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

      6,186.187 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 0.00000516 ARDR 85,600.0

                          Ƀ 6.0e-8

                          1.18%

                          2020-01-22 22:37:12
                          ATOM/BTC Ƀ 0.0005348 ATOM 7,642.83

                          Ƀ 0.0000037

                          0.69%

                          2020-01-23 04:16:47
                          ATOM/USDC USDC 4.57 ATOM 1,747.47

                          USDC -0.040

                          -0.87%

                          2020-01-23 02:36:09
                          ATOM/USDT ₮ 4.59 ATOM 2,111.84

                          ₮ -0.013

                          -0.28%

                          2020-01-23 03:46:53
                          BAT/BTC Ƀ 0.00002484 BAT 81,756.6

                          Ƀ -2.9e-7

                          -1.15%

                          2020-01-23 03:33:30
                          BAT/ETH Ξ 0.001289 BAT 4,889.70

                          Ξ -0.0000081

                          -0.63%

                          2020-01-23 03:11:02
                          BAT/USDT ₮ 0.2140 BAT 10,373.8

                          ₮ -0.0040

                          -1.86%

                          2020-01-23 04:01:31
                          BCH/BTC Ƀ 0.03970 BCH 1,175.69

                          Ƀ 0.00036

                          0.92%

                          2020-01-23 04:02:12
                          BCH/USDC USDC 338.80 BCH 117.59

                          USDC -4.11

                          -1.20%

                          2020-01-23 02:44:23
                          BCN/BTC Ƀ 0.00000004 BCN 8,684,729.3

                          Ƀ 1.0e-8

                          33.33%

                          2020-01-23 03:49:00
                          BNT/BTC Ƀ 0.00002562 BNT 3,026.23

                          Ƀ 1.7e-7

                          0.67%

                          2020-01-23 03:11:41
                          BSV/BTC Ƀ 0.03365 BSV 4,279.57

                          Ƀ -0.0025

                          -7.03%

                          2020-01-23 04:16:48
                          BSV/USDC USDC 287.89 BSV 1,865.61

                          USDC -28.75

                          -9.08%

                          2020-01-23 04:07:25
                          BTC/USDC USDC 8,573.81 Ƀ 759.98

                          USDC -151.36

                          -1.73%

                          2020-01-23 04:17:09
                          BTC/USDT ₮ 8,608.27 Ƀ 2,748.25

                          ₮ -131.94

                          -1.51%

                          2020-01-23 04:17:04
                          BTS/BTC Ƀ 0.00000218 BTS 1,217,860.7

                          Ƀ 2.0e-8

                          0.93%

                          2020-01-23 03:34:11
                          CLAM/BTC Ƀ 0.0003956 CLAM 903.68

                          Ƀ -0.000014

                          -3.50%

                          2019-09-23 13:32:35
                          CVC/BTC Ƀ 0.00000275 CVC 1,395,593.3

                          Ƀ 6.0e-8

                          2.23%

                          2020-01-23 04:15:50
                          DASH/BTC Ƀ 0.01207 DASH 1,316.56

                          Ƀ -0.00043

                          -3.42%

                          2020-01-23 04:16:51
                          DASH/USDT ₮ 104.16 DASH 871.11

                          ₮ -5.42

                          -4.95%

                          2020-01-23 04:08:34
                          DCR/BTC Ƀ 0.002117 DCR 220.86

                          Ƀ -0.000063

                          -2.89%

                          2020-01-23 04:16:40
                          DGB/BTC Ƀ 0.00000090 DGB 1,702,916.5

                          Ƀ 1.0e-8

                          1.12%

                          2019-11-30 23:51:01
                          DOGE/BTC Ƀ 0.00000027 DOGE 4,883,552.3

                          Ƀ 0.0

                          0.00%

                          2020-01-23 04:15:06
                          DOGE/USDC USDC 0.002369 DOGE 41,677.4

                          USDC 0.000026

                          1.09%

                          2020-01-23 04:05:46
                          DOGE/USDT ₮ 0.002345 DOGE 655,959.2

                          ₮ -0.0000064

                          -0.27%

                          2020-01-23 04:05:47
                          EOS/BTC Ƀ 0.0004162 EOS 6,601.92

                          Ƀ -1.0e-8

                          0.00%

                          2020-01-23 04:00:59
                          EOS/ETH Ξ 0.02164 EOS 431.94

