//Got an email from Poloniex: They’ve implemented forced KYC and limited accounts to $2000 withdrawals if “legacy”, and $0 if not (I made my account in August 2017 so not legacy). Threatening “restrictions” if KYC isn’t handed over in 7 days but I’m already locked out…

Got an email from Poloniex: They’ve implemented forced KYC and limited accounts to $2000 withdrawals if “legacy”, and $0 if not (I made my account in August 2017 so not legacy). Threatening “restrictions” if KYC isn’t handed over in 7 days but I’m already locked out…

KYC is “know your customer” or “give us every scrap of personal information and scan in your fucking passport so we can do ambiguous stuff and maybe steal your identity” for those not in the know (yeah whatever, not many of you don’t know this, fine).Fucking bullshit, I can’t even click on my withdrawals to see how what coins I have on the exchange to see if it’s even worth going through the stupid process.I listened to the community and withdrew my main holdings from all exchanges but left 0.5LTC on Poloniex, and I think there might also be ~100XRP left on there.Just weighing up if it’s even worth bothering with giving my details to these idiots so I can get at those coins.Don’t forget: Any exchange can spring this shit at any time and fuck you over. Take your coins off the exchangesI’ve copied the email below:Dear [EpicFishFingers]We’re emailing you because you have a legacy account with Poloniex, and you need to finish verifying your account. As part of account verification, we will need you to verify your identity. Please visit your profile page and follow the instructions there to complete verification.During this process, you’ll be asked to provide a verification photo of yourself as well as a photo of a valid government-issued ID card or passport. When taking your verification photo, please follow these guidelines.We appreciate your cooperation in this process. If we cannot finish verifying your account, you will not be able to use Poloniex moving forward, so please take action on this as soon as possible. Once we receive and verify your information, full account functionality will be restored, and your daily withdrawal limits will be increased to $25k USD equivalent.You’ll have 7 days from the date this email was sent to verify your account information. After 7 days, restrictions will be placed on your account.As a registered money services business, Poloniex is committed to compliance with all applicable law requiring identification and verification of its customers. If you have any questions about these or any other Poloniex terms, feel free to take a look at our terms of service and privacy policy. You can also submit a question to our support team by going to the Poloniex support portal.The Poloniex TeamAlso a relevant thread: https://ift.tt/2JagunH yes ofc I use other exchanges other than polo. I also have accounts on bittrex, cryptopia, EtherDelta, coinbase/gdax, and I mainly use Binance. Binance is missing a few coins such as neo I think, and initially it didn’t have stellar lumens. Cryptopia also has lots of shitcoins from ICOs but is as dodgy as polo.

KYC is "know your customer" or "give us every scrap of personal information and scan in your fucking passport so we can do ambiguous stuff and maybe steal your identity" for those not in the know (yeah whatever, not many of you don't know this, fine).

Fucking bullshit, I can't even click on my withdrawals to see how what coins I have on the exchange to see if it's even worth going through the stupid process.

I listened to the community and withdrew my main holdings from all exchanges but left 0.5LTC on Poloniex, and I think there might also be ~100XRP left on there.

Just weighing up if it's even worth bothering with giving my details to these idiots so I can get at those coins.

Don't forget: Any exchange can spring this shit at any time and fuck you over. Take your coins off the exchanges

I've copied the email below:

Dear [EpicFishFingers]

We're emailing you because you have a legacy account with Poloniex, and you need to finish verifying your account. As part of account verification, we will need you to verify your identity. Please visit your profile page and follow the instructions there to complete verification.

During this process, you'll be asked to provide a verification photo of yourself as well as a photo of a valid government-issued ID card or passport. When taking your verification photo, please follow these guidelines.

We appreciate your cooperation in this process. If we cannot finish verifying your account, you will not be able to use Poloniex moving forward, so please take action on this as soon as possible. Once we receive and verify your information, full account functionality will be restored, and your daily withdrawal limits will be increased to $25k USD equivalent.

You'll have 7 days from the date this email was sent to verify your account information. After 7 days, restrictions will be placed on your account.

As a registered money services business, Poloniex is committed to compliance with all applicable law requiring identification and verification of its customers. If you have any questions about these or any other Poloniex terms, feel free to take a look at our terms of service and privacy policy. You can also submit a question to our support team by going to the Poloniex support portal.

The Poloniex Team

Also a relevant thread: https://www.reddit.com/r/poloniex/comments/8ku3y6/can_a_legacy_user_still_withdraw_their_money/

Edit: yes ofc I use other exchanges other than polo. I also have accounts on bittrex, cryptopia, EtherDelta, coinbase/gdax, and I mainly use Binance. Binance is missing a few coins such as neo I think, and initially it didn't have stellar lumens. Cryptopia also has lots of shitcoins from ICOs but is as dodgy as polo.