Review on Poloniex by Peter John
Poloniex exchange
Exchange platform are very essential for any crypto enthusiast this is why making choice of where to trade or exchange their crypto asset can be a little complicated sometimes it will be required for users to make sure they always double check by making research on any platform before making any necessary investment or deposit. Poloniex exchange is onc of the best exchange today have been around since 2014, which makes it a competitive exchange in the market today although there are some shortcomings about Poloniex exchange which are previous hack breach which have occurred in the previous years this has made the exchange strengthen their security system today the exchange can be said to be very sensitive when it comes to securing it users account using 2FA authentication for layer 2 protection using valid ID card for more verification. it also support API features so as to block hackers with unidentified location.
Poloniex has analytical tools to help traders take maximum advantage of the market these tools help traders to make analysis there is provided price tag on each crypto pair to make traders keep track of currency price in the exchange Interestinly Poloniex support multiple crypto pairs which includes coins and altcoins for making trade transaction fee in the exchange are not high with 0.25% fee, there is support for making purchase and deposit of both crypto and fiat currency using bank deposit and credit card.
Poloniex exchange has flexible features which have made the platform attract multiple users I see this exchange as a recommended platform for trading.
Pros
- Poloniex exchange has good security system with 2FA authentication and layer 2 ID card verification
- Support users with analytical tool for making trade
- Supported on both web and mobile application
- There are multiple crypto pairs supported on the exchange it also support fiat currency
- Crypto currency can be bought using credit card and bank account
Cons
- There is high competition in the market today with other exchange
