Bitcoin Forum

So after the great cock up of yesterday,
Cryptsy sending a "wallet maintenance" message, followed by a "all wallets are down currently" and ending with the Cryptsy site going down for a few hours. My question to everyone is: Is it safe to return to Cryptsy's markets or is it just too risky?
Also, does anyone actually know what is going on with Cryptsy's system and why it all went to shit for a few hours?

Rumors floating around that they have some FBI issues

I would not start depositing money now. Wait and let time decide if cryptsy is still a good exchange.

Currenty the existence of cryptsy is very insecure.

Glad I don't have big amounts on cryptsy. Best to stay far away from it and follow the news about it.

Honestly cryptsy was never a good exchange to start with, they always had problems and people generally didn't like cryptsy so I see no point in using cryptsy especially after what happened, you can definitely find way better exchanges than cryptsy out there.

With all the recent negativity and potential investigations I think it would be best if you waited a while until the dust settles before using them again, you will find other exchanges just as good if not better.

Bittrex, Poloniex are very solid exchanges. I heard BTC38 is also good, but I never tried them.

From bittrex i know they offer a fast support, but rumours has it they are (like c-cex) behind a lot of altcoins scam. So yes choose carefully and wisefully.

I would advice to do this. There are too many insecurities right now with cryptsy. It could even happen they don't exist in 3 weeks.

For now try to get as much out and hope you did the right thing. If not you still lose nothing.. since you didn't sell.

Reading this thread and other threads regarding crypty's trustworthiness, I think it is time for me and cryptsy to depart.

There is no way this is not harming them.

I would highly suggest not depositing or using crypsty until its been confirmed they are no longer having errors and one of the owners clear up exactly what the problems were.. I know the site was facing insolvency issues and that in my opinion is a huge red flag for an exchange.

Please do some research of your own of course. Its imperitive you make your own decisions on this forum rather than follow the herd.. Generally the herd tends to lead you into doom in these parts.

Crypsty in my opinion isn't safe to use right now, Nor is any exchange really.. To many mt.gox memories around here to trust anyone.

Withdrawing be a hassle to. Try to use transactions less then 25 dollars in BTC.

I am not sure if they have a limit for altcoins, but try it first with 1 altcoin, before you withdraw everything.

Right now you can only withdraw $25 worth of coins total. So $10 in LTC and $15 in BTC would be your daily limit. I just read on another thread that its $100 a month total as well. If this is true I think that the second that deposits for a week are under the withdraws for that week they are going to shut down. $25 is so insulting its disgusting. A lot of people who are trading alts still use the site because of the volume and its really sad to see so many people about to get F'ed.

Whatever happened to "Never get Gox'ed again". Unfortunately with the whole $100 per month withdraw limit I think Im actually about to get Gox'ed again.... And I'm starting to hate crypto all over again. I work too hard at this to keep giving it all to scammers. I now have to re-evaluate if I should just sell off and quit this whole mess altogether while I still have anything at all.

BTW. I don't keep a lot of money on exchanges, but I have to transfer BTC in and out at least a few at a time to make the trades I want to do, so don't go blaming me for that. I used to be able to take out 20Btc+ per month if I wanted to and this $100 limit came from nowhere. With $100 a month in withdraws people can't be expected to use this site anymore.

I always tell people that ''never store coins in exchanges'' thing is not always possible, specially if you are a trader, how do you expect not to have coins in exchanges. Unfortunately you can never be safe with bitcoin exchanges since most of them are not regulated. This is why not many people use bitcoins.

Since you have many other option to move then i would suggest to not use cryptsy again.
Not that i have anything agaist them but leave them for a while and go back when you think its the best time.
As much as i know most of the exchanges have the same rates as the cryptsy has so maybe moving to poloniex would be better.

Cryptsy was never good exchange as per my personal experience so many times my withdrawal request got delayed for a long time and that is the reason i give up this and move to bittrex they are providing best service with fast withdraw and quick support.

We all need Cryptsy fully working and secure.
Stop spreading gossips  please , let them sort out their problems.

