Cryptopia exchange: service review, registration, verification and reviews

The Cryptopia exchange was created in 2014.

The original idea of ​​the developers from New Zealand was to create a mining pool.

After some time, the trading platform itself opened.

After the exchange became fully functional, the MineShaft function was completely removed from the site, thereby blocking the possibility of mining.

Cryptopia found its main use in trading little-known or unpopular forks.

It supports more than 400 trading pairs, and 7 popular markets: BTC, LTC, DOGE, ETH, DOT, FTC, UNO.

There is a 0.2% trading fee per exchange and there is an additional fee for withdrawals.

In the main menu of the Cryptopia website there is a button $NZD TO CRYPTO , which allows you to deposit money in cryptocurrency.

Cryptocurrency exchange Cryptopia: why you shouldn’t trade?

In 2022 (January 14), the Cryptopia crypto exchange was hacked. Hackers gained access to 76 thousand user wallets. This is a rare case: the management of the exchange reacted too slowly, hence such a large figure. Most of the stolen tokens were Ethereum and ERC-20.

The stolen funds have already been partially withdrawn through other cryptocurrency platforms. The New Zealand police conducted investigations for about a month, after which they allowed the platform to continue operating. However, the Cryptopia cryptocurrency exchange did not eliminate all vulnerabilities and showed too many problems during the hacker attack.

RuscoinsInfo recommends other, more reliable crypto exchanges: Binance, HitBTC, OKEx. You can study the rating of cryptocurrency exchanges in more detail.

Characteristics of the Cryptopia crypto exchange

The Cryptopia cryptocurrency exchange was created by New Zealand developers in 2014. A characteristic feature of the site is a convenient user interface and support for a significant number of digital currencies.

One of the disadvantages is the lack of support for the Russian language. But the interface is so simple that even a novice trader can understand it. You need to spend very little time to master it. After this, you can make sure that the functionality of the Cryptopia cryptocurrency exchange is quite wide.

Initially, the Cryptopia project was created as a mining pool. After some time, a section was added to the functionality of the site, used for trading digital assets. Later it became the main one. After a little more time, the mining part of the functionality was completely removed from the project website.

The Cryptopia cryptocurrency exchange has official pages on social networks. Users have the opportunity to get acquainted with the latest news from the site on Facebook, LinkedIn and Twitter. The exchange website has forums and a chat where users communicate with each other.

The Cryptopia cryptocurrency exchange is famous for supporting unpopular coins. Therefore, users jokingly call it a “shitcoin exchange.” Currently, the site supports about five hundred different coins. This is one of the advantages of the project.

Login and security settings

To log into your Cryptopia account you will need:

1. e-mail.
2. Password.
3. Two-factor authentication code.

Always pay attention to the spelling of the Cryptopia website https://www.cryptopia.co.nz in the address bar of your browser. This is necessary in order not to fall into a phishing (false) scam, which is designed to collect personal data, passwords and then hack your account. Phishing sites can differ by just one letter and are sometimes difficult to distinguish from the official one. For example, place i is used by l, etc. Usually, you can get to fake sites through Yandex or Google advertising. I recommend skipping such announcements and going only to the official website. It's better to add a link to it to your browser bookmarks.

When entering the Cryptopia exchange website, you will need to enter a six-digit authentication code, which was sent to your registration e-mail.

To change security settings, go to your profile and select the Security menu item. By default, two-factor authentication is enabled for all transactions by receiving codes by email. I recommend installing more reliable protection - Google Authentication. To do this, click Remove TwoFactor.

Select Google Authentication from the list and download the application of the same name to your phone or tablet. Scan the QR code or enter the key manually, remembering to save it. Receive a six-digit code that you must enter in the line, click Verify Code (the button will turn green) and Submit. Codes in the application are generated every 30 seconds, no Internet access is required, the main thing is that the time is correctly configured.

Thus, you can enable confirmation using Google Authentication for other operations: withdrawal of funds, transfer between accounts, login, etc.

In the Account Security subsection you can:

• Change password.
• Add your cryptocurrency wallets to your Address Book.
• Set up the API.
• In Withdraw Settings, specify and check the box that withdrawals from Cryptopia will only occur to addresses from the Address Book

Interface overview and registration on the Cryptopia crypto exchange

You can register on the exchange platform using the link. The procedure is standard and does not require anything unusual from users. To register you must:

• enter name
• e-mail
• come up with a password

The user must agree to the trading conditions offered by the Cryptopia crypto exchange. Then a message is sent to your email address containing the instructions necessary to complete the registration procedure. After completing them, you can log into your account by entering your e-mail and password.

