Poloniex.com review: Poloniex.com is a well-established cryptocurrency exchange that has been operating since 2014. The platform offers a wide range of trading options and features, catering to both beginner and experienced traders.
One of the notable aspects of Poloniex.com is its extensive selection of cryptocurrencies available for trading. Users can access a diverse range of coins, including major cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC), as well as a variety of altcoins.
Security is a top priority for Poloniex.com. The platform employs industry-standard security measures, including two-factor authentication (2FA), encryption protocols, and cold storage for funds. These measures aim to protect user assets and provide a secure trading environment.
| 📅 Year of Establishment | 2014 |
| 💱 Coins: | 360+ |
| 💰 Min deposit | From $50 |
| ⚖️ Leverage | 1:100 |
| 💹 Trading fees | 0.125% |
| 💳 P2P platform | ✅ |
| 📱 Mobile apps | iOS, Android |
| 🗺️ Headquarters | United States |
Overall Poloniex.com Review
Overall, Poloniex.com provides a feature-rich trading platform with a diverse selection of cryptocurrencies, strong security measures, and an active trading community. However, it's always advisable to visit the official Poloniex.com website for the most up-to-date and accurate information on their services and offerings.
Go to Poloniex.com website
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Top Reviews
Best customer reviews of Poloniex.com
The site administration cannot guarantee review accuracy and lacks the technical means to verify if authors are actual customers. Reviews lacking detail and purely emotional in nature are disregarded.
Poloniex.com offers an extensive selection of cryptocurrencies to trade, allowing users access to a wide range of coins and tokens. The platform supports major cryptocurrencies as well as numerous altcoins, providing ample trading opportunities. With features such as spot trading, margin trading and credit services, Poloniex.com caters to a variety of trading preferences and risk appetites. The variety of trading options makes it suitable for beginners and experienced traders alike, offering flexibility and profit potential.
Russia
Poloniex.com's user interface is functional, but could use some improvements. While it provides the necessary tools for trading, the platform may seem somewhat outdated compared to more modern exchanges. The layout is generally intuitive, but some users may find it less attractive or less user-friendly than on other platforms. However, with a little familiarity and study of the platform, users will be able to navigate it effectively and conduct their trading activities without much difficulty.
Brazil
One area where Poloniex.com is lacking is in customer support. Some users have reported delays in getting answers to their inquiries or difficulty resolving their questions. The lack of effective and timely customer support can be frustrating for users who need immediate help or have urgent problems. Improving the responsiveness and efficiency of customer support will greatly improve the overall user experience of the platform.
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Expert Review
Expert Review of Poloniex.com
Poloniex.com is an established cryptocurrency exchange that has been operating since 2014, making it one of the longer-standing platforms in the industry. When assessing the reliability of an exchange, several factors come into play.
First and foremost, Poloniex.com has demonstrated a strong commitment to security. The platform employs industry-standard measures such as two-factor authentication (2FA), encryption protocols, and cold storage of funds to safeguard user assets. These security measures help mitigate the risk of unauthorized access and protect user funds from potential threats.
However, it's important to note that no exchange is completely immune to risks. The cryptocurrency market is inherently volatile, and price fluctuations can occur rapidly. As such, users should exercise caution and employ risk management strategies when trading on Poloniex.com or any other exchange.
Additionally, the reliability of an exchange may vary based on individual experiences and external factors. Factors such as network congestion, market conditions, or regulatory changes can impact the overall reliability of an exchange. It is recommended that users stay informed about the latest developments and employ due diligence when engaging in trading activities.
In conclusion, Poloniex.com has demonstrated reliability over the years through its commitment to security, a solid track record, and a healthy trading environment. However, users should remain vigilant and stay updated with market trends to make informed decisions when trading on the platform.
Financial expert and analyst at TradersHero.com
Risk Warning. Trading on Poloniex.com involves certain risks that users should be aware of. The cryptocurrency market is highly volatile, and prices can fluctuate rapidly. The value of cryptocurrencies can experience significant and sudden changes, resulting in potential gains or losses. Users should carefully consider their risk tolerance and financial situation before engaging in trading activities on the platform.
