Does Bitmax require identity verification (KYC)?
Bitmax
Angel Watson
Thomas Reed
Yeah but theres a bunch of bots running crazy there, whenever a wall happens you can set a buy order and a sell order 0.00001 unit apart and get it filled easily. Well at least until this usdt shenanigans started last week, now usdt seems risky a bit.
No
Brody Mitchell
2btc daily withdraw limit if unverified. Essentially, the same as Binance.
KYC now required for margin trading if account was opened after beginning of March.
KYC has always been required for larger withdrawal, joining IEOs, OTC, and their bittreasure lockup programs.
Tyler Morales
>KYC now required for margin trading if account was opened after beginning of March.
That sort of sucks. Margin trading is basically the main reason to use it. Is that for certain? Is it anywhere on their website?
Dominic Brooks
I used to thought that BTMX is good, until i got forced liquidated on my margin due to a wick. Yes I understood the risk of leverage, and that's something I accept.
The thing is, I ended up owing them money because their liquidation engine liquidated my BTMX positions far below the cushion rate. I have yet to return them what I owe, but my Cash Assets (non-margin account) are under hostage by them lmao. I can't transfer anything out unless I pay what I owe them.
Fucking scam
Alexander Stewart
Anyway OP, just a small lesson from me if you decide to margin BTMX and lock some away. You'll be forced to liquidate your locked BTMX as well if they decide to pull a Hayes on you.
Justin Peterson
>crypto lending
>literal who pajeet exchange
>get paid in USDT monopoly tokens
Fucking YIKES
Michael Sanders
If you're a user of their exchange, can you confirm that they demand KYC for margin trading? Trading on margin with low liquidity kinda sucks indeed.
Adam Bennett
GEORGE CAO is a SCAMMERS
BITMAS IS A SCAM
Thy blamed the Pn D on hackers BS they did it the selves they were not being honest about the Margin trading from the beginning. I asked on their Telegram about margin trading and the Admins wouldnt give me a straight answer.
Some one asked them about the Biz FUD on Telegram and an Admin stated that they checked Biz and did not see a single BitMax posting on Biz there was about 15 different threads going on.
George Cao is a SCAMMER
Evan James
Coinlend is listing them as a lending platform soon. who crypto/usury/ here ?