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Author Topic: WARNING ABOUT CRYPTSY  (Read 2416 times)
BitCoin Operated Boy
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September 29, 2014, 04:01:34 PM
 #21

Security inefficiency is not an excuse to hold someone's BTCD for 48 hours. It's already quite established crypto. Other major exchanges don't have problems with withdrawals. They process them immediately
BitJohn
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September 29, 2014, 04:39:45 PM
 #22

Security inefficiency is not an excuse to hold someone's BTCD for 48 hours. It's already quite established crypto. Other major exchanges don't have problems with withdrawals. They process them immediately

I was giving a list of reasons it could be held for 48 hours. Seeing as how you received them it was likely for one of those reasons. Other exchanges rampantly are hacked and bled dry and/or wander off with your cash/coins. Cryptsy is the oldest altcoin exchange (next to BTC-e) and still going strong. Though we would like to avoid some of these issues to protect funds we occasionally have users that experience delays.
BitCoin Operated Boy
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September 29, 2014, 09:39:04 PM
 #23

Security inefficiency is not an excuse to hold someone's BTCD for 48 hours. It's already quite established crypto. Other major exchanges don't have problems with withdrawals. They process them immediately

I was giving a list of reasons it could be held for 48 hours. Seeing as how you received them it was likely for one of those reasons. Other exchanges rampantly are hacked and bled dry and/or wander off with your cash/coins. Cryptsy is the oldest altcoin exchange (next to BTC-e) and still going strong. Though we would like to avoid some of these issues to protect funds we occasionally have users that experience delays.

Ok, I will keep using and see.
Thanks for response.
blumangroup
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October 02, 2014, 12:54:25 AM
 #24

Security inefficiency is not an excuse to hold someone's BTCD for 48 hours. It's already quite established crypto. Other major exchanges don't have problems with withdrawals. They process them immediately
I wouldn't necessarily call what bitjon was describe as inefficiencies, but rather precautions that would protect your money at the end of the day.

IMO it is a good thing for a withdrawal to take a long time when a third party controls the private key to your coins. The longer it takes them to process a withdrawal, the longer you will have to stop it in the event your account is hacked

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