Author

Topic: BEWARE: Cryptsy is a Scam and will eventually shut down and hold balances (Read 3670 times)

member
Activity: 63
Merit: 10
Been using it for a few weeks with no problems.  Undecided
sr. member
Activity: 896
Merit: 272
Undeadbitcoiner Will not DIE until 1BTC=50K
Guys why are you worried? Cryptsy is a better platform and they have a huge amount of users and a lot of Log so sometime it took long time.
I have also faced such problems sometime deposit late and sometime withdraw late and sometime coin disappearing but when such thing happens we could trig sometime ourself and sometime they trigger the audit and everything comes on the position.

Must be patient guys, Even smaller exchanges have such problems cryptsy is a higher exchange holding lots of coin.
Good Luck
legendary
Activity: 3192
Merit: 1279
Primedice.com, Stake.com
I don't see the incentive for them to scam, they are a massive investment backed exchange and make solid profit. Probably just incompetence.
full member
Activity: 224
Merit: 104
I haven't had any major problems at cryptsy. Yes it's very slow and you could argue that cost me money but everything always shows up. I think they have too many customers or have a bad software package. They don't trade to money so I doubt they would be shut down.
hero member
Activity: 980
Merit: 500
FREE $50 BONUS - STAKE - [click signature]
Are they not a registered company?

I second this question.

If btc-e or bitstamp dies - there may be repercussions, and they will be forced to make amends in one or another way.

If cryptsy is hosted in bigverns garage - he might be tempted to cash out with jackpot someday.
sr. member
Activity: 938
Merit: 255
SmartFi - EARN, LEND & TRADE
Are they not a registered company?
hero member
Activity: 980
Merit: 500
FREE $50 BONUS - STAKE - [click signature]
It's not a scam per se, but works quite badly.

If there would be a worthy competitor, people would change horses in no time. But currently there is not.
full member
Activity: 224
Merit: 104
I've been ok using cryptsy.  Yes it's slow and I don't deal with a lot of funds so that might be why I'm fine with them.  I know if I was a day trader I would be more upset though, because time is money (like you said, the GLD went up in price and you missed out because the funds were gone).  I've never had money disappear or anything and I have withdrawn without any problems.
newbie
Activity: 32
Merit: 0
I don't think they are a deliberate scam.
Ive lost coins three times in the past two weeks and after politely using the support ticket and not spamming them, accounts were put back in order.
That being said, It makes for piss poor day trading (cancel an order and you crash the server). They really need some decent programmers in there.
 Ive withdrawn my funds successfully yet Ive not given up hope for these guys in the future.
member
Activity: 63
Merit: 10
I don't have 6 BTC tied up in GDC but I have a nice chunk tied up. I was hoping to get some info from the official GDC thread here but nothing. If there are any updates please share them in this thread.
legendary
Activity: 1736
Merit: 1029
Cryptsy is quite pissoff IMO, I bought a couple thousand GLD which then disappeared, I contacted support with no answer.  I bit ticked off, since GLD just rose by 20% the time I found out I lost all the coins.
full member
Activity: 163
Merit: 100
Amazon for BTC
Sent 500 sexcoins yesterday, first day using cryptsy and they never arrived to my account.
Fucking scams
jr. member
Activity: 32
Merit: 10
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