                          Ξ 0.00021

                          1.00%

                          2020-01-23 03:43:04
                          EOS/USDT ₮ 3.58 EOS 28,090.9

                          ₮ -0.062

                          -1.71%

                          2020-01-23 04:06:20
                          ETC/BTC Ƀ 0.001036 ETC 24,632.3

                          Ƀ -0.000027

                          -2.58%

                          2020-01-23 04:15:22
                          ETC/ETH Ξ 0.05396 ETC 2,180.89

                          Ξ -0.00083

                          -1.51%

                          2020-01-23 04:08:58
                          ETC/USDT ₮ 8.91 ETC 20,177.2

                          ₮ -0.39

                          -4.24%

                          2020-01-23 04:01:38
                          ETH/BTC Ƀ 0.01921 Ξ 14,717.5

                          Ƀ -0.00018

                          -0.92%

                          2020-01-23 04:16:59
                          ETH/USDC USDC 164.75 Ξ 12,128.2

                          USDC -4.40

                          -2.60%

                          2020-01-23 04:17:06
                          ETH/USDT ₮ 165.47 Ξ 56,273.5

                          ₮ -3.99

                          -2.35%

                          2020-01-23 04:17:11
                          FCT/BTC Ƀ 0.0003351 FCT 3,921.52

                          Ƀ -0.000015

                          -4.36%

                          2019-11-30 23:16:25
                          FOAM/BTC Ƀ 0.00000256 FOAM 22,352.2

                          Ƀ 3.0e-8

                          1.19%

                          2020-01-23 01:42:55
                          GAME/BTC Ƀ 0.00000393 GAME 13,567.4

                          Ƀ -5.0e-8

                          -1.26%

                          2019-09-23 14:32:09
                          GAS/BTC Ƀ 0.0001308 GAS 1,836.39

                          Ƀ -3.5e-7

                          -0.27%

                          2020-01-23 03:16:00
                          GNT/BTC Ƀ 0.00000467 GNT 2,725,354.2

                          Ƀ 9.0e-8

                          1.97%

                          2020-01-23 04:14:22
                          GNT/USDT ₮ 0.04027 GNT 282,308.2

                          ₮ -0.00080

                          -1.94%

                          2020-01-23 04:02:13
                          GRIN/BTC Ƀ 0.0001167 GRIN 17,457.0

                          Ƀ -0.0000011

                          -0.92%

                          2020-01-23 04:16:10
                          GRIN/USDC USDC 1.00 GRIN 2,290.30

                          USDC -0.044

                          -4.20%

                          2020-01-23 02:46:52
                          KNC/BTC Ƀ 0.00002981 KNC 3,567.61

                          Ƀ -0.0000015

                          -4.85%

                          2020-01-22 21:16:15
                          LBC/BTC Ƀ 0.00000123 LBC 44,031.8

                          Ƀ 3.0e-8

                          2.50%

                          2019-09-23 04:17:01
                          LOOM/BTC Ƀ 0.00000212 LOOM 83,120.1

                          Ƀ 1.0e-7

                          4.95%

                          2020-01-23 03:51:11
                          LPT/BTC Ƀ 0.0002851 LPT 2,747.97

                          Ƀ 0.000040

                          16.34%

                          2020-01-23 02:00:02
                          LSK/BTC Ƀ 0.00008307 LSK 8,480.98

                          Ƀ 4.7e-7

                          0.57%

                          2020-01-23 03:59:57
                          LSK/USDT ₮ 0.7196 LSK 290.38

                          ₮ 0.0

                          0.00%

                          2020-01-23 03:11:04
                          LTC/BTC Ƀ 0.006626 Ł 11,252.8

                          Ƀ 0.000016

                          0.25%

                          2020-01-23 04:16:49
                          LTC/USDC USDC 56.63 Ł 3,299.11

                          USDC -0.57

                          -1.00%

                          2020-01-23 03:53:00
                          LTC/USDT ₮ 56.94 Ł 9,785.62

                          ₮ -0.78

                          -1.34%

                          2020-01-23 04:13:45
                          MAID/BTC Ƀ 0.00001614 MAID 52,770.1

                          Ƀ 3.0e-8

                          0.19%

                          2019-12-01 00:26:39
                          MANA/BTC Ƀ 0.00000394 MANA 691,298.4

                          Ƀ 0.0

                          0.00%

                          2020-01-23 02:12:37
                          MANA/USDT ₮ 0.03354 MANA 3,581.03

                          ₮ -0.0013

