BREAKING: BTC Markets locking accounts after POLi payments reversed to customers who already bought and transferred BTC. Transfer everything out ASAP. May well be a fatal issue. Bitcoin is up % in the last 24 hours. The current CoinMarketCap ranking is #1, with a market cap of $,,, USD. It has a circulating supply of 18,, BTC coins and a max. supply of 21,, BTC coins. The top exchanges for trading in Bitcoin are currently Binance, Huobi Global, HBTC, Dsdaq, and Hydax Exchange. Australia's premier secure cryptocurrency & Bitcoin exchange. Buy, sell and trade Bitcoin (BTC), Ethereum (ETH), XRP and more with AUD today.
Btc markets poli paymentsBTC Markets Cryptocurrency Exchange Review - Crypto Head
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Welcome to Reddit, the front page of the internet. Become a Redditor and join one of thousands of communities. Want to add to the discussion? Post a comment! Create an account. Not cool at all. Good riddance. Or service similar to cryptonize. Giving up your bank login info sounds like an insane risk for no good reason I think there are prepaid cards.. The miners got what they wanted, all the layer 2 people got what they wanted, move the fuck on and make your coin the best it can be instead of being petty.
Yeah, I know them both all too well. Everyone should know this. Any place someone involved or wants to get involved in Bitcoin, should know the origins of Bitcoin, its intention, the scaling history We need to put a stop to that About two exchanges changed it to Bcash, then one of them, I think Bitfinex, changed it back after a week or two.
And what exactly do "bcash fanboys" deserve? Are you seriously 12? This whole bashing of BCH is so fucking petty and ridiculous. Bitstamp, bitfinex and all major exchanges call it Bitcoin Cash and not bcash. You are not only wrong but very demonstrably wrong. Says the guy stuck in the Blockstream bubble. Maybe if you step outside it, you could see that if Bitcoin was released today, it would be laughed out of the room. I seriously hope btc crashes due to what those assholes at core have done.
Dumbass, you are fucked over in your head, I don't go into the porn subs,, my head is not fucked over like yours. Keep the teenage name drama out of this sub please. You've already drawn one person in to start trolling you and fallen for it. What teenage name drama? I am not the one using derogative propaganda labels. And if you are referring to me calling them bastards, well they are not in literal meaning, but you know this already. My account was locked from this, has anyone successfully unlocked their account following the BPay steps provided by BTCMarkets?
Was your account reinstated in the same state it was in before or did the BPay payment reappear as AUD? I just had mine unlocked, I think they are overwhelmed. It has taken overnight, a few emails and a few twitter back and forths before I asked them to DM me and was immediately unlocked. Just keep asking them I suppose - good luck hope it works out for all. Thanks for the info. I spoke with a friend earlier who made the max POLi transfer and bought BTC, transferring to another exchange right away.
His POLi transaction was then reversed. So he basically got free BTC. BTC Markets has since emailed and asked him to pay them back. Apparently, this is not an isolated issue and there are many customers with the same problem as you can see on the link.
While I don't use BTC Markets, I would transfer and crypto on there and withdraw any cash immediately just to be safe. You don't want to be the last guy off the ship. They have already begun locking people's accounts. His account has been locked out, so he can't even get on to check his account history or anything apparently. I've advised him it would be a pretty good idea to pay the money back to them once BTC markets explains the situation properly.
They have his ID and info afterall, a debt collector is probably what BTC markets will use to recover funds not paid back immediately. I highly doubt it. The guy will pay them anyway. Just wants a proper and clear explanation of what happened from BTC markets. They don't get to re-request payment without being damn well clear about what happened. They don't get to play little games like that.
What problem exactly? I'm not advising anyone of anything other than to avoid an exchange that is facing possible issues. You don't want to have any assets on an exchange that goes down. I'm just letting people know that BTC Markets might be facing an issue that could lead to locked accounts at best or insolvency at the worst.
If they lose a significant chunk of money, I find it unlikely they will wear the cost themselves. Of course they locked accounts that have had payments reversed. First basic step to limit the damage spread. They would be stupid not to. Clearly something went wrong with Poli Payments. But calling for an exchange wide abandonment is an over reaction. No wonder crypto is so volatile.
First basic step would have been to freeze withdrawals and transfers when this happened, not lock people out of their account completely. Clearly we disagree. Full account lock should be the immediate first step until they determine the full extent of the issue. This system helps to spread its stored assets between several secured areas. The platform also uses advanced cybersecurity methods which help to ensure that your funds are protected against hackers.
To protect your assets, BTC Markets holds a complete reserve of holdings which matches what customers currently hold on the platform. Hourly audit reconciliations are performed on the site, as well as twice-daily cryptocurrency bank account and cold wallet match confirmations. It is also highly suggested that account holders move large quantities of digital currencies into an offline storage wallet. Funds in an online wallet are susceptible to attacks, no matter how secure the platform is.
The GreenID section will request that you provide at least one form of government identification. BTC Markets will accept tenant agreements, bank statements, utility bills, vehicle registration, and other government-issued documentation as proof of residency.
If the platform does need more information, you will receive a separate email outlining what is required to verify your information.
Respond with the requested information to receive confirmation that your account is approved. Trading can be done via smartphone using the BTC Markets website, but doing so is challenging. This is a disappointing aspect of BTC Markets, given the popularity of mobile browsing and app integration. Currently, BTC Markets is intended for use by those who reside in Australia and are interested in buying, selling, and trading cryptocurrencies.
BTC Markets does not provide a cryptocurrency wallet and recommends that users choose a third-party wallet to withdraw and manage their funds after trading on the exchange. They specifically call out Electrum for Litecoin or Blockchain Wallet for Bitcoin, but there are many choices.
Do some research on wallets and get educated on how to manage your wallets. Though relatively new to the market and only available in Australia, BTC Markets is a powerful platform with good desktop usability and security. Independent Reserve Review. Best Crypto Exchanges for Australia. James is the main editor.
With a passion for finance and anything blockchain, cryptocurrency is right up his alley. He's responsible for most of the content on the site, trying his best to keep everything up to date and as informative as possible. Disclaimer: Digital currencies and cryptocurrencies are volatile and can involve a lot of risk.
Their prices and performance is very unpredictable and past performance is no guarantee of future performance.