Bittrex locked me out

[palle11]

I have had  the legacy account for years.

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.

[1715669850]

1715669850

[Viscore]

I have had  the legacy account for years.

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.

[BitHodler]

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....

[CryptoReggae]

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.

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

[prtty2gal2]

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 .

[Ucy]

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.

[tomahawk9]

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.

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.
 

I don't understand how they can rob people in this way.

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.

[Bitum]

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

[magneto]

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

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.

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.

[rodel caling]

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.

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.

[nydiacaskey01]

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.

[justspare]

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.

[jox]

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.

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.
 

I don't understand how they can rob people in this way.

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.

They do not comply with any EU GDPR regulations.
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.

~snip
I don't understand how they can rob people in this way.

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!

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.

[erikalui]

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.

[rapsa2018]

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.

[cryptothreads]

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.

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

[joshy23]

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.

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.

[erikalui]

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

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.

[Xenrise]

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.

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.

[eagle10]

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

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.

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.