Post
Topic
Board Beginners & Help
Re: Exchange won't release bitcoins unless I verify identity. Advice appreciated.
by
Bttzed03
on 20/07/2021, 06:52:20 UTC
Anyway, I deposited about $1000 worth of bitcoins on Paxful when ID verification wasn't required, but now Paxful won't let me withdraw unless I go through ID verification. Because I don't want to hand over my ID, my bitcoins are stuck.
Pretty much the same situation with exchanges like Bittrex when they first implemented forced KYC to all their users.

@Upgrade00's suggestion of bugging them on social media could work just like what happened to this user

Paxful banned my account over a year ago for accidentally marking a $30 payment complete. Even though I canceled the trade after I realized my mistake a moderator still perm banned me an hour after I canceled the trade and they have been refusing to let me withdraw my balance for the last year now. Below is a reddit post I made about this showing multiple other people who also had Paxful admins steal their bitcoin

https://www.reddit.com/r/Bitcoin/comments/f35kc0/bitcoin_exchange_paxful_stealing_peoples_bitcoin/

Edit: After over a year and blasting them on social media they finally let me withdraw my bitcoins. Case closed.

It's not the same but as the case above tells you, they could also give in to the pressure. It will most likely take a long time too.