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Topic: [ANN] Crypto Rush - Crypto to Crypto exchange - page 72. (Read 141822 times)

full member
Activity: 224
Merit: 100
oh i see it now, this is exactly what i thought was wrong with their system
apparently it's explained in their faq that they indeed do not have a proper order matching system, as someone posted on reddit:

Quote
hashaddcit 2 points 20 days ago
it's in the FAQ: Q: I submitted a sell/buy order and it hasn't been fulfilled, what's wrong? A: While the trading engine works for most trades, certain ones will not work as expected. The trade engine has the following limitations: The trade engine will trade only with orders that match your desired trade rate. This means that if you submit an order with a rate of .10, it will only match with other orders with a rate of .10, not .12 or .08. There is no dynamic rate calculation present right now in the Crypto Rush trade engine. We are sorry for causing any inconvenience with this method. Please keep this in mind while trading, and that it's not a bug but still being worked on while Crypto Rush is in Beta. Additionally, the following information will help you understand how the trade engine works. The system works around the FIFO (First In, First Out) algorithm, having priority given to orders older than your order. Upon submitting a new order, the system searches for orders of a higher amount than what your submitted, listing oldest first. If it finds a match, your order gets queued and won't be fulfilled, unless yours is the only order. If a higher order is not found, all orders lower than the amount you submitted will be found and listed oldest first, and will be fulfilled up to the amount of your submitted order.
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and someone's subsequent reply which has a good warning of what I was about to write:
Good to know. Unfortunately, proper price matching is a requirement in an exchange, not a feature. So, while it might not be a "bug", it makes the exchange very dangerous to use for trading and easier to manipulate. I'll not be using it further. Recommend those of you that do, do it with extreme caution


basically, trade on cryptorush at your own risk
full member
Activity: 224
Merit: 100
what's the deal, why no market order matching system? Should have had one before launching. Pretty much a must have if you want to be taken seriously as an exchange.
Other than that your exchange seems to run smoothly.

Saw someone pay 10x market rate for mazacoin today and spent 1 btc because he entered the wrong amount, poor bastard. This wasn't the first time either lol.


This is a serious bug and many people have lost money because of the buggy order matching.

Apparently this was known a month ago: http://www.reddit.com/r/CryptoMarkets/comments/1xpyoo/warning_cryptorushin_processes_orders_incorrectly/

but they claim that is not a bug (!!)

This exchange seems to be run by amateurs...with this level of expertise they will be hacked soon...

oh, i accidentally stumbled on a similar thread the other day saying the same thing: http://www.reddit.com/r/CryptoMarkets/comments/1xz34r/do_not_use_cryptorushin/

 I don't think it is a bug, probably just that they lack an order matching system and too cheap / no money to afford one / haven't found a good one yet / don't know how to implement one. Where do you even get a program like that? Google search shows no results.

 Site must be run by a kid or someone without knowledge of how stock markets work. This is a serious problem that needs to be fixed before they keep adding more shitcoins, or i guarantee someone's gonna end up in a similar place as gox
legendary
Activity: 2506
Merit: 1030
Twitter @realmicroguy
Goldcoin (GLD) is also coming out with its new multi-platform Java client soon.

This would be a great time to get it added to the exchange!  Cheesy
sr. member
Activity: 465
Merit: 254
GoldCoin is one of the original alt coins, having been around sine June 2013. It has a great name, a community, and some active and novel development going on, as well as a wide range of business interest.

Only 30,036,245/123,423,900 coins have been mined, so most of the coins are still out there waiting to be discovered!

Here is the official site: http://www.gldcoin.com
Forum: https://www.gldtalk.org
Bitcointalk thread: https://bitcointalksearch.org/topic/goldcoin-glc-thread-the-gold-standard-of-digital-currency-official-thread-317568

Please add it to CryptoRush!
sr. member
Activity: 311
Merit: 250
what's the deal, why no market order matching system? Should have had one before launching. Pretty much a must have if you want to be taken seriously as an exchange.
Other than that your exchange seems to run smoothly.

Saw someone pay 10x market rate for mazacoin today and spent 1 btc because he entered the wrong amount, poor bastard. This wasn't the first time either lol.


This is a serious bug and many people have lost money because of the buggy order matching.

Apparently this was known a month ago: http://www.reddit.com/r/CryptoMarkets/comments/1xpyoo/warning_cryptorushin_processes_orders_incorrectly/

but they claim that is not a bug (!!)

This exchange seems to be run by amateurs...with this level of expertise they will be hacked soon...
full member
Activity: 180
Merit: 100
I want to deposit BTC buy an alt and withdraw the alt is this working and doable or not? If its working but with delays what are the delays?

I wanted to buy huntercoin (highly recommended, its going to be big) so I just used Poloniex, it works well.
full member
Activity: 224
Merit: 100
what's the deal, why no market order matching system? Should have had one before launching. Pretty much a must have if you want to be taken seriously as an exchange.
Other than that your exchange seems to run smoothly.

Saw someone pay 10x market rate for mazacoin today and spent 1 btc because he entered the wrong amount, poor bastard. This wasn't the first time either lol.
full member
Activity: 180
Merit: 100
I want to deposit BTC buy an alt and withdraw the alt is this working and doable or not? If its working but with delays what are the delays?
full member
Activity: 252
Merit: 100
Its Elementary.. please add Sherlock Coin!
newbie
Activity: 10
Merit: 0
this is the shittiest exchange there is. stay away  Angry Angry Angry
hero member
Activity: 690
Merit: 500
PLS ADD STY COIN!!
hero member
Activity: 826
Merit: 1000
see my profile
These order table are drunk:



Sell orders lower than buy orders? I don't get it.
newbie
Activity: 32
Merit: 0
Why did my Bitcoin balance just drop to zero?

I was wondering this, also.


All good now.
newbie
Activity: 21
Merit: 0
Why did my Bitcoin balance just drop to zero?
member
Activity: 70
Merit: 10
you do realise the whole btc blockchain has been slow not just on this exchange
sr. member
Activity: 296
Merit: 250
add please corgicoin Wink Wink Wink
full member
Activity: 434
Merit: 100
Been waiting for hours for my btc to show up.  Not sure why the exchange takes so much longer than other sites.

Like the guy above said, decisions need to be made quickly in trading.  Waiting an exceptionally long time for your deposit costs money.
full member
Activity: 144
Merit: 100
yeah, no replay either from you...

screw you guys... I pay fee and cant withdraw coins or deposit them... could sell AUR @ 160.. now its 90... whos gonna compensate that?

Over 2h of waiting for notnig. Hope someone screw u2..  Kiss
full member
Activity: 144
Merit: 100
My deposit also stucked?!

wth

replay to my mail:
[email protected]
hero member
Activity: 814
Merit: 1000
Please add corgicoin!
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