Review on Poloniex by Raihan Sarker

Name: Poloniex
Item: Poloniex
Rating: 5

August 07, 2018

The Poloniex Advantages Poloniex is known to be the biggest exchange by…

The Poloniex Advantages
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Poloniex is known to be the biggest exchange by Ethereum volume in 2017.
Exchange offers plenty of top coins for some serious crypto traders.
Detailed interactive charts and plenty of tools made for analyzing data in real time.
High volume margin trading and lending services for top crypto coins.
Welcomes users from all over the world.
Over 70 crypto coins are available for daily trading.
Relatively generous deposit and withdrawal fees.
Very active community when it comes to delivering on point support.
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Disadvantages of Poloniex
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Users are actively reporting funds withdrawing issues.
The private keys to your wallets are being stored on Poloniex’s centralized server, further increasing the potential of security breaches.
Poloniex is a crypto only exchange! Users looking to deposit fiat should consider an alternative.
Poor customer support.
Physical location of the exchange is unknown and subject for raising eyebrows.
High volume Traders are required to verify identity.
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The interface is a beauty in my opinion. The user friendly BTC market navigation links that are made for easy order execution, without having to wonder around the site (XBTCE is a good example of “not a user friendly interface”).Users make reports about Poloniex’s exchange platform trading experience being closely comparable to Bittrex and Bitfinex. Simple navigation make trading easy even for the beginners. Though some users make complains about deposits taking longer than usual to become available for trading, however in my personal experience this was never an issue. There were a couple of instances when a deposit took more than several hours due to Bitcoin network being heavily clogged in December 2017. Furthermore, folks make claims about unresponsive customer support, where tickets are not being addressed efficiently.
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