Poloniex.com Ern
Investment Programs
On Poloniex.com, users can earn money through various programs and features offered by the platform. Here are some ways to potentially earn money on Poloniex.com:
Polo Earn is a feature on Poloniex.com that allows users to earn passive income by lending their cryptocurrencies to other users on the platform.
The specific details and options available within the Polo Earn program may vary, including the supported cryptocurrencies, interest rates, and lending terms. It's important to review the platform's documentation and terms of service for accurate and up-to-date information on how to participate in Polo Earn and the specific requirements and conditions associated with lending your cryptocurrencies.
Please note that lending programs, including Polo Earn, carry inherent risks. It's important to assess the risks involved, consider the credibility and reputation of borrowers, and evaluate the potential returns before participating in any lending activities on Poloniex.com or any other platform.
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Conditions
Trading Conditions for Poloniex.com Users
Poloniex.com offers a comprehensive set of trading conditions to cater to users' needs in the cryptocurrency market. The platform supports a wide range of trading pairs, including major cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC), as well as numerous altcoins. This variety allows users to access diverse trading opportunities and explore different investment options.
When it comes to trading fees, Poloniex.com follows a tiered fee structure based on a maker-taker model. The fees are determined by factors such as trading volume and user's 30-day trading history. Higher trading volumes and active market-making can result in lower fees, providing potential cost benefits for more active traders.
Poloniex.com offers various order types to suit different trading strategies and preferences. Users can place market orders for immediate execution, limit orders to specify price levels, and stop orders to trigger trades at predetermined conditions. This flexibility empowers users to implement their preferred trading strategies and react to market dynamics effectively.
For users seeking additional opportunities, Poloniex.com provides margin trading options. Margin trading enables users to leverage their positions by borrowing funds, potentially amplifying profits. However, it is essential to understand the associated risks and manage leverage carefully to avoid significant losses.
Poloniex.com prioritizes the security of user accounts and funds. The platform employs measures such as two-factor authentication (2FA) to enhance security and protect against unauthorized access. User assets are stored in cold storage, adding an extra layer of protection against potential threats.
| 📅 Year of Establishment | 2014 |
| 💱 Coins: | 360+ |
| 💰 Min deposit | From $50 |
| ⚖️ Leverage | 1:100 |
| 💹 Trading fees | 0.125% |
| 💳 P2P platform | ❌ |
| 🔁 Copy Trading | ❌ |
| 📈 Directives | Poloniex.com offers a range of trading options, including spot trading, margin trading, and lending services. They support perpetual futures contracts, options trading, and leveraged tokens. |
| 📊 DeFi Staking | ✅ |
| 🖼️ NFT | ✅ |
| 🏦 Crypto Loans | ✅ |
| 🔓 Demo account | ✅ |
| 🚀 Launchpad | ✅ |
| 📱 Mobile apps | iOS, Android |
| 📞 Customer Service | Chat, Email |
| 👩💼 Support | Multilingual |
| 🗺️ Headquarters | United States |
Risk Warning
Comparison
Comparison of Poloniex with other Crypto Exchanges
Crypto Exchanges comparison table of trading instruments
Commissions
Poloniex.com Accounts, Commissions & Fees
Poloniex.com offers different account types to meet the needs of its users. Let's explore some of the account types and their associated conditions and fees in more detail:
- Starter Account:
- This is the basic account type available to all users upon registration.
- It provides access to essential trading features and services on the platform.
- Users can deposit, trade, and withdraw funds with a Starter Account.
- Verified Account:
- By completing the verification process, users can upgrade to a Verified Account.
- Verification requirements may include providing personal information, proof of identity, and address verification documents.
- A Verified Account offers additional benefits, such as higher withdrawal limits and access to advanced trading features.
