People Selling 'Fully Verified' Crypto-Exchange Accounts On the Rise

Over the past few months, cryptocurrency exchanges across the globe have been swamped with new customers looking to trade or acquire digital assets. Trading platforms have been having a hard time keeping up with the new registrants. Users are complaining that identity verifications are now required and take weeks to process, while some exchanges are not accepting new customers at all. This has led to rise of individuals selling “fully verified” accounts for a variety of popular digital currency platforms.

Also Read: Several Bitcoin Exchanges Are Closing Their Doors to New Traders

As Exchanges Stop Accepting New Registrants and Require More Identity Verification — A Great Number of Fully Verified Accounts Are Being Sold for Bitcoin

Just recently reported on how some exchanges like Bittrex, and have temporarily stopped accepting new customers due to the heavy influx of registrants these days. Further, we reported on how one of the leading trading platforms, Binance, disabled new user accounts a few days ago. Meanwhile, in December Poloniex announced it required legacy accounts to verify their identity or the accounts would be closed. All of these issues has led to significant verification delays, and people finding it more difficult to trade cryptocurrencies. However, some individuals are selling “fully verified” cryptocurrency exchange accounts for bitcoin and other digital assets.

People Selling 'Fully Verified' Crypto-Exchange Accounts On the Rise
Poloniex and Bittrex accounts for sale this week on the forum Bitcointalk.

Verified Accounts Lead to Much Larger Withdrawal Limits

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