Poloniex Cryptocurrency Exchange Review
About Poloniex Cryptocurrency
Founded in 2014, Poloniex Cryptocurrency is a global crypto-to-crypto exchange headquartered in Seychelles. As of Feb 2020, it has over 100 markets available for spot trading and offers features such as margin trading, lending, and staking. Poloniex allows users to trade on the web, Android, iOS, Websocket, and HTTP APIs.
Based in San Francisco, California. Poloniex caters mainly to U.S based cryptocurrency traders. Nevertheless, the exchange is also proving to be extremely popular among cryptocurrency traders from all over the world. This is hardly surprising as the Poloniex exchange offers a diverse range of altcoins which can be traded on Bitcoin.
As Poloniex is a US cryptocurrency exchange, US-investors may of course trade there. But US-investors should in any event do their own independent assessment of any problems arising from their state residency. In particular, investors from the state of New York are often restricted from trading at many cryptocurrency exchanges.
|Exchange Name||Poloniex Cryptocurrency|
How To Sign Up & Start Trading
You Sign Up For A User Account By Providing Basic Information.
On Every Exchange You Will Get Option For Sign Up Or Create Account . Just Fill Some Basic Details Like Name , Email , Password , Security Question Etc For Registration . It Is First Step To Start Trading On Any Exchange
You Then Receive An E-mail In Your Mailbox To Activate Your Account.
Before You Can Login, You Must Active Your Account With The Code Sent To Your Email Address.Then You Will See A Message That Your Financial Account Is Activated And Ready To Go. This Means That You Can Log In And Start Trading In Cryptocurrency.
For Successful Verification You Will Need Identity Documents. For Example, You Can Use A Driver’s License Or Passport, Where The Name Is Duplicated In Latin Letters.Confirmation Of Identity On Exchange Is An Optional Step. The Procedure Must Be Completed Only If You Want To Remove The Restrictions Of Btc On Deposit Or Withdrawal Of Funds Per Day.
Enable 2-Factor Authentication (2FA)
When you log certain the primary time, a pop-up will show up and ask you to enable the 2FA, which can help in increasing your account security. If you’re new 2FA, you’ll got to download the Google Authenticator app then scan the QR (or enter the key key) so as to urge a 1-minute changing code.
After completing these three steps, you’re through with fixing your account.
|TIER||30 DAY TRADING VOLUME||TRX BALANCE||MAKER / TAKER FEE||TRX MAKER / TAKER FEE 25% OFF|
|1||< $50K||< $49||0.125% / 0.125%||0.0937% / 0.0937%|
|2||< $50K||> $49||0.0950% / 0.0950%||0.0712% / 0.0712%|
|3||$50K – $1M||N/A||0.0850% / 0.0900%||0.0638% / 0.0675%|
|4||$1m – $10m||N/A||0.0500% / 0.0850%||0.0375% / 0.0638%|
|5||$10m – $50m||N/A||0.0300% / 0.0800%||0.0225% / 0.0600%|
|6||$50m+||N/A||0.0000% / 0.0700%||0.0000% / 0.0525%|
|Poloniex Plus Silver||SILVER||Apply Here||0.0000% / 0.0600%||0.0000% / 0.0450%|
|Poloniex Plus Gold||GOLD||Apply Here||0.0000% / 0.0400%||0.0000% / 0.0300%|
|Poloniex Market Maker||MARKET MAKER||We set up custom fee schedules for our Market Makers. If you’re interested in applying, please fill out this form and we’ll be in touch.|
Trading fees are charged on a per-trade basis. As your rolling 30 day trade volume increases to the next fee tier, your maker / taker fee rate will decrease. Every 24 hours, your 30 day trading volume and current TRX balance will be calculated and your fee tier will be dynamically updated according to the structure above. View your trading tier status to see which fee tier is applied to your account.
Futures Trading Fees
|MAKER / TAKER FEE|
|-0.026% / 0.075%|
Margin Interest Fees
Margin traders pay interest to their lender based on the amount they loan. The interest rate is specified in the loan offer and is charged once your margin position has been closed.
Margin trades are also subject to the trading fees outlined above.
15% of the interest earned by a lending customer will be collected by Poloniex as a lending fee.
Deposit and Withdrawal Transaction Fees
We do not charge fees for depositing crypto into your Poloniex account. When you withdraw assets from your wallet, there is a fixed fee per asset to cover the cost of broadcasting a transaction to the network. Learn More You can also transfer funds between Poloniex accounts for free with Off-Chain Transfers.
Why Choose Poloniex Cryptocurrency
Trade Bitcoin and Ethereum
Trade Bitcoin and Ethereum perpetual futures with up to 100x leverage and the highest maker rebates directly from your Poloniex account on Poloniex Futures.
Buy. Sell. Trade.
Get in, trade, cash out, repeat. Buy Bitcoin with your credit and debit card from your Poloniex wallet. Put your crypto wallet to good use with 100+ spot trading pairs and 25+ margin trading pairs.
Earn without trading
Let your crypto work for you. Lend your BTC, USDC, USDT, and 16 other crypto assets to earn interest directly in your account. Hold TRX or ATOM and receive regular rewards with our simplified staking. No unbonding period, no problems.
Trade your way
Never miss a market move. We have what you need to trade how you want, when you want. Trade, deposit, and withdraw crypto on the move with our mobile app. Automate your crypto trading using our flexible websocket and HTTP APIs.
Let’s Get Connected
You’ve got questions, they have answers. Reach out to our support team with any issues and we’ll help you resolve them as quickly as possible.
Let’s stay in touch. Join our communities to keep up with the Poloniex team and our traders from across the world. From Twitter to Trollbox, you’ll find us talking all things crypto.
Come on board. We’re committed to creating the most advanced digital asset exchange in the world and would love for you to join us.