BTC-e users to receive first payments at September 15th

BTC-e exchange has just released a new FAQ-statement
12 September 2017   2025

BTC-e cryptocurrency exchange released new statement.

The administration of the crypto exchange announced that users will be able to receive the first payments on the day of launch of the new site, on September 15. Verification for withdrawal of funds is not needed.

On the day the platform is launched, some of the funds will be transferred to tokens. There will be no converting of fiat into coin. Recalculation will be held with a higher ratio than 55/45. After launching the platform, in your account you will be able to see the available output methods. In addition, new ways of input and output of fiat will be available: any banks in Russia, Ukraine, Belarus, Kazakhstan, Europe and Asia. Data on limits will be known on September 15.
 

BTC-e team

Also, according to the representatives of the exchange, users will be able to carry out without verification the following operations -

  • trading in all pairs 
  • input and withdrawal of funds through the codes of the new site (analog BTC-e code)
  • and input-output in coins.

Verification, however, will require for users who need to input or withdraw the currency using Wire Transfer, SEPA, and other payment systems that require mandatory identity verification.

So, verification is mandatory for:

- Accounts that were blocked before July 25, 2017 
- accounts with need to change the e-mail;
- accounts with need to unbind the 2FA;
- accounts with need to remove the IP whitelist 

Additionally, on 11th of September, BTC-e launched customer support service. 

Binance to Join Forces With IdentityMind

IdentityMind provides exchanges with ability to comply with KYC\AML worldwide
26 March 2019   79

Binance announced an agreement with IdentityMind, which will help it ensure compliance with regulatory requirements and improve data security.

IdentityMind provides cryptocurrency exchanges with access to the platform, thanks to which they can monitor compliance with customer identification and anti-money laundering requirements in real time. This includes connecting new customers, managing their profiles and monitoring transactions.

The partnership between Binance and IdentityMind further strengthens our compliance capabilities and our commitment to re-invest in the blockchain ecosystem and grow it. We continue to evolve and enhance security systems while adhering to regulatory mandates in the countries we operate in. The goal is to foster greater trust among financial institutions worldwide.
 

Samuel Lim

Chief Compliance Officer, Binance

Last year, Bloomberg wrote about the Binance user identification system as the least strict in the entire industry, and linked the “level of anonymity” provided by the exchange with the risks of money laundering and market manipulation.

In October, Binance entered into an agreement with a supplier of transaction analysis software on the blockchains Chainalysis, and in November with Refinitiv, which developed an automated solution for client verification.

Whether the ordinary users of the platform will feel the impact of the integration of IdentityMind tools on themselves, the exchange does not specify.