Do/Did you have an unverified "Legacy" Bittrex account?
Q. Do/Did you have an unverified "Legacy" Bittrex account?
I DID.. not anymore..
My old unverified legacy account which had a daily withdrawal limit of 1337 BTC has just been reclassified to a 'NEW' account which reduces my old withdrawal limit down to 0.025 BTC Per Day.. That is quite a large decrease in my ability to move funds.
It also seems like i cannot trade any digital currencies either (based of the check boxes that show which activities I am authorised to preform). I cannot test this as i withdrew all my digital currencies a few weeks back when Bittrex started redirecting me to the verification page on every login; i considered this redirection the death of the canary.
Was it not for the redirection mentioned above it would have been a very sad day today. As an example if i have 1 BTC on Bittrex at the moment it would take me 40 days to withdraw that single Bitcoin and over that 40 days i would have incurred 0.04 BTC (~$288 USD) worth of network fees, not to mentioned all the unspent UTXO that would have been generated and eventually formed into and outgoing transaction which would increases the fees payable due to the size of the transaction.
Just for fun i used estimatefee.com to calculate the fee charged for a 40 input, 2 output transaction. Today's rate for such a transaction for confirmation in under 6 block is estimated at $88.12
If you still have an unverified 'LEGACY' account with Bittrex and you are not keen on jumping through hoops to verify your identity i highly recommend that you consider withdrawing your fund immediately!.
This is not FUD; do what you want with this information but i would be interested in hearing from others who have had similar situation occur in the comments.
This is also not supposed to be a promotional piece either but if you have not noticed before i am a huge fan of the Bitshares network which is built on the same tech as Steem (so it is lightning fast, cheap, flexible and well decentralized).
Bitshares main purpose is to serve as a decentralized exchange which runs completely on the blockchain. If you are not familiar with the project i recommend you learn more about it HERE or on bitshares.org
Decentralized Exchange - No KYC - Smartcoins - Gold/Silver/BTC/USD/CNY and more
If you want to hold your crypto in your own wallets (recommended) but still want the flexibility to exchange them to other currencies from time to time you should check out instant exchanges like Blocktrades.us which allow you to seamlessly exchange from one currency to another without an account or any KYC requirements and all done with minimum counter party risk
Can you trade bitshares by coinigy?
I use Bittrex and i like the mass of coins available.
AFAIK coingy does not interface with the Bitshares API; so you cannot use Coinigy to trade assets that are listed on the Bitshares DEX.
You could however trade the Bitshares token (BTS) although this would be on centralized exchanges such as Bittrex and PoloniEX ect..
Thank you for the info and vote. I will look into it.
Thanks @steempower! So far I have clicked that Bittrex message away :)
I quite like Bittrex and don't really feel like getting used to another exchange... but bitshares would be my preferred one, too, since it's decentralised. It just doesn't look as easy at first glance as Bittrex does and I guess there's a lot less volume. Looks like I'm gonna have to watch a couple of tutorials... :) Thanks for your warning in any case!
You'll quickly begin to appreciate BitShares as you use it a little bit. There ARE additional functions and you'll find you can easily ignore them until you need them. :)
Seems like the days of clicking away from that message are limited. Hopefully your account has not already been downgraded.
Good to hear you are checking out the tutorials; Cronos Crypto on youtube did some really good videos that are well worth a watch if you want to know more about Bitshares.
Thank you, I'll check those out!
Hello @steempower!
I do apologize for my question as is a little bit out of the topic but i notice your logos with BitShares and i need to ask you a question as i am a bit desperate...
Is there any way i can recover my password from my BitShares wallet as i forget it and now i can not log in anymore... and i do have around 1000 coins as well there.
Thanks a lot!
Sorry to hear this and to be the barer of bad news but unless you can jog your memory and remember the password or crack the password (which is EXTREMELY difficult and would most likely take many years - This of course depends on the strength of the password you used) there is no way to recover/reset your password.
There are downsides to this as well but you might want to consider using a password manager in the future; just make sure remember the master password to unlock it and ensure you have backups stored in at least 2 locations.
Best of luck
Thanks a lot for the replay @steempower!
Honest to be i was hoping for a solution but looks like what i have to do now is just try to remember what password i add that time. No chance in my case to crack the password so i will take one of this days when i have some free time and try different passwords and maybe i will be lucky!
For sure i will backup from now and store in at least 2 location as i learn my lesson with this situation...
Thank a lot for talking your time and replay to me!
Have a great day!
Just knowing about Estimatefee.com today.
Thanks for sharing this ... I'll go check out how I can utilize this tool
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@sarahs (51) This comment is for your benefit so you don't find others downvoting or flagging you.
I have noticed that you have made a number of very short comments on other blogs, which are similar in style to the one above. They don’t really add anything to the discussion of the topic.
Please help keep Steemit free of spam posts.
If you like a post, it is generally sufficient to upvote it unless you want to join in the debate.
Why didn’t you upvote this post?
You seem to be repeating the same kind of comment on many blogs, without any mention of the subject matter.
This kind of behavour looks like spam and you risk others interpreting it that way and flagging you.
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Don’t worry, I haven’t flagged or downvoted you. I’ll give you the benefit of the doubt that you were genuinely trying to encourage the poster. An upvote would have been sufficient.
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If it weren't for all the government regulation, there wouldn't be the problem of having to identify yourself. They say it's to stop "terrorists." HA! What a joke. It's really just a backdoor way to tax us all to death.
Its a lie, I'm a musician and they disabled my account. Bittrex sucks!
Oh no, they're out to get the musicians!
I've been promoting bitshares network for a month now. The bitshares wallet is a beautiful piece of art that includes almost everything. But one thing that I don't like, sometimes when trying to trade my order booking gets cancelled. If not for that, I would score Bitshares wallet 10/10.
I think bittrex is best because it great for trading .