After logging into the site, the user enters his “personal account”. The Cryptopia cryptocurrency exchange includes several sections, including statistics and information regarding trading taking place on the exchange.

In
the “MarketPlace” tab you can purchase various products (mostly souvenirs) for digital coins. There are not too many lots in the section. Frankly speaking, this is not the most popular section on the site. It is not working at the moment. The Cryptopia developers promise to rework it and launch the section in a new format.

The “Forums” tab on the Cryptopia cryptocurrency exchange is designed for communication. There are forums on a variety of topics where users have the opportunity to exchange opinions on current trading, discuss exchange strategies, and ask questions to the exchange administration.

The “Coininfo” section contains various useful information on coins presented on the Cryptopia exchange.

The “Services” tab contains several subsections:

• News
• Paytopia
• Rewards
• Arbitrage

By going to “News” , you can find out the latest Cryptopia news.

“Paytopia”
subsection lists additional functions and services of the Cryptopia platform, provided for an additional fee.
They are purchased for fiat NZD or DOT. The last coin is the platform’s own token. “Rewards” contains statistics on the work of the built-in bot, which awards bonuses to clients. The chances of receiving a “prize” from the company are quite low, since a huge number of users are registered on the resource. But the very fact of having a bonus program cannot but rejoice.

The “Arbitrage” tab contains information useful for stock arbitrage. Here, users can compare the value of assets on two exchanges: Poloniex and Bittrex. The feature is implemented quite conveniently.

Exchange and trade

You can trade all available cryptocurrencies on the Cryptopia exchange, including Bitcoin, Litecoin, Telher, Dogecoin and Nzed (there are more than 500 of them in total). To carry out an operation with any cryptocurrency, you need to mark it, and then go to the buy and sell page. On the same page there is a chart with quotes, with which you can adjust the time scale, as well as orders from other users of the exchange.

Another interesting feature of the Cryptopia exchange is hidden in the Marketplace tab. There is a kind of “flea market” where you can sell anything for cryptocurrency. Among the products offered by users, you can find jewelry, interior decorations, toys and even vehicles.

By opening the Paytopia tab, you can find offers for the sale of all kinds of services from the platform itself, and the Lotto tab sells lottery tickets.

The exchange also offers to deposit its own cryptocurrency, Dotcoin, to provide passive income. Users can choose one of three options: 90 days - 0.5% profit, 180 days - 1%, 360 days - 1.5%.

The Coininfo tab contains all the necessary information about the cryptocurrencies that are available for transactions on this trading platform. In the Arbitrage tab, you can compare the prices of cryptocurrencies currently set on third-party exchanges. Using a special table, you can find out about cryptocurrency rates on Cryptopia, Poloniex, Bleutrade and Bittrex.

Cryptopia cryptocurrency exchange: how is verification done?

Absolutely all users, including unverified ones, have the opportunity to replenish the deposit and withdraw assets. There is no mandatory verification process on the site. However, unverified users have restrictions on trading volume. It should not exceed 500 NZD. After passing verification, the mentioned limit increases to 50,000 NZD.

To complete the procedure you need:

• send a scanned copy of your ID
• upload a photo of the user with the mentioned document in his hands
• enter information regarding your place of residence (detailed address)
• provide passport details

Cryptocurrency exchange Cryptopia offers three levels of verification. To complete the last of them, and increase the allowed daily trading volume even more, you need to write to the support service. It is impossible to go through this procedure automatically.

Verification

With standard account verification, the user has the right to perform certain operations for no more than 5,000 NZDT per day. To increase the limit to 50,000, the user must undergo second-level verification, indicating data from the passport and address, and also send photographs of documents and himself against their background. There is a third level verification on Cryptopia, which allows you to carry out transactions in an amount exceeding 50,000 NZDT within one day. To do this, you need to personally contact the exchange administration.

Depositing and withdrawing assets on the Cryptopia crypto exchange

The only way to replenish the deposit is to transfer digital coins from the user’s crypto wallet. This option is convenient for those who have long belonged to the cryptocurrency community. This method of replenishment is not very suitable for beginners.

First, you will have to purchase digital coins for fiat on some exchanger or other exchange platform. Unfortunately, Cryptopia does not provide the ability to deposit traditional money into the exchange. At the same time, the platform allows users to open wallets to transfer any tokens supported by the platform.

To deposit or withdraw funds, you must open the “Balances” section. To withdraw coins, you need to open the “Deposit” tab next to the corresponding currency. Cryptocurrency exchange Cryptopia provides the user with a transfer address for each cryptocoin. It is to this account that you need to make a transaction to replenish your account.

