Review on Poloniex by Gabriel Medina
An option to consider
Founded in 2014 and headquartered in the US, Poloniex is a cryptocurrency exchange platform. Its main function is to act as a cryptocurrency exchange, among which we can find the majority that are available in the world.
Another important feature of Poloniex is that it allows margin trading, like for example Kraken, which makes it very attractive to many users.
Another notable feature of Poloniex is that it offers a Bitcoins credit service, in which bidders and applicants exchange their cryptocurrencies for short periods, usually 2 days, in exchange for a specific interest.
Pros
- It has one of the widest cryptocurrency selections in the world.
- You can trade with leverage (Margin trading).
- Good liquidity.
- It handles stop-limit type orders with which the user can reduce risk.
Cons
- It has had negative reviews from the crypto community regarding withdrawals and support service.
- The website is slow.
