Why dont you upload your ID, have your account verified, withdraw your coins and never come back? I think some people dont have the proper IDs to have them verified. There are some people who have multi-accounts on the site which they dont want to be caught red handed wash trading low volume coins.
I am pretty sure that's what a lot of people are doing, otherwise how to you explain the sudden drop in Bittrex market share since they started this verification scam. Remember the old adage, "only 4% of customers complain, 96% will simply go elsewhere"
I see it ending either with the Bittrex shareholders screaming blue murder, and forcing management to do the right thing by the clients to stop the exodus, or Bittrex quietly fades away as more honorable exchanges take over Bittrex clients. Remember the AML, KYC cover story for suspending withdrawals on unverified accounts is bogus on two fronts. Firstly, Bittrex don't do fiat. Secondly they could move their headquarters offshore if they wanted to do fiat and skip all the nonsense. Either way, the don't have a feasible excuse for suddenly seizing their customers funds and holding them ransom until they get private information (which has value) from them.
Good points, there is no justification for what bittrex have done, I refuse to hand over my personal details to people who act dishonestly , like changing terms and freezing accounts without a grace period. People who do this would also be likely to sell the user data for profit, and maybe you end up like that guy in England with 4 balaclava clad gangsters paying you and your family a visit one morning in a crypto home invasion.
It is actually a legal requirement from the US Government. Bittrex don't have a choice in it. It has to do with AML laws and trading with embargoed countries.
I don't live in an embargoed country, my account was frozen without any notice or grace period to withdraw my funds because bittrex changed their terms of service overnight and required all accounts to become verified, when for the previous 2 years this was not the case. That amounts to theft, worse than bank bail-ins that happened in Cyprus, at least those people get some bank shares, my funds have been stolen by bittrex, I can only get them back if I send them my personal details which are very likely to be leaked to other parties, like crypto gangsters who will increasingly target known crypto holders for home invasions and robbery.
Never give your personal details to known dishonest people, or incompetent people.
Changing the terms without any warning effected people from all countries, not just embargoed ones. All bittrex had to do was the same as poloniex, give people advanced notice of the change in the terms of service, I think poloniex did not breach any US government laws by allowing a grace period for unverified accounts to withdraw, this isn't about government regulation, it's about theft.
bittrex doxxing is long overdue :\ i'm in the same boat they stole my coins and then said they were hacked by russians...>> real talk wtf!!!