Poloniex Exchange ReviewCentralized
Poloniex, founded in January 2014, is a crypto-asset exchange / cryptocurrency exchange that serves the cryptosphere via a 120+ active markets. They also offer trading access to more than one cryptocurrency pair. A Poloniex exchange review reveals that the main cryptocurrencies offered at this digital asset exchange are Bitcoin (BTC), Ethereum (ETH), Monero (XMR) and also stablecoins such as USD Coin (USDC) and Tether (USDT).
A Poloniex exchange review also reveals that this US-based crypto exchange was hacked in March 2014. The hack resulted in the loss of 12.3% of all the Bitcoin held at Poloniex at the time. Poloniex Founder and CEO, Tristan D’Agosta, handled the situation well – something that generated praise from the crypto community at the time. Poloniex has since then faced many challenges, including those regulatory in nature. In addition, Poloniex was acquired by Circle in 2018, the company behind Circle, a multi-currency app that allows for instant money transfers.
Poloniex offers spot trading, margin trading and also provides a lending platform where loan offers and demands for loans can be listed. A Poloniex exchange review also shows that a Poloniex crypto exchange app is available for download at the App Store, Google Play and Android APK. Furthermore, identification is required to be able to make deposits and withdrawals at this this cryptocurrency exchange. Poloniex also offers advanced trading features and make use of cold storage that is offline and air-gapped in order to store the bulk of customer deposits. This is to limit risk and exposure in case of a hack.
24h Trading Volume3367.967 BTC
Poloniex Exchange Review
Poloniex Fees Discount
Lower fees for makers and for high 30 day trading volumes.
More details can be found here
Poloniex Deposit feesFree
Poloniex Trading fees
Taker: 0% – 0.25%
Maker: 0% – 0.15%
Accepted Payment MethodCrypto to Crypto only