RESEARCH & ANALYSIS
FOR THE CRYPTO ECONOMY.

Poloniex

Poloniex Exchange Review

Centralized

Poloniex Overview

  • 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.

    The exchange is one of the pioneers in the industry in the US, which is saying a lot as the US is known to be a hub for cryptocurrency investors and exchanges. It is known for offering a wide range of cryptocurrencies that are available to trade. It also provides service across the globe, and there aren’t any countries that Poloniex’s services are not available to, as far as we know of.

    The exchange does not allow fiat-crypto trading and acts as a purely crypto-to-crypto platform. This could deter new cryptocurrency investors from trading on the platform, as it would be quite impractical for them to start trading on a purely crypto-to-crypto exchange. The platform charges relatively average fees. It works on a tiered structure, where trading fees go down as the user’s trading volume goes up. The starting fees are 0.15% for makers and 0.25% for takers. It can go as low as 0% for makers and 0.05% for takers, which is an impressive number. The global industry average for trading fees is 0.25%, hence this puts Poloniex in the middle, depending on the user that is being charged.

    As an additional safety measure following the hacking incident in 2014, Poloniex has adopted a 24/7 monitoring system, where any and all suspicious activity is reported daily, alongside the use of two-factor authentication (2FA) system.

    One of the biggest complaints that Poloniex receives is on its website and customer support. Many user comments online have complained about the slow speed of the exchange’s website, with some saying that its lack of speed had caused them to suspect fraudulent activity from time to time. Though the latter part is not correct, the fact that users have suffered from such incidents when trying to withdraw funds from their account is an important factor to consider when trading on the platform. Their customer support has also been reported to be very slow and unresponsive at the time. Most negative comments by users on online platforms have not been attended to by the Poloniex customer support, which shows a lack of interest and capability.

    Poloniex Exchange Review, Trading Fees, Deposit and Markets

    • 24h Trading Volume

      1,329.79 BTC

      • Poloniex Total Trading Pairs

        94

        • Poloniex Margin Trading

          Yes

          • Poloniex Deposit fees

            Free

            • Poloniex Trading fees

              Taker: 0.1% - 0.25% Maker: 0% - 0.15%

              • Poloniex Fiat Deposit

                No

                • Accepted Payment Method

                  Crypto to Crypto Only

                  • Poloniex Native token

                    No

                    • Native token smart contract

                      N/A

                      • Poloniex Trading Markets
                        • Poloniex Stablecoins trading

                          Poloniex Markets Data

                          Market Price Volume(24h) Change(24h) Last update
                          ARDR/BTC Ƀ 0.00000661 ARDR 461,942.4

