Exchange Bittrex began to block accounts!!!

[Andrey123]

Hello everybody!
I just found out that the exchange has started to block accounts!
Without explaning the reason!

[squatter]

Hello everybody!
I just found out that the exchange has started to block accounts!
Without explaning the reason!

Yes, it's all very cryptic at the moment. Bittrex is silent while thousands of users are complaining about disabled accounts and enforced enhanced verification. Journalists are starting to pick the story up: https://twitter.com/WolfOfCryptsy/status/920137064573628416

There is speculation that it has to do with country of origin; apparently many users reside in countries like Iran, Pakistan and Russia. Bittrex is, of course, based in the US. Other users are reporting that Bittrex emailed them and said that since their account was valued at more than $1,000 that it must be verified. In the meantime (days) it seems that many people are simply locked out and unable to trade or withdraw.

[mocacinno]

i can verify that i to got a notice that i needed to enable enhanced verification before i could withdraw from bittrex.
I immediately exchanged whatever funds i still had with them to LTC and withdrew. I was lucky, cause it seems this worked for me.

I will probably not be using them anymore in the future, since i do not want to send images of myself holding my id and utility bill to a US company.

[Andrey123]

That is, if the balance is less than 1000 US dollars, you do not have to worry?
I have many open orders in different coins.
And where to translate them now? (
Which exchange should I use?
Is there a normal stock exchange at the moment?

[squatter]

That is, if the balance is less than 1000 US dollars, you do not have to worry?
I have many open orders in different coins.
And where to translate them now? (
Which exchange should I use?
Is there a normal stock exchange at the moment?

People are definitely moving back to Poloniex from the looks of it. I can already see some volume has moved over there, and I've noticed that whales seem to be moving first on Poloniex today rather than Bittrex. Unfortunately, Polo isn't without its problems -- long wait times for support, stuck withdrawals, etc. But they haven't pulled a scary stunt like this.

It's not clear yet what their new policies are. Bittrex has not released an official statement, and they are not responding to media inquiries. Total radio silence from them.

[okae]

Really? i was going to start to use some services with them but now maybe i should think on it twice before start using it. At the moment i didn't received an email about verification or something like that like polo did some time ago, but who know, maybe my country is safe for them xD

...Without explaning the reason!...

that's what scares me, that they didn't give a reason to his users, bad bad...

[BrewMaster]

i can verify that i to got a notice that i needed to enable enhanced verification before i could withdraw from bittrex.
I immediately exchanged whatever funds i still had with them to LTC and withdrew. I was lucky, cause it seems this worked for me.

I will probably not be using them anymore in the future, since i do not want to send images of myself holding my id and utility bill to a US company.

i just checked and i have the same issue! i am going to do the exact same thing too. i already have most of my funds in LTC but i have to sell some other altcoins there also.

where do you migrate to? i have my eye on cryptopia but it is sadly smaller. poloniex is the same too, they also ask for verification

[piebeyb]

Withdrawals are restricted I think it has also been applied and for news about their user accounts locked by bittrex party may be because there are other things like security, I think maybe they make some new rules that need to be obeyed by users, currently my account is still safe to withdraw

[Terra_Anon]

Since there is no Explanation why they are blocking users, if you are into trading and invested as much are they willing to pay for compensation for the said inconvenience about the matter. This should be advised thoroughly to members to know and expect what to do.

[treather]

I really dont know what to think, on one hand I think they are about to bolt and run, on the other hand am hoping they have a good reason. I was able to withdraw my assets just last week, but I know one or two people that have their accounts blocked.

[coinmgnet]

This is the reason I prefer to have a wallet on my PC not on a website. It's more secured and you have full control, nobody can block you.

[Adbitco]

Yes that's true although they have not blocked my account but I am required to provide them all my personal details with proof like my passport, driving license or national id. I don't have that much money there on bittrex nor do I withdraw so often yet I'm required to go through verification process. I don't think it's fair in a business where we are talking about less regulations and anonymity that we have to supply such exchanges with so much sensitive data of ourselves.

[Andrey123]

For some reason it seemed to me that the Bittrex was in China (
Now I must leave the altkoins there, since they have nowhere to lead (

[CryptoBry]

Bittrex is one of the top exchanges we have and it has a good reputation ever since...it would be sad if they would do something without full explanation of their moves. Customers deserve explanations at all times and they don't deserve to get shocked any time.

[mitchr4]

Hello everybody!
I just found out that the exchange has started to block accounts!
Without explaning the reason!

There is any offically explanation of Bittrex exchange? I think it's a sudden action what if the people who get blocked and still have money in their account.

[Andrey123]

And why not send a fake passport?
How can they identify a person who is far away?

[mocacinno]

i can verify that i to got a notice that i needed to enable enhanced verification before i could withdraw from bittrex.
I immediately exchanged whatever funds i still had with them to LTC and withdrew. I was lucky, cause it seems this worked for me.

I will probably not be using them anymore in the future, since i do not want to send images of myself holding my id and utility bill to a US company.

i just checked and i have the same issue! i am going to do the exact same thing too. i already have most of my funds in LTC but i have to sell some other altcoins there also.

where do you migrate to? i have my eye on cryptopia but it is sadly smaller. poloniex is the same too, they also ask for verification

I funded an address i generated with my ledger nano S. I'm not a big fan of holding any funds on exchanges or online wallets to begin with. It just happened that i exchanged some ETH i got for a job a couple weeks ago, so i still had some funds i forgot to withdraw on their exchange.

[Andrey123]

Hello everybody!
I just found out that the exchange has started to block accounts!
Without explaning the reason!

There is any offically explanation of Bittrex exchange? I think it's a sudden action what if the people who get blocked and still have money in their account.

https://twitter.com/WolfOfCryptsy/status/920137064573628416

[Lipe490]

So far no official explanation has been given by Bittrex and many people are waiting. The IRS must have knocked on their doorstep and asked for supporting documents from multiple accounts, that's the only thing I can think of, since Bittrex is US based and there is a very strict control against money laundering and illicit enrichment, at least that's what I've been reading and seen lately. It is no wonder that every exchange (which is not decentralized) is forcing users to check with identities so they do not have future problems with this kind of thing. Bittrex should at least let users withdraw their coins before locking accounts without any explanation or they will lose their good reputation as has happened with Poloniex with its poor support and daily complaints from various users having the same type of problem or even worse.

[Lucius]

I'm not surprised at all that Bittrex made this move,and it is possible that some other exchanges make the same in the near future.I think the reason for this is quite simple,they want to identify users due to possible tax collection,money laundering or some other illegal activity.It seems that the trading on exchanges will no longer be possible completely anonymous,or it will be allowed for very small amounts.