Summary
Poloniex is a global cryptocurrency exchange where users may buy, sell and swap in more than 280 supported cryptocurrencies. It is a centralized crypto exchange that serves both skilled and beginner traders
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Reputation
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Customer Support
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Fees
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App Design
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Ease of Use
Poloniex is the cryptocurrency exchange and service provider founded in 2014 in Boston, ranking as #20 with an average 24-hour trading volume of £43,296,323 GBP, 300 markets, and 94 crypto-to-crypto pairs ready to trade in over 36 fiat currencies across the globe.
Poloniex is a global cryptocurrency exchange where users may buy, sell and swap in more than 280 supported cryptocurrencies. It also allows users to lend particular crypto, stake their coins on the platform, and earn interest. Poloniex is a centralized crypto exchange that serves both skilled and beginner traders. It provides traders from all walks of life with various crypto markets advanced trade types and makes it a comfortable place to trade.
Users can make low-fee margin transactions with up to 2.5x leverage in addition to spot trading. By lending crypto assets with interest, the user may generate passive income. Users can invest in the hottest crypto projects and utilize Poloni DEX, Poloniex’s decentralized alternative.
Poloniex has a lot of tools and features, making it an excellent platform for traders of all skill levels. Each section (Exchange, Margin, Futures, and Lending) is designed to make trading simple while also providing access to some of the most advanced tools in the crypto market, such as the level 2 order book, depth chart, and TradingView interactive charts. Poloniex offers applications for both iOS and Android smartphones.
Poloniex fees are among the lowest in the market regarding trading. Users must pay for spot and margin transactions, as well as crypto withdrawals on Poloniex. The Poloniex trading fee structure is simple to understand. The maker fee is about 0.125% for the regular user, and the taker fee is about 0.04-0.125%. Customers in the Poloniex plus Silver, Gold, or market maker levels pay 0% fee on maker transactions and less than 0.04% fee on executed taker orders. Poloniex support bank transfers and wire transfer in more than 36 fiat currencies, including GBP, EUR, and CAD.
The security measures that are claimed to be in operation includes protection against DoS attacks, DNS cache protection based on cryptographic signatures, robust protection against web-based assaults such as robot infiltration, majority of Poloniex user assets are kept in cold wallets, users’ personal information is protected by role accounts, for preventing unauthorized modifications to the website utilization of registry lock, 2FA authentication, session log history, and IP lockouts and email confirmations.
Pros
- Low trading fee
- User-friendly platform
- It has its own DEX called as Poloni DEX
- Leverage and future trading
Cons
- The order book does not support fiat currencies in their trading process
- Delayed customer support
- Hacked twice in past
- Unregulated crypto exchange
Poloniex Details
Devices Compatability:
- Desktop
- Android
- iOS
- Tablet
Currencies: USD, EUR, GBP, CAD, ATOM, AVA, BCH, BNB, BSV, BTC, BUSD, DASH, DAI, ETH, EOS, LTC, PAX, QTUM, TRX, USDT-ERC20, XLM, and XRP
Deposit Methods: Debit and Credit cards
Withdrawal Methods: crypto wallet
Withdrawal Limits: 10,000USD/ day
Restricted Countries: Crimea, Cuba, Iraq, Iran, Libya, Mainland China, North Korea, Ontario, Sudan, Syria & United States and US Territories (such as American Samoa, Guam, Northern Mariana Islands, Puerto Rico and US Virgin Islands).
Final Thoughts
Poloniex is a global cryptocurrency exchange where users may buy, sell and swap in more than 280 supported cryptocurrencies. It is a centralized crypto exchange that serves both skilled and beginner traders. It also allows users to lend particular crypto, stake their coins on the platform, and earn interest. It is designed to simplify trading while also providing access to some of the most advanced tools in the crypto market, such as the level 2 order book, depth chart, and TradingView interactive charts.
It is a highly secure platform with several security measures, and since its launch, there no security breach. A robust and quick trading experience is provided to users. Don’t miss out on the chance to trade through this high-speed exchange.