#blocktrades

BlockTrades users must now create an account to trade with us

In response to upcoming regulatory changes around the world, BlockTrades is now requiring users to create an account before they are allowed to trade with us. This means that you won’t see the “Get Deposit Address” button until you login to your account. One benefit of this change is that you will be guaranteed that all your transactions will be linked to your account, so you can’t lose a record of any of your transactions.

New account trading limits

New accounts will initially have a daily trading limit of $1750 USD, but you can increase this limit by submitting identification information via the Authorization section on your profile page. After being authorized, you will initially have a daily limit of $20,000 USD (which can be increased per an approved support request for a larger amount). An authorization request will generally be approved or rejected within 48 hours of the request.

What will happen to legacy deposit addresses from unregistered users?

For the next three months, we will still process transactions to existing deposit addresses, to avoid issues for anyone who has setup a periodic automatic transfer to such an address. Note, however, that transactions on such addresses will be limited to a $200 daily limit. If a larger amount is sent, the user will need to create an account and contact us to link the deposit address to their account in order for the transaction to be processed.

What if I’m a partner/affiliate of BlockTrades that directly uses the BlockTrades API?

For the next three months, we will still process transactions generated via our API without requiring a user login, but the amounts sent to such deposit address will be limited to $200 daily. After that period, your site will need to integrate support for our upcoming API function that allows a user to login to his BlockTrades account via OAUTH2.

Comments · 66

@lufasu-mafuluu(25)· 1846d
why can't i go to a sign in page.. everytime i click the sign in button there is a notification box the says Error: Login Failed
@muhammadarif(62)· 2571d
my trransaction is failed, please check
@creativetruth(71)· 2571d
Is the @blocktrades website undergoing maintenance? I am unable to login (goes to a weird error page), and the mainpage says the exchange is down.
@dicinn(44)· 2579d
me regalas dinero¡?
@mediawizards(64)· 2585d
after this not letting me sign in
@chameleon47(53)· 2587d
just now I try login into my created blocktrade Account but it not going through, what could be the problem or is the site on maintenance? please respond to me on this... ... that is what I get when I try to sign_in and if I click on Accept it return me to this...
@chameleon47(53)· 2590d
Wow... It really cool, I just confirm my first Steem transaction, its cool
@darmianto5(60)· 2593d
Amazing blocktrades god job

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@alisingh(25)· 2594d
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@faithfulme(38)· 2612d
@blocktrades still new on steemit so am not sure i understand how these things work yet.

I transefered 0.438SBD to blocktrades to be converted to BCH in my coinbase wallet BCH address. The transaction was completed.. As it shows on both my steemit wallet and on my blocktrade account but i cant find any BCH on my coin base account and the SBD is no more on my steemit wallet. Please do something
@eps(54)· 2614d
are you operating realcleaner? why you downvote all my votings?

Posted using Partiko iOS
@anaclark(64)· 2619d
What a coincidence, I registered this afternoon (and, I didn't see this until now).

Thanks. 🌸
@carbari(32)· 2620d
I want buy eos with small amount in blocktrades,why i need kyc ,sir ?
@ubongj(62)· 2624d
Hello guys.. Got a complaint..

Sent ETH worth 17 steem to be converted to my account and got just 10 Steem a couple hours ago.. Please how can this be rectified??
@alexvanaken(68)· 2624d
~~Why did you just fail my transaction of 12,000 DOGE? Please respond to my support ticket immediately and give me the SBD I deserve or I will never use your service again!~~ Thanks for fixing this
@thachsanh(25)· 2627d
I have just signed up an account. Do you have affiliate program?
@sarahabed(61)· 2642d
What do we do after creating an account? Is there an easy to follow manual on how to cash out in USD?
@libert(63)· 2642d
@blocktrades could you use bit high BTC fees for transfers? Been two hours, transaction is still unconfirmed.

