Poloniex Exchange: Everything You Need To Know in 2021
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Poloniex exchange: Everything You Need to Know in 2021
Poloniex exchange is one of the emerging exchange platforms. And the primary reason behind it is the abundance of features. Poloniex wiki offers many attractive features that attract many crypto lovers? But wait! Do you know everything about poloniex exchange? Poloniex cryptocurrency exchange may be one of the well-known crypto exchange platforms. But there are certain things that you must know about the poloniex exchange login. So, here you would get a complete poloniex exchange review before making poloniex exchange sign up.
Poloniex exchange history and overview
Poloniex is a crypto exchange platform that came back in 2014. It is a US-based exchange platform developed by Tristan D’Agosta. And as the company’s main office is located in the United States, it makes it one of the most highly regulated platforms.
The primary operations of this exchange platform include buying, selling, and distinct trading cryptocurrency. It also includes immensely popular crypto-assets such as poloniex Bitcoin and Ethereum. Besides, the exchange platform also witnesses more than 100 million dollars of trading volume every day. So, this is what makes it more reliable to use.
Review about the trading fees
Coming to poloniex fees, you don’t get much relaxation in the trading fees in poloniex wallet. That implies; the trading fees at poloniex are a bit higher than any other exchange platform. The maximum amount that you pay while trading is 0.125%. This is huge as compared to any other exchange platform like Bittrex vs. poloniex. So, when you compare poloniex vs. Bittrex, you will find a lot of difference in the trading fees. However, the maker and taker fee is flat. But that cannot help users at all. On the other hand, the trading fees also decrease when your trading volume increases.
Moreover, the poloniex review about the trading fee states, the exchange platform may not be friendly for newbies.
Pros and cons of the poloniex platform
Pros of Poloniex
A wide range of cryptocurrency support-one of the major perks of this exchange platform is, it supports a wide range of crypto assets. So, you don’t have to visit any other site to find a new asset.
Good customer support
When it comes to poloniex support, this exchange site has good customer support feedback. It offers multiple channels of communication that allow users to solve all their queries.
Another advantage of Poloniex is it offers you the highest standards of security. As the exchange is a US-based company, it offers maximum security.
Good for advance traders
This crypto exchange platform is suitable for traders who want to advance trading. It offers you many features with easy UI.
No verifications are needed unless you are trading a massive amount
The exchange platform eliminates all the unnecessary hassles. There is no verification needed unless you are making a massive transaction. So, that makes it easier for users.
Cons about Poloniex
There is only one major con about the exchange platform. And that is, the site experienced a major hack in 2014. So, if you are searching how to use poloniex, you must be aware of this con.
Keeping it brief, this is a complete review of Poloniex. However, if you are looking for a reliable exchange platform, you can visit BitXmi.
Besides, do you think Poloniex is safe to trade?
Learn more about Liquid Exchange here.
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