To withdraw assets from Cryptopia, you need to click on “Withdraw” next to the corresponding coin. Enter the amount and number of your crypto wallet. To withdraw some coins, in addition to the mentioned data, you must additionally fill in the PaymentId (transaction ID) field. The withdrawal fee is 0.001 BTC.

How to withdraw funds from the Cryptopia exchange

To withdraw currency, go to your personal account and click the “ Balances” button.

The current account balance is highlighted in the top red frame.

The top column is the entire balance converted into BTC, and the bottom column is the amount of the total balance that is in altcoins.

Below is an innumerable variety of wallets of various cryptocurrencies, which can be sorted in the search engine (show favorites or hide zero balances).

To replenish your account or withdraw funds from Cryptopia , you need to select a wallet, click on the corresponding replenishment/withdrawal icon.

To enter into a wallet , we copy the address and send funds to it from another place only in the currency whose address was copied. To withdraw, indicate the amount and contact address of the wallet for sending.

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How to trade on the Cryptopia crypto exchange?

To join trading on Cryptopia you need to go to the “Exchange” tab. In this section, the purchase/sale of digital assets supported by the platform is carried out. Below the menu on the left is a search field. With its help, you can quickly find the required token by its exchange abbreviation (we remind you that the Cryptopia cryptocurrency exchange supports about 500 coins).

By selecting the asset you are interested in, you can view information about active orders for a given currency, as well as create your own orders for the purchase/sale of digital currency.

The Cryptopia cryptocurrency exchange provides extensive trading opportunities. The most popular coins on the exchange are NZDT, USDT, DOGE, LTC and BTC. Below are the main trading tools using Dogecoin as an example. The upper part of the section contains a chart of current quotes. The user has the ability to adjust their scale. You can choose timeframes from five minutes to two hours.

At the bottom of the window there are two blocks for generating orders to buy or sell tokens. Unfortunately, the exchange platform does not provide margin trading. At the very bottom of the page there are signs containing orders opened by other users.

Cryptopia is an exchange platform that is far from the most popular. It cannot boast of significant trading volumes. Their daily figure does not exceed 20 million USD.

Withdrawal from Cryptopia in rubles and dollars (to cards and wallets)

With the system mentioned above, you can make a direct transfer of cryptocurrency to a card or electronic wallet in rubles, dollars, hryvnia, euros. First, exchange all coins for BTC, then go to monitoring exchangers and choose a direction:

Suppose you decide to withdraw Bitcoin from Cryptopia to a QIWI wallet. We choose a direction and get a list of suitable exchangers. The most favorable rate is on the first lines, select any site and fill out the form on it:

The exchange office accepts Bitcoin and automatically transfers rubles to your QIWI wallet. When making an exchange, the user is provided with a special address:

Now we take this wallet number and insert it when withdrawing to Cryptopia (as shown above).

In essence, you make a regular transfer of Bitcoins, only to the address of the exchanger, who will send you fiat money for the received coins. In the same way, you can convert cryptocurrency to bank cards.

How secure is the Cryptopia exchange?

The developers paid sufficient attention to the level of security in their project. The platform includes a set of all the main technologies that sufficiently protect user accounts from the actions of attackers. The exchange platform supports two-factor authentication. The list of possible solutions to the latter includes:

1. security questions
2. PIN code
3. Google Authenticator
4. authentication via email

The system requires the installation of a PIN code. The latter must include from four to eight characters. The user password requirements are also quite complex. It must contain large and small letters, numbers and special characters.

We recommend that you set up two-factor authentication. Install it not only for logging into the system, but also for depositing/withdrawing digital assets.

Registration

Registering on the exchange is very simple:

Go to the exchange https://www.cryptopia.co.nz

1. Fill in all fields in the tab that opens:

   Username – the name of your account (use any name)

   Email Address – enter your email address.

   We strongly recommend using Google email (Gmail) for registration, as it is one of the most secure emails.

   Password – password. Please note that the password must contain uppercase and lowercase letters, contain a number and any sign (for example: #$%^&), and be at least 8 characters long.

   Confirm password – repeat the entered password

   Please choose a 4-8 digit PinCode – come up with and write down a 4-8 digit pin code – it will be needed to enter the exchange, withdraw funds and make changes to the settings.

2. After filling out the registration form, you need to go to your mailbox (which you specified during registration) and follow the link provided in the letter from cryptotopia.

3. After you have followed the link from your email to confirm your registration, the following page will appear. Click on “click here” to enter the exchange.

4. In the form that appears, enter your email address used during registration and password. Click on the captcha and click “Log in”.

5. The security system will require you to enter a PIN code, which will be automatically sent to you by email.

6. Enter the PIN code and click “Verify”

Registration is completed.