                          Ƀ 2.5e-7

                          3.93%

                          2019-09-23 14:30:52
                          ATOM/BTC Ƀ 0.0002731 ATOM 32,749.3

                          Ƀ -0.000016

                          -5.52%

                          2019-09-23 14:41:08
                          ATOM/USDC USDC 2.71 ATOM 577.83

                          USDC -0.17

                          -5.80%

                          2019-09-23 14:40:41
                          ATOM/USDT ₮ 2.68 ATOM 3,417.77

                          ₮ -0.20

                          -6.83%

                          2019-09-23 14:40:36
                          BAT/BTC Ƀ 0.00002080 BAT 107,719.5

                          Ƀ 7.7e-7

                          3.84%

                          2019-09-23 14:41:28
                          BAT/ETH Ξ 0.0009875 BAT 7,370.51

                          Ξ 0.000044

                          4.64%

                          2019-09-23 14:31:00
                          BAT/USDT ₮ 0.2046 BAT 87,109.0

                          ₮ 0.0037

                          1.82%

                          2019-09-23 14:31:10
                          BCH/BTC Ƀ 0.03061 BCH 422.97

                          Ƀ -0.000088

                          -0.29%

                          2019-09-23 14:40:41
                          BCH/USDC USDC 300.90 BCH 194.49

                          USDC -5.41

                          -1.77%

                          2019-09-23 14:28:43
                          BCN/BTC Ƀ 0.00000005 BCN 17,871,490.6

                          Ƀ 0.0

                          0.00%

                          2019-09-23 14:36:20
                          BNT/BTC Ƀ 0.00003970 BNT 266.11

                          Ƀ -3.0e-7

                          -0.75%

                          2019-09-22 23:56:00
                          BSV/BTC Ƀ 0.01196 BSV 1,589.76

                          Ƀ 0.0000068

                          0.06%

                          2019-09-23 14:40:52
                          BSV/USDC USDC 117.00 BSV 826.39

                          USDC -3.81

                          -3.15%

                          2019-09-23 14:41:20
                          BTC/USDC USDC 9,847.30 Ƀ 206.97

                          USDC -137.08

                          -1.37%

                          2019-09-23 14:41:35
                          BTC/USDT ₮ 9,846.88 Ƀ 658.25

                          ₮ -132.72

                          -1.33%

                          2019-09-23 14:41:47
                          BTS/BTC Ƀ 0.00000338 BTS 308,713.3

                          Ƀ 7.0e-8

                          2.11%

                          2019-09-23 12:06:43
                          CLAM/BTC Ƀ 0.0003956 CLAM 903.68

                          Ƀ -0.000014

                          -3.50%

                          2019-09-23 13:32:35
                          CVC/BTC Ƀ 0.00000445 CVC 150,861.9

                          Ƀ -2.2e-7

                          -4.71%

                          2019-09-23 11:28:37
                          DASH/BTC Ƀ 0.009061 DASH 2,333.71

                          Ƀ -0.00014

                          -1.53%

                          2019-09-23 14:39:58
                          DASH/USDT ₮ 88.69 DASH 48.36

                          ₮ -2.76

                          -3.02%

                          2019-09-23 14:25:18
                          DCR/BTC Ƀ 0.002151 DCR 1,372.10

                          Ƀ -0.00014

                          -6.05%

                          2019-09-23 14:39:24
                          DGB/BTC Ƀ 0.00000078 DGB 3,407,481.1

                          Ƀ -1.0e-8

                          -1.27%

                          2019-09-23 14:39:54
                          DOGE/BTC Ƀ 0.00000026 DOGE 9,663,835.3

                          Ƀ 1.0e-8

                          4.00%

                          2019-09-23 14:40:03
                          DOGE/USDC USDC 0.002500 DOGE 250,821.3

                          USDC -0.000053

                          -2.07%

                          2019-09-23 14:26:40
                          DOGE/USDT ₮ 0.002483 DOGE 1,804,544.2

                          ₮ -0.000084

                          -3.29%

                          2019-09-23 14:26:39
                          EOS/BTC Ƀ 0.0003832 EOS 17,943.1

                          Ƀ -0.0000066

                          -1.70%

                          2019-09-23 14:39:42
                          EOS/ETH Ξ 0.01820 EOS 447.72

                          Ξ -0.00021

                          -1.15%

                          2019-09-23 14:25:30
                          EOS/USDT ₮ 3.76 EOS 6,936.35

                          ₮ -0.11

                          -2.91%

                          2019-09-23 14:28:39
                          ETC/BTC Ƀ 0.0006065 ETC 2,853.11

                          Ƀ 0.0000050

                          0.83%

                          2019-09-23 14:40:45
                          ETC/ETH Ξ 0.02877 ETC 2,156.96

                          Ξ -0.00012

                          -0.43%

                          2019-09-23 14:27:20
                          ETC/USDT ₮ 5.98 ETC 2,493.02

                          ₮ -0.0038

                          -0.06%

                          2019-09-23 14:30:33
                          ETH/BTC Ƀ 0.02108 Ξ 5,992.69

                          Ƀ -0.000029

                          -0.14%

                          2019-09-23 14:40:41
                          ETH/USDC USDC 206.50 Ξ 3,190.73

                          USDC -4.00

                          -1.90%

                          2019-09-23 14:29:57
                          ETH/USDT ₮ 207.36 Ξ 7,400.64

                          ₮ -3.70

                          -1.75%

                          2019-09-23 14:41:24
                          FCT/BTC Ƀ 0.0003463 FCT 26,716.8

                          Ƀ 0.000024

                          7.59%