It's important to note that the account types, conditions, and fees may be subject to change. Users should visit the official Poloniex.com website or contact their customer support for the most recent and accurate information regarding account types, conditions, and fees.
Poloniex trading fees
| TIER | 30 DAY TRADING VOLUME | TRX BALANCE | MAKER FEE / TAKER FEE | TRX MAKER FEE / TAKER FEE |
|---|---|---|---|---|
| 1 | < $50K | < $49 | 0.1450% / 0.1550% | 0.1015% / 0.1085% |
| 2 | < $50K | > $49 | 0.1150% / 0.1250% | 0.0805% / 0.0875% |
| 3 | $50K – $1M | N/A | 0.1050% / 0.1200% | 0.0735% / 0.0840% |
| 4 | $1m – $10m | N/A | 0.0700% / 0.1150% | 0.0490% / 0.0805% |
| 5 | $10m – $50m | N/A | 0.0500% / 0.1100% | 0.0350% / 0.0770% |
| 6 | $50m+ | N/A | 0.0200% / 0.1000% | 0.0140% / 0.0700% |
| Plus Silver | Silver | N/A | 0.0000% / 0.0600% | 0.0000% / 0.0420% |
| Plus Gold | Gold | N/A | 0.0000% / 0.0400% | 0.0000% / 0.0280% |
The maker and taker model is implemented to distinguish between fees applied to trade orders that provide liquidity (known as “maker orders”) and those that consume liquidity (known as “taker orders”). This model ensures that different fees are charged based on the type of trade order.
When you place a maker order on Poloniex, you add liquidity to the order book by setting a limit order below the current market price for buying or above the market price for selling. Maker fees are incurred for these orders.
On the other hand, if you place a taker order that matches and executes against an existing order on the order book, you are considered a liquidity remover. Taker fees are charged for these orders as they remove liquidity from the order book.
Poloniex trading fees are set at 0.145% for maker orders and 0.155% for taker orders. The specific fee rates may vary, so it's recommended to refer to the official fee schedule provided by Poloniex for the most accurate and up-to-date information on trading fees.
Trading carries inherent risks, and it is important to understand and acknowledge these risks before engaging in any trading activities. The cryptocurrency market, like any other financial market, can be highly volatile and unpredictable. Prices of cryptocurrencies can fluctuate rapidly, and there is a possibility of substantial gains as well as significant losses.
Risk Warning
Final review
Detailed review of Poloniex.com
Poloniex.com is a well-established cryptocurrency exchange that has been serving traders since 2014. With its extensive experience in the industry, the platform has built a solid reputation among users worldwide.
Poloniex.com boasts an impressive selection of cryptocurrencies available for trading. With over 100 coins supported, users have access to a diverse range of digital assets, enabling them to explore various investment opportunities and strategies. The platform's wide range of supported coins contributes to its appeal among cryptocurrency enthusiasts.
One of the key strengths of Poloniex.com is its user-friendly and intuitive trading interface. The platform is designed to provide a seamless trading experience, catering to both beginner and experienced traders. The interface is clean, organized, and offers advanced charting tools, allowing users to analyze market trends and make informed trading decisions.
In terms of liquidity and trading volume, Poloniex.com has established itself as a reputable exchange with a considerable user base. The platform's robust trading infrastructure ensures sufficient liquidity, allowing users to execute trades efficiently without significant slippage.
The exchange offers margin trading services, providing users with the opportunity to amplify their trading positions and potentially increase their profits. Additionally, the platform supports lending services, allowing users to lend their cryptocurrencies and earn interest on their holdings. These features provide additional avenues for users to diversify their trading strategies and generate passive income.
Customer support on Poloniex.com is available through various channels, including forums, chat, and email. The support team is generally responsive and helpful, addressing user inquiries and concerns in a timely manner.
Overall, Poloniex.com stands as a reputable cryptocurrency exchange with a user-friendly interface, a wide range of supported cryptocurrencies, strong security measures, and additional features like margin trading and lending. Traders looking for a reliable platform with diverse trading options may find Poloniex.com to be a suitable choice.
