this post was submitted on 30 Nov 2023
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Hi all, I'm not well versed in this, but my account on Bittrex is closing down since they filed for bankruptcy.

I want to transfer a little Ethereum to my Kraken account, where for a deposit I have to make two choices:

Network, choice of:

  • Arbitrum
  • Ethereum
  • Optimism
  • Polygon

Method:

  • Native
  • Smart Contract

I'm guessing to select Ethereum and Native, but I would like to make sure. Can't find details when using Google.

Thanks!

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[–] Omneus@alien.top 1 points 11 months ago (3 children)

Bittrex closed down completely months ago. Are you transferring because you got an email saying you have funds left over because that is a scam. Be careful

[–] BrightEchidna@alien.top 1 points 11 months ago

I received a similar email, the links resolve to https://global.bittrex.com, which as far as I can tell, is the correct url for Bittrex. Also, the email correctly identified how much funds I have remaining in Bittrex. I think it's legit.

[–] Loprovow@alien.top 1 points 11 months ago (1 children)

Yeah I got the email that I still had funds. It looks legit, and the main domain bittrex.com also has the info about shutting down.

I logged in successfully with my old credentials and the wallet shows an amount that resembles an amount i recall having on there (its only 0.7 ETH, but definitely not an amount i want to lose).

When i withdraw and move to an address of a wallet i have on Kraken, what could go wrong, if its a scam?

Thanks for your input

[–] AESTHTK@alien.top 1 points 11 months ago

This is not a scam. Funds are legitimate.

[–] NotGAF@alien.top 1 points 11 months ago

I get these emails, last one said I had 23 cents worth on there.

Which is pretty accurate.

[–] fairysquirt@alien.top 1 points 11 months ago

ideally if bittrex sends on polygon you'd send on polygon..

[–] fairysquirt@alien.top 1 points 11 months ago

smart contract does internal transactions and some exchanges don't like that and apps.

[–] BrightEchidna@alien.top 1 points 11 months ago

Choose whichever method has the lowest fees AND is supported by both sides. If unsure, choose Ethereum and native, as you said.