Bitfinex Is Kicking Out Americans: How to Handle Your IOTA

[MeanPeopleSuck]

Bitfinex announced today that within 90 days Americans are kicked out: https://www.bitfinex.com/posts/216

1. IOTA -- several times on SBR's boards I've recommended buying IOTA. Unfortunately, 99% of IOTA's trading takes place at Bitfinex, so if you're an American, you've basically got two options:

A. Sell your IOTA (almost certainly at profit, so that's always good).

B. Download IOTA to IOTA's wallet, so you can keep (but not trade) your IOTA on your computer and wait for it to get listed at another exchange. This is the option I chose, so let me give you a head's up: this wallet's not the easiest to download and install, so expect to need at least one beer break. You want the Setup.exe file: https://github.com/iotaledger/wallet/releases


2. If you're considering staying with Bitfinex, anyway, since their trading is anonymous, you should know they do log your IP address, which gives your location. Of course, you can easily spoof that with a VPN, but if Bitfinex ever requires you to verify your true identity -- as it recently did to me -- and you turn out to be an American, I'm not sure where that leaves you.

[Kindred]

Of course, you can easily spoof that with a VPN, but if Bitfinex ever requires you to verify your true identity -- as it recently did to me -- and you turn out to be an American, I'm not sure where that leaves you.

Why did they ask you to verify your identity? Their policy has always been crypto in crypto out no need for verification. What made them request verification?