Review on Poloniex by Hakan Altan
POLONİEX
One of the main advantages of using Poloniex is that the variety of cryptocurrencies is huge. It has big coins like Ripple, Steem, Monero, and Bitcoin Cash, as well as smaller cryptocurrencies like Poloniex, BlackCoin, Bela, and Burst.
Poloniex has really good tools when it comes to trading. Charts ranging from 5 minutes to 4 hours, stop-limit orders, zoom to tables, etc. These are not all new applications on the platform of course, but the interface is simple to use.
Another advantage of using Poloniex is that it has a particularly large amount of liquidity (in altcoin pairs). This is important because it means there is always someone you can trade with and the risk of volatility is low.
Another advantage of using Poloniex is that it has a particularly large amount of liquidity (in altcoin pairs). This is important because it means there is always someone you can trade with and the risk of volatility is low.
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Another advantage of the Poloniex exchange is that you do not need to be authenticated unless you are trading large amounts.
Finally, if you run into an issue and need support, there are many options you can choose to get help! Ticket support, e-mail, live chat. I always prefer live chat for exchanges because there is direct support.
Pros
- Plenty of cryptocurrency options
- Easy to use
- Only blockchain fee is charged for deposits and withdrawals
- No authentication required if you are not trading large amounts
- Customer service options
Cons
- No traditional payment methods such as credit / debit cards or bank accounts
