Bitcoin is up % in the last 24 hours. The current CoinMarketCap ranking is #1, with a market cap of $,,, USD. It has a circulating supply of 18,, BTC coins and a max. supply of 21,, BTC coins. The top exchanges for trading in Bitcoin are currently Binance, Huobi Global, HBTC, Dsdaq, and Hydax Exchange. Australia's premier secure cryptocurrency & Bitcoin exchange. Buy, sell and trade Bitcoin (BTC), Ethereum (ETH), XRP and more with AUD today. BREAKING: BTC Markets locking accounts after POLi payments reversed to customers who already bought and transferred BTC. Transfer everything out ASAP. May well be a fatal issue.
Btc markets poli paymentsBTC Markets Cryptocurrency Exchange Review - Crypto Head
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May well be a fatal issue. BTC Markets is one big pile of shit They just blocked my account today as one of the Poli payments I made on 22nd was refused by their bank not my bank, my bank did the payment as normal. They are now preventing me form accessing my BCH in the exchange. This one for me strike 2 from them, strike 1 was them using Bcash propaganda label, and not wanting it to change it to Bitcoin Cash, even after lot of people asked them to change it.
They also blocked me on twitter when I tweeted on their page that they should change the Bcash to Bitcoin Cash. To be fair poli payments works by taking your banking username and password, logging into your bank as you and sending the money somewhere. Secure much I completely stopped using them after 0. That and the fact they still have bch labeled bcash. It's a service in Australia and New Zealand that you basically hand it your bank login details sounds dodgy and it logs in to your bank and makes the payment for you and tells the service you have paid so you can shop online without using a Visa card.
Unfortunately, there is no specification on how much "sufficient time" should equal to, so it is extremely easy for a bank's legal team to worm their way out of this, if they give say 2 minutes notice. Judging by the reaction of BTCMarkets, very minimal time was given to make alternative arrangements - if at all! It almost seems like the account was closed without their knowledge something, which unfortunately, the bank is legally allowed to do, if they can justify that the account poses an immediate risk to their system or services, or they believe the account is being used in an illegal matter.
My account is fine They probably will recoup losses from the locked accounts? I don't see how this could be the case, at least not if you control the private key of the addresses you send to. All addresses and their private keys are valid for either blockchain, so you can't send BCH to a BTC Core address, as it'll just get sent to the same address, just on the BCH blockchain.
Mind you, it's not a good idea to do this anyway, since importing the private key of either the BTC Core address or the equivalent BCH address renders the address on the other blockchain insecure. Bet to keep entirely separate addresses for each fork. Don't know anything about armoury. It takes about 30 seconds to create a new wallet though, so not sure what the issue is. This is pretty bad if true. At first I thought it might just be competition pushing bad news but after looking at the twitter posts it's not looking good.
I've done one Poli payment on 22nd, my bank shows it as gone through, today I see same amount back in my account, I have no idea where it came from, then after I get email from BTC Markets, do I see it was from their bank, refusing to do the transfer. Now my account is locked Something is dodgy here, CoinSpot now allowing new deposits now till sometimes into , now this shit No surprise at all. This place would be better without this never ending debate from vested people, hopefully the mods keep it out of here, if people want to argue this stupid shit forever they can easily do it in one of the two subs.
The miners got what they wanted, all the layer 2 people got what they wanted, move the fuck on and make your coin the best it can be instead of being petty. Yeah, I know them both all too well. Everyone should know this. Any place someone involved or wants to get involved in Bitcoin, should know the origins of Bitcoin, its intention, the scaling history We need to put a stop to that About two exchanges changed it to Bcash, then one of them, I think Bitfinex, changed it back after a week or two.
And what exactly do "bcash fanboys" deserve? Are you seriously 12? This whole bashing of BCH is so fucking petty and ridiculous. Bitstamp, bitfinex and all major exchanges call it Bitcoin Cash and not bcash. You are not only wrong but very demonstrably wrong. Says the guy stuck in the Blockstream bubble. Maybe if you step outside it, you could see that if Bitcoin was released today, it would be laughed out of the room.
I seriously hope btc crashes due to what those assholes at core have done. Dumbass, you are fucked over in your head, I don't go into the porn subs,, my head is not fucked over like yours. Keep the teenage name drama out of this sub please.
You've already drawn one person in to start trolling you and fallen for it. What teenage name drama? I am not the one using derogative propaganda labels. And if you are referring to me calling them bastards, well they are not in literal meaning, but you know this already. My account was locked from this, has anyone successfully unlocked their account following the BPay steps provided by BTCMarkets?
Was your account reinstated in the same state it was in before or did the BPay payment reappear as AUD? I just had mine unlocked, I think they are overwhelmed. It has taken overnight, a few emails and a few twitter back and forths before I asked them to DM me and was immediately unlocked. Just keep asking them I suppose - good luck hope it works out for all.
Thanks for the info. I spoke with a friend earlier who made the max POLi transfer and bought BTC, transferring to another exchange right away. His POLi transaction was then reversed. So he basically got free BTC. BTC Markets has since emailed and asked him to pay them back. Apparently, this is not an isolated issue and there are many customers with the same problem as you can see on the link. While I don't use BTC Markets, I would transfer and crypto on there and withdraw any cash immediately just to be safe.
You don't want to be the last guy off the ship. They have already begun locking people's accounts. His account has been locked out, so he can't even get on to check his account history or anything apparently. I've advised him it would be a pretty good idea to pay the money back to them once BTC markets explains the situation properly.
They have his ID and info afterall, a debt collector is probably what BTC markets will use to recover funds not paid back immediately. Learn more about our Affiliate Disclosure. The trading platform supports many altcoins, which can be traded and sold in exchange for Australian dollars.
Visit The Site. Started in , BTC Markets exchange offers value and reliability to its users, especially those in the Australian market. The platform provides reasonable fees for trades, deposits, and withdrawals, and boasts a large user base and trading volumes.
It is difficult for anyone outside of Australia to use the exchange, which is something the site does intentionally. BTC Markets intends to keep its scope small and narrow, focusing on specifics rather than catering to everyone. BTC Markets offers options that enable both sophisticated and novice traders to have a pleasant experience. BTC Markets offers support for many digital assets and trading pairs. BTC Markets might ask for personal data, which is typical of all exchanges. They request this information to cut down on fraudulent activities and money laundering.
Sharing personal information is never ideal; however, BTC Markets is a site that submits to Australian rules and regulations.
That means you can rest assured that your data and funds are protected and safe. See their fees here. If your primary reason for using BTC Markets is due to the fiat currency they accept Australian Dollars , you might consider looking elsewhere. There are cheaper alternatives that accept AUD. Essentially, trading one digital asset for another is 0. If your focus is on trades using fiat currency for cryptocurrency or high-volume trading, then you should consider sticking with BTC Markets.
While these trades begin at 0. By comparison, Coinbase charges 3. Thus, Australians experience low fees, even though the exchange is only available to a local market. The following limits apply when using the platform:. If you need limits that are higher than what the platform offers, you can request to have them increased. Confirm the transaction and organization information, then submit the payment.