Review on Poloniex by Adedamola Adeniji
Poloniex an exchange for Pros and Newbies
Hi today I will share with my views about Poloniex. Tristan D'Agosta Launched Poloniex in the year 2014. It is located in Delaware, US, where there is high regulatory oversight and regulations
Poloniex affords users the opportunity to buy trade and sell varieties of Crypto currencies, which includes Frontliners like ETH and Bitcoin. It is highly famous with a daily trading volumes amounting to over 100 million American dollars. If you are a pro trader Poloniex gives you additional services like margin trading and even Poloniex trading bot Aivren. It also charges the lowest fees, next to Binance that charges 0.1 percent
For us traders our option of choosing an exchange platform varies between ones that allow fiat deposit or the ones with the lowest fees or charges. Good news is Poloniex offers both with the introduction of its newest upgrade and band.
Poloniex has a very large amount of liquidity, especially with coin pairings, this is an important fact for you as you will always find some to trade with and reduce the risk of volatility
Without wasting words I make bold toto recommend Poloniex to you, you won't regret it.
Pros
- Poloniex is very secure and safe, this is premises on where it is located the US a country with one one the strictest regulation and oversight.
- Poloniex affords users the opportunity to buy, trade and sell varieties of Crypto which includes the Frontliners like ETH and Bitcoin
- On Poloniex you don't have to verify your identity except you want to trade more the 2000 dollars a dollars a day. This is made possible because on Poloniex you don't have anything to do with real world money
Cons
- Poloniex needs to start exploring the African market.
New products
Comments (1)
January 10, 2021
It has a low liquidity, trading is done at zero cost on this platform which is an extreme advantage to traders and a competitive feature over other cryptocurrency exchanges around, it as well has a very competitive withdrawal fee.
It doesn't accept any other deposit method aside cryptos.
