I deposited 1.00 btc there about a year ago just to try it out out of curiosity. Since the coin price has went up I decided to go retrieve my btc from there. When trying to withdraw I got some bull shit withdraw error. So I shot them an e-mail just to get this reply back
Hello XXXX,
Thanks for your email. Please verify yourself as an investor, all you have to do is to send in a photo of your id and write in your current address, the system shall verify it within the same day. Also, please confirm with me your latest withdraw address change request. Thanks for reaching out!
Best,
BTCjam Support Team
I never agreed to this intrusion. My guess is they know most users are not willing to send in a photo of their identification. So now they get to keep those users coins. I dont even understand how sending in an id even verifies anything. They are crooks and probably got hacked and lost all the coins they have on deposit. I feel bad for people who have larger amounts on deposit there. This is another gox for sure.
STAY AWAY FROM THIS SHADY COMPANY!!!
Remember the little checkbox when you signed up? READ. IT. Its what you agreed to, whether you actually read it or not.
15. Verification Procedures
The Company uses procedures to collect and verify information about in order to protect the Company and the community from fraudulent users and to keep appropriate records of the Companys users.
All Users of the Site, at minimum, must provide identity verification requested by the Company.