Coinex.PW vs Cryptsy

[TehLuNaTiC]

Whats the best site for exchange according fee's ?
What you people use / suggest ?
I can see that Cryptsy got a lot more volume of coins... is that necessary good ?

Thanx in advance

[suchnoob]

coinex.pw

+ fast
- low volume for certain coins

cryptsy

+ high volume
- high transfer times. Sometimes you'll be waiting your coins for hours, even days.

[TehLuNaTiC]

Thanx a lot ... what about fee's ?

[suchnoob]

Thanx a lot ... what about fee's ?

Coinex all the way. Cryptsy fees are at least 2-3x higher and they tax when you place the bid. Coinex taxes the transaction.

[RJX]

coinex slows down my pc for some reason. could be due to massive amounts of orders tho, in Chrome it's slightly better.

[TehLuNaTiC]

thanx a lot for info

[samysamy1]

Thanx a lot ... what about fee's ?

Coinex all the way. Cryptsy fees are at least 2-3x higher and they tax when you place the bid. Coinex taxes the transaction.

What do you mean? When you cancel the bid you get all your coins back (incl. fees) or did I miss something?

[dre_2ooo]

Fucking coinex has a MOON order of mine holding up all my Mooncoins, but the order is not cancellable nor is it even listed in the sell orders.  They are in limbo.   

You can't see all your open orders unless you're looking directly at that order's general exchange screen. Your balance is shown as zero if you have coins held in an open order, but you won't ever know what coins you have orders open for unless you just know.  If you forgot about an order you placed a few days ago, too bad, your balance is zero.  They must be banking on people forgetting what open orders they have and then siphon off those forgotten-about coins.

Unless I a complete fucking retard and missing something glaringly obvious, I won't be using this joke of an exchange.

[DrGoose]

I am a long time trader on most exchanges, and as of right now Cryptsy is way better than coinex.pw.

Coinex trading history disappear after a while, so unless you write down everything, you loose track of what you did.

Worst, coinex.pw support is really bad. All my coins withdrawal fail since one week because TFA is not working anymore for me (works fine on other exchanges),

Coinex.pw support is not following up.


Update 3/20/14: It has been one month now and coinex.pw is still preventing all withdrawal on my account. This is ~4 BTC worth. support is not following up.

[MarcoTC]

Coinex all the way. Cryptsy fees are at least 2-3x higher and they tax when you place the bid. Coinex taxes the transaction.

If that is true, that's against all trading principles out there.
I really doubt that. I don't think it's even possible. How would they calculate fees when the price isn't matched? e.g.. a 'best price' trade?

Cryptsy has the volume. And volume is good.
The main issue with Cryptsy is that their software is so full of bugs. And they're slow with deposits, withdrawals and even order placement.

[DrGoose]

Coinex all the way. Cryptsy fees are at least 2-3x higher and they tax when you place the bid. Coinex taxes the transaction.

This post is just plain wrong. I advise people to check with the exchanges to get the facts.

As of right now:

Coinex is 0.2% sell and 0.2% buy
Cryptsy is 0.3% sell and 0.2% buy

Cryptsy does not charge for placing orders... the fee is a percentage on all/portion of the transaction *filled*. Like everyone else.

[Armis]

Coinex all the way. Cryptsy fees are at least 2-3x higher and they tax when you place the bid. Coinex taxes the transaction.

This post is just plain wrong. I advise people to check with the exchanges to get the facts.

As of right now:

Coinex is 0.2% sell and 0.2% buy
Cryptsy is 0.3% sell and 0.2% buy

Cryptsy does not charge for placing orders... the fee is a percentage on all/portion of the transaction *filled*. Like everyone else.

thanks for that info.

question, I can't seem to find the fee schedule anywhere on coinex,  would you have a link

[rikkejohn]

Coinex is very bad at the moment, deposits and withdrawals often not happening, no response from support. Something is pretty screwed up there. Hopefully it just that the exchange is swamped and can't keep up.

[Armis]

Coinex is very bad at the moment, deposits and withdrawals often not happening, no response from support. Something is pretty screwed up there. Hopefully it just that the exchange is swamped and can't keep up.

Ahhhhh, dammm, ... first of all thank you for your quick reply, 2ndly, thank you for the info.

this just reinforces the need for more accountability, responsibility, and transparency from service providers;
in this absence of information we are supposed to 'believe' things are ok?  give them the benefit of any doubt?

This is precisely why the btc community needs tighter networks to make sure that it's resources are stable, reliable, and in order.

[serje]

you should always check small exchanges depending on what you want to trade

https://poloniex.com/
https://www.mintpal.com/
https://cryptorush.in/
https://www.swisscex.com/
https://coinedup.com/


P.S. Always double check volume!

[Jeronimus]

Coinex.pw EASILY wins this battle. Coinex.pw has the fastest transactions in and out of all exchanges i used so far. It's almost instant when you transact funds out and deposits are as fast as the blockchain allows them to be.
There have been some incidences where coinex.pw had to freeze transactions because of database corruptions they had to fix first.

