29 Dec '17, 11pm
Poloniex Now Requires Legacy Trading Accounts to Verify Identity
At the moment unverified legacy accounts can withdraw approximately US$2,000 worth of cryptocurrencies per day from the site. The exchange details that after a user is verified, the withdrawal limit is upgraded to a withdrawal limit of $25,000 per day. Legacy accounts that fail to comply with the verification process will see trading and lending functionality disabled, and all open orders will be closed. Withdrawals will remain enabled at the $2,000 limit up until the deadline, and deposit addresses will not function after the scheduled date. Further, the Poloniex will also close margin positions after a grace period.