Re: Bittrex Unverified User - Be Careful ! 0.025 BTC Withdrawal Limit without Warnin
Hey guys im thinking about creating a bittrex account. So if i do not have a verified account, how many bitcoin or altcoins can i send to my account to switch for bitcoin or another altcoin like ETH? I assume back then you could do up to 3btc in trades per day whether btc to ETH or vice versa? But now its max 0.025 btc? Can someone confirm this is what is meant by it?
Maybe the minimum amount to deposit won't matter on that since I try to create new and deposit a lot of alts there and they receive my deposits and the only problem I face is when I try to withdraw my BTC and it limit me for 0.02+ a day since my account is not been verified. But when I do little verification on it my limit has been increase and people should do some verification on bittrex to rise their withdrawal limit a day.
That scenario sounds odd. They will take all the money you can send them (deposits), but will not allow you to take it back (withdraw) unless you do in ,025 BTC fractions?
Something smells fishy. Hope they didnt get hacked and are buying time. Thats the behavior banks do before customers want out of the collapsing bank in 3rd world countries
It is fishy. Especially as their withdrawal fees are so high. So instead being able to withdraw 1btc with one withdrawal fee of 0.001 btc ($5.85 at a bitcoin price of $5850), you need 40 transactions of 0.025, and the fees add up to 0.04btc which is $234
I suppose you could convert to something like doge to avoid the high fees. But it's not ideal.
I'd advise legacy unverified accounts to withdraw their coins before they get limited.