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Review on Poloniex by samir shahi
Even with so many different exchanges for Bitcoin and other cryptocurrencies…
Even with so many different exchanges for Bitcoin and other cryptocurrencies, Poloniex remains a leader. It has been in the industry for several years and has all the features that traders search for. This is also one of the few exchanges based in the United States. Poloniex prides itself on offering advanced trading features and maximum security.
Poloniex launched in 2014 and is based out of Wilmington, Delaware, in the United States. It was very recently acquired by Circle, a large Goldman-Sachs backed company which is great news for Poloniex and it’s users and indeed, Cryptocurrency in general. With Circle as the new owners they aim to make Poloniex the first regulated Exchange by registering with the SEC and FINRA as a broker / dealer. They also have plans to expand the exchange into the Asian market.
What Features Will Traders and Developers Appreciate?
There are many features on Poloniex that experienced traders will appreciate. You can find a range of efficient data-analysis tools, along with very detailed charts that let you make educated decisions regarding trades. The high-volume nature of Poloniex also appeals to traders, particularly the ability to do lending and margin trading
Pros
- Low fee for withdrawal. Have lending. Large volume. Very easy to use.
Cons
- Don't have FIAT currencies, like USD, GBP, EUR etc. Transaction Fee is very high for ETH (0.01). No withdrawal any amount without KYC.
