Bittrex wants my credentials,where is crypto anonymity?!

[suziebirds]

Bittrex wants my credentials,where is crypto anonimity?! I cant withdraw my funds! I beware to give my credentials to bittrex I think its not safely Any oppinions?

[NeuroticFish]

Bittrex wants my credentials,where is crypto anonimity?! I cant withdraw my funds! I beware to give my credentials to bittrex I think its not safely Any oppinions?

I've never had such issues with Bittrex, so it may be that you tried to withdraw a big amount of money.
And in such case I find it normal in the world we live in today to require that. It's the AML requirement they have to comply in order to run legally.
I did a quick google search and I have 2 links for you to read.
https://support.bittrex.com/hc/en-us/articles/215282838-Frequently-asked-questions-about-account-verification
https://support.bittrex.com/hc/en-us/articles/231701788

[1Referee]

I seriously don't understand why people keep complaining about these situations. If you sign up to an exchange, you directly agree with all its terms, and when it comes to certain trades and actions, a certain level of verification is required. Bittrex is running a legitimate business that abides by all rules/laws, and thus you can kiss your 'anonymity' goodbye. I can definitely understand that you aren't easily giving out your precious personal information, but it's not that we're talking about Yobit, Wex, or Liqui here, Bittrex is probably one of the better overall non fiat exchanges out there. Just go through with it if you want to withdraw your funds, there is no other option than verification.

[suziebirds]

Difference between crypto or real money and banks No difference,the same big fees and no anonymity,nothing here.

[TheQuin]

I see this very much as being a tempory situation. While we still rely on exchanges then they are always going to be forced into complying with KYC/AML regulations. What will happen eventually is the technology will be developed to allow decentralised peer-to-peer exchanging of cryptocurrencies.

[junoreactor]

Soon or later, regulations will be put in place, but look at the bright side, with regulations people will be less exposed to scammers, and big investors will be "less scared" to invest in Bitcoins. Coinbase asked for a copy of my passport when I signed up with them. If you have nothing to hide and do nothing illegal, it is not a big deal IMO.

[suziebirds]

If I can withdraw my btc from bittrex in the future,I never use again this exchange

[richardsNY]

If I can withdraw my btc from bittrex in the future,I never use again this exchange

Don't act like Bittrex did you any harm -- they just follow the rules that fit within the long list of regulations exchanges have to deal with. If you will be able to withdraw your funds, it means that you have verified your account, and from there you can continue using Bittrex -- verification is a one time occurrence. Man up and handle it accordingly, because the longer you're not doing anything, the longer you can't get your funds back, it's that simple.

[markj113]

Don't act like Bittrex did you any harm -- they just follow the rules that fit within the long list of regulations exchanges have to deal with. If you will be able to withdraw your funds, it means that you have verified your account, and from there you can continue using Bittrex -- verification is a one time occurrence. Man up and handle it accordingly, because the longer you're not doing anything, the longer you can't get your funds back, it's that simple.

You do realise that Bittrex has frozen over 1000 accounts in the last few days.

People with fully verified accounts can no longer access funds, people with legacy accounts have had withdrawal limits reduced from 1337BTC a day to 3BTC

So yes Bittrex are causing harm as altcoin prices slide and people cannot sell when they want to.

[paxmao]

Bittrex wants my credentials,where is crypto anonimity?! I cant withdraw my funds! I beware to give my credentials to bittrex I think its not safely Any oppinions?

Two words: Shapeshift & Monero or Shapeshift & ZCash if your preffer.

Or, to make sure, Shapeshift, monero, shapesift zcash and shapeshift bitcoin.

[figmentofmyass]

I seriously don't understand why people keep complaining about these situations. If you sign up to an exchange, you directly agree with all its terms, and when it comes to certain trades and actions, a certain level of verification is required. Bittrex is running a legitimate business that abides by all rules/laws, and thus you can kiss your 'anonymity' goodbye. I can definitely understand that you aren't easily giving out your precious personal information, but it's not that we're talking about Yobit, Wex, or Liqui here, Bittrex is probably one of the better overall non fiat exchanges out there. Just go through with it if you want to withdraw your funds, there is no other option than verification.

they have changed their terms multiple times recently. many of us did not sign up to these terms. they dropped peoples' withdrawal limits to 0 or 0.025 BTC/day unless they start the verification process. many people have basic verification, which was a healthy medium between full anonymity and giving your passport and SSN to a shady exchange. nobody knows who the owners of bittrex are; they are not public personas like with bitstamp or even bitfinex.

