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Poloniex Cryptocurrency Exchange Review – The Legendary Crypto Asset Exchange

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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.

ExchangeDetails
Exchange NamePoloniex Cryptocurrency
Exchange TypeCryptocurrency
LanguageEnglish
 Trading Pairs159
 Websitehttps://poloniex.com/
Support24/7
Coin76
 Alexa Rank5123
 Top CountryIndia

How To Sign Up & Start Trading

January 1, 2019

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

January 1, 2019
January 1, 2019

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.

January 1, 2019
January 1, 2019

Identity Verification

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.

January 1, 2019

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.

Fee Schedule

Trading Fees

TIER30 DAY TRADING VOLUMETRX BALANCEMAKER / TAKER FEETRX MAKER / TAKER FEE 25% OFF
1< $50K< $490.125% / 0.125%0.0937% / 0.0937%
2< $50K> $490.0950% / 0.0950%0.0712% / 0.0712%
3$50K – $1MN/A0.0850% / 0.0900%0.0638% / 0.0675%
4$1m – $10mN/A0.0500% / 0.0850%0.0375% / 0.0638%
5$10m – $50mN/A0.0300% / 0.0800%0.0225% / 0.0600%
6$50m+N/A0.0000% / 0.0700%0.0000% / 0.0525%
Poloniex Plus SilverSILVERApply Here0.0000% / 0.0600%0.0000% / 0.0450%
Poloniex Plus GoldGOLDApply Here0.0000% / 0.0400%0.0000% / 0.0300%
Poloniex Market MakerMARKET MAKERWe 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.

Lending Fees

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

24/7 Support

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.

Community

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.

Careers

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.

Poloniex Cryptocurrency Exchange Review

7.4

CURRENCY VERITY

7.5/10

CUSTOMER FEEDBACK

8.5/10

CUSTOMER SUPPORT

6.5/10

DESIGN

7.0/10

Pros

  • Very low fees
  • Wide range of supported cryptocurrencies
  • Margin trading support
  • Margin lending support

Cons

  • No fiat currencies
  • Customer support can be slow
  • Has been hacked in the past
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Poloniex Cryptocurrency Exchange Review

7.4

CURRENCY VERITY

7.5/10

CUSTOMER FEEDBACK

8.5/10

CUSTOMER SUPPORT

6.5/10

DESIGN

7.0/10

Pros

  • Very low fees
  • Wide range of supported cryptocurrencies
  • Margin trading support
  • Margin lending support

Cons

  • No fiat currencies
  • Customer support can be slow
  • Has been hacked in the past