Cryptsy is notorious for delay in deposits when a coin is dumped in other exchanges. They halt the deposit citing bullshit reason. They pump and dump dead coins. They were the first altcoin exchange but for unknown reason they are not interested to upgrade their software. Before mintpal, bittrex they were the monopoly and controlled all the pumps. The only good thing is they do not drop the dead coins easily even when there is no volume.
The number one reason we get bad exposure on deposit times is the way our security algorithm works. You'll find that old timers and verified customers rarely complain where a brand new account with no history will have delays...
...Best reason to use Cryptsy were here to stay great security and great people working here. If you tried us before give us a try again. If you dont like the security delays get verified its fast and free gives you FIAT markets etc.
Are the delays due to the risk of double spending attempts? Since the transactions take place on the blockchain which is publicly verifiable, that's the only difference I can think of between old/verified accounts and brand new ones.
-We do not need entirely new backend and UI, we need new frontend and UI, now it looks like website from 20th century. sorry.
Isn't the UI part of the front end though? As far as criticism of Cryptsy goes, their UI has never really bothered me.
I've personally never had a problem using Cryptsy.. apart from their API. That sucks.
Otherwise.. they are reliable. Their trading engine just works. Deposits and withdrawals can occasionally have delays but it's to be expected with the vast number of sh*tcoin wallets that they try to accommodate.
As to the original question, I'm not sure why they get so much hate. I think early on the site was incredibly slow, and this probably contributed.
It's probably more down to this though..
They were the biggest exchange for a long time, and every new coin they added was pumped almost instantly, then dumped just as quickly, and this is what mostly gave them the bad rep. Nowadays, without the altcoin flash and crash it's a very stable exchange.
I've always wondered why Cryptsy never seems to delist coins that virtually everyone else has forgotten. Many of the old scrypt clones from the animal coin craze last year are still there despite having very little to no trading activity.