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Author Topic: KYC with Bitstamp!  (Read 3588 times)
RiceXD
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May 13, 2014, 07:50:42 AM
 #21

I have deposited a fairly large sum on bitstamp on 09 MAY but until now it is still not being credited yet, and it is extremely frustrating. They have also send me the same KYC questionaire and I do also think this goes too far. Undecided
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Once a transaction has 6 confirmations, it is extremely unlikely that an attacker without at least 50% of the network's computation power would be able to reverse it.
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May 13, 2014, 04:43:30 PM
 #22

I suggest to anyone from Bitstamp on this forum to put out a statement explaining why they are asking all these questions suddenly. It will seriously deter new customers I am sure. Does anyone know a Bitstamp member on this forum? Or any other way to contact them besides their support mail?

On the other hand, it's a great chance for other new exchanges to get a larger market share thanks to Bitstamp!  Wink
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May 13, 2014, 04:55:58 PM
 #23

WTF is this!?

Cheeky fucking bastards, seriously, this has just put me right off that fkn place.

"Dear Matthew,

We received your withdrawal request. As it met some of our volume and frequency thresholds we require that an additional KYC (know your customer) procedure is completed before we can proceed with the processing of your transfer.

We kindly ask you to answer the following KYC questionnaire:
1. How did you learn about Bitcoin?
2. The purpose of trading on Bitstamp? Please describe in as much detail as possible how you intend to use your trading account.
3. What is the origin of the so far deposited Bitcoins? If mining, please specify your hardware specifications and submit a receipt or an invoice for your mining equipment.
4. What are your future plans and activities planned on our exchange?
5. Do you plan more withdrawals in the future?
6. Which bank are you using? Please provide the complete address and SWIFT code.
7. Estimated amount that you would be depositing/withdrawing to/from your Bitstamp account per month (in USD and BTC)?
8. What is the source of the funds which you have so far deposited to your Bitstamp account? Please provide any financial documentation which can confirm how the funds sent to your Bitstamp account were acquired.

We kindly ask you to submit your answers and documents in a reply to this ticket.
"

Best regards,
Blaž Šteblaj

They are fucking up their own business this way. As of yet there are not many good competitors. But by the end of 2015 we'll get a lot of good ones and then all this fucktards be thrown at dustbin... similar to Mt. Gox.

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May 14, 2014, 03:01:36 PM
 #24

They did this to me and it took 6 months to get my funds out


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Pushtheghost
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May 22, 2014, 06:48:32 AM
 #25

As a new player in this field I am troubled by the information needed to deal with a exchange and the fees that are associated with it.
The problem is the greed of the exchanges,its the only reason this is being passed on by all of them. If they said no dice and new exchanges kept popping up people
would get it. It would hurt short term but eventually it would win.

Reason I was interested in Bitcoin is it was going to screw the banks and their ever more tightening grip on our finances. What the hell do we have if this kind of B.S is allowed?

JMO
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