[ANN] Bittrex - Next generation exchange (btc/ltc/eac/ppc/rdd/ftc/and more)

[BayAreaCoins]

It is good that you use a wide variety of exchanges because if one lets you down you have a selection to choose from to keep your trades going. Binance is the one exchange that hardly has any bad reports against it.

How often do you use Bittrex? Is it still your go-to exchange and most frequently used one?

Not anymore. It's probably my second-most frequently used exchange; the first one is Binance. I think I can divide my trading activity by the following percentages:

50% Binance
25% Bittrex
12% Coinbene
12% Kucoin
1% Graviex

TBH, in recent times, I've remained satisfied by all of these exchanges.

Have you seen the latest Steemit drama?

https://twitter.com/VitalikButerin/status/1234522463129800709

Details:  https://steempeak.com/news/@klye/a-case-against-poloniex-com-and-justin-sun

[cryptocurrency2020]

Not happy with Bittrex at the moment. I deposit 0.2 BTC before KYC was required.

Changed terms, disabled my account and withdrawals.

Want them to close my account and refund me my btc. They refuse.

Will only reactivate if i send them proof of identity.

Did this and now they want me to send them 2 different proofs of identity because 1 isn't enough anymore they claim.

They don't even explain why they need such extreme verification procedures that make little sense.

It's just 0.2 BTC. How could that ever be money laundering or terrorism financing?

full story here:

https://bitcointalk.org/index.php?topic=5231227.msg53986278#msg53986278

Anyone had a similar experience? What did you do to get your money back?

[OmegaStarScream]

I had a similar experience with a smaller amount (0.012 BTC), they refused to let me withdraw that unless I provided the necessary documents. I ended up giving up on the account and switching to Kucoin/Binance.

If they requested a second identification document, try to provide it. Don't you have IDs in your country? Try to make one and send it to them. If you fail to provide what they're requesting, your account will remain locked.

[Raja_MBZ]

[CinErik]

Hi;

How nice it is to see that we are back in the good old days... "Announcement for announcement"

Kind regards

[JollyGood]

That has got to be their way of "dhunn dhunn dhuuuuuuun" trying create some suspense just to attract attention towards themselves. Still, not a bad ploy 

[logfiles]

<...>
full story here:

https://bitcointalk.org/index.php?topic=5231227.msg53986278#msg53986278

Anyone had a similar experience? What did you do to get your money back?

Your experience of verification is almost similar to mine except that i was lucky i hadn't deposited any amount yet. I sent the required documents and they were rejected for reasons unknown.

I tried getting in touch with support that would eventually reply me after a week. By the time they replied me, i had already moved on... that was in 2017, To this date i have never used their exchange.

[thoth-Atlantian]

After 3 years they fucked me on KYC, still dead to me 2 later

[Raja_MBZ]

New Listing Update: The Algorand (ALGO) wallet is open and trading has begun on http://bittrex.com.

Markets: BTC-ALGO, USDT-ALGO, USD-ALGO.

https://twitter.com/BittrexExchange/status/1262808525446807552

[Raja_MBZ]

Yipee! Richie!

Bittrex’s co-founder Richie Lai on 24 million seized STEEM tokens on their account: “We must live by the rules of the blockchain”

https://cointelegraph.com/news/bittrex-is-puzzled-over-24m-stolen-steem-tokens-on-its-holding-account

[logfiles]

Any update about Mercury(MER) swapping to Jupiter(JUP)? I would like to put little bit of my bag there.

Keep your eyes peeled on the project's telegram group for an update from admin: https://t.me/jupiterproject

This was the last communication from admin regarding the swap this past Friday

[JollyGood]

To be fair there have been serious allegations against Bittrex but there also have been some highly positive reviews and excellent feedback from senior and trustworthy members of this forum.

It is hard to work out whether Bittrex can be 100% trusted but can any exchange be 100% trusted? It seems they had issues years ago but sorted themselves out and have been going fairly well the past year or so.

After 3 years they fucked me on KYC, still dead to me 2 later

[rexxarofmoknathal]

Any reason why your deposits take literally 10x longer than any other exchange I've used, even for small amounts?

Seems to take around an hour for you to process withdrawals, whereas Binance, Kraken, PrimeXBT etc all process them within minutes....

