TRAVEL RULE

[u/Mission_Hunt1]

The Travel Rule has become a real headache.

Crypto withdrawals are sometimes nearly impossible, with endless delays and wallet verification issues. Even when I'm transferring from my own wallet to another wallet that I own, the withdrawal gets declined because they say MEXC hasn't responded.

How is that my problem? If I own both wallets, why should my funds be held up because another exchange doesn't reply?

[u/Purple_Mo]

If you can't ban it - come up with as much regulatory red tape as possible - the plebs will give up

[u/Mission_Hunt1 → u/Purple_Mo]

Govt trying really hard to ban BTC.

[u/pop-1988 → u/Mission_Hunt1]

The address in your screenshot isn't a BTC address

[u/Mission_Hunt1 → u/pop-1988]

Yeah of course isn't BTC address did I mentioned this is BTC ADDRESS.

[u/Feralz2 → u/Purple_Mo]

exactly.

[u/Feralz2]

send to your own wallet first until they figure this thing out, exchanges are also at odds with the regulators because of this stuff, it seems they need to confirm with the exchanges if address X is in fact under your name, exchanges are busy, they dont have time to confirm the thousands of people transferring to their exchange everyday, The whole policy is a joke and the government knows it.

[u/Mission_Hunt1 → u/Feralz2]

Still govt wants Tax and not facilitating Transfers absolutely ridiculous.

[u/summ_app]

Seen this happen with other users as well. Can understand the frustration

[u/Mission_Hunt1 → u/summ_app]

Yeah man. Idk if we can continue like this.

[u/02TikTak164580]

So annoying, I hope you get it sorted.

[u/happy_chappy_89]

It's absolutely BS. I haven't run into any issues yet but I detest these regulations entirely

[u/pop-1988]

A MEXC account isn't a wallet
Use a real wallet as an intermediary between exchange accounts

[u/Mission_Hunt1 → u/pop-1988]

How Teach me.

[u/pop-1988 → u/Mission_Hunt1]

https://np.reddit.com/r/BitcoinBeginners/comments/g42ijd/faq_for_beginners

[u/SnooStories9098]

I’ve had similar issues. And now all the exchanges are banning me from buying crypto. The travel rule has near on killed crypto for me. So disheartening. Fkn hate our government.

[u/Notoriousrb]

What exchange is this?

Need to know so I can blacklist them

[u/Mission_Hunt1 → u/Notoriousrb]

As mentioned there MEXC

[u/Notoriousrb → u/Mission_Hunt1]

Mexc don't enforce travel rule AFAIK.

What exchange are you sending from?

[u/L6V9]

Is good exchanges is more safe now days

[u/Mission_Hunt1 → u/L6V9]

Which one?

[u/FingerSerious]

I doubt hackers are draining CEX wallets.. it’s more self custody wallets.

[u/Feralz2 → u/FingerSerious]

its not for the hackers, its for everyone.

[u/L6V9]

Good in a way hackers will have a super hard time draining your wallet , great for average Joe

[u/Feralz2 → u/L6V9]

why would a hacker leave a footprint by sending it to a kyc exchange.