Crypto Chasing Man

Bittrex Closing US Operations


This is not what I was expecting for April 1st (April Fool's Day in the US)

My inbox held an email from Bittrex saying they are closing down Bittrex operations in the US by April 30. The main reason given in their statement was regulatory uncertainty in the US.

The regulators are going to drive all crypto access out of the US, the way they are going. The conspiracy theorist in me says that is their intent. The cynic in me says they aren't that bright. This is more likely some unintended consequences of the SEC power-grab (over the CFTC). 

With Bittrex closing to US customers, Coinbase in hot water, Binance.US not available in my state, there are fewer and fewer options left for me for a trading account. At least for centralized exchanges.

This isn't the first time this has happened to me. I had an account at Gate.io, but they closed to US customers. But that was a small account, holding mostly faucet earnings. The same with Binance (I still access it via VPN).

Bittrex is my main trading account, with a sizable percentage of my crypto.

I don't mind moving my crypto to my self-custodial wallet, but I don't want all my crypto in one wallet, just in case. I may buy a Ledger cold wallet (my KeepKey cold wallet had issues last year, a story for another time).

I may have to seek out some of the lesser exchanges or work with decentralized exchanges.

Not only that, I will now incur transaction fees (and maybe trading fees, if I can't transfer some of my Bittrex holdings).

If you know a legit exchange that accepts US customers, preferably with no KYC requirement (I'm a privacy nut), please post it in the comments below.  

Also, some good DEXs would be helpful, too.

 

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CryptoForAll
CryptoForAll

Crypto enthusiast since 2014


Crypto Musings, Thoughts, Feelings, and Opinions
Crypto Musings, Thoughts, Feelings, and Opinions

The mental gymnastics of someone who has playing with cryptocurrencies since 2014.

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