really a bad move from them, i don't like it at all, cryptoworld should stay crypto you know, verification should not be needed when dealing only with altcoin

what happen if someone put fake name and country?
louise123
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May 19, 2015, 06:45:27 AM
 #13

Quote
Greetings from Poloniex!

We're happy to announce that Margin Trading with Peer-to-Peer Lending is now available at Poloniex! You can now borrow funds from lending users to open long and short positions with 2.5x leverage on our XMR, DASH, XPR and LTC Margin Trading platform. You can also loan funds in the same selected markets in 1 day intervals at up to 5% interest.

In addition, we are requiring that all users provide us with their first name, last name, and country of origin by May 20th, 2015. This information is mandatory for all users and all withdrawals. Go to your Profile page to get started.

The Poloniex Team

Just for those that dont know and have some btc or other altcoins sitting there.

Thanks for the post, but I'd probably change the title of this thread to say May 20th, as that's this week, in less than 48 hours, not next week.

That is true. May 20th is tomorrow actually.
Apart from that, are they talking about fiat withdrawals or all withdrawals (fiat & crypto)?

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cryptojumper
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May 19, 2015, 06:46:03 AM
 #14

Will I need to upload my documents or I just input my name etc without any proof that they are legit? If so then no worries, but I'm not comfortable enough throwing my docs with all the sensitive data info left and right to every shitty altcoin exchange.. But if they use a word verification, I guess they should require to verify something, or they verify just by asking lol Roll Eyes

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May 19, 2015, 06:48:40 AM
 #15

I already sold all dogecoins and other crypto so I don't care so much.) next step from them will be personal ID verification..wait for it..
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May 19, 2015, 07:42:38 AM
 #16

Will I need to upload my documents or I just input my name etc without any proof that they are legit? If so then no worries, but I'm not comfortable enough throwing my docs with all the sensitive data info left and right to every shitty altcoin exchange.. But if they use a word verification, I guess they should require to verify something, or they verify just by asking lol Roll Eyes

I am wondering the same thing because as per the announcement they're only saying that one needs to complete their profile and enter their first/last name but how will they verify it?

I think maybe they'll be ask to provide documents from the users who trade in high quantity.

But they're going to lose a lot of users if they do this because not many people would be happy giving their documents as they fear an Identity theft.

 

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WhatTheGox
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May 19, 2015, 07:54:58 AM
 #17

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Greetings from Poloniex!

We're happy to announce that Margin Trading with Peer-to-Peer Lending is now available at Poloniex! You can now borrow funds from lending users to open long and short positions with 2.5x leverage on our XMR, DASH, XPR and LTC Margin Trading platform. You can also loan funds in the same selected markets in 1 day intervals at up to 5% interest.

In addition, we are requiring that all users provide us with their first name, last name, and country of origin by May 20th, 2015. This information is mandatory for all users and all withdrawals. Go to your Profile page to get started.

The Poloniex Team

Just for those that dont know and have some btc or other altcoins sitting there.

For crypto only traders this seems a little crazy? bitfinex doesnt do this even when you trade in and out of USD to coin.  Why would anyone now decide to trade on poloniex?
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May 19, 2015, 07:57:34 AM
 #18


what kind of verification they need and why they too verify our profile when they are only dealing with altcoin coins?
their verification method is kinda joke Wink i entered fake data into first step and get verified. Grin

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May 19, 2015, 07:57:48 AM
 #19

no thanks

Be radical, have principles, be absolute, be that which the bourgeoisie calls an extremist: give yourself without counting or calculating, don't accept what they call ‘the reality of life' and act in such a way that you won't be accepted by that kind of ‘life', never abandon the principle of struggle.
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May 19, 2015, 08:14:31 AM
 #20


what kind of verification they need and why they too verify our profile when they are only dealing with altcoin coins?
their verification method is kinda joke Wink i entered fake data into first step and get verified. Grin


why did you black it out if it was fake data?
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