Cryptsy Review: Altcoins gallore
Almost all popular altcoins. Over 200 altcoins.
- Very high amount of alt-coins tradeable
- High trading volume on most markets
- SD trading
- Crypto currency deposits take extremely long to be credited
- Website/ trading interface gets frozen easily
- High trading fees
Cryptsy has 220 active markets for trading and the list is always growing. If you like to speculate in altcoins then this is one of the top options for trading. There is high volume on popular altcoin markets and Cryptsy accounts for a large share of all altcoin trading.
However, the USD markets were opened very recently and have very little trading volume. The markets available for USD trading at the moment are BTC, LTC, DOGE, FTC and DRK.
Cryptsy does have higher than average trading fees of 0.25% but overall the trading platform is easy to use and navigate and having volume for a lot of markets is key.
Cryptsy was founded by entrepreneur Paul Vernon, and is operated by Project Investors, Inc. The exchange opened for public trading on May of 2013, and its headquarters are located at:
160 Congress Park Dr Suite 101
Delray Beach, FL 33445
Cryptsy offers 2 factor authentication with Google Authenticator: User downloads the google authenticator app and uses it input the generated code.
If you do not plan on depositing or withdrawing fiat currency, there are no verification checks and/or standard AML/KNC procedures.
If you wish to trade in USD, you must upload ID as well as a picture of the ID holder holding the ID.
- Fiat Currency supported
At the current moment USD is the only currency supported by Cryptsy.
Crytopcurrency: Almost all major or popular altcoins are listed on Cryptsy. The only issue here is that sometimes deposits of altcoins or bitcoins take very long to appear inside the user balance. Previously users have complained that they have seen pending deposits in their account that were not credited for over 24 hours.
USD: At the current moment, only Check or Cashiers Check are accepted with the promise more options available soon.
To deposit internationally Egopay is the only option available.
Users can withdraw cryptocurrencies in their balances tab. Usually after a withdrawal is requested, an email confirmation will be sent and upon confirming via email link the transaction is processed quickly. The withdraw side for cryptocurrencies on average is a much faster process than depositing at Cryptsy.
The mobile view is definitely lacking at Cryptsy. The site is not mobile optimized and would be difficult if you don’t have a high resolution phone.
However, there is a 3rd party mobile app that does allow for input of your cryptsy keys and use it for trading. The app is called CoinTrader and can be found here
Cryptsy support is done through a support ticket system as well as live chat. The response times on support tickets are not particularly fast and can be expected usually within 12-24 hours.