Cryptopia Exchange Review! Pros and Cons of doing business there.

in #cryptopia7 years ago (edited)

Today I share with you the pros and cons of dealing with this exchange in my experience so far. This is one of the smaller exchanges in the crypto coin world, please understand that this is not one of the big exchanges. I hope this helps with you making a decision whether you would like to open an account at Cryptopia Exchange or not.

Please use this link as a referral if you wish to set up an account: https://www.cryptopia.co.nz/Register?referrer=Coinczar

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The biggest set backs to cyrpto markets so far have been the exchanges, a bit ago a couple went out of business, and now in south Korea one closed do to hacking.

if that is very true, there are too many exchanges that end up ending in scam, what do you think of yobit? I personally do not inspire much confidence.

Do they have referral rewards!?& I will sign up using your link if you post one. Just set up my crypto office today, now I have to get serious about opening a few wallets and accounts on a few exchanges!

Good call brother. I edited the post and added this for everyone. I am sure they give you something for opening an account like most places do. https://www.cryptopia.co.nz/Register?referrer=Coinczar

BroncNutz slingin btc, ltc & doge for Smart CASH...
Keep stackin, my friend.

I really appreciate the review man! :) Thanks for telling it how it is and helping out all of us! Big fan of your videos!

Thank you so much for watching. Comments like this one keep me motivated to keep y'all on the cutting edge of what's going on. Thanks again...

Of course! You have such a wonderful and fun personality that I really appreciate, and you continue to produce relevant content! I am always excited to watch your videos every day!

Great analysis my friend. But I think that most people don't buy more than 3500 usd. But who knows? I have a question for you though. I have 3 addresses in my smart cash wallet.(spending, smart rewards, and smart rewards2). In which one I should keep my coins to get interest?

You must keep them in rewards or rewards 2......if you want the rewards. 😂

As you said, even bigger exchanges like poloniex and coinbase and bittrex all have some issues at some point. Cryptopia is still quite new and for lack of excellent service from any of the exchanges we can't point fingers at them YET.

What I do like about cryptopia is that besides having the prices listed in BTC, ETH etc....they also had the prices listed in DOGE. And currently transaction fees in the DOGE network is super low and in fact, when I bought some smartcash on cryptopia (after watching one of your videos ofcourse xD), I didn't send any BTC to cryptopia. I actually converted my funds into DOGE and sent it there with a fee of only like 4 doge or something xD xD Allowed me to some extra smartcash!!

And about those sooooo many altcoins, two I found quite interesting were Myriad and REDDcoin. Would love to hear your opinion on these coins. Also I had some DOGE left after getting smartcash and used that buy loads of BATcoin LMAO!! I have no idea what that coin is all about, except it was friggin cheap!!!

Using Doge to do transfers is smart. I'm just starting to do this myself. Good comment.

coinexchange.io is another one that supports trading in DOGE!! Got some XP on that. Heard Japan is adopting this currency for some sort of online gaming purposes!! It made it into the top 50 on coinmarketcap recently (currently at 62). You might wanna have a look at it too!!

Good review broncnutz. I am in NZ and I always figured that Cryptopia was set up for NZers, so I'm kind of surprised to see so many people from around the world using it.

Please keep in mind our entire country is only 4.5 million people, so our economies of scale are like nothing you have in the States.

btw - I don't know anyone at Cryptopia and have no stake in them, I've only been into crypto for a week. :)

Anyway, keep up the vids and happy new year. Ours starts in 35 minutes. :D

its new for me and really i dont know this part of exchages and also thanx to share a some new informaiton in crypto always broncnutz...

Glad you learning new things! 😉

So as a crypto investor we need a diverse amount of coins, and a diverse set of exchanges? I’m a little confused because I thought wallets were like banks and exchanges were, well exchanges. But it sounds like exchanges have bank like qualities? Thanks for the video, it made me aware of what else I have to learn about.

Exchanges do try to act like banks now. They don't need to be holding our money. You let me deposit as much as I want and then when I want it back they feed it to me like baby food. Lame!

https://www.coinexchange.io is a good one they are always fast to upgrade wallets (software updates) and have a broad range of crypto's SmartCash being one of them :)

Yea but not enough volume for me....I have used them before.

When you said Cryptsy I think I swore! lol. I have not used Cryptopia but will check it out.

(ps: sorry to keep bothering you about this man, you said you wanted to vote for our witness: blockbrothers. The vote has not come in yet. We have seen a lot of votes bouncing, that's why I'm asking again. If you could take some time to cast the vote I would be very thankful.)