                          2019-09-23 14:39:01
                          FOAM/BTC Ƀ 0.00000241 FOAM 122,824.5

                          Ƀ 2.0e-8

                          0.84%

                          2019-09-23 14:09:50
                          GAME/BTC Ƀ 0.00000393 GAME 13,567.4

                          Ƀ -5.0e-8

                          -1.26%

                          2019-09-23 14:32:09
                          GAS/BTC Ƀ 0.0001305 GAS 256.57

                          Ƀ -0.0000064

                          -4.65%

                          2019-09-23 01:28:32
                          GNT/BTC Ƀ 0.00000592 GNT 116,731.9

                          Ƀ -2.3e-7

                          -3.74%

                          2019-09-23 14:25:40
                          GNT/USDT ₮ 0.05791 GNT 3,277.67

                          ₮ -0.0035

                          -5.74%

                          2019-09-23 14:25:41
                          GRIN/BTC Ƀ 0.0001852 GRIN 16,766.3

                          Ƀ -0.0000027

                          -1.45%

                          2019-09-23 14:41:47
                          GRIN/USDC USDC 1.82 GRIN 7,625.76

                          USDC -0.061

                          -3.26%

                          2019-09-23 14:25:55
                          KNC/BTC Ƀ 0.00002100 KNC 9,943.59

                          Ƀ 5.8e-7

                          2.84%

                          2019-09-23 13:17:54
                          LBC/BTC Ƀ 0.00000123 LBC 44,031.8

                          Ƀ 3.0e-8

                          2.50%

                          2019-09-23 04:17:01
                          LOOM/BTC Ƀ 0.00000247 LOOM 33,314.1

                          Ƀ 1.1e-7

                          4.66%

                          2019-09-23 14:40:26
                          LPT/BTC Ƀ 0.0004104 LPT 484.51

                          Ƀ 0.000016

                          4.04%

                          2019-09-23 11:17:32
                          LSK/BTC Ƀ 0.00009665 LSK 5,137.60

                          Ƀ 1.0e-8

                          0.01%

                          2019-09-23 14:25:13
                          LSK/USDT ₮ 0.9392 LSK 178.72

                          ₮ -0.030

                          -3.08%

                          2019-09-23 14:25:14
                          LTC/BTC Ƀ 0.007351 Ł 2,258.54

                          Ƀ 0.000097

                          1.34%

                          2019-09-23 14:40:49
                          LTC/USDC USDC 72.23 Ł 209.63

                          USDC 0.11

                          0.15%

                          2019-09-23 14:26:47
                          LTC/USDT ₮ 72.26 Ł 1,063.93

                          ₮ 0.26

                          0.37%

                          2019-09-23 14:28:41
                          MAID/BTC Ƀ 0.00001893 MAID 382,947.7

                          Ƀ -3.0e-8

                          -0.16%

                          2019-09-23 14:35:18
                          MANA/BTC Ƀ 0.00000318 MANA 73,189.1

                          Ƀ -1.2e-7

                          -3.64%

                          2019-09-23 12:01:23
                          MANA/USDT ₮ 0.03164 MANA 8,678.19

                          ₮ -0.0014

                          -4.14%

                          2019-09-23 12:23:36
                          NAV/BTC Ƀ 0.00001140 NAV 9,557.55

                          Ƀ 2.0e-7

                          1.79%

                          2019-09-23 12:30:55
                          NMR/BTC Ƀ 0.0004669 NMR 54.85

                          Ƀ 0.0000066

                          1.42%

                          2019-09-23 14:28:19
                          NXT/BTC Ƀ 0.00000160 NXT 1,345,987.2

                          Ƀ 0.0

                          0.00%

                          2019-09-23 14:41:07
                          NXT/USDT ₮ 0.01617 NXT 146,924.0

                          ₮ 0.00021

                          1.34%

                          2019-09-23 07:09:09
                          OMG/BTC Ƀ 0.0001063 OMG 2,903.21

                          Ƀ -0.0000017

                          -1.59%

                          2019-09-23 14:30:19
                          OMNI/BTC Ƀ 0.0001552 OMNI 49.33

                          Ƀ 0.0000069

                          4.66%

                          2019-09-23 12:47:48
                          PASC/BTC Ƀ 0.00001420 PASC 13,426.8

                          Ƀ -0.0000013

                          -8.39%

                          2019-09-23 14:01:44
                          POLY/BTC Ƀ 0.00000326 POLY 43,143.7

                          Ƀ -9.0e-8

                          -2.69%

                          2019-09-23 13:15:44
                          QTUM/BTC Ƀ 0.0002091 QTUM 2,983.05

                          Ƀ -0.0000012

                          -0.58%

                          2019-09-23 14:25:31
                          QTUM/USDT ₮ 2.04 QTUM 15,809.2

                          ₮ -0.068

                          -3.24%

                          2019-09-23 14:41:22
                          REP/BTC Ƀ 0.001068 REP 886.60

                          Ƀ 0.000015

                          1.44%

                          2019-09-23 12:42:10
                          REP/ETH Ξ 0.05129 REP 506.85

                          Ξ 0.00078

                          1.55%

                          2019-09-23 14:25:51
                          REP/USDT ₮ 10.44 REP 187.79

                          ₮ -0.057

                          -0.54%

                          2019-09-23 14:25:44
                          SC/BTC Ƀ 0.00000019 SC 7,364,988.1

                          Ƀ 0.0

                          0.00%

                          2019-09-23 14:09:13
                          SC/USDT ₮ 0.001918 SC 660,277.2

                          ₮ -0.000024

                          -1.23%

                          2019-09-23 14:39:42
                          SNT/BTC Ƀ 0.00000151 SNT 13,694.5

