FYI, Litecoinis what I use as a transfer coin since everybody takes it and it is faster to move than Bitcoin. Buy max “LTC/BTC” that is available to you from the sale of your coins. Next, go to and open “Cryptopia Balances” top right of the main page screen by your name. Click on the little burgundy colored widget with the arrow pointing up beside LTC/BTC coin name.
However there is some speculation about the security of the platform and developers have identified weaknesses. This platform features a great exchange but users should remember it is not a wallet. This section simply lists the value of coins on Cryptopia against the price of the same coins on other exchanges. Some people make a profit by purchasing a coin on one exchange, and then selling it on another for a higher price, and this tool is meant to help facilitate that. Cryptopia does have a few more features that may appeal to account holders.
Update for Cryptopia Claimants and Stakeholders 21 June 2024
- Cryptopia offers wire transfer as a deposit method, but you can’t deposit via credit card.
- The liquidation process is ongoing, with Grant Thornton currently in the claim registration stage, urging affected users to file their claims to recover their assets.
- Coin info does offer some other interesting information if you’re on the hunt for new investments.
- Additionally, most of Cryptopia’s users were international, complicating this process.
The latest Cryptopia news is that a new liquidators report has been released in the last week, following the previous report which came out in November 2022. The long, drawn-out process of returning customer funds continues for Cryptopia liquidators Grant Thornton – with the latest liquidators report being released on 12th June. Have no communication with these people nor do I gain a penny from this information. Just hate to see all you go through the frustrations I have go through. Nobody seems to know much of anything when it comes to Buy, Sell or Transferring.
Cryptopia Trading fees
Cryptopia repays NZ$400 million in crypto to 10,000 verified account holders after years of liquidation efforts. Cryptopia also claims to have market-leading two-factor security options, including Cryptopia’s own hardware dongles. On 8th April 2020, the High Court of Christchurch issued a judgment stating that the liquidators estimated Cryptopia had cryptocurrency currently worth about NZD 170 million at the time of the hacks. Somewhere between nine and 14 percent of its cryptocurrency was stolen, according to the court document. In Singapore, an exchange that is believed to have received hacked funds has been contacted.
The Cryptopia website is quite large and sprawling and the trading platform is somewhat complicated, making it daunting at first for new users. However, account set-up is simple and initial verification is quick and only requires an email address. It is a great exchange for users wanting to trade less popular altcoins or for casual traders. In early February, many exchange users started reporting delays in withdrawals and several other problems with the platform. Since then, several other complaints have been raised exponentially.
This is explained in more detail in our update on 20 February 2024. The agreement to purchase Cryptopia account holders’ cryptocurrency that is mentioned above includes a clause about the assignment of coins to that third party. The official methods of communication from the liquidators to Cryptopia account holders are outlined at the end of this update. We understand third parties have contacted account holders offering to purchase their Cryptopia entitlements in exchange for an obscure digital currency. This agreement requires the assignment or transfer of account holders Cryptopia owed holdings to that third party.
How to Get a Refund From Cryptopia Exchange?
The fees listed in this review and in the comparison table are excluding any such volume discounts. This New Zealand cryptocurrency exchange doesn’t charge different fees between takers and makers. They offer flat fees of 0.20% of the order value of each order from both the takers and the makers. Cryptopia’s fees consist of deposit fees, trading fees and withdrawal fees. Lastly, the only official communication from the liquidators will be sent from the no- email.
Many users are fearing that the exchange may have lost credibility with its banking partners. A number of users have said they have made to wait for over a week for their withdrawals to be effected and before they get the cash in their accounts. Things seem to be getting out of hand for the exchange with its support staff packed with a backlog of tickets. As it stands, cryptopia withdrawal there is no indication on when users will get any reply from the support.
A confirmation will be sent to the email on file that you must approve. Nothing happens till you do that so make sure you have your email open and or your smart phone. After a couple minutes go to Poloniex and click on open orders and you will see that your coins are on the way. About 20 minutes later you will have successfully moved your coins to Poloniex. 2.) Enter my new Poloniex account site to the main page and opened “Deposits Withdrawals”.
A second hack occurred on January 28th, where an additional US$284,000 from 17,000 wallets was captured. In May 2019 it was announced that the Christchurch based exchange had gone into liquidation. An investigative report by a local media outlet Stuff suggested that there were personal conflicts and tensions between the Cryptopia founding members and executive teams. This led to a lockdown and a physical investigation of the company’s headquarters the next day.
Top 5 Exchanges
This was mainly done to track whether assets attained during the hack were shifted to exchanges and then sold or laundered. They have also continually worked with NZ police over the last four and a half years. At the time of its collapse, Cryptopia had 800,000 users with a positive balance and well over US$100 million worth of funds trusted to it. Additionally, most of Cryptopia’s users were international, complicating this process. Find the market coin that is the same as I just looked up in Poloniex. Click on the little burgundy colored widget with the arrow pointing up beside my desired coin name.
Claims process update
Taken over by the accounting and advisory organization Grant Thornton LLP, Cryptopia’s liquidation process has been going on for a couple of years now. Despite the good news Cryptopia victims received in 2020 on their ownership over the virtual assets, the company still hasn’t refunded the entirety of the loss that occurred due to the alleged hack. The platform suffered a security breach on January 14, 2019, causing significant losses to users from over 183 countries around the globe.
- The company has been active since November 2014 and was founded by Adam Clark and Rob Dawson.
- The platform peaked in popularity following the 2017 market-wide bull run, when the value of Bitcoin (BTC) and other cryptographic assets skyrocketed.
- You’ll then be taken to the withdraw screen which will tell you how much more you can withdraw for the day, and you’ll be able to select the amount you wish to remove from the exchange.
- The platform also offers a cloud mining venture (Mineshaft), a marketplace, an altcoins knowledge base (CoinInfo), and an arbitrage tool.
The process is pretty straightforward, and if you’ve made any other cryptocurrency transactions it should not be too difficult. If you hover your mouse over the Bitcoin symbol near your account information you’ll be able to go to your balances menu. Use the drop down or search for the coin that you want to deposit. In short, there is always a risk involved in getting your assets withdrawn or even your crypto accounts getting hacked due to the digitalization and everything available on the internet. Cryptopia certainly had thousands of users at that particular time that had their funds in their Cryptopia accounts.
Currently, the exchange’s official web domain, cryptopia.co.nz, redirects you to Grant Thornton’s web page, where you can keep yourself updated on the latest developments. On May 15th, 2019, the Cryptopia team announced that the company was going into liquidation, which meant it was going to sell all the assets to dissolve and finally close the company. The liquidation process was going to be carried out by Grant Thornton New Zealand.