I fixed it. I actually already voted for you but I'm guess something went wrong. You show up on my vote list now so let me know if there is still an issue

Hey man, the vote has not come in yet. Are you voting for blockbrothers? or exyle? only blockbrothers will work.

I added this gif just in case. Could you please try again? Thank you and sorry for all the hassle. (I can't wait to break top 50 and just be on the list.)

I'm typing in blockbrothers. It's shows up on my list.

If our name shows up in green under the box and stays there it must be good. Steemdb and steemd having some problems at the moment so could be a delay on our side. Thanks for all the effort it's appreciated. Have good new year btw man!


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It shows up green and in the box like it should but then when i log out and come back to it.....its gone.

It worked! It showed up. 2 minutes ago. Thanks again!

@broncnutz not yet considered cryptopia. I just started using Binance when I purchased some Substratum. Does Cryptopia have a fiat gateway (to cash out of coins)? Also in light of what's going down in Australia, are you at all concerned about having your funds frozen on that exchange?

I am a little concerned but I'm moving all the SMart cash to the hive. It s gonna take me about 12 more days to get it all off though.

hello @ipfaust I'm also in cryptopia and I've read that from Australia but I do not know what you can say to me?

@networker word was a crackdown was happening from the Australian government around crypto trading. If I remember correctly, I believe bank accounts were being frozen and such.

In light of the current climate in an increasing number of countries, I’m thinking decentralized exchanges (DEX) will soon see their day in the sun.

thanks for the answer but I did not understand very well, what does it mean with:
(DEX) You will soon see your day in the sun.
What is dex?

Funny enough I signed up with them a few days ago. It is the first time I haven't held the keys to my cryptos. It is like buying chips at a casino. The trades are so fast!

Thanks for giving your impressions.

I really wish they had Ripple! I did use it to buy Smart Cash for the convenience I can't afford enough to stake it. Thanks for that tip too BTW!

You are good speaker on crypto currency. Thanks for sharing useful informations

Words of wisdom from actual user experience. This is the gold I look for. I wouldn't sign them off just for the mere fact of the sheer volumn of different coins one get can get involved with through them but I'd be like you if I were hindered within my plan due to the exchanges regulations and or rules. I think I'd have to keep them in my barrel of tricks at this point. I see your referral link and will use that also. Have you heard of binance and if so your thoughts?

I have some friends that use binance....they seem to really like it.

@brocnutz
I like binance more than cryptopia maybe this is wrong but it seems much more serious and professional, has many more options and tools for trading, I wonder why in cryptopia there is no stop lost do you have any idea why? I'm still not very good with trading and I've been learning for a few years but I still have a long way to go.

i also preffer the bittrex and also hate the poloniex bcz i think the polo is a shit exhchange speciall trading

yeah really the cryptopia is a small exchange and also good to make the video on cryptopia with pros cons some telling us and give ur advise @broncnutz

ETH or EOS , which do you suggest i invest more in?

Probably ETh....I don't love eth but there is big money investing in it. Big money usually wins. I think they are both solid plays, probably can't go wrong either way.

I should split my investment into both?

Yes probably a good idea. That way if one of them really takes off you at leas get a decent return tha covers both investments

Ok, thanks. What other coin you investing in?

Broncnutz is all about that $MARTCA$H
https://coinmarketcap.com/currencies/smartcash/#charts

And you know dis......

what is capp and bkcat? I bought a few eth also I have for me are solid

"Good business plan. Bad business execution." That is a great summary. Thanks for your input on Cryptopia!

Thanks for watching!

@broncnutz...Nice explain of open an account at Cryptopia Exchange.
Yup...Its very small exchangeable site. Cryptopia's focus is on a better user experience for crypto-currencies.In order to make cryptocurrencies more accessible to everyone we provide mining pools, marketplace, exchange services and a support framework for each coin listed.
Thanks for the giving nice point.

Peaceful and Prosperous new year to you!

Thanks for it buddy I do have some ETN out there in the Cryptopia was seeing some difficulties in removing them to the wallet of ETN but it seems like they are facing trouble with more coins than i thought !

Hope you get it out soon !

Thanks for explaining the pros and cons of Cryptopia. I'm still pretty new to the crypto game, so I need all the info I can on different exchanges, ICOs etc.

I dig the Crush hat too. Happy New Year, @broncnutz!

Happy new year cuz! 😜

Hello dear @broncnutz

Great to See another very useful and very valuable video today about Cryptopia Exchange !

