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Topic: Is Cryptopia Reputable and One of the Best? (Read 597 times)

legendary
Activity: 3472
Merit: 3507
Crypto Swap Exchange
March 28, 2019, 10:19:32 AM
#44
It's not safe to trade here anymore, after the recent hacking there will be no second chance for this exchange, you can trade your coins here if you cannot find an exchange to your coin but trade immediately then leave, their reputation is badly tarnished because of the hacking incident.
Once being hacked then its normal for its users and spectators to lose interest to trade here anymore but as being said
if your altcoins is mainly traded up only into this place then you wont really have any choice but as long you have sell and converted
then better to get out asap rather than to wait for an another incident.


So stands to reason those users holding coins that are not easily traded elsewhere might stay but those trading top level coins have a wide selection of exchanges to go choose from should they feel unsafe and want to move.

I still think it is much better to hold any coins in his default official wallet. Exchanges are just for trade.

I was a user of cryptopia and a few days ago cryptopia got hacked. I lost most of my coin form cryptopia and so why dont like this shit exchange. here more details about the hack: https://www.newsbtc.com/2019/01/15/breaking-crypto-exchange-cryptopia-hacked-police-starts-investigation/

I woud suggest you use Binance instead of cryptopia.because it has most of the volume and binance is mostly safest exchange.you can trust binance with your balnce.but don't hold your coin at the exchange.

what is your suggestion for coins which is not listed on Binance? what to do in that case?
Many of Altcoins was listed on Cryptopia but not on Binance. For some small communities, Binance have a too high listing fee and Cryptopia have them the opportunity to go on to the market.
legendary
Activity: 2534
Merit: 1713
Top Crypto Casino
It's not safe to trade here anymore, after the recent hacking there will be no second chance for this exchange, you can trade your coins here if you cannot find an exchange to your coin but trade immediately then leave, their reputation is badly tarnished because of the hacking incident.
Once being hacked then its normal for its users and spectators to lose interest to trade here anymore but as being said
if your altcoins is mainly traded up only into this place then you wont really have any choice but as long you have sell and converted
then better to get out asap rather than to wait for an another incident.


So stands to reason those users holding coins that are not easily traded elsewhere might stay but those trading top level coins have a wide selection of exchanges to go choose from should they feel unsafe and want to move.
full member
Activity: 680
Merit: 101
I have a cryptopia account that I created two years ago, but first I didn't have KYC policy, and now I rarely trade with in exchange for cryptopia.
I just heard this news now and now I will try to monitor it
hero member
Activity: 986
Merit: 516
I was a user of cryptopia and a few days ago cryptopia got hacked. I lost most of my coin form cryptopia and so why dont like this shit exchange. here more details about the hack: https://www.newsbtc.com/2019/01/15/breaking-crypto-exchange-cryptopia-hacked-police-starts-investigation/

I woud suggest you use Binance instead of cryptopia.because it has most of the volume and binance is mostly safest exchange.you can trust binance with your balnce.but don't hold your coin at the exchange.
hero member
Activity: 2996
Merit: 609
It's not safe to trade here anymore, after the recent hacking there will be no second chance for this exchange, you can trade your coins here if you cannot find an exchange to your coin but trade immediately then leave, their reputation is badly tarnished because of the hacking incident.
Once being hacked then its normal for its users and spectators to lose interest to trade here anymore but as being said
if your altcoins is mainly traded up only into this place then you wont really have any choice but as long you have sell and converted
then better to get out asap rather than to wait for an another incident.
legendary
Activity: 2534
Merit: 1713
Top Crypto Casino
Before the hack i would say it is a trustworthy and reputable exchange. As it is registered in new zealand rather than panama it can be trusted. It is not one of the best as it mostly trades shitcoins, but it does work and people that were hacked got refunded.

Well if it has an chance of being successful or reputable it needs to make amends for the hack and assure users that it will not happen again.

The hack has put many users off and most of the very few customers it had have decided to go elsewhere


sr. member
Activity: 2156
Merit: 323
Before the hack i would say it is a trustworthy and reputable exchange. As it is registered in new zealand rather than panama it can be trusted. It is not one of the best as it mostly trades shitcoins, but it does work and people that were hacked got refunded.
Of course they are losing customers trust and traffic. I don't think it's safe to start using it again. I don't trust any of the exchanges out there. I do not believe there are any legit exchanges either. Hacked! simply a convenient way to cover up and steal people's money, isn't that?
full member
Activity: 630
Merit: 100
Before the hack i would say it is a trustworthy and reputable exchange. As it is registered in new zealand rather than panama it can be trusted. It is not one of the best as it mostly trades shitcoins, but it does work and people that were hacked got refunded.
full member
Activity: 579
Merit: 102
To be honest, I do not trust this exchange and the hacker attack showed that the security level of this exchange leaves much to be desired and, accordingly, I cannot recommend this exchange for trading.
legendary
Activity: 2534
Merit: 1713
Top Crypto Casino
It's not safe to trade here anymore, after the recent hacking there will be no second chance for this exchange, you can trade your coins here if you cannot find an exchange to your coin but trade immediately then leave, their reputation is badly tarnished because of the hacking incident.

