Review on Poloniex by Muhammed Özdemir

Name: Poloniex
Item: Poloniex
Rating: 5

April 22, 2021

Poloniex

My answer to the question of when Poloniex originated, here is a cryptocurrency exchange launched by Tristan D’Agosta in 2014. their offices are located in Delaware in the USA, which means they operate in a highly regulated country. Poloniex allows us users to trade less popular lower coins other than popular coins such as Bitcoin, Ethereum, Binance coin and Eos coin, and also allows you to sell them. This feature is very advantageous for us users. With a daily trading volume of more than $ 150 million, Poloniex is among the most used! They make a profit by taking a fee from both the buyer and the seller in the daily purchases and sales through Poloniex. you also pay a maximum fee of 0.125% and the sender always pays less than the recipient. Although Poloniex has very low fees, it is unfortunately not as low as its rival Binance, which offers only 0.1% fee. If we come to Poloniex Advantages and Disadvantages, each cryptocurrency exchange has its own disadvantages. Sometimes, some of us users prefer to be able to deposit with fiat money while some of them are looking for the lowest fee. When creating an account, we need to consider all options. If we come to its advantages, one of the main advantages of Poloniex is that it has a large selection of cryptocurrencies. One of its advantages is that Poloniex also has smaller-scale cryptocurrencies such as BlackCoin, Bela and Burst. When it comes to trading, Poloniex has a really good selection of tools, as well as stop-limit orders ranging from 4.5 minutes to 4 hours, candlestick charts, ability to zoom the charts and similar features are among its best advantages. Poloniex also has a very simple and convenient interface. Its presence in the USA is because the US government is very strict. Poloniex does everything in its power to keep its customers' investments safe. They are aware that if something bad happens otherwise, US administrators will be fined excessively. Poloniex is extremely safe when it comes to the question of whether it is safe. In fees, Poloniex is one of the best and safest in the industry for withdrawals and deposits. You only pay blockchain transaction fees! There are many exchanges that take a fee and make a profit while withdrawing money. Moreover, they get a fee for every purchase and sale you make.
 The buying and selling pricing is quite reasonable on the Poloniex stock exchange. You pay a maximum fee of 0.25%, and if you buy and sell large volumes, the rate decreases. Regarding the disadvantages, one of the main disadvantages of using Poloniex is that you cannot use traditional methods such as debit / credit card or bank account. It can be quite annoying if you are depositing money for the first time, you have to deposit with cryptocurrencies. This is one of the disadvantages. It allows to invest and withdraw with money, as is the case with Coinbase and other exchanges. Any disadvantages have also led to doubts about security to users. If you ask what is the reason for this, the stock market was attacked by a massive hacker in 2014. In this attack, 12.3% of the Bitcoin supply was stolen.
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