Cryptsy is simply the WORST p.o.s. to exist in the crypto exchange community, and I speak from experience.
I have used b-ter, coinex, btc-e and vault of satoshi without any issue.
My experience with Cryptsy within just 4 days of being a new customer:
- server crashes with an error that the site is unavailable (6 times now)
- failure to login (says a security error occurred)
- withholding my money when I cancel a transaction (up to 45 minutes for it to come back to online wallet)
- withdrawals sit in a 'processing' state for 15 or so minutes, every other exchange sends immediately
- deposits can take up to 3 days to reflect
- session error message when trying to login today
- their forum is full of over 100 similar complaints from dozens of members missing funds
- they have to actually create an 'audit' feature to find the missing funds (absolutely ridiculous, how many exchanges do you know NEED an audit feature to find your money)
- various currency wallets taken offline for 'maintenance'
Yet Mr. Vernon remains silent, no apologies or explanation of how he will fix these server issues - just an excuse of over capacity users. If this guy had any business sense he'd suspend his trading fees or give all members extra Cryptsypoints for this dismal and pathetic service. Forget about offering prizes such as I-Pods, and spend the money on the crumbling infrastructure for God's sake. This may come across as harsh but from a customer perspective this is intolerable. Your money is not there when you need it, the site is down when you require it - and that's why I'm done with them.
In my opinion people should run, not walk, away from this service.
Here is what Cryptsy should do if they weren't so greedy. Get rid of coins noone needs and leave them to be traded elsewhere. I would announce to stop the trading of the following currencies (maybe give 2 weeks notice) as a decent exchange would do. I'm convinced Cryptsy would work like a charm, and actually be able to grow their business. But as I see it, Cryptsy is much like most of these in this list....a pump and dump operation in order to make quick cash.
WTF coins:
AlphaCoin
AmericanCoin
AndroidsTokens
BBQCoin
BitBar
BitGem
BottleCaps
ByteCoin
CasinoCoin
CHNCoin
ColossusCoin
CopperBars
CopperLark
Cosmoscoin
CraftCoin
CryptoBuck
Diamond
Doubloons
ElaCoin
ElephantCoin
Emerald
EZCoin
FlorinCoin
Franko
FreiCoin
Galaxycoin
GameCoin
Globalcoin
GoldCoin
GrandCoin
HoboNickels
HyperCoin
InfiniteCoin
JouleCoin
JunkCoin
KrugerCoin
Lucky7Coin
LuckyCoin
MasterCoin
MegaCoin
MemeCoin
MinCoin
NanoToken
NeoCoin
Netcoin
Nibble
NoirBits
NovaCoin
Orbitcoin
PayCoin
Pennies
PhilosopherStone
PhoenixCoin
ProtoShares
Quark
RedCoin
RoyalCoin
SexCoin
Spots
StableCoin
StarCoin
TagCoin
TekCoin
Tickets
XenCoin
YaCoin
ZetaCoin
Edit: Perhaps it's time to stop complaining and to start switching exchanges: If want to earn interest for your BTC, LTC and PPC, try Vircurex. (If you wish, pls use my referral link in signature)
Vircurex looks less cool, but has been reliable for years. Only issue used to be low volume, but perhaps this will change now.
They trade Bitcoin, Digitalcoin, Litecoin, Devcoin, Freicoin, Feathercoin, I0coin, Ixcoin, Namecoin, Novacoin, Peercoin, Quark, TRC, WDC, and Primecoin. More than enough coins imo.