Review on Poloniex by Fanuel PORPORTY
Poliniex, an efficient and secure trading platform
Poloniex is one of the best known crypto platforms. It offers good security and advanced trading features. Poloniex is one of the largest cryptocurrency exchange platforms in the world. The company was established in the United States in early 2014.
Poloniex quickly became a benchmark in the popular world of cryptocurrencies since hundreds of thousands of users trusted it. Let's review the different aspects of this platform and try to better understand its many features.
The site is relatively simple and intuitive. It has two main sections, namely trading and margin trading. In the first case, you can simply exchange your basic cryptocurrency for other cryptocurrencies. In the second, you have the possibility of taking positions with leverage, which is more in both directions, namely long or short. The Poloniex site offers only a few explanations and it was above all designed for experienced speakers. It is therefore necessary to take the time to fully understand how it works and to train yourself, at the start, by taking small positions in order to minimize the risk of errors.
Pros
- What makes Poloniex a platform you can't get rid of is its bot that allows you to execute exchange actions even when unavailable. Its also offered possibilities to be able to borrow tokens and to be able to configure several wallets of different cryptocurrencies, are undoubtedly its best services.
- In terms of security, Poloniex, prevents any type of computer attack, by automatically moving your assets on physical media cut from the platform, and keeps only enough tokens online for daily exchanges.
- Due to the user-friendliness of its interface, its chat box with the rest of the users, Poloniex is one of the largest cryptocurrency exchange platforms.
Cons
- The first drawback, which is often likely to confuse novices, is that Poloniex does not offer Fiat currency. So you generally have to buy, at the base, a cryptocurrency on another platform which it accepts. The same will apply if you wish to withdraw your winnings since you will not be able to convert them directly to Poloniex or even send them to your bank account. This therefore multiplies operations and costs.
