Review on Poloniex by Tam Pham Duy

Name: Poloniex
Item: Poloniex
Rating: 3

August 08, 2018

In the time I used Poloniex, I personally never had any issues with the…

In the time I used Poloniex, I personally never had any issues with the exchange.  Still, the widespread issues brought up on forums and from friends were enough to make me withdraw my funds and use different sites.  
If you’re looking for a site very similar to Poloniex, I’d recommend using Binance instead.  If you’re just looking for a simple way to buy your first cryptocurrency, I’d recommend Coinbase, Bittrex. 
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Pros

Poloniex Customer Support While the issues of Poloniex potentially reach further than poor customer support. Poor customer support is a huge issue for the cryptocurrency industry as a whole. Poloniex users have experienced customer support issues taking weeks or even months to be resolved. Withdrawal Issues In many of the above customer support issues, Poloniex users were inquiring about withdrawal problems they had on the exchange. Some users have experienced withdrawals “awaiting approval” for prolonged periods of time, despite their accounts appearing to be in good standing.

Cons

What are Poloniex’s Fees? Trading fees are typically below .25%. You can see more information on their site. There are no deposit fees, although withdrawal fees will vary depending on the cryptocurrency you’re withdrawing. These withdrawal fees are charged by the cryptocurrency’s network, not Poloniex.