Anything I can do on my end to speed this up?

[JeromeTash]

Any reason why your deposits take literally 10x longer than any other exchange I've used, even for small amounts?

Seems to take around an hour for you to process withdrawals, whereas Binance, Kraken, PrimeXBT etc all process them within minutes....

Anything I can do on my end to speed this up?

It depends on how many confirmations they have to wait before they credit your account. Some exchanges just require one confirmation while other need up to 6 confirmation.

Have you checked your TX ID? How many confirmations does it have so far?
This could be helpful: https://bittrexglobal.zendesk.com/hc/en-us/articles/360009624840-Questions-about-Crypto-Deposits-Withdrawals-on-Bittrex-Global

As for withdrawals, different exchanges have different mechanisms of verifying and processing withdraws. It all depends on how quick the team is.

[moonstruck]

I received following mail from Bittrex:

Thank you for being a valued customer of the Bittrex Global platform.

Per our protocols, we are required to obtain source of funds information from select users. Please fill out the form which you will find at --personalised link was here-- and submit it along with the respective supporting documents within 7 days in order to continue utilizing your Bittrex Global account. This is similar to what other cryptocurrency exchanges in regulated jurisdictions require.

Our privacy policies are available here: ---personalised link to their privacy policy--- which are part of our Terms of Service. Additionally, all of your personal information is kept on an encrypted server.

The link was to this pdf: (image taken from a post from another user on Reddit who received the same)
https://imgur.com/a/c86smPQ

I've barely used the account the past year, I think they try to disable inactive accounts to seize the assets.
The account was used more intensively before that and has been properly verified for at least 2 years.

The fact that they use personalised links is quite disturbing, I definitely won't be using Bittrex any longer.

[JeromeTash]

I've barely used the account the past year, I think they try to disable inactive accounts to seize the assets.
The account was used more intensively before that and has been properly verified for at least 2 years.

The fact that they use personalised links is quite disturbing, I definitely won't be using Bittrex any longer.

I hope your funds weren't in there (in fact never ever leave your valuable assets in any exchange in case you are going to be off trading for a long time)
These crypto exchanges are like unstable weather, you never know what kind of requirements or regulations they can come up with tomorrow.

The personalised links could have been tailored for the territory you come from since different territories have slightly different regulations.

[enhu]

I don't see many users getting the emails asking for the source of funds though so I guess my account is fine. I don't see any reason to panic if they ask for the source but I'd like to know if a lot of us received the email and goes on without worries after submitting documents. I checked my email which I find nothing is sent to me about it.

I have not logged to my account for a year but I have few tokens I kept like ADA but nothing much.

[moonstruck]

I hope your funds weren't in there (in fact never ever leave your valuable assets in any exchange in case you are going to be off trading for a long time)
These crypto exchanges are like unstable weather, you never know what kind of requirements or regulations they can come up with tomorrow.

The personalised links could have been tailored for the territory you come from since different territories have slightly different regulations.

A few months ago I removed most of my funds which might have triggered something. I have been a verified user for several years though.

I don't see many users getting the emails asking for the source of funds though so I guess my account is fine. I don't see any reason to panic if they ask for the source but I'd like to know if a lot of us received the email and goes on without worries after submitting documents. I checked my email which I find nothing is sent to me about it.

I have not logged to my account for a year but I have few tokens I kept like ADA but nothing much.

Check the document for the source of funds, it'd be impossible for me to even provide the documentation asked as some of the platforms I've traded on don't exist any longer.
Do you think it's normal one would need to provide bank statements showing employment income on demand of an exchange? Or retirement income receipts?
Luckily I caught it in time to remove my remaining assets.

[64dimensions]

I also have been getting email questions that fall into the "source of funds" area from Bittrex. I have been with Bittrex since forever.

I have seen big banks drop small businesses with the explanation that compliance costs are larger then any revenue the account generates.

I suspect that Bittrex is doing the same thing at the crypto level. They are weeding out the accounts that don't make money.

[JollyGood]

You definitely were fortunate to get you funds out long before they sent their email but if you had not would they simply have confiscated your funds? Is that even allowed?

Their document asking for status information is very over the top and seems unnecessary too.

~snip~
Luckily I caught it in time to remove my remaining assets.