Quote from: Zalaster on March 18, 2019, 12:05:21 PM

This case looks really shitty, I have not used them and never will. I hope you lost a little bit because you will not return your funds. They will find any reasons to keep your funds until you get bored with the battle with them. I recommend that you start using exchanges without registration that do not store funds.

Yes unless you want to trust a scam exchange with your passport and KYC documents they will just steal your funds.

They most likely knew what accounts signed up with an alias or variation of their name and email and locked all those accounts so you have no way to get your money out. Even if you give KYC, they will say names don't match exactly.

best response "in order to prevent fraud and scams". Actually it is in order for them to scam and as they see it "legally" defraud accounts there since there new updated terms and conditions say they can do anything....and they are not regulated.

I hope these threads keep as many noobs or crypto enthusiasts away from Tradesatoshi. DO NOT USE IT.

Sender: MODChris Created:

Hi XXXXX,
We apply the KYC procedure when we detect suspicious transactions on a client's account to make sure the funds are safe and that it's not being used for fraudulent activity. It's a common practice for the financial institution.
We may ask for KYC in some cases. For example, if suspicious activity is detected by our risk scoring system, especially after hacks on trading platforms. These measures are taken in order to prevent fraud and scams. Yet we warn our customers in advance about upcoming KYC checks.
We may ask for KYC in some cases to fight financial crime, money laundering and terrorist financing
KYC established because we want to ensure customers verification processes and to mitigate fraud, money laundering, scams and financing of terrorism.
KYC rules are designed to prevent the laundering of money and the financing of terrorism.
KYC compliant processes eliminates the concerns of money laundering and terrorism financing
Kind regards,
Mod Chris

Standard Trade Satoshi response to all users (say KYC more in that message Roll Eyes

)

All reasons above are BS. I guess the recently unregulated and once legal but now dissolved UK based business tradesatoshi is now really worried about saving the world.

I suspect users they targeted were holding BTCP (another scam riddled coin but that is another post all together) and they either don't have them or want to steal them...it's easier. Plus they can steal the rest of your coins using KYC as a reason.

(Don't believe me, they locked accounts then delisted BTCP- I see complaints that withdraws on working accounts were 1 BTCP, a day or two later, all of a sudden it costs 50 BTCP to withdraw funds.. that is if they did not lock your account).

STAY AWAY from TRADESATOSHI