Advantages:
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Poloniex.com Regulator
Poloniex.com is a cryptocurrency exchange that operates under the regulatory framework of various jurisdictions. While it is committed to complying with relevant legal and regulatory requirements, the specific regulatory status and oversight may vary depending on the user's country of residence and the jurisdiction in which Poloniex.com operates.
It's important to note that cryptocurrency regulations are evolving, and the regulatory landscape can differ across countries. Poloniex.com takes measures to ensure compliance with applicable laws and regulations in the jurisdictions it operates in. This includes implementing know-your-customer (KYC) procedures and anti-money laundering (AML) policies to promote a secure and compliant trading environment.
Users are encouraged to review the terms of service, legal documentation, and regulatory information provided by Poloniex.com to understand the specific regulatory framework and compliance measures in place. Additionally, users should consider consulting with legal or financial professionals to ensure they are aware of the regulatory implications associated with trading on Poloniex.com.
As regulations continue to develop and evolve, Poloniex.com strives to adapt and comply with the changing regulatory landscape to provide a secure and compliant trading environment for its users.
Risk Warning
Promotions
Bonuses Paid by the Poloniex.com
Bonuses
Poloniex.com offers various bonuses and promotional programs to incentivize and reward its users. These bonuses can vary over time, and it is recommended to refer to the official Poloniex.com website or promotional announcements for the most up-to-date information on available bonuses. Here are some examples of bonuses that Poloniex.com has offered in the past:
It's important to note that the availability and terms of bonuses can change, and certain conditions or requirements may apply to qualify for or receive these bonuses. Users should carefully review the terms and conditions associated with any bonuses or promotional programs offered by Poloniex.com to ensure they understand the eligibility criteria and any applicable rules or restrictions.
For the most accurate and up-to-date information on current bonuses and promotions offered by Poloniex.com, it is recommended to visit their official website or refer to their official announcements and communication channels.
Education
Review of the Poloniex.com Education Program
The Poloniex.com Education Program aims to provide users with educational resources and materials to enhance their understanding of cryptocurrencies, blockchain technology, and trading strategies. The program offers a range of educational content designed to cater to both beginner and advanced traders. Here is a review of the Poloniex.com Education Program:
Online Courses:
These online courses offered by Poloniex.com provide valuable educational resources for traders at various levels of experience. They are designed to empower users with the knowledge and skills needed to navigate the cryptocurrency market more confidently and make informed trading decisions. It is recommended to visit the Poloniex.com website or their educational resources section for the most up-to-date information on available courses and their specific content.
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Rating and Comments
Poloniex.com Users Reviews 2024
Authors:
Roman Mukhin
Financial expert, analyst and author
Jane Emberg
Financial analyst and editor
The platform suffers from frequent technical glitches and system crashes, causing serious disruptions during trading. Customer support is virtually non-existent, response times are slow, and solutions to problems are inadequate. In addition, the platform’s trading fees are significantly higher compared to other exchanges, making it an expensive choice for traders.
Poloniex has been for me a reliable and efficient cryptocurrency exchange. The platform offers a wide range of trading pairs and advanced trading tools, making it suitable for both beginners and experienced traders. The user interface is intuitive and I had no problems with depositing or withdrawing funds. The customer service was responsive and helped me whenever I had any questions. Overall, Poloniex is a great platform for trading cryptocurrencies.
The platform lacks transparency regarding commissions and account verification requirements. I had difficulty withdrawing funds and the support team was unresponsive and unhelpful in resolving my issues. In addition, there have been reports of security breaches and hacks in the past, raising concerns about the overall security of the platform. I would advise caution when using Poloniex to trade cryptocurrencies.
I experienced occasional technical issues such as slow order execution and occasional downtime. Support response time was average, and some issues took longer than expected to resolve. Overall it is an average platform, but there is room for improvement.