Is Bitmart difficult to withdraw? WOO X ambassador said Bitmart restricted withdrawals for “security reasons” or constituted an encroachment on users' funds

Comparative news, in response to the details of Bitmart's official withdrawal announcement, trading platform WOO X ambassador Baki posted an article on the X platform saying, “BitMart Exchange restricts users' withdrawals for 'security reasons', and its operation to turn off the automatic withdrawal function may cause a large number of users to be unable to complete the withdrawal of funds. The platform changed the withdrawal process to a manual review, requiring users to submit regulatory checks such as account identity and KYC information verification, login device and IP address and account security status verification, withdrawal address and blockchain transaction risk review, funding source and transaction history review, travel rule compliance and sanctions screening. If necessary, additional documents such as proof of identity, proof of address, proof of funding source, or proof of ownership of the withdrawal address are also required.”

Baki recommended that users, if they have a P2P option, can withdraw to bank accounts through this channel; at the same time, he emphasized that the crypto market is not decentralized, but is controlled by a few large groups, exchanges, and financial parties.