how do you know they are a "legitimate business that abides by all rules/laws?" for all i know, they might be taken down by the FBI tomorrow just like btc-e was. they've been operating as a money transmitter -- and headquartered in the USA no less -- without any legal registration as an MSB in any of the 50 states. that alone is enough to have them immediately shut down by regulators. why the hell would anyone want to give their documents to such a company? how could they be trusted to store the data properly? look at what is happening to equifax: you think bittrex can be trusted with our SSNs? fuck that! they are openly flouting the law already, you think they give a shit about the integrity of your personal data?

the fact that there is a large, steady stream of people complaining of having their accounts disabled recently and forced to provide ID documents suggests this is systematic, and not the fault of the users whose accounts are disabled. this is shady as fuck on the part of bittrex.

[richardsNY]

You do realise that Bittrex has frozen over 1000 accounts in the last few days.

People with fully verified accounts can no longer access funds, people with legacy accounts have had withdrawal limits reduced from 1337BTC a day to 3BTC

So yes Bittrex are causing harm as altcoin prices slide and people cannot sell when they want to.

I am well aware of what's going on, but what exactly has this to do with OP? OP doesn't have a verified account, and thus has landed himself into a rather unnecessary annoying situation. Bittrex as it is doesn't allow anyone freshly signing up to withdraw funds without verification. It clearly shows that you have to bump your account verification to at least the basic level in order to be able to withdraw funds, which is 3 BTC worth of whatever crypto currency per day. In this case I still stand by my words -- Bittrex didn't do this user any harm.

[1Referee]

they have changed their terms multiple times recently. many of us did not sign up to these terms. they dropped peoples' withdrawal limits to 0 or 0.025 BTC/day unless they start the verification process. many people have basic verification, which was a healthy medium between full anonymity and giving your passport and SSN to a shady exchange. nobody knows who the owners of bittrex are; they are not public personas like with bitstamp or even bitfinex.

Terms have been very lenient for the 'older' accounts, but the fact is still that you make use of a centralized exchange platform that at any time can change the rules of its 'game'. Does it suck that they can just change things at any time, sure it does, but that's something people shouldn't be surprised about.

how do you know they are a "legitimate business that abides by all rules/laws?" for all i know, they might be taken down by the FBI tomorrow just like btc-e was. they've been operating as a money transmitter -- and headquartered in the USA no less -- without any legal registration as an MSB in any of the 50 states. that alone is enough to have them immediately shut down by regulators.

Perhaps I should have used different wording -> They try to act like they are abiding by the rules/laws.

why the hell would anyone want to give their documents to such a company? how could they be trusted to store the data properly?

That basically goes up for every exchange. Nothing protects precious user information from being abused in whatever shape or form, looked into by entities that should be able to do so, etc. It's just people fully verifying initially, where it then is being pushed deep under a heavy load of sand, where after that people don't care anymore as long as it isn't directly bothering them.

the fact that there is a large, steady stream of people complaining of having their accounts disabled recently and forced to provide ID documents suggests this is systematic, and not the fault of the users whose accounts are disabled. this is shady as fuck on the part of bittrex.

That I can definitely agree with, but I was mainly referring to people signing up in recent days. If you sign up today, without looking into the terms at all, you deposit whatever coin, and then you find out that your funds are stuck, honestly, who's fault is it then? And that's exactly what I was referring to with my initial post. I am not talking about others who've been long term members of Bittrex and suddenly are forced to provide ID and whatnot.

[exstasie]

they have changed their terms multiple times recently. many of us did not sign up to these terms. they dropped peoples' withdrawal limits to 0 or 0.025 BTC/day unless they start the verification process. many people have basic verification, which was a healthy medium between full anonymity and giving your passport and SSN to a shady exchange. nobody knows who the owners of bittrex are; they are not public personas like with bitstamp or even bitfinex.

Terms have been very lenient for the 'older' accounts, but the fact is still that you make use of a centralized exchange platform that at any time can change the rules of its 'game'. Does it suck that they can just change things at any time, sure it does, but that's something people shouldn't be surprised about.

