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1727.75 Karma

Review on Poloniex by Joseph Bello

Revainrating 4 out of 5

The Rise And Fall Of Poloniex Exchange.

Poloniex exchange came into limelight in the year 2014 ,from its inception as an exchange it has brought improvements to the trading of crypto currencies. This is one of the exchange that has made a remarkable impact in the industry since it has been founded.
The quality of their service speaks well of them both home and away ,though they focus majorly in the US market but because of the authenticity of their services they attract altcoin Holder's around the world to themself. ,this has made me convinced that this is a geniue exchange that I should explore .Though at first when I made use of the exchange it was kind of confusing but with time I got the know how it work and I can now testify about their service,through this I got to know about the usability and flexibility of the poloniex exchange which is superb.
Just few years after their existence things turned around for them as they faced a major setback when the exchange was breached leading to the lost of some Digital currency ,but they took an amazing step to cover up their flaws but compensating their customers,this is a rare feature/ character that I will say isn't common to other exchange I have known. This has drastically affected the company as they are still in shock of what happened to them.
From what i can see ,poloniex is already getting out of the Shock and will soon be fully back in business and in no time it will soon reclaim it's niche in the exchange sector.I will urge anyone who is looking for an exchange with a low transaction fee and wide range of supported crypto currencies to go for poloniex exchange.



Pros
  • They charge low fees for their transactions
  • They offer a wide range of crypto currencies
  • They give marginal trading and lending support to traders
  • They allow traders to make massive incomes
  • They are rated as one the most affordable exchanges
Cons
  • The use of flat currencies is not allowed for trading
  • The customer support is not too responsive
  • Their security has once been breached

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