Bittrex announced on October 18 that its international trading platform in Europe will be withdrawn from 31 countries by the end of this month. The cryptocurrency exchange regards regulatory uncertainty as the main reason behind this measure.
However, it seems that Bittrex, originally located in Seattle, Washington, has little or no market in this seemingly large-scale divestment, with the exception of Venezuela and several other countries.
Affected Bittrex users will receive deadlines
According to the official announcement, operators using Bittrex International will lose all access to their accounts from UTC at 7:00 PM / CEST 9:00 PM on October 29. Affected customers must withdraw their deposits before then.
Customers must have a balance equal to or greater than the minimum withdrawal limit in order to recover their hiding place. This means that users must have at least three times the withdrawal fee in their account. This rule applies to all coins and tokens.
Bittrex International’s current withdrawal rate is 0.0005 BTC, so to withdraw money, users must deposit at least .00150001 BTC.
Users from the following countries will be affected by this campaign:
Afghanistan, Egypt, Bosnia and Herzegovina, Botswana, Cambodia, Central African Republic, Democratic Republic of the Congo, Ivory Coast, Ethiopia, Eritrea, Ghana, Guinea, Guinea-Bissau, Guyana, Iraq, Laos, Lebanon, Lebanon, Libya, Maldives, Pakistan , Sri Lanka, Somalia, Sudan, South Sudan, Trinidad and Tobago, Tunisia, Uganda, Vanuatu, Venezuela, Yemen, Zimbabwe.
Before starting the withdrawal process, the customer must create an address using the wallet where the deposit is to be restored. Bittrex has released a detailed instruction guide to help customers understand the process.
It is worth noting here that in early June, Bittrex greatly reduced the trading options for US carriers. UU. As previously reported by BeInCrypto, by deleting 42 coins and tokens on the platform.
Is the massive withdrawal from Bittrex International affecting you? If so, please let us know in the comments below how it affects you personally.