As you said a place to make diamond in the rough no doubt about that when other just keep buying the bitcoin at such high prices and don't have much knowledge we can use this opportunity wisely to make some good profit for future 

 Cons 

* Only approx $3550 withdraws in Usd when done conversion this time around 

* The risk of Trust factor on exchanges .

* Transaction failed broadcast.

* Slow verification process.

Not a bad exchange for sure for small investors and traders like many of us but definitely not the perect one too if you have big funds there and want to move all in a one take away so definitely mixed reviews on this one.

and you nailed it there taking a dig at coinbase lol hahah even i too don't love hearing that 

Due to high volume, we are experiencing a backlog of outgoing transactions for BTC and ETH so expect a delay in responding to the tickets 

i think these all all are a way of excused for them.

Pros 

* Slowly and steadily growing.

and rightly said don't send all the bitcoins lol otherwise you are stuck there for long 

Love the signing off style i am out ;)

Have a great new year ahead 

Cheers.


I looked at reviews when you mentioned Cryptopia and they were also mixed. Counterparty risk is one of the biggest problems with crypto. Most of the exchanges seem to be growing to fast to keep up with the demand. Thanks for giving us your take. Is there an alternative outlet for purchasing smartcash?

Well there are other sites to purchase Smart but there is no volume so the prices are too high

Okay got it, thanks!

this is new to me thanks for explaining the pros and cons of Cryptopia and I want to use this time to say a very big thank you @broncnutz for making my end of the year a wonderful one through your cryto lectures, Upvotes and your die hard fan post Go Broncos... I am really blessed and Thank God I met you. Few hours to the new year, see you in 2018

Yeah, @broncnutz, I've never had any issues with Cryptopia, but I only use them when I have to and never for much money. The ETHOS platform is supposed to be releasing soon. If all goes well, should be big competition to Coinbase and they will be offering an universal wallet, plus charting, etc. If you've never checked them out, you should.

This post was need for me.so many many thanks.Your video is fantastic.Please suggest me which coin I stock

Resteem this post

I watched your video. You have described it in a beautiful way. Each of your videos has a very nice discussion that we can easily understand.

Very nice brother, i like your post @broncnutz

i like Cryptopia Exchange. it is good for trading small cap currency

Depending on the ever-changing worth of various cryptocurrencies within the market, plenty of individuals are mercantilism within the exchanges targeting to leap to the faster-growing choices or earning higher profits. one amongst the highest cryptocurrency exchanges within the market these days is Cryptopia. this is often a comprehensive review of the exchange to ascertain however it works, its key options, and establish major execs & cons?

I have just signed up. like 20 minutes ago. Thanks for reviewing! Watching it right now

I opened an account with them a few weeks ago. My initial thought was that the Bittrex interface was much smoother and intuitive.

I picked up some Smartcash too which has been a pretty good purchase so far.

Nice fantastic post Contribution comment#1

Thank you so much my dear @broncnutz sir for sharing this helpful post . have a nice day .

cons are not bad when you look for a smaller amount i think

great review, thanks for the info

It is good knowledge video on cryptopia exchange. Thanks for sharing your views on crypto

It is good knowledge video on cryptopia exchange. Thanks for sharing your views on crypto

Excellent review. Thanks for sharing. Advance wishing you Happy New Year.

Excellent conversation about cryptopia exchange. I think cryptopia exchange is a quick easy way to convert your crypto.
Thank you for the details.

thanks for the update about cryptopia. I am using Bittex and so far I haven't experience any issue with it. But it is always good to deal with more than one exchange. I will check cryptopia and may be I will start using it too.
Cheers!

lol, anyone who wants a lesson in crypto friction, should send $100 of bitcoin from one exchange to another until you have gotten to the 5th one if it gets that far :P

thank you for your review and advise, I should really get my own offline wallet. all my cryptos are still on the exchange platform wallets.
ps: doest cryptopia support sbd?

No SBD yet.

5000 new Zealand dollars oh that's the catch even i don't know thanks for sharing the pros and cons :)

wow this is really good..you have presented the facts in a very simple way that we all can understand..thanks alot :)

@broncnutz - Sir I didn't join it yet... But now you did a nice review... So I will thin about it Sir... Nice & very useful video for all crypto lovers... Wish you a happy new year eve Sir...

+W+

Wow very good video sir. try to love work. good Luke.
Thanks @broncnutz
Have great day.

how to open an acccount at the Cryptopia Exchange can open. Please explain in detail

Just go to the website and follow the directions. It's easy.

thanks for telling!

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