, didnt went through until the pumping/dumping was over,even when confirmations were 4-5x of required amount.
This happened a couple times and was completely related to an overwhelming number of deposits to a single threaded wallet. We have new systems that better handle this now but many altcoin wallet just cant handle that many inputs in a block. DOGE for instance would have 200 inputs to our wallet every time it found a block which with DOGE is very fast. Any fast block time coin has this issue.
Also, i have seen that many times certain coins get bought off insanely on other exchanges, and then cryptsy adds them the next day.. pure inside info trading,shamefull
We do competitive adds meaning other exchanges have high volume we will add the coin
http://www.cryptocoincharts.info/v2/coins/info I would not call using that site insider trading.
Just stay away, its a shady site, useless support and questionable admin.
Keep these things in mind:
- Cryptsy is a public company and is US based with over 40 employees. You can drive there and visit:
160 Congress Park Dr Suite 101
Delray Beach, FL 33445
- We are led by our fearless leader Paul Vernon an actual face you can find at just about any Bitcoin conference.
- We have quarterly audits by a 3rd party CPA firm to ensure existence of funds.
- We have just finished an audit on June 30th for our crytocurrency balances, which is why we held off on launching USD until July 1st.
- We practice stringent security practices which have kept us running for well over a year and a half.
- We work hard to stay compliant with Federal laws ensuring your funds are not seized. ACAM certified CFO.
Many of the exchanges that have popped up are unknown entities run by shadowy figures outside of the regulations. Common practices I have noted other exchanges running:
- Fractional Reserves to include using customers funds to trade on their markets for perceived volume utilizing site integrated bots.
- Volume numbers that are fictional and fake order books in order to give folks the impression they are bigger or more successful than they are.
- I have found numerous exchanges reporting volume numbers that essentially state their customers typically put .04 BTC or more per trade that is quite a bit more than BTC-e or Cryptsy per trade numbers
- Collusion between groups of coin "developers" to bring coins onto their exchange to move the perceived volume onto. Usually involving bribes.
- Some exchanges even do this publicly.
- Incredibly unsafe security practices.
- Complete bypass of security questions.
- No utilization of cold wallets.
- Major DB vulnerabilities compromising not only wallet but account info.
- Addition of coins with no coin code review.
- Running outside of the law in countries where its only a matter of time before funds are seized.
- Several of these companies are based in the EU or the US running outside of compliance laws. Believing these only apply to FIAT. Some completely unregistered.
Anyhow that is my rant Cryptsy does everything we can to stay above board. Bottom line your coin is safe here and we appreciate all of our customers.
