Three weeks ago I wrote to you about my Bittrex hostage situation.
It seems my account records didn’t match public records and I had to upgrade to an enhanced account. Despite complying, my account was frozen. It felt like my funds were being held hostage.
The article garnered quite a response with over 100 replies. Many of you were in the same situation. Today I have an update.
Thankfully it’s a good one.
After 6 weeks without being able to move my funds I finally got an email from Bittrex. See the picture below.
Yea! My account was approved.
I guess eventually some things go right.
The lesson here is to be wary of how much crypto you hold on centralized exchanges. You can never tell when your account might be “frozen.”
We may see the same thing with Poloniex. They recently announced legacy users would now have to verify their identity.
I don’t know about mine yet, haven’t checked the account. But I’m not worried as I learned my lesson with Bittrex and hold very little crypto there.
What about you, any problem with the exchanges?
Now I trade on Binance, that's my referral link.