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Bittrex Enhanced Account Verification Tutorial!

in tutorial •  last year

Would you like to learn how to get a Bittrex Enhanced Account verified and finished within just an hour?  I'll share with you exactly how to do that, based on my experience getting my own Bittrex account enhanced and verified in just an hour on the day I signed up.

If you haven't used Bittrex before, but you've used other exchanges, I've found that the verification process, the withdrawals and the deposits are very fast here, which is why I use it.  For changing Steem to Bitcoin, Litecoin, or Ethereum, Bittrex is my favorite option to get the very lowest fees especially on orders of $1,000+.

Finish Bittrex Enhanced Account Verification in 1 Hour!


Why bother taking the time to verify an enhanced account?

You might think that the default three Bitcoin withdrawal limit per day with two-factor authentication enabled is fine. However, what happens when you find a rare opportunity and you need to make a lot more transactions?

For example, one day I found a little exploit, where one exchange website was using the Poloniex exchange rate, which happened to be way higher than Bittrex, where I then went through in just a little while and went through several Bitcoin and might have been five or ten Bitcoin at the time, where I instantly bought on Bittrex, I then went through that exchange at a higher rate, put it back on Bittrex, sold/bought more, and then repeated that process a bunch of times.

Now, you might not think you need a higher withdrawal limit, but any day you might find a rare opportunity and if you don't have enhanced account verification complete, then you're stuck with the three Bitcoin withdrawal. Also you might not think three Bitcoin is something you'd ever reach, but as you continue to work your portfolio up, you may run into this all at once. It's much easier to just make sure you can get the enhanced verification immediately. I'll show you more here about Bittrex security in this tutorial as well.

Here is my account. I would imagine you want me to show that I definitely actually have my own verified account. This is what it looks like when your application gets approved.

I can withdraw a hundred Bitcoin or more every day, which means that I pretty much have unlimited ability to transact in and out of my Bittrex account, which is outstanding. If some amazing opportunity comes along, I'm ready.

With enhanced verification I also have two-factor authentication set up, which I think is critical for the security of your account. You can only withdraw three Bitcoin a day if you don't have two-factor authentication set up and you need two-factor authentication set up for enhanced verification as well.

Bittrex uses Google Authenticator, which means that I get a code on my iPhone. In order to sign into my Bittrex account, I have to be able to also have the Google Authenticator code that matches my phone.

That gives me a much better security because you can't just steal my password and my account address and sign into my Bittrex account. You also have to have hacked my phone and be into the Google Authenticator for it.

That provides much greater security, especially if you just step out for a minute and you have a roommate, who then decides to withdraw all your Bitcoin, they have to also put in your Google Authenticator code. Make sure, if you want them to be able to steal your Bitcoin, to also leave your phone there, so they can go through two-factor authentication as well.

How do you get two-factor authentication and why do I love Bittrex?

I've had an application on Poloniex, applying for three or four months, that hasn't been responded. The nice thing is that Bittrex has a partner that helps with the verification, it is named Jumio, and they process the verification application almost immediately.

I signed up at four or five in the morning in the USA and the enhanced verification went through in about an hour. This is the specific help article on Bittrex.com, which explains the verification process and the list of verified and supported countries.

If you're in the USA, you will need a passport that makes this really easy, but you can also use other IDs, like a Driver's License. You may also need a local utility bill. I believe I needed a power bill or a phone bill to prove that I actually lived where I said I lived.

I also had to take a selfie with my passport. I had to use my iPhone and take a selfie holding my passport to show that I, in fact, was in possession of my own passport. They also asked to put the exact date on it. That way, I was in possession of my passport, on the exact day that I submitted for verification.

This way, someone can't just steal my passport, and then go try to get verified. The purpose for all of this verification is to comply in the US and other countries participating with the Anti-Money Laundering and Know Your Customer program.

It's mandated by the US government and many other regulatory bodies I would imagine have similar rules, where you'd want to make sure you know who is bringing this money in and taking it out to prevent money laundering and black market activities.

If you are accepting payments on behalf of someone else and putting them through an exchange, as far as I can tell this very much applies to you as well.

That is all you need to do the Bittrex enhanced account verification. You simply go up to "Settings" in your account. You also need your phone to do the phone verification, but if you're setting up two-factor authentication, I assume that you're using your phone with that as well.

Therefore, if you want to sit down and do this right now, the easiest way to do it is get your passport, get your phone out, take a selfie with your phone, holding your passport or other form of ID, and then be prepared to submit all of that as well.