I agree. That is precisely what I suggested.
sr. member
Activity: 2030
Merit: 269
It's not safe to trade here anymore, after the recent hacking there will be no second chance for this exchange, you can trade your coins here if you cannot find an exchange to your coin but trade immediately then leave, their reputation is badly tarnished because of the hacking incident.
legendary
Activity: 2534
Merit: 1713
Top Crypto Casino
Prior to the hack when i used it there was no requirement for KYC. I haven't used it since the hack and it is quite possible that they have changed their policies to be more stringent

I do not see it as a good move for anybody to trade, better to get your coins out as soon as they are able to then use another exchange.

Better to be safe and avoid Cryptopia until concrete announcements are made about what happened and who might have done it along with "how" the hack took place.

With all that information on hand users can decide if they want to use Cryptopia again or not.
full member
Activity: 630
Merit: 100
Prior to the hack when i used it there was no requirement for KYC. I haven't used it since the hack and it is quite possible that they have changed their policies to be more stringent
legendary
Activity: 2534
Merit: 1713
Top Crypto Casino
I will never use Cryptopia again. No longer trust them and anyway they were hardly the best when it was active before the "hack"

After all, using Cryptopia only if I have altcoins listed only there, exchange it and withdrawal immediately.
it will take a long time to gain confidence again

Agree with you.

Cryptopia might never regain the trust of the community again
legendary
Activity: 3472
Merit: 3507
Crypto Swap Exchange
I will never use Cryptopia again. No longer trust them and anyway they were hardly the best when it was active before the "hack"

After all, using Cryptopia only if I have altcoins listed only there, exchange it and withdrawal immediately.
it will take a long time to gain confidence again
legendary
Activity: 2534
Merit: 1713
Top Crypto Casino
I will never use Cryptopia again. No longer trust them and anyway they were hardly the best when it was active before the "hack"
IMO,crypto almost prepared for the exit scam before the scam was happened but later they said that it was security breach but I still think that Cryptopia planned this earlier stage itself when people starts to lose their trust because of issues happened with every withdrawal from that exchange.

I disagree. It was next to impossible for this to be a concerted and planned attempt at collusion by the main board members to scam.

A quick search online shows Cryptopia owners having excellent reputation for honesty and not many people believe it was a scam carried out by the owners. Somehow, though, it seems 10% of the funds were stolen.

I hope in the coming days they elaborate how the scam was carried out so we all can learn to protect ourselves better.
full member
Activity: 1498
Merit: 146
I will never use Cryptopia again. No longer trust them and anyway they were hardly the best when it was active before the "hack"
IMO,crypto almost prepared for the exit scam before the scam was happened but later they said that it was security breach but I still think that Cryptopia planned this earlier stage itself when people starts to lose their trust because of issues happened with every withdrawal from that exchange.
legendary
Activity: 2534
Merit: 1713
Top Crypto Casino
I will never use Cryptopia again. No longer trust them and anyway they were hardly the best when it was active before the "hack"
full member
Activity: 1498
Merit: 146
They are just opening the site as read only mode and I think users can see the balance even if they got theft from the recent hacks because they just loaded with the previous data from before hacks happening so it is nothing changes and made the people to trust,of they can refund the lost amount then it might have some reputation.
member
Activity: 123
Merit: 10
Does Cryptopia have a KYC policy?

I would like to register on a crypto exchange and transfer some coins on it. Then I would like to make some trades.

At no point would I want to use the crypto exchange to convert coin for FIAT but I would like to keep them with a safe. Then at some point I will transfer the coins to my desktop.

I am looking for a crypto exchange that will not ask for my ID to transfer coins in or out.

I would appreciate advice please. I see on their website they purchased Nova Exchange so hopefully they will not do a Cryptsy.

I don't think cryptopia is one of the best out there but yeah, I think its on the average compared to other shabby trading platform. I think one of the reasons its so popular is its ease of use. As a newbie, when I first started trading its one of the first platforms that I used and within a day or two I was able to browse around comfortably within the whole platform. The UI is simple yet very versatile and easy to use, which is very good since what we simply want is to trade successfully.
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