Terms were not lenient for older accounts. Many people have dozens of BTC stuck because they lowered the withdrawal limit to 0.025 BTC/day. That's a joke limit. Plus their withdrawal fees are huge. Sites can change terms whenever they want, but people can and should complain/warn the community of these shady practices. And nothing obligates you to come in and defend them for fucking over so many people at once.

And in this space, when I see this sort of thing happening, my first thought is "covering up insolvency" before anything else. Don't give these fuckers the benefit of the doubt. They have been operating illegally for years now. Don't for a moment act like they are legit. We, as crypto users, really need to migrate to decentralized exchanges...

how do you know they are a "legitimate business that abides by all rules/laws?" for all i know, they might be taken down by the FBI tomorrow just like btc-e was. they've been operating as a money transmitter -- and headquartered in the USA no less -- without any legal registration as an MSB in any of the 50 states. that alone is enough to have them immediately shut down by regulators.

Perhaps I should have used different wording -> They try to act like they are abiding by the rules/laws.

They make them up as they go along. They have legal counsel and if they are competent, the owners are aware of what money transmitters are. They choose to openly ignore the law -- and they make this extremely apparent -- while enforcing arbitrary restrictions on customers that are not legally required. You think there is some law saying "everyone has to verify otherwise 0.025BTC/day limit"?

why the hell would anyone want to give their documents to such a company? how could they be trusted to store the data properly?

That basically goes up for every exchange. Nothing protects precious user information from being abused in whatever shape or form, looked into by entities that should be able to do so, etc. It's just people fully verifying initially, where it then is being pushed deep under a heavy load of sand, where after that people don't care anymore as long as it isn't directly bothering them.

It doesn't go for every exchange to the same degree. Are you really comparing Gemini to Yobit? Bittrex is much close to Yobit than any of the legit exchanges. They could disappear tomorrow. They could easily be shut down by the DOJ at any moment. They have been operating illegally since inception and to boot, they are even based in the USA.

[rapidleech]

Bittrex will scaming everyone very soon, just w8 & see
they are changing the site terms whenever they want
blocking people, blocking withdrawal , ...... without any excuse and prior alert

[Zocadas]

There is no anonymity, neither on exvhange nor on most cryptocutrencies. In most countries exchangers and customers under certain circumstances have to pay taxes. There is also with cryptocurrencies no lawless space.

[Pearls Before Swine]

I assume it's safe, and they're required to do it.  Don't know about you, but if I had
any decent amount of money on Bittrex, I'd play their game, get my money, and
never use them again.  Weren't you aware this was going to be an issue before you
joined up with them?  It's common among all the exchanges that when dealing with
fiat, you have to go through all the KYC requirements.  Bittrex isn't alone in this.

[illyiller]

Bittrex will scaming everyone very soon, just w8 & see
they are changing the site terms whenever they want
blocking people, blocking withdrawal , ...... without any accuse and prior alert

I'm disappointed to see these shills in here saying this should be expected behavior and that the site can change the terms whenever they want -- with no notice -- when it comes to custodial duties. I actually don't think that's necessarily legal, as some are suggesting. In 2013, when Bitstamp mandated verification, they gave all customers ample notice to withdraw their funds if they did not plan to verify their accounts. Bitstamp is one of the world's most trusted exchanges.

I'm seeing complaints across Twitter about this too. I'm so glad I didn't follow through and fund my Bittrex account. I hesitated because of this exact fear. I tend to agree that we need to assume that this is a pretense for avoiding a bank run in an insolvency situation. They would know -- after Cryptsy -- that it looks a lot better to "disable accounts for user security" or "mandatory KYC verification for shitcoin trading even though we don't operate within the law" looks better than stuck/missing withdrawals.

[digaran]

Just wait my fellow cryptonators, wait a few more years when there is no need to exchange crypto to fiat, there is nothing we can do about it. exchanges if they allow you to do whatever you want, governments will freeze their bank accounts and all of their assets. if you could create a group to do mass trades on a DEX you will have trouble and earning profit will become harder but for now they have our funds and if we do something or say something, they might as well shut down their services and run to jump females on some beaches. lol.

[tiggytomb]

Bittrex wants my credentials,where is crypto anonimity?! I cant withdraw my funds! I beware to give my credentials to bittrex I think its not safely Any oppinions?

Those days are long gone, if you are looking to draw out a large sum then you need to meet the KYC guidelines, this is the same across all legit exchanges and although it is a bit of a pain it is kind of the norm now.