Poloniex Review
Key takeaways from our Poloniex review:
- Robust Trading Tools for Advanced Crypto Trading
- Extensive Range of Supported Cryptocurrencies
- Strong Reputation in the Crypto Exchange Industry
Poloniex Pros & Cons
What is Poloniex?
Poloniex is a leading cryptocurrency exchange platform, allowing users to buy, sell, and trade a variety of digital assets. It offers a secure, intuitive interface and advanced trading features to help you get the most out of your crypto investments.
Poloniex is a popular cryptocurrency exchange that offers a wide range of features to its users. It is a great platform for both experienced traders and newcomers to the cryptocurrency market.
Poloniex Product & Features
Poloniex offers a variety of trading options, including spot trading, margin trading, and futures trading. Spot trading allows users to buy and sell cryptocurrencies directly, while margin trading allows users to borrow funds to increase their buying power. Futures trading allows users to speculate on the future price of a cryptocurrency.
It also offers a range of advanced trading tools, such as order books, depth charts, and trade history. These tools provide users with detailed information about the market and help them make informed decisions.
Poloniex also offers a range of security features, such as two-factor authentication, cold storage, and secure API keys. These features help ensure that users’ funds are safe and secure.
Finally, Poloniex has a user-friendly interface that makes it easy for users to navigate and find the features they need. The platform also offers a range of customer support options, including live chat, email, and phone support.
Can US Citizens Use Poloniex Exchange?
Poloniex is not available to US-investors due to regulatory restrictions. Poloniex is also not available to residents of certain other countries, including North Korea, Iran, and Cuba.
Poloniex Fees - Withdrawal and Trading
When it comes to fees, Poloniex charges a variety of fees depending on the type of trade. For example, there are withdrawal fees, maker / taker fees, and margin trading fees.
Withdrawal fees are charged for withdrawing funds from the Poloniex platform. These fees vary depending on the cryptocurrency being withdrawn. For example, withdrawing Bitcoin has a fee of 0.0005 BTC.
On this platform, taker fees is 0.15% and maker fees is 0.14%.
Maker / taker fees are charged when users place orders on the Poloniex exchange. Maker fees are charged when users place orders that are not immediately matched by existing orders on the order book. Taker fees are charged when users place orders that are immediately matched by existing orders on the order book.
Poloniex Alternatives
Poloniex is not available to US-citizens and some other part of the world.
But here are several other crypto exchanges that offer wide variety of coins, low trading fees and user-frienldy interface.
Here are three of the best:
- Gate.io: Gate.io is our top-rated crypto exchange. Offering a wide variety of coins, low trading fees, and a secure platform. It also has a user-friendly interface and a mobile app for easy trading on the go.
- Bitbuy: Bitbuy is another popular crypto exchange with a number of cryptocurrencies listed on its market. It also offers a low fees, and a user-friendly interface.
- eToro: eToro offers easy-to-use features for new traders like Copy Trading and a solid mobile wallet. eToro is also available to US-based traders. See our eToro review here.
How to Sign up on Poloniex Exchange?
Here comes the step by step instructions on how you can sign up on this exchange.
- Visit Poloniex Crypto Exchange
- Click "Sign Up" in the top right corner.
- Enter your email address and password.
- Enter Referral code if any.
- Click "Create Account".
- Check your email for a verification link.
- Click the verification link to complete the sign up process