Don't alter anything or modify it, don't you a stock or professional photo. You want to use something that just is natural in your own home or wherever you're doing this. You go to "Settings," do the Enhanced Verification, and get Google Authenticator.

One key thing to mention that I did not do the first time, and then I fortunately saw to go do this immediately, is to back up your secret key.

I read the reviews on Google Authenticator and there are a lot of people upset, because if you fool around and lose your phone with Google Authenticator on it and you fail to back up the secret key, you won't be able to log in into your account.

Google Authenticator works off of a secret key, which gives you a key that then syncs up the code as they are generated. Bittrex has the secret key, and then I have that same secret key. Bittrex can pull the same code that my phone pulls to put the secret key. The idea is then my code matches the Bittrex code.

If you lose access to your phone, but you haven't backed up your secret key, you've lost your end of the deal. It can be difficult or you may even become locked out of your Bittrex account.

As you can imagine, one of the ways people would try to break into a Bittrex account if they got your email and password, and it had two-factor authentication, they would likely say: "Oh, I lost my phone or blah-blah-blah. I don't have my secret key."

You therefore could get locked out of your account or have difficulty getting back into it, if you lose your secret key.

Use some kind of system to back up your secret key, because if you lose your phone and you have your secret key, you can then put your secret key into any new device you use and immediately pull that back up on Google Authenticator.

I hope that sharing this has been really helpful for you.

If you haven't even used Bittrex yet, or you're just starting it, or you've been using it for a while and you didn't bother to do the enhanced verification, you can also take some additional security measures.

If you want to, you can whitelist your IP.

Of course, the problem with that is if you sign in on a different device, or if your IP is dynamic for your Internet service provider, then you could have a problem with that.

You can also do a Withdrawal Whitelist, although that has some of the same problems. This is nice for Steem, because I can lock in my Steem account for example and only withdraw to my Steem account, but then I have also locked into the wallet I am using.

If I lock my Coinbase wallet in a Withdrawal Whitelist, if I lose access to my Coinbase wallet, then I now have to modify the whitelist.

It still can be nice though if you want to set your account up for greater security to keep things more intact in case of a problem. That said, if you are properly securing your account, there should be very little to worry about as far as on our end as the users, we still have to have faith in Bittrex as an exchange.

I keep the majority of my cryptocurrency off of Bittrex in my wallets, and I think that's the safest because keeping a whole bunch of money in one place on an exchange online can mean a very lucrative target for hackers to take that money, in which case, the users may or may not get it back.

Thank you for learning about the enhanced verification with me. I hope this tutorial has been helpful. I searched on YouTube before I decided to make this, I looked and I said, "Is there any tutorial on Bittrex enhanced verification?" I could not find one, therefore, I went ahead and made one.

If you'd like me to do more tutorials like this, would you please leave a like on the video or an upvote on the post, and suggest the exact topic you would like me to talk about in the comments because that will help me see what to give to you next.

If you'd like to keep watching the videos I make every day, on things I hope will be the most useful for you, would you please subscribe on YouTube or if you're watching on Facebook, like the Facebook page because that will help you see more.

Thank you. I love you.

I hope you have a wonderful day today.

Final words


Thank you very much for reading this post, which was originally filmed as the video below!

Would you join me today, by leaving a like on this video or upvote this post on Steemit?

The feedback on the video was so positive that I spent about $100 to get this post created for you here out of the video, and then edited it prior to publishing! I appreciate you being here and I hope you have a wonderful day today.

If you found this post helpful on Steemit, would you please upvote it and follow me because you will then be able to see more posts like this in your home feed?

Love,

Jerry Banfield with edits by @gmichelbkk

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thanks for Info! upvoted, resteemed & following

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@cryptononymous thank you very much for resteeming this and upvoting! I am very grateful for your support here and for your trust in setting me as your proxy at https://steemit.com/~witnesses

Hey ,
Thanks for the great content

Might try it

Exquisite Tutorial ! The screenshots should be real helpful to newbies. I watched a #tutorial of yours over on #YT.

It was useful.
And it's good to have someone to trust, regarding Bittrex.

ALso.. the BITTREX help article you provided - at the 14th paragraph in this post - was a big assist.

I personally would not use Poloniex (heard some bad things about 'em). Caution to newcomers! Bittrex, though, is another story. Like 'em better

Bittrex is an excellent option for trading @jerrybanfield, I agree with what you write, it's very interesting, thanks for sharing that information, we must support ourselves as a community, I appreciate it if you I would give me a look at my last post and give me your opinion, greetings and success in everything! 😉🔝✍️💯🔥

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Good luck in your endeavors.

We need to stick together, as u say. ☻

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thank you!

