There are always interesting developments in the world of cryptocurrency. Cryptopia, one of the smaller exchanges, is getting a lot of flack lately. Customers aren’t too pleased with the company’s withdrawal delays, among other things. Moreover, it seems there are some scam allegations, although none of these have been proven correct at the time of writing.
Running a cryptocurrency exchange is not all that easy. This is especially true when operating one of the small platforms focused on outcomes. Cryptopia is a well-known exchange among altcoin speculators. They list dozens of different cryptocurrencies, all of which are in somewhat of a demand these days. Unfortunately, it seems the company is running into a fair bit of trouble these days.
Cryptopia Needs to Step up its Game
There seem to be a lot of concerns when it comes to Cryptopia right now. Numerous complaints regarding withdrawing delays can be found all over the internet. It seems users have to wait a week or more to get their money out, assuming it is even possible to do so in the first place. Not a positive situation for any cryptocurrency exchange, as things will need to improve very soon. While it remains to be seen if this is a purposeful delay, the rumors are certainly swelling.
Some users are convinced the platform is a complete scam as of right now. Others are concerned the company may have run into issues when dealing with its banking partner. Regardless of which story is true, it remains to be seen how all of this will play out. With customer support queue lines lengthening as well, things go from bad to worse pretty quickly.
According to some sources, Cryptopia may be facing a class action lawsuit. Again, this is not exactly confirmed at this stage, but it is not unlikely something like that will happen. Exchange customers are taking legal action a lot quicker as of right now, especially when things get this dire. Unless Cryptopia steps up its game, this situation will remain rather uneasy. The exchange certainly has a lot of explaining to do in this regard.
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