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@devkant79(66)· 2645d
Thanks for the update

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@jarvie(75)· 2645d
SteemPeak.com was literally about to release a feature that allowed every user to deposit with blocktrades into their account right from the UI. I was testing it and everything... then came over here and saw this. So.... I'm guessing this probably shouldn't be released now. Who should we contact about this?
@delegate4upvotes(47)· 2650d
Love what you are doing it's great I think you should add more coins/tokens to you're exchange
@paultarpan(60)· 2651d
it's an very bad changes. today I tried to register . It said that it has send me an activation link but In my email I found no link.
@madalchemist(50)· 2653d
People who complain could always set up an offshore exchange with no rules. Blocktrades is bound by the laws of the area they are in. Bittrex makes you do KYC with ID to trade any amount.
@steemitboard(66)· 2653d
Congratulations @blocktrades! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :

You made more than 27000 upvotes. Your next target is to reach 28000 upvotes.

_{You can view your badges on your Steem Board and compare to others on the Steem Ranking} _{If you no longer want to receive notifications, reply to this comment with the word STOP}

Vote for @Steemitboard as a witness to get one more award and increased upvotes!
@zekepickleman(79)· 2656d
Sounds good guys. Keep innovating and progressing and improving the platform as we head towards early adoption. A gateway too and from steem is going to be the key for bringing on new users and enabling the early adopters to profit from the hard work in their steem business.

Thanks for all that you do and your ongoing support for the community.

Posted using Partiko iOS
@prinzvalium(69)· 2657d
Since more than one day MY money is blocked! No response from @blocktrades per mail and Steem Chat. That's really cool.

Transaction State User's deposit exceeded transaction amount limit, requires admin approval. The transaction exceeded the user's transaction limit for automated processing and is pending approval by administrative personnel. Time (local) 2019‑05‑18 11:13:45
@briggsy(65)· 2657d
While I respect that this is not an optional choice on the part of Blocktrades, I am also aware that this is one of many steps that regulators around the globe will keep taking to keep the financial systems transparent for the benefit of those pulling the levers.

My concern is whether Blocktrades is working towards creating an off/on ramp from crypto to fiat, as this would certainly put Blocktrades in the same position that Bittrex is in now, who recently had to eliminate basic accounts that had no KYC (proof of identity, uploaded photos, documentation, etc), which hurt a lot of Steem users that took advantage of the on/off ramp. Such an outcome for Blocktrades would likely kneecap the crypto-side of Steem much more so, and maybe propel the Steem blockchain into something entirely different than what it is now.

I'm not against progress and evolution of Steem, as I get more use out of Steem these days when playing drugwars, and upcoming projects like Cache.gg look exciting as well, whereas the social media aspect of Steem (purely for the sake of social media) is niche at best in the current climate where something you said 20 years ago can land you in jail today, and everything you say on Steem is written in stone. Great for writers who want proof they own their ideas, bad for someone seeking to speak their mind on controversial topics. As I say, niche.

Then you have to wonder if applications using the Steem ecosystem would want to use blocktrades in the same way as something like paypal, which is very much trusted and does not require typical KYC to make transactions, as there are other means of proving someone owns a bank account or a credit card. But where does Blocktrades sit in comparison to paypal? If Steem users cannot move Steem in and out of the platform without KYC (if further regulatory steps are taken in the future, or Blocktrades adds fiat on/off ramps), then Blocktrades effectively decouples itself from Steem in the way paypal did with eBay.

Of course, as long as Blocktrades doesn't allow you to store a balance that they manage, then that should leave Blocktrades in a much better position.

I don't know whether that will be a good thing or not, but it certainly motivates me to power down now instead of facing the risk of losing liquidity. I mean, I'm not going to, but the FUD is certainly knocking at the door. I also understand the liquidity of Steem is a major issue that has seen countless exploits of the system for profit without any consequence, killing the potential for everyone else, and Blocktrades has played a major role in this, as did other exchanges like Bittrex.

So many things to weigh here, and in the long term I see the legitimization of Blocktrades and the tightening down of Steem's liquidity only being a good thing for actual users of the platform, but it certainly is an unknown for speculative traders. Who knows, maybe with some luck there will be scared whales trying to get out while they can and move the center of gravity of the ecosystem back down from the sky.

At the very least, thanks for the work put into Blocktrades, and the continued effort to keep improving the experience for users. I've always known that the older functionality of Steem relied heavily on Blocktrades, but it really hits home just how much Steem users rely on Blocktrades for liquidity, and it will be interesting to see where this takes us.

