The exchange Poloniex plans to discontinue service reverification users

Cryptocurrency exchange Poloniex reports that the team has upgraded the system of identification and verification of users, which resulted in the so-called account of the old format (not passed verification) must be verified through the internal portal, or they will be significantly limited, and later completely disconnected from trade.

The final terms of providing information will be announced in the first quarter of 2018. Poloniex recommends users to proceed with the verification of their accounts to avoid potential trade restrictions because of violation of terms.

In case you have not passed the verification until the end of the designated period:

  • Margin trading and the obtaining/granting of loans will not be available;

  • Active orders are closed;

  • Auto loan is canceled;

  • At the active margin positions are given 8 weeks within which can only be to reduce the position or close it. After this period, all margin positions unverified accounts will be closed;

  • Address for deposits of cryptocurrencies will be cancelled and sent them the funds unavailable until the account is verified;

  • The output of crypto-currencies will be valid until not yet the appointed date of the deadline, with a limit of up to $2,000 per day (after verification it will rise to $25 000 per day).

In fact, after this date the input and output of crypto-currencies on the exchange will only be possible for verified users. Those who do not pass the verification, obviously will be able to withdraw your coins only after submission of appropriate documents. Thus, the exchange will completely cease service to anonymous users.

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