Response to Cryptsy insolvency

Earlier today, Cryptsy announced that they had been hacked in 2014 and as a result of that was now insolvent. Cryptsy is one of the largest and most popular cryptocurrency exchanges and we hope a solution can be found in order for Cryptsy to continue it’s operation.

We’ve been asked by some users, how this is going to effect our service, so we wanted to make a few things clear in regards to Cryptsys situation.

  1. does not rely on Cryptsy and this will not effect our service in any way.

  2. Our service is based on instant exchanges, which means we do not store our users coins any longer than we have to. As a result, we will never have issues with solvency.

Happy exchanges!
The team


2015 year in review

2015. What a year! This year has been a great one for with lots of new users from all over the world. The cryptocoin community has evolved a lot over the course of 2015 and has become an everyday payment solution for lots of users across the globe. You guys are doing more and more exchanges each day, which clearly shows that cryptocoin payments has become a payment method which more and more user prefer, when sending money online.

2015 has shown that cryptocoin payments has proven itself to be a viable method to transfer money over large distances and that cryptocoins are here to stay.

Below you’ll find some exciting numbers from the year 2015 here at


Percentage of exchanges which included Feathercoin - the least popular coins - as one of the coins.


World-first features launched (Repeat exchanges, PayPal exchanges without sign-up and Bank exchange without sign-up).


Email newsletters sent.


Percentage of users on a mobile device (smartphones or tablets). This percentage increased from 11% in January to 22% in December!


Percentage of users from USA - the country with most users.


Average exchange amount in USD.


Percentage of users from Europe - the continent with most users.


Average response time in minutes for support tickets.


Percentage of exchanges which included Bitcoin - the most popular coins - as one of the coins.


Percentage of users on a desktop.


Number of countries we have served users from.


Code commits.


New facebook likes.


New signups for our newsletter.


Emails sent to us over the year. We love getting in touch with you guys, and you have kindly sent us lots of requests for new features and coins as well as general feedback on the service. Keep doing that!


Removing support for Repeat exchanges

Back in March 2015 we launched Repeat Exchanges and we were very excited to make life for miners a lot easier.

However, continuously scanning all deposit addresses for new transactions, added a heavy load on the system, causing the system to run slower for all users and was at times very unstable and unreliable and did not deliver the good customer experience we want to provide for our users.

We accepted the extra load in the beginning, but since not many users are using the feature, we have concluded that the extra load on the system is not beneficial to the majority of users.

Therefore, we decided to stop support for Repeat Exchanges on January 1st 2016, which means we will no longer scan for Repeat Exchanges after this date. Removing features is a tough decision. However, we are looking forward to focus more on the core features, developing new features and providing good support for all our users.


Now supporting PayPal exchanges

We now introduce PayPal at

Exchange your crypto coins to real money with your PayPal account – easy, fast and secure. Whatever you have mined, exchanged or bought crypto coins you can easily sell your coins by exchanging them to ‘real money’ and they will be transfered to your PayPal account within 8 hours.

Get started now

It has never been easier to exchange your crypto coins into real money with your PayPal account. Just follow these steps and your are flying:

  1. Go to the frontpage and start your exchange by choosing the “from currency” and choose “to PayPal”.

  2. Enter the Bitcoin amount you want to exchange into real money on your PayPal account. We calculate the exchange in US dollars.

  3. Enter your PayPal email address.

  4. Click “Start exchange” and send your coins to the unique crypto coin address provided to you.

After we receive your coins we send the US dollars to your PayPal account. All PayPal accounts in the world can receive US dollars and you can easily transfer your money to your local bank account directly from your PayPal account.

PayPal & Bitcoin facts

  • PayPal has 162 million active digital wallets and is available in 203 countries

  • PayPal helps people and businesses accept and make payments in more than 100 different currencies

  • The Bitcoin market cap are today more than 3,103,080,343 USD

  • The Bitcoin trading volume within 24 hours is more than 25,769,500 USD

  • At you can easily exchange your Bitcoins, Litecoins, Namecoins, Peercoins, Dash, Dogecoins, Paycoins & Vertcoins to real money (US dollars) with PayPal.


What crypto coins are the most popular?

Every day, week and month we handle lots of exchanges in different coins from people around the world. But what crypto coins are the most popular? Take a look at our brand new infographic and get a answer. #welovetransparency #cryptocoins

  1. Bitcoin (part of 88% of all exchanges)
  2. Dogecoin (part of 71% of all exchanges)
  3. Paycoin (part of 16% of all exchanges)
  4. Litecoin (part of 14% of all exchanges)
  5. DASH (part of 5% of all exchanges)
  6. Feathercoin (part of 4% of all exchanges)
  7. Vertcoin (part of 2% of all exchanges)
  8. Namecoin (part of 1% of all exchanges)