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Saturday, February 14, 2015

Cryptsy

Please read the disclaimer first.

[IMPORTANT UPDATE] Cryptsy is no longer operating.  But there is a recent surge in bitcoin, you may want to check out the technology.

Cryptsy is an online cryprocurrency exchange.

I opened an account, because MultiPoolX suggests to use this for accepting the mined currencies.



Click on "Register New Account" to open an account.


Fill in your information.


A verification e-mail will be sent to you.


Click on the activation link.


You can now log in.




For additional security, set up 2FA.


I used Google Authenticator, but you can use other platforms like Authy, too.


Presto!




Optionally, Verify Your Account, and let them know you're legitimate.


Fill out your information, and upload IDs, etc., and Submit Verification Information.


Answer some Account Verification Questions, and Submit Answers.


And you're all set!


Got the verification e-mail the next day.




This is your Trade Key, used to RECEIVE currencies.


This is what you need to set up daily payouts in your MultiPoolX account.

Here's my key:  ac46defc34c57b89ffa4a66c441353228f638a5c

As always, donations are welcome.  :)



Once you start mining and receive a payout, it will appear in the Balances tab, under Crypto Balances.


In order to convert to Bitcoin as it gets deposited, click on the currency and select "Deposit / Autosell".


Click on the "Enable Auto-Sell" twice.  (Don't know why you need to click twice...)


Choose your preference, and click "Update AutoSell Rules".

MultiPoolX recommends to just use the default.


All set.  :)




A "toast" of the deposit appears when you log in.


You can check it in the Balances tab.


View all deposits to see the transaction.


In the Orders tab, you can see the order to sell FRC/BTC.

When this gets filled, the FRC is converted to Bitcoins.




[Update 2/21/15]

If the order doesn't get filled for a while, it's probably either because there is not much trading volume, or the currency is heading down.


Either way, I don't want to sit on it, so I will manually exchange them to Bitcoins.




Cancel the order.


Confirm the cancel.


The order has been cancelled.




Submit Sell Order to exchange them to Bitcoin.


Confirm the order.


It is immediately filled.


Successfully exchanged to Bitcoin.


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