Review on Poloniex by Alex Martakov
Reviews of this exchange give a mixed assessment. Among the undoubted…
Reviews of this exchange give a mixed assessment. Among the undoubted advantages it is worth noting excellent liquidity, a wide range of forks, as well as the possibility of lending. Poloniex is a great example of the exchange, suitable for beginners and for professionals. But, there are also significant disadvantages: the terrible work of the support service, the answer from which you can wait for months. Sometimes, at the most interesting time, the exchange may not be available. In addition, the exchange, taking advantage of the information advantage, can play against its participants.
Updated 5 years ago
Rating changed from 3 to 4
the site began to load more quickly, quality customer service rose, in principle, satisfied with the exchange, but it is worth wanting the best!
Pros
- - Clear and pleasant interface, excellent navigation, ability to sort tokens by various parameters. - Advanced functionality, the possibility of margin trading with a leverage of 2.5 x, as well as lending. - Wide selection of sufficiently liquid altcoins. - Excellent liquidity. - Availability of useful services such as API and 2FA. - Low Commission, which depends on the turnover of trading during the last 30 days. In addition, for those participants who create orders, the size of the Commission can be 0. - Clear charts that can be easily scaled, as well as the availability of different timeframes. - Advanced analysis tools. - Relatively low Commission for withdrawal.
Cons
- - The site is loaded slowly in comparison with the sites of other crypto-currency exchanges. - Customer service leaves much to be desired. - Management of private keys is centralized, clients ' funds are exposed to custodial risks. - There are no advanced warrants. - Fiat currencies are not accepted. - The exchange was hacked in 2014. However, it fully reimbursed the losses to the affected users. - Requires customers to create accounts and verify their identity through a large number of actions.
