Post
Topic
Board Exchanges
Re: My Withdrawal Finally Went Through!
by
not.you
on 27/10/2015, 20:03:16 UTC
So after Mt. Gox and MintPal and now things are not looking good with Cryptsy, is there any site who can be trusted?

That's a good question. Here's a basic list of alternative alt-coin options you can look into should your issues persist:

bittrex.com
poloniex.com
cryptopia.co.nz
c-cex.com
yobit.net

One thing to keep in mind is that, so far, I believe all of those above exchanges have been hacked at some point. Cryptsy stands alone in that they have never experienced a widespread hack that anyone knows of. I also half-heartedly believe the end result of most of the above-mentioned hacks were that users were paid back what they lost, but I am not 100% sure that is true. If that concerns you (which it should), you should do more research on your own. I encourage you to do more research on your own.

From that above list, I have personally only ever used Poloniex, C-cex, and Bittrex. I will say that on all three of those exchanges, I have never had a single problem withdrawing money when I wanted. In most cases, the transactions showed up on my end practically instantly.

I will also warn that before making any deposits, it would be a good idea for you to spend some time watching the specific markets you are interested in move for a while on different exchanges to familiarize yourself with what volumes you would be able to easily liquidate (and on what exchange). Every exchange is different for different coins. You should always familiarize yourself with which exchange is doing the most volume on a particular coin to get a true idea of what prices should be before making any big moves (or going through the hassle of and paying any fees for depositing/withdrawing).

This was discussed in another cryptsy thread.  Richie says bittrex has never been hacked.  And while some of those other exchanges have no doubt been hacked I do not believe that all of them have.  Also keep in mind, Bitstamp has been hacked.  So whether or not an exchange has been hacked is not necessarily the same thing as saying the exchange is solvent or fair or operating with integrity or anything else.