No one can guarantee that. If you still have bitcoin there better to withdraw quickly.

But if you still want to trade there, do it with low amount of btc

I sure don't need CrEEps,See?, so you can feel free to revise your sweeping statement.

Most of the things here are based on facts;
- 25 USD withdrawal limit
- Wallets being closed (server down)
- Withdrawal review by cryptsy staff
- The extra wtihdrawal fee

etc. etc.

So no it's not gossip. I agree there is a lot of fear going around, and people are just being scared. It's our duty as a community to warn people.. with the truth..

i never had problems with cryptsy besides slow withdraws all was ok, at least for me; I withdraw all my money from them some weeks ago, i dont know if you can consider them safe now, but from what im reading at his trollbox and here with some new threads, i will not come back yet to that exchange.

Lets w8 a little bit more to come back again...i am perhaps too wary, but i dont want to risk anything.

edited: his withdraws are just something like a joke.... thats another bad point for them...

The cryptsy seems to be normal again. Let's hope they take this chance to restore their normal withdrawal fee and win customers trust back.

Right now they have to come up with some promotion.

Guys, guys I suggest that whoever has any money over there, gets their coins out of the exchange for good! Don't you see where is this going?! Cryptsy is a done deal, it's just a matter of time!

You don't just recover out if this mess! You all have been warned!

Do you really have to use Cryptsy? I think Poloniex is greater exchange, they have most of the altcoins too. I use them for DASH, DOGE, XMR generally but I can find smaller altcoins in the site too. I stopped using Cryptsy long time ago. They have nothing but trouble.

Don't let these scam artists trick you into putting faith and believing in them again.
Once bitten twice shy. Isn't that how the song goes from the band Great White?
They won't hesitate to lie to steal a few coins more from their customer base.

WIsely spoken. Cryptsy was going doing since the start of the year. Now they can't cope up anymore with their little scheme's. It makes no sense to trust them now, or in the future.

The site was down again with no warning for the last few hours, just came back up. I was worried I wasn't going to get my last BTC out... at $100 a month it looks like I have a while to go and hope they hold out till then. Are they circling the drain?

there are so many exchanges nowadays, don't stick with one of the shadiest. just move to poloniex or any other exchange...

lot of people talking about cryptsy isn't safe any longer and i heard that all withdrawals are pending since 2-3 days

Not all exchanges are safe. F.e. I would never use Yobit, c-cex and btc-e. The country they reside makes it very hard to take legal action when they steal my money.

to be honest, every centralized exchange can scam and run.

if you want real security, move to bitshares' decentralized exchange, or BC exchange (once ready)

Is the site up again for you? I can't reach them since more then 10h.

Craptsy is as safe as you want them to be... as long as you want them to be unsafe that is...  My opinion.  Maybe not yours.  I don't care.

Its completely down, looks like we have another MT.gox ahead of us ::)
My condolences for the peoples who still have their money on cryptsy
If the site actually managed to go back up, i suggest to withdraw your money fast before they went down forever ;)

This just in from Creeps, See world headquarters in sunny Del Ray Beach, Florida, where they are totally not under siege by Federal Investigators.

Big Vern has issued this press release to reassure depositors:

https://i.imgflip.com/upkfz.jpg

hmm.. also got really nervous today.. but site is back online.. requested withdrawal for every coin..
and the first withdrawal worked without problems:
0.1 BTC in DOGE @ 2015-11-25 09:02:47

other coins are still "pending"

I was told by support that BTC\LTC\BTCD withdrawals are extremely slow. So I converted my BTC into other alts and withdrawal went ok for me. Fact that some alt withdrawals are still working without any problems is encouraging, but I wouldn't deposit coins into Cryptsy at this point for sure.

Thanks for the heads up. I will tell my friend who can't withdraw his btc from Cryptsy.

Which alt has a lot of volume?

Hmm thnx. Let me try that. I heard ETH had some nice volume their.

P.S. Is there no waiting time or 1 hour or so? I dont' want to sell at loss and then find out it was for nothing?