                          Ƀ -2.0e-8

                          -1.31%

                          2019-09-23 04:26:10
                          STEEM/BTC Ƀ 0.00001631 STEEM 6,761.30

                          Ƀ 1.0e-8

                          0.06%

                          2019-09-23 14:11:35
                          STORJ/BTC Ƀ 0.00001542 STORJ 18,943.9

                          Ƀ -5.4e-7

                          -3.38%

                          2019-09-23 12:02:47
                          STRAT/BTC Ƀ 0.00003492 STRAT 4,390.09

                          Ƀ -1.9e-7

                          -0.54%

                          2019-09-23 14:29:21
                          USDT/USDC USDC 0.9994 ₮ 77,948.3

                          USDC -0.00020

                          -0.02%

                          2019-09-23 14:37:36
                          VIA/BTC Ƀ 0.00002406 VIA 7,695.76

                          Ƀ 6.6e-7

                          2.82%

                          2019-09-23 13:16:48
                          VTC/BTC Ƀ 0.00002781 VTC 12,025.1

                          Ƀ -4.7e-7

                          -1.66%

                          2019-09-23 14:25:04
                          XEM/BTC Ƀ 0.00000460 XEM 313,330.1

                          Ƀ 1.1e-7

                          2.45%

                          2019-09-23 14:25:44
                          XLM/BTC Ƀ 0.00000680 XLM 4,301,055.3

                          Ƀ -1.4e-7

                          -2.02%

                          2019-09-23 14:39:02
                          XLM/USDC USDC 0.06671 XLM 192,917.8

                          USDC -0.0028

                          -4.00%

                          2019-09-23 14:25:51
                          XLM/USDT ₮ 0.06655 XLM 692,777.3

                          ₮ -0.0023

                          -3.40%

                          2019-09-23 14:35:30
                          XMR/BTC Ƀ 0.007160 XMR 2,503.84

                          Ƀ -0.00012

                          -1.60%

                          2019-09-23 14:40:42
                          XMR/USDC USDC 69.74 XMR 177.49

                          USDC -3.16

                          -4.34%

                          2019-09-23 14:39:57
                          XMR/USDT ₮ 70.31 XMR 60.95

                          ₮ -2.48

                          -3.41%

                          2019-09-23 14:39:14
                          XPM/BTC Ƀ 0.00001045 XPM 30,644.8

                          Ƀ -3.3e-7

                          -3.06%

                          2019-09-23 14:31:01
                          XRP/BTC Ƀ 0.00002751 XRP 2,723,906.7

                          Ƀ -3.7e-7

                          -1.33%

                          2019-09-23 14:40:46
                          XRP/USDC USDC 0.2700 XRP 1,377,802.2

                          USDC -0.0088

                          -3.16%

                          2019-09-23 14:31:31
                          XRP/USDT ₮ 0.2703 XRP 603,020.4

                          ₮ -0.0077

                          -2.79%

                          2019-09-23 14:40:57
                          ZEC/BTC Ƀ 0.004625 ZEC 451.87

                          Ƀ -0.000055

                          -1.17%

                          2019-09-23 14:27:10
                          ZEC/ETH Ξ 0.2191 ZEC 59.74

                          Ξ -0.00071

                          -0.32%

                          2019-09-23 14:25:28
                          ZEC/USDC USDC 45.49 ZEC 43.70

                          USDC -1.18

                          -2.52%

                          2019-09-23 14:30:14
                          ZEC/USDT ₮ 45.06 ZEC 1,228.78

                          ₮ -1.39

                          -2.99%

                          2019-09-23 14:25:45
                          ZRX/BTC Ƀ 0.00002209 ZRX 85,284.6

                          Ƀ -0.0000017

                          -7.15%

                          2019-09-23 14:40:12
                          ZRX/ETH Ξ 0.001044 ZRX 6,599.20

                          Ξ -0.000082

                          -7.31%

                          2019-09-23 14:38:01
                          ZRX/USDT ₮ 0.2145 ZRX 23,792.7

                          ₮ -0.024

                          -10.03%

                          2019-09-23 14:39:44

                          Poloniex Withdrawals

                          • Daily Withdrawal Limit

                            US $2,000. Verified: US $25,000 Gold Tier: up to $200,000 Platinum Tier: $200,000+

                            • Poloniex Withdraw fees

                              Depending on currency, bank wire USDC withdrawal is free.

                              • Poloniex Withdraw fees discount

                                High volumes discount More details here

                                All fees are 0% until Jan 1st 2020.

                                • Proof of Reserves

                                  N/A

                                  Poloniex Exchange Rating Analysis

                                  Last edit 18.09.2019

                                  • Poloniex is a US based crypto currency exchange site. Poloniex offers an above average number of tradable markets and a below average number of tradable pairs. Poloniex has a n above average trade commission.

                                    The exchange also has no public information about its security specialists. Concerns for this exchange include a lack of insurance in the case of a hack which is especially concerning due to the fact that in 2014 Poloniex was the victim of a hack.

                                    Poloniex Exchange KYC and AML

                                    • Poloniex Exchange KYC and AML

                                      Personal ID / Passport / Driver's License required.

                                      • Poloniex AML policy

                                        AML Policylink

                                        Poloniex Exchange Additional Information