Poloniex Review

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Poloniex is a leading crypto exchange for retail traders. It offers beginner-friendly services and some learning tools. Poloniex is a secure exchange with access to 100+ crypto-to-crypto pairs. We recommend it for traders at all levels looking forward to impressive security. 

poloniex-review

Review Summary 

  • Poloniex is one of the top exchanges to trade Ripple coins. 
  • It offers access to many digital assets, including Bitcoin and Ethereum. 
  • It is a secure exchange with an average fee structure. 

Poloniex Overview 

Poloniex is an unregulated crypto-to-crypto exchange. It offers 100+ trading pairs and margin trading. Beginners choose this exchange because it has a fast sign-up process. The platform’s interface is simple to navigate and the trading fees are average. Our Poloniex review reveals it is a top choice for traders at all levels who want to access Poloniex margin trading.

Trading Experience 

Poloniex offers a desktop trading platform and a mobile app. It has two account tiers, one for verified users and one for unverified users. Verified users receive access to many tokens, larger trades, and incentives. 

This exchange is the only one where ICO ATOMS coins are available. ATOMS are the digital tokens of Cosmos. This is a network of blockchains focusing on managing scalability challenges. 

poloniex-trading

Cryptocurrencies Available 

Poloniex offers access to popular crypto, including Bitcoin, Ethereum, and Ripple. Base currencies BTC, USDC, ETH, XMR, and USDC are available to trade against the following coins: 

  • ARDR 
  • ATOM 
  • BAT 
  • BCH 
  • BCHABC 
  • BCHSV 
  • BCN 
  • BNT 
  • BTS 
  • BURST 
  • CLAM 
  • CVC 
  • DASH 
  • DCR 
  • DGB 
  • DOGE 
  • EOS 
  • ETC 
  • ETH 
  • FCT 
  • FOAM 
  • GAME 
  • GAS 
  • GNT 
  • GRIN 
  • HUC 
  • KNC 
  • LBC 
  • LOOM 
  • LPT 
  • LSK 
  • LTC 
  • MAID 
  • MANA 
  • NAV 
  • NMC 
  • NMR 
  • NXT 
  • OMG 
  • OMNI 
  • PASC 
  • POLY 
  • PPC 
  • QTUM 
  • REP 
  • SBD 
  • SC 
  • SNT 
  • STEEM 
  • STORJ 
  • STR 
  • STRAT 
  • SYS 
  • VIA 
  • VTC 
  • XCP 
  • XEM 
  • XMR 
  • XPM 
  • XRP 
  • ZEC 
  • ZRX 
poloniex-market

Fees 

The Poloniex crypto exchange has a transparent fee structure. The trading fees are average and depend on the trading volume. The standard maker fee is 0.08%, while the taker fee is 0.20%. Traders with a 30-day trading volume receive a 0.00% maker fee and a 0.10% taker fee. 

Regulation & Reputation 

Poloniex does not have a license from a regulatory body. Our Poloniex review shows it offers trustworthy security measures, including: 

  • Two-factor authentication 
  • Email confirmation 
  • DoS attack protection 
  • Cryptographic signatures 
  • Cold storage wallets 
  • Biometric recognition 

Account Opening 

Account opening at Poloniex exchange is straightforward. Users sign up on Poloniex’s website and fill in personal information to activate accounts. Verifying your identity is mandatory before using your Poloniex account. Poloniex doesn’t let traders trade with a basic account without verification. Our Poloniex review shows the verification process is fast and beginner-friendly. 

poloniex-account-opening

Customer Support 

The Poloniex exchange platform has email support with an average response time. The main website provides access to support FAQs. Poloniex doesn’t offer live chat or phone support. The customer support at Poloniex is reliable and easy to reach.

Summary 

The Poloniex Exchange is popular because of its premium security. It is a top choice to invest in Ripple and other popular crypto assets. We recommend it for traders at all levels, as it offers useful learning tools. 

poloniex-app

FAQ 

We review cryptocurrency exchanges across 105 data points. We use real accounts and money for reliable results. Read about our approach in our Methodology section. 

What Is A Centralized Cryptocurrency Exchange? 

A centralized exchange is a private company offering access to a trading platform. It lets users invest in digital coins. These crypto exchanges request registration, known as the Know Your Customer rule.

What Is A Decentralized Cryptocurrency Exchange? 

A decentralized exchange refers to a provider with no central point of control. It functions as a server, but each computer within the network operates in distinct areas of the world. If one device malfunctions, it doesn’t interfere with the network’s activity. Decentralized exchanges do not follow the rules of a regulatory body. If you choose a decentralized exchange, you should learn more about the risks. Read our in-depth reviews to discover more about exchanges and safety.

Does the Poloniex Exchange Offer A Digital Wallet? 

No. Polonies doesn’t have a proprietary digital wallet. If you want to protect your funds, you should use a trustworthy wallet. Traders use different exchanges and wallets to create a versatile portfolio. Our in-depth reviews offer more information on digital wallets.

Can Traders List Coins On Poloniex? 

Yes. Poloniex allows verified accounts to list coins.


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Methodology 
Business24-7 aims to help those interested in cryptocurrency make safe and informed investing decisions. We are dedicated to offering our readers unbiased reviews of leading cryptocurrency exchanges for traders at all levels. Cryptocurrency exchanges are included in our reviews if they are safe, liquid, regulated by proper authority, or decentralized. 

Disclaimer:
All trading involves risk. More than 80% of investors lose in spread bet and CFD trading. As these complex instruments allow for the use of leverage, there is a high risk of losing more money than you have deposited. Before attempting to participate in spread bets and CFDs, consider how well you understand them and if you can afford to lose your money.

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Braden Chase is an investor, trading specialist, and former research specialist for Forex.com who helps aspiring investors develop the confidence and habits they need to make an income from the market. Braden has served as a registered commodity futures representative for domestic and internationally-regulated brokerages and has also spoken & moderated numerous forex and finance industry panels across the globe.

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