The problem with coinex.pw is that they do not offer all coins cryptsy has, lack the volume currently (but it's getting better), but most important, their exchange code is less than perfect, requiring me to refresh the browser all the time. They need to fix this (maybe they have as i did not use it for some time now because i did not trade any alts lately).

All in all, coinex.pw i trust way more than cryptsy which obviously does it's own arbitrage on high volume coins, possibly conspiring with another exchange. It's no coincidence certain coins allow you to draw out funds quickly while coins allowing for arbitrage at peak times like doge, tips, IXC , moon etc required several days at times to withdraw them.

It got to the point where i had to send a few test coins in and out to see if they enabled their artificial withdraw/deposit freezing on certain coins.
I got trapped still with some doge when 3-4 transactions worked just fine on the same volume, followed by a transaction which took almost a day to get out.


It would be quite easy for coinex.pw to destroy cryptsy, simply by adding autosell and all alts (possibly even more than cryptsy). This would take away all users which just mine alts and want to autosell them for btc/ltc/doge or other more future proof coins.

As i see it, the only reason why people use cryptsy is simply becase there is no alternative, as in an exchange having almost all alts and allowing to autosell.

[rikkejohn]

Coinex

Maintenance mode.
Details at our https://twitter.com/CoinexPW

Hopefully fixing whatever has been plaguing the site.

Still says nothing on Twitter, though.

[Armis]

Coinex.pw EASILY wins this battle. Coinex.pw has the fastest transactions in and out of all exchanges i used so far. It's almost instant when you transact funds out and deposits are as fast as the blockchain allows them to be.
There have been some incidences where coinex.pw had to freeze transactions because of database corruptions they had to fix first.

The problem with coinex.pw is that they do not offer all coins cryptsy has, lack the volume currently (but it's getting better), but most important, their exchange code is less than perfect, requiring me to refresh the browser all the time. They need to fix this (maybe they have as i did not use it for some time now because i did not trade any alts lately).

All in all, coinex.pw i trust way more than cryptsy which obviously does it's own arbitrage on high volume coins, possibly conspiring with another exchange. It's no coincidence certain coins allow you to draw out funds quickly while coins allowing for arbitrage at peak times like doge, tips, IXC , moon etc required several days at times to withdraw them.

It got to the point where i had to send a few test coins in and out to see if they enabled their artificial withdraw/deposit freezing on certain coins.
I got trapped still with some doge when 3-4 transactions worked just fine on the same volume, followed by a transaction which took almost a day to get out.


It would be quite easy for coinex.pw to destroy cryptsy, simply by adding autosell and all alts (possibly even more than cryptsy). This would take away all users which just mine alts and want to autosell them for btc/ltc/doge or other more future proof coins.

As i see it, the only reason why people use cryptsy is simply becase there is no alternative, as in an exchange having almost all alts and allowing to autosell.

that's a great review, but given recent events it might be best to find out if they are still functioning before giving them such a great review. 

No work = No good.

No work + No tell = Bad

(No work + No tell)*Days = Irresponsible 

[Jeronimus]

Coinex.pw EASILY wins this battle. Coinex.pw has the fastest transactions in and out of all exchanges i used so far. It's almost instant when you transact funds out and deposits are as fast as the blockchain allows them to be.
There have been some incidences where coinex.pw had to freeze transactions because of database corruptions they had to fix first.

The problem with coinex.pw is that they do not offer all coins cryptsy has, lack the volume currently (but it's getting better), but most important, their exchange code is less than perfect, requiring me to refresh the browser all the time. They need to fix this (maybe they have as i did not use it for some time now because i did not trade any alts lately).

All in all, coinex.pw i trust way more than cryptsy which obviously does it's own arbitrage on high volume coins, possibly conspiring with another exchange. It's no coincidence certain coins allow you to draw out funds quickly while coins allowing for arbitrage at peak times like doge, tips, IXC , moon etc required several days at times to withdraw them.

It got to the point where i had to send a few test coins in and out to see if they enabled their artificial withdraw/deposit freezing on certain coins.
I got trapped still with some doge when 3-4 transactions worked just fine on the same volume, followed by a transaction which took almost a day to get out.


It would be quite easy for coinex.pw to destroy cryptsy, simply by adding autosell and all alts (possibly even more than cryptsy). This would take away all users which just mine alts and want to autosell them for btc/ltc/doge or other more future proof coins.

As i see it, the only reason why people use cryptsy is simply becase there is no alternative, as in an exchange having almost all alts and allowing to autosell.

that's a great review, but given recent events it might be best to find out if they are still functioning before giving them such a great review.  

No work = No good.

No work + No tell = Bad

(No work + No tell)*Days = Irresponsible  

i have not followed recent events. Just commented on the coinex.pw vs cryptsy topic from my experience. Maybe i have some  reading to do.

edit: Hm, reading up on this, it really seems like i was too fast to give them credit. Let's hope they resolve everything and no one loses any coins...