DOGE has a decent volume. I've used DGB, but had to wait for a bigger sell orders to show up to avoid slippage.

This is the best alternative to withdraw the money from an exchange, even though you can lose at least 0.4-0.5% in exchange fees when converting back but it worth not to wait. I haven't used cryptsy for a while hope they will solve these issues asap.

I would be very wary of cryptsy at the moment. All the issues, bitjohn leaving their team, it is all just looking too suspicious.

Luckily I was able to get all my funds out, the only thing that was difficult was litecoin, but some smaller coins are easier to withdraw. Try those if you are having trouble.

The easily withdrawable alts are trading at a 5 to 10 percent premium on Cryptsy lately.

Well i mean at least 0.25 percent is the exchange fee if you sell at the same rate as you buy an alt coin (which is not possible at the same time) and then converting back to bitcoin, but i think that this is much more better than waiting for cryptsy support to proceed your order, the bitcoin price chances very frequently.

I agree, but it shows the extent of Cryptsy's issues.

I got just about everything out except a bunch of UTC which are in maintenance and no market dept to sell them.

DASH payout happened :) ( 2 days delay )

I would rather take a 10% loss and have any coins in my wallet today or in the other exchange address than wait for them to process withdrawals that I wish to have for days or even weeks, and maybe not ever get them!

But that's me!

my btc (0.65) still pending after 5 days, i know it will come eventually but I doubt any time soon. I will wait in meantime.

I wouldn't count on it... I would say hope that you'll get your coin.  Good chance you'll get it but I wouldn't say it's a guarantee with all their issues going on.

some hours ago i do arbitrase dogecoin, buy from Bittrex at 37sat and sell at cryptsy at 39sat
but im very angry my bitcoin withdraw very long time  >:( >:( >:( >:(
also the fee withdraw is very high 100.000satosi + 0.5%

IM NOT RECOMENDED TO USE CRYPTSY AGAIN

I honestly don't trust any of my money on that exchange.I've heard many people having issues with withdrawals and down-time maintenance issues. It is always too many to count. There is a reason why people call it Craptsy.

now Im waiting My withdraw pending more than 30minutes F*cking cryptsy >_<
Im not see this thread before i trade at cryptsy and "I will not use cryptsy again"

There's a dude that have been waiting for about 5 days now
Expect yours to be the same too :(

May i know the number of coins you tried to withdraw ???

Never put your coins at exchange because there might be a similar situation like this in the future

An exchange that does not have a good support service that is not a good exchange, people are in hurry or need urgently the money and that's they withdraw from exchange and delaying the payment that is the worst case, from now i will not use cryptsy ever.

this is my pending Withdraw
https://i.imgur.com/sIfPDLm.jpg
i contacted support and i ask him to cancel my withdraw, i think i will buy Dogecoin and try Withdraw use it, because some people get succes withdraw with dogecoin

Well it doesn't matter if you pay 10% more for something you can't get out of the exchange

Apparently withdrawals of some alts are working without any delays and difficulties. I would then exchange to these alts and withdraw them even if I have to take 10% loss.

Their withdrawals are automated and probably alts that they have enough are successfully processed right away. Pretty much the whole exchange is working as one big fractional reserve pyramid until it doesn't collapse completely!

nice idea :)
You can try to change it to LTC or Doge and see if it work ;)
Please give us updates whether or not withdrawing to Alts does work automatically :)
I got few bits stuck on cryptsy too, oh well it's not really that much anyway :P

forget about cryptsy and find another exchange because so many good and trustworthy exchange among us
such a bittrex,poloniex or etc

i got some bucks stucked too :(

Cryptsy was always safe. The thing is they ahave an army of trolls picking on them all the time. Of course they sometimes have some troubles and some other issues, but they are legit.

Buggy UI and service made me quit on using cryptsy. It is legit, yes, but the way they handle their customer's concern is kinda iffy, usually takes 8 hours or so before they can reply to queries (based on my experience.)

if you think so, buy my 20 millions of doge,

they are in sell at 37 on bittrex,

and sell it easy at 39 on crypsty, do it for 5% without any risk  ::)