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안녕하세요. bittrex 거래소 펌핑 방입니다.
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작년에 저희 펌핑방은 각종 코인 펌핑으로 크게 신뢰를 쌓았으며,
법적문제가 현재 있지않아, 다시한번 여러분들께 역사를 다시 써나가려고합니다.
일주일에 500% ~ 1500% 수익이 불가능할 것 같나요?
저희가 보여드리겠습니다. 우리방만의 노하우와 진실을
정확한 차트 리딩과 함께 저희는 주기적으로 펌핑할 예정입니다.
현재 전세계 사람들을 모집하고있고, 회원님들 돈 강요하지 않습니다. 공짜입니다.
구경만 하셔도 좋으니 텔레그램 어플 설치하고 저희 채널에 들어와주세요 ^^

텔레그램 입장해주세요. http://telegram.me/Dvapump

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thanks for the support @dvapump

These are GREAT video tutorials and instruction you have been putting together,
THANKS from all of us looking to learn!!!

I had a bit of trouble with Bittrex to start with. The currency I wanted wasn't available on there for about 5 days, as there was apparently automated maintenance...

Hopefully, it's a bit less buggy now!!

Thanks for this post thought Jerry :)

wow, thanks for your information, that's very helpful to me

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me too !!!!!

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I ask you a question Kemal... the post was published 1 hour ago ... how can you know 2 minutes after jerry publish it is very useful information for you?...read the post ... or at least have the delicacy of taking your time to comment

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Hello Mr. @matuca

Which should be read is the essence of writing, @jerrybanfield wrote it with his personal sentence, but all of his writings I read and information about bittrex is indeed very helpful for anyone, including me. Thanks.

I'm not waiting for him to publish a content, just by chance being on my homepage

Thank you for your video Jerry very good I had a bittrex account over 3 month already and I never copy my secret key and I was thinking about that if I loose my phone what happen !!! But you make me clear everything so I deleted my current google verification and implemented again and now I write down my private key thank you so much for your education video always are very good 😊

Thanks Jerry! Great info and you explained it well.

Thanks for the tutorial Jerry, nice job...upped

It's so amazing post..you are the best...thang for share...

This really very import thing to do. I already have this setup in my account but I came here to see your tutorial. It is really very accurate. Thx and have a great day!

Wow.. nice tutorial @jerrybanfield..
Great effort..
Upvoted for you..

amigo #resteemia at your service

'Finish Bittrex Enhanced Account Verification in 1 Hour' impressive work. nice sharing @jerrybanfield

ReSteemia
'UpVote ReSteem Comment'

Authenticator is certainly the best method of 2FA. Phone numbers are definitely not secure.

I haven't really thought about Bittrex before. I'm tempted to start using Gemini, though. Coinbase has underwhelmed lately.

Very interesting, i had been contemplating setting up an account... does sound fairly involved. Then the whole issue of not being confident of keeping money on Bittrex but having to keep it in separate wallets. It's all still a bit bewildering.

thanks for being such a helpful soul

Hi, all the information that you share it's amazing, so you don't have problems with Bittrex? Because I have seen here that many persons have problems with poloniex, really a lot of them, nice post.

damn, i would like to have those problems xD

By the way, Vote for you for witness

Nice tutorial. Thanks for the help.

Thank you for the information It really helped me. Thank you

Thanks for your information. You are really great !!!! I always read your full article. Every time get something new. I will try today .

I really liked Bittrex until now. Great article but I'm not going to disclose personal information to trade crypto. The government is getting on my nerves.

great thank's for your information sir am really very happy to share it with us !

Nice info !
Thank you!

You have been a great help to me in understanding my way around steemit. Im grateful boss

Great tutorial. Thanks a lot for sharing! Witness Upvoted @jerrybanfield

Hey Jerry i always enjoy your videos they are so informative.I am yet to start earning just like you guys but the magic has not started yet due to lack of funds.Keep doing what you are doing brother you will make this world a better place for everyone.God bless and keep you.

Interesting, I went through that verification a few days ago because it would only let me withdraw 0.25 BTC, not 3 BTC, maybe they changed the limit recently? Also it's worth noting that I only needed the passport photo and a separate selfie, perhaps the extra steps you describe only apply to US citizens.

It also took less than an hour, compared to two weeks with Coinbase and 5 days with Bitstamp which is pretty impressive imo.

Hey Jerry, your videos & gudance material is great. Can you please help me here? Please help me in getting followers & votes, please?

Excelente... gracias por la información..

Thanks for the great info

Good to know! @jerrybanfield

Bittrex has been having problems with people hacking accounts with over $20k in it.