Cryptopia crypto exchange: pros and cons

Cryptopia, like other exchanges, has its pros and cons. Be sure to study them. This will allow you to make an adequate decision about whether to start working with this platform.

The main advantages of the Cryptopia exchange:

1. Affiliate program. For attracting new users, the system awards bonuses. The size of the latter amounts to 10% of the income of the attracted trader. Bonuses are awarded in the form of an internal coin - DOT. The referral system looks quite attractive. Therefore, on this exchange you can get rich not only by trading, but also by attracting new users.
2. Bonus program. The system randomly selects the user and awards him a small bonus in various digital currencies for performing any action.
3. Exchange regulation. The site administration is closely monitoring the situation on the digital coin market. To prevent losses from their clients, developers can suspend trading on any digital asset.
4. Supports 500 currencies. Not all exchange platforms can boast such a huge list of digital coins. The platform will be especially useful for users seeking to convert their existing unpopular altcoins into more liquid coins.

The list of advantages of the Cryptopia exchange is impressive.

The Cryptopia cryptocurrency exchange has disadvantages:

1. Lack of contacts with the founders of the site. You can contact the administration only on the site itself using a special form. This situation reduces the level of trust in the exchange. Although, it is worth noting that most users of the platform are satisfied with the speed of processing their requests to the administration.
2. Small trading volumes. For some unpopular altcoins they are practically zero.
3. Lack of fiat support. To convert your profits into fiat, you will have to transfer funds to another exchange or exchanger. This approach is not very convenient for most users.
4. There is no support for the Russian language. The only language of the exchange platform is English. Although, this drawback is quite conditional. Because to understand the work of the exchange you do not need a high level of English proficiency. This drawback may only appear when you need to contact support.

As we can see, the Cryptopia exchange has both positive and negative aspects. Let's try to evaluate the most important parameter of the exchange - its reliability (cleanliness).

Sections of the Cryptopia website

The Cryptopia website has the following main sections:

1. Exchanger - go to the trading terminal, view open transactions and trading history.
2. MarketPlace - section under development.
3. Forums - user forum.
4. Services includes subsections: News - news of the Cryptopia exchange. Arbitrge - comparison of the cost of cryptocurrencies on the Bittrex and Cryptopia exchanges. Rewards - receiving a random reward for certain actions on the site: trading, voting, chatting. Paytopia - purchase and payment for additional features - listing new coins, purchasing Cryptopia Authenticator, etc.
5. CoinInfo section - detailed information about each cryptocurrency, wallet status, commissions, limits, etc.
6. “B” - balance, input, output, transfer between accounts.
7. When you click on the avatar icon, you can configure your personal account, security, financial and trading operations. Contact support.

At the bottom of the Cryptopia website there is legal information, support, FAQ, API, links to official Cryptopia accounts on social networks.

Should you trust this exchange and trade cryptocurrency on Cryptopia

The majority of clients of the Cryptopia crypto exchange evaluate the exchange’s performance positively or neutrally. The main flow of users goes to this site in order to sell or buy little-known coins. Actually, for this reason, the project received a comic name - “shitcoin exchange”. On this site there are coins that are not found anywhere else. Owners of such altcoins have nowhere to sell them except here.

There are quite a few Russian-speaking users on the Cryptopia cryptocurrency exchange. However, their reviews of the exchange are mostly positive. There are no recorded cases related to the problem of withdrawal/deposit of funds. Many people note the high-quality work of the support service. The key drawback of the platform, according to most users, is the weak daily trading volumes. A separate plus of the platform is voting for adding a new token to the listing.

Recently, user reviews about this site have been causing concern. There was a lot of negativity. Users of the site note that there are many more negative aspects than before.

There have been recorded cases where transfers within the exchange disappeared as a result of hackers. Moreover, two-factor authentication does not save you from such incidents. There were cases when users completely lost their transaction history along with their balance.

In 2022, the exchange began having problems with the withdrawal/input of assets. Users complain about frequent freezes and disappearance of funds. Moreover, this only appears with large transactions. Small amounts are withdrawn quickly and without problems.

The support service has also become much worse. Some users complain about the lack of response from them. In general, the situation with this exchange is quite ambiguous. We recommend that you refrain from working with the Cryptopia cryptocurrency exchange for now.

Three levels of verification

• Email confirmation is the first level that absolutely everyone goes through. The following steps are required in order to increase the NZD withdrawal limit. With the first level, up to 5,000 NZD is available;
• With the second level, $50,000 New Zealand per day is already available. To obtain this level, you must confirm your personal data by uploading all the necessary documents for verification: scans of passport data with the indicated place of residence and photographs;
• The third level can only be obtained after negotiations with the support service in person ; only they can provide special conditions. It is mainly used by large law firms.

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