Appreciate the update, thanks for the hard work.
@dswigle(78)· 2657d
Oh, Uncle wants his piece of my pie!! How about I serve him up some humble pie?
@omikhatun(41)· 2657d
. Therefore we must always think positively on others so that our minds are calm and make life healthy.@blocktrades has superior customer service and an easy to use interface on their website. Makes it easy for me to trust that my money is passing through safe and secure hands.
@nachomolina(72)· 2658d
Greetings @blocktrades!

I have reviewed your blog and I find this brilliant publication! :)

I think that the regulations are made for security reasons that will guarantee the success of the operations and the strength of the client's cryptocurrency.

When you create an account in a certain platform now your data will be displayed from your interface, your name and in a personalized way; leaving stored in your user account all the record of your transactions which would be completely auditable ...

What good news, @blocktrades!

I will start right now, by opening my BLOCKTRADES account for future negotiations!

Thanks, see you next time! :)

#blocktrades
@foxkoit(76)· 2658d
HEy @blocktrades ... this is not good :(( that means.... a government which in any case abuses power and laws, can start here this users now to tax on each transaction, and it is not good.

And also limit of $1750 USD Are you joke ???? I feel like I'm being jailed here in prison... and I not joke.

First ... this is my steem and SBD... and I must have right to decide for myself how much I want to take out, the fact that one authority can tell how much a user can take out is very bad. I thought here were people who dared to fight back the system, but no... it looks no.

And sorry I say this.
@blaogao(58)· 2658d
Great news my friend

Posted using Partiko Android
@smallbites(61)· 2658d
Thanks for the notification.

Posted using Partiko iOS
@artgirl(69)· 2658d
Oh good thing I already made an acct last year. Hehe. It's easy to make an acct anyway. 😊

But wait, there are people who can trade up to $1750 per day? Whoa.
@arcange(79)· 2658d
Congratulations @blocktrades! Your post was mentioned in the Steem Hit Parade in the following category:
- Pending payout - Ranked 9 with $ 107,26
@steem.ninja(66)· 2659d
Hi,

is there any chance that you could provide access to your new API in advance so that we can update our own integration?

Regards

Steem.Ninja
@stokjockey(71)· 2659d
Thank You @blocktrades for the Services that you provide. I actually sent some Litecoin over to buy some STEEM so I could Pay for an Item in the @ssg-community .........Everything is Always Smooth with Blocktrades and I am Grateful.............
@guurry123(75)· 2659d
I my opining there that should not be problem of anyone. Creating a account is super easy @blocktrades Even I first transection was after creating a account only. And I live the flawless & super fast speed of transection.

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@jonbit(66)· 2659d
And this is why we need a %100 decentralized exchange. You will be able to draw/trade out $1750 for a while, however like other exchanges that are subject to this kind of submission will change and make you submit your ID to do any kind of trading. At that point use an exchange that has some kind of insurance in the event of a "bug" or "hack". Maybe blocktrades will think about working on making a decentralized exchange?
@eastmael(69)· 2659d
I've always loved the services offered by blocktrades and have created an account to keep track of my transactions. I simply love the seamless convertion from STEEM to another token at competitive rates.

Although I believe I won't be affected by this change, I do recommend creating an account with them.
@ssjsasha(74)· 2659d
What do we need to sign up
@matthewtonyit(63)· 2659d
@blocktrades, great development you have here and I really pray it works well. I know that what really matter is where your customers are located.... Community is involved. Great initiative.

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@theabsolute(65)· 2659d
First shapeshift and now this. Sign of the times I guess
@andablackwidow(69)· 2659d
This is grave news.

People who saw benefits of having an account with BlockTrades, already have one, therefore there is no point in discussing those.

There are however people who used your services because it was possible without leaving definite trace and with pretty much no limits.

You can't leak what you don't know. Now with mandatory account all the problems show up:
- what information are you going to collect
- how are you going to protect it against unauthorized access
- what laws apply to you
- which (governmental or other) organizations will have access to that information
- is it possible to challenge request for such information in court and if so, are you willing to actually do that
- are you going to let the target know about their information being accessed etc.
It is not that I don't want to give you my identity. You know who I am, so it wouldn't affect me, but other customers are not in the same situation.