Hopefully this enhanced authentication will help prevent future hacks .

I am also having NEO Coin on bittrex and today it fall upto 35%. So What can i do hold.

You are one of the best :)
wish all the best and thank you for sharing all these information

wow this is Super

Lots of help thanks for the info!

Congratulations! This post has been randomly Resteemed!

To join the ResteemSupport network and be entered into the lottery please see the following.

I like the tutorial very useful, thank you for sharing, regards

Hey !
Good post ! Tnx !
,, Help me and help you ! ,, UpVote !
Bye !✍️

excelent job .i love it

Thanks @Jerrybanfield ! Your course on StackSkills and these tutorials have been very helpful in getting up to speed on here. Got my account verified right away on Bittrex!

how r u earning so much money.. through steemit.. and I am not

Hello Jerry, I did pretty much everything you said beside the selfie taken with the passport but I scanned my passport through. Its been like 5 days since I did all this process and still waiting to get verified. How much longer you think this will take for my Bittrex to get verified with the enhanced option? Let me know cause the waiting is killing me...

I am a beginner in investing, and Bittrex has been easy to use for me and I feel like my money is safe with 2FA

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Safer yes but I still only keep what I am trading with and some small amounts of random coins that I couldn't be bothered setting up wallets for on any exchange.

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indeed. i have heard some horror stories of $100K being stolen through 2FA, so i only keep what i can afford to lose on bittrex

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That's not really a surprise, physical access to your phone is not required to circumvent 2FA, just access to the seed that is created during setup. So if your PC has some malware or some such when you setup 2FA or you store the seed somewhere accessible then all bets are off. That's just one, though probably the easiest attack vector...

I was very suprised with Bittrex actually, they let you withdraw up to 3 BTC daily with just a simple basic verification, let alone enhanced verification. Thank you for the post, upvoted :)

@jerrybanfield,
A very useful article for all crypto lovers! Personally I prefer bittrex than poloniex or any other crypto exchanges!
Thank you very much for sharing such great post with us!

Cheers~

Perhaps the creepiest thumbnail image on Steemit!

That is good content.. Thank you.. @jerrybanfield

This post has been ranked within the top 25 most undervalued posts in the second half of Sep 04. We estimate that this post is undervalued by $51.65 as compared to a scenario in which every voter had an equal say.

See the full rankings and details in The Daily Tribune: Sep 04 - Part II. You can also read about some of our methodology, data analysis and technical details in our initial post.

If you are the author and would prefer not to receive these comments, simply reply "Stop" to this comment.

Extremely helpful as always. Great post.

@jerrybanfield I believe everyone here will enjoy your post ! Upvoted.

Good stuff Jerry!

Thank you very much!

Bittrex Rocks Jerry!
Thanks for explaining it so well.
Be well...

Love your work best steem advice on the net

excellent tutorial! Thank you

I have not yet succeeded in verifying the access to Bitrex, but following such detailed instructions everything will turn out.

Authy is better Google Authenticator

Amazing post......

Congratulations @jerrybanfield!
Your post was mentioned in the hit parade in the following category:

  • Upvotes - Ranked 3 with 649 upvotes

Hi @jerrybanfield Wow this is the most amazing post i have encounter today,well detailed and informed tutorial with a video at the end of it all about Enhanced Bittrex Account where Steemians can save their Bitcoin instead of leaving it on site incase of hackers,indeed this is a great platform where by we Steemians can save Bitcoins as for me i will definitely try it out because mr Jerry as really outline how to open one and enhanced it safely,also how to actively use and managed an Enhanced Bittrex Account,lastly thank you mr Jerry once again for been such a blessing on Steemit Blockchain Network especially to people like me upvoted & resteemed.

Hey! jerry I wanted you to know that you are doing a great job providing everyone with great information thank so much @mannyfig1956

What if you lose your Iphone?

great post.....

@jerrybanfield very interesting post..nice post..Bittrex is an excellent option for trading..kindly see my post also..need your support..your upvote support will help me a lot..kindly support my post also as your big fan followers..thanks jerry..https://steemit.com/poetry/@mrblu/poem-the-power-of-deception-faces

thanks!! Its incredible how many secret keys and passwords are necessary for this business, and how important to keep them somewhere safe!!

Thanks for sharing

Thanks for this Wonderful Post.

Excellent tutorial, can you please explain how to trade using Bittrex, I am not able to trade here, may be I am missing something, Is bittrex used to trade with USD.

thanks for sharing this

jerry you are great...you have done very well..upvoted:)

You are a great man...I am a big fan of you....your posts are so informatic