Post
Topic
Board Bitcoin Discussion
Re: Poloniex changing their ToS -- Needs verification for withdrawals next week.
by
spud21
on 19/05/2015, 17:38:59 UTC
I have already withdrawn all my coins in my poloniex, I really liked them, but I don't want nobody to force me to give them my data unless is necessary, and I want it. They will lose many clients
bad move by poloniex.. indeed they will lose a lot of customers, well time to move to other exchange website then.(bittrex is good)

I think Bittrex is US based and I suspect the real reason for Poloniex's actions is the fact it is US based and worried about trouble from the government. Bittrex might eventually get worried enough to go down the same route, or be forced to.

My thoughts on Poloniex's move is that they were forced to. I can't see any good reason for them to decide to do this on their own, and implement in 48 hours at that. If it was their decision, I would think they would give a bit more notice that that.

Agreed, I was shocked by how little notice we were given. Any US based exchange might be forced to do the same. If you give a fake name they might suddenly be forced to demand ID documents to withdraw your coins.

I remember a few people here who were caught in that trap when Bitstamp started demanding ID proof.