On top of above mentioned problems new daily limit is atrocious, especially considering the limit so far was the size of your hot wallets. I haven't used them in a while (because for the last year I was using BlockTrades for most of my trades) so maybe something changed but back in the day Binance had no deposit nor trading limit and 2BTC daily withdrawal limit for unverified accounts. If that still holds the new $1750 USD barrier looks bleak in comparison.

Damn, it was such a good exchange...
@mytechtrail(64)· 2659d
Thanks for the notice. I have had an account for some time.

Posted using Partiko Android
@rishi556(72)· 2659d
I've loved blocktrades for its no login requirement for as long as I can remember. I shared it to others on that very premise. I know that you were basically forced to do this, so nothing we can do other than create an account. Very easy to do so and I've had one for quite some time already. Still the easiest exchange around.
@full-steem-ahead(65)· 2659d
Dang Dan, sure would have been nice of you to provide advance notice of this change, rather than spring it on us all of the sudden like this.

So much for disruptive technology. New name: acquiescence to demand. I thought Blocktrades was registered in Cayman Islands or some foreign jurisdiction not under the thumb of US hegemony.
@khufu(55)· 2659d
So do we need to supply KYC details to make an account?
@azfix(65)· 2659d
I will miss blocktrades
@jrcornel(82)· 2659d
I got through half of the verification process but it is even more extreme than most exchanges, and only allowing $1,750 per day without it? Any chance that number goes up?
@reggaemuffin(66)· 2659d
I understand the regulatory reason for this change, but this will probably mean that our BuildTeam integration of the Blocktrades api will have to migrate to another solution (or maybe use a transparent pool of acounts? Is that legal? Allowed?). Users that want to one click power up on our platform don't want to register yet another account and this might be a dealbreaker here.

I think the two solutions for us here would be to either circumvent these limitations (which would be a pretty bad solution) or having to ditch blocktrades :/ both are not what we would want to do.
@cryptopie(78)· 2659d
Can you move your business to Malta or something like that @blocktrades?
@abrish(56)· 2659d
I have realized the benefits having an account in the blocktrades. actually I have a blocktrades account but did not mostly sing in to my account while making some transactions. in such situations I miss transaction data or recodes I made, which is not advisable in the crypto market. therefore, I found this post important and it is support my personal lesson
@kingrefat(54)· 2659d
@blocktrades change my mind and i opeaning a account .
@prakashghai(64)· 2659d
so having an account is mandatory. OK and is authorization after having an account also mandatory?
@earnlogy(59)· 2659d
Hey @blocktraders I've an account on your website but every day I need to sign In on your website maybe its a bug or what ever it is I don't know but It's a humble request

Please repair it.
@rana2423(73)· 2659d
Ow,That's a good contribute. Creating a @blocktrades id is very easy,I am very much fortunate that I have an id

Posted using Partiko Android
@preparedwombat(79)· 2659d

upcoming regulatory changes around the world

Translation: Banksters and gangsters (governments) fear freedom.
@florian-glechner(78)· 2659d
Puh all these regulations. IT was so convinient not needing an extra Account.

Posted using Partiko Android
@newageinv(74)· 2659d
I have mixed feelings about this as it will limit liquidity in some sense as many prefer not to register. I guess I will need to make a big decision about this...

Posted using Partiko iOS
@creativetruth(71)· 2659d
Fortunately making an account is very easy and painless process. I have had an account for a while, and never had any problems. @blocktrades has superior customer service and an easy to use interface on their website. Makes it easy for me to trust that my money is passing through safe and secure hands.
@fitinfun(72)· 2659d
I am very happy to already have an account with you and always login before trading. I look forward to the day when a limit of $1750 USD with be an issue for me. Please do what you can to make this happen!
@hungryharish(67)· 2659d
Great thing I have created and using already @blocktrades. I have participated in introduce Dtube contest, but not sure whether you have checked my entry or not.
@felt.buzz(76)· 2659d
Okay, good to let us know and why. Thanks!

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@altafalazzam(61)· 2659d
Done Mr.Blocktrades. thanks you so much.
@lunaticpandora(70)· 2659d
I've had an account for months, the ability to see transaction history is pretty useful and I needed it anyways to buy EOS.

New account trading limits

What will happen to legacy deposit addresses from unregistered users?

What if I’m a partner/affiliate of BlockTrades that directly uses the BlockTrades API?

Comments · 66

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