Personally, I’ve heard it from time to time but nothing in particular stands out in my mind about them.
I’d recommend to go with an exchange that has been tested and proven to work fine.
In my case I use bitstamp for withdrawals but trade on HitBTC. This is because the banks in the country I am risiding have an issue with the crypto-to-fiat currency transfers and so far bitstamp has been working without an issue.
And i prefer that platform because it’s simple to use and has a lot of alts along with all the major currencies.
I agree with @bradley79 about using more reliable exchanges. But as far as I know there are really a lot of alts on cryptopia. I was interested in cryptopia before because RaiBlocks (XRB) was only available there.
Here’s a list from which you can pick crypto exchanges.
Pick a number (10 for example) and do a research on them.
A spreadsheet works best for me.
Compare features, pairs availabe, deposit & withdrawal + trading fees, user feedback and check their support/forum pages to see if there are issues.
Contact the support and ask all the questions, compare the answers, reply speeds and then test with the minimum deposit/withdrawals to test if they really work as advertised.
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I use Bittrex and Binance and I have a hard time monitoring those 2 accounts. I feel that it’s going to be so hard to trade in 3 exchanges. Also, XRB is now on Binance.
I hope your cousin didn’t sign up with Crypopia because they got hacked recently, and apparently the staff watched for five days people’s investments being drained without doing anything about it. Hackers made off with 16 million USD.
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Me too. I really hope he invested elsewhere. Unfortunately no one investing in cryptocurrencies is safe from such events, it seems.
It’s a shitcoin pump and dump exchange, they recently got robbed (hacked). They do have easy deposits and withdrawals but so do most other crypto exchanges.
For altcoin trading, Binance is the best for me. For leveraged margin trading Bitmex is the best (unless you’re from the US, they don’t allow US clients anymore).
Most crypto exchanges don’t have cold storage so don’t keep your money in the exchange, take it back to the wallet once you’re done trading.
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Hi Ria,
I’m new here (and learning Forex as well). It’s the bear market in bitcoin, not much action these days. I’ve been trading bitcoin for a year, I expect it to bottom out sometime around may or june.
An update on the situation with Cryptopia – the exchange has suspended all services and will be liquidated, the company announced in a statement.
The liquidation will be supervised by the consultancy and audit firm Grant Thornton New Zealand, the local subsidiary of Grant Thornton International.
In January crypto currency investors, who had wallets with Cryptopia lost assets for more then 16 million USD, including more that 3,5 million worth of Ethereum coins after a hacker attack.
Thanks for the update btw, @mlawson71!