You can choose to use a pin number, e-mail authentication, Google authenticator app, or the Cryptopia hardware device. These settings mostly function the same way, and it’s up to you which to use. When you login to your account to try to withdraw your coins you will be asked to verify this action using a secondary verification step using one of the above methods. There were even court cases against Cryptopia in New Zealand, as the exchange had to pay over 800,000 users back. Back in February 2020, the court of Christchurch ruled that Cryptopia is obligated to pay all users back in cryptocurrencies, and not the value in fiat at the time of the hack. But as the liquidation process is handed over to Grant Thornton New Zealand, an advisory service, the process is still going on.

Unfortunately, the hacking attack on Cryptopia in 2019 forced them to liquidate and close the whole exchange for good. So, of course, the exchange does not exist anymore, and has not been operational since 2019. David Ian Ruscoe and Malcolm Russell Moore, of Grant Thornton New Zealand Limited, were jointly appointed as liquidators of Cryptopia Limited. Grant Thornton New Zealand released its Liquidators’ Third Report on the State of Affairs of Cryptopia on June 12th.

If you want to sell quickly then you’ll need to match your asking price to that of a buyer with an open offer. If you don’t mind waiting a bit to get a better price then you could raise your asking price closer to that of the sell book to hope for a better offer. Since cryptocurrency often trades on varying ups and downs throughout the day it’s likely you could milk a little more profit from your trade if you’re patient. If you’re a cryptocurrency newbie looking for a place to call home, then Cryptopia could be a worthwhile solution.

How to deposit and withdraw coins to Cryptopia

The cryptocurrency industry is still a “Wild West” and a place where thieves and scammers thrive. There are hundreds of stories of people being scammed, hacked and even the shutdown of exchanges stealing customers funds. Once you click on it you’ll be taken to the main exchange where you can trade your coins.

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Judge Gendall says the courts had to clarify concerns around the legal nature and status of the digital assets and potential equitable interests in them. Whether digital assets could be considered property and if Cryptopia’s account holders had rights to this property. Liquidators had to forensically reconstruct parts of the exchange wallet based on on-chain movements to corroborate customer withdrawals.

• The focus will be on the user accounts that are believed to have received funds from the hack.
• The chart will show you the pattern that this coin has been following based on a time you specify such as 24 hour, 1 week, 1 month, ect.
• Once you click on it you’ll be taken to the main exchange where you can trade your coins.
• This drew a lot of attention from coin enthusiasts around the world and turned Cryptopia into a trending platform.
• Despite Cryptopia being a small exchange, it is reasonably known among altcoin users as it is the only exchange where you can find some low-cap cryptocurrencies.

We issued proceedings against these third parties to prevent them from continuing to mislead or confuse account holders. In response the New Zealand Courts has granted injunctions prohibiting these parties from continuing to represent themselves using Cryptopia’s name. We also believe that these third parties communications maybe based on the continued misuse of confidential information released by the High Court in 2020.

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That means you’ll be trading Ignition against the value of Bitcoin. The chart will show you the pattern that this coin has been following based on a time you specify such as 24 hour, 1 week, 1 month, ect. You can use this to decide whether or not it’s a good time to cash out your coins.

We emphasize that our compensation never affects our editorial integrity. Any claims, statistics, or general information should be verified with the respective providers. For a detailed list of our advertising partners and more on our monetization strategies, refer to our full advertiser disclosure. After further investigations, Cryptopia announced that 9.4% of the assets stored on its servers were stolen. This number was equal to 23 million NZD or 16 million USD at the time and was considered to be the biggest scam ever pulled in New Zealand.

• If your funds are on a mobile wallet you can scan the QR code instead to make your deposit.
• Cryptopia was one of the most popular crypto exchanges back in the day before it faced a massive security breach in 2019.
• You can also use this section to sort all of the coins listed on Cryptopia by various criteria such as algorithm, rating, network type, ect.
• You can follow the updates regarding the process from Grant Thornton’s page on Cryptopia liquidation.
• This is the address for your exchange account for this particular asset.

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The available pairs as of now are Bitcoin, Litecoin, Dodge, USDT, and Cryptopia’s own New Zealand dollar cryptocurrency. Bitcoin is typically the best option here, because it carries the most volume. Unless you plan to trade coins with tiny marketcaps, and then you could utilize Doge. While you can make trades for Litecoin, it’s often more expensive to do so, and is not worth it in most cases.

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This area will let you know about important Cryptopia announcements. This is a good place to find out about potential maintenance or wallet issues in addition to coins that may be delisting soon. ⦁ Use Coin info to check that the wallets you need are functioning properly.⦁ Utilize this feature to sort coins by algorithm and network type. Coin info does offer some other interesting information if you’re on the hunt for new investments. You can also use this section to sort all of the coins listed on Cryptopia by various criteria such as algorithm, rating, network type, ect.

Despite being a small exchange, Cryptopia is well known among users of altcoin as a place where you can get low-cap cryptocurrencies. This is especially true when it comes to small exchanges like Cryptopia. However, the problems that have been going on with the exchange have persisted for long and many users are demanding that things be solved as soon as possible. This is the address for your exchange account for this particular asset. If you are new to cryptocurrency then take care to be sure you are sending to a compatible wallet!

If you were to send Bitcoin to an Ethereum wallet for example, then your coins are gone forever. Always copy and paste the address, never type it out by hand to avoid errors, and be sure to double check that it is entered correctly before sending. If your funds are on a mobile wallet you can scan the QR code instead to make your deposit. Okay, now that we’ve secured our account and we’ve checked the coin info page to avoid any wallet mishaps, it’s time to make our first deposit!

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The Cryptopia team immediately informed the legal authorities, suspended trading activity on cryptopia withdrawal the platform, and took Cryptopia into maintenance mode. However, it was later found out that the hacks were still going on even after the police had been involved. The Cryptopia exchange was created by Cryptopia Limited, an LLC corporation in Christchurch, New Zealand. The company has been active since November 2014 and was founded by Adam Clark and Rob Dawson. The major aim of Cryptopia is to make cryptocurrency available to everyone and to provide an all-in-one platform with many features.