                          -3.75%

                          2020-01-23 02:47:28
                          NAV/BTC Ƀ 0.00001140 NAV 9,557.55

                          Ƀ 2.0e-7

                          1.79%

                          2019-09-23 12:30:55
                          NMR/BTC Ƀ 0.0007210 NMR 45.99

                          Ƀ 0.000011

                          1.56%

                          2020-01-23 00:58:18
                          NXT/BTC Ƀ 0.00000127 NXT 327,456.1

                          Ƀ 0.0

                          0.00%

                          2020-01-23 03:02:12
                          NXT/USDT ₮ 0.01103 NXT 100,815.2

                          ₮ -0.000066

                          -0.60%

                          2020-01-23 04:07:35
                          OMG/BTC Ƀ 0.00009365 OMG 8,338.34

                          Ƀ -0.0000028

                          -2.93%

                          2020-01-23 04:14:18
                          OMNI/BTC Ƀ 0.0004971 OMNI 323.13

                          Ƀ 0.000024

                          5.05%

                          2019-11-30 23:10:29
                          PASC/BTC Ƀ 0.00001420 PASC 13,426.8

                          Ƀ -0.0000013

                          -8.39%

                          2019-09-23 14:01:44
                          POLY/BTC Ƀ 0.00000226 POLY 203,784.0

                          Ƀ 1.3e-7

                          6.10%

                          2020-01-23 04:12:05
                          QTUM/BTC Ƀ 0.0002241 QTUM 7,214.22

                          Ƀ 3.5e-7

                          0.16%

                          2020-01-23 03:40:04
                          QTUM/USDT ₮ 1.93 QTUM 3,422.77

                          ₮ -0.018

                          -0.94%

                          2020-01-23 04:02:04
                          REP/BTC Ƀ 0.001595 REP 1,016.30

                          Ƀ -0.000029

                          -1.77%

                          2020-01-23 04:14:09
                          REP/ETH Ξ 0.08283 REP 18.46

                          Ξ -0.00025

                          -0.30%

                          2020-01-23 04:14:09
                          REP/USDT ₮ 13.69 REP 123.46

                          ₮ -0.31

                          -2.18%

                          2020-01-23 03:33:27
                          SC/BTC Ƀ 0.00000017 SC 2,580,455.2

                          Ƀ 0.0

                          0.00%

                          2020-01-23 03:16:05
                          SC/USDT ₮ 0.001503 SC 205,868.6

                          ₮ 0.0000026

                          0.18%

                          2020-01-23 00:03:20
                          SNT/BTC Ƀ 0.00000122 SNT 131,379.4

                          Ƀ 0.0

                          0.00%

                          2020-01-23 02:39:55
                          STEEM/BTC Ƀ 0.00001631 STEEM 6,761.30

                          Ƀ 1.0e-8

                          0.06%

                          2019-09-23 14:11:35
                          STORJ/BTC Ƀ 0.00001375 STORJ 76,474.6

                          Ƀ 7.2e-7

                          5.53%

                          2020-01-23 01:08:44
                          STRAT/BTC Ƀ 0.00004062 STRAT 3,315.43

                          Ƀ 4.4e-7

                          1.10%

                          2020-01-23 04:05:54
                          USDT/USDC USDC 0.9961 ₮ 468,051.1

                          USDC -0.0015

                          -0.15%

                          2020-01-23 04:16:52
                          VIA/BTC Ƀ 0.00002689 VIA 11,065.9

                          Ƀ 7.9e-7

                          3.03%

                          2019-12-01 00:22:44
                          VTC/BTC Ƀ 0.00003163 VTC 55,590.0

                          Ƀ -0.0000030

                          -8.74%

                          2019-11-30 23:12:05
                          XEM/BTC Ƀ 0.00000491 XEM 2,952,661.4

                          Ƀ 5.1e-7

                          11.59%

                          2020-01-23 04:02:03
                          XLM/BTC Ƀ 0.00000693 XLM 1,691,095.3

                          Ƀ -2.7e-7

                          -3.75%

                          2020-01-23 04:15:07
                          XLM/USDC USDC 0.05941 XLM 71,627.8

                          USDC -0.0036

                          -5.79%

                          2020-01-23 02:12:39
                          XLM/USDT ₮ 0.05973 XLM 469,948.2

                          ₮ -0.0034

                          -5.39%

                          2020-01-23 04:01:17
                          XMR/BTC Ƀ 0.007401 XMR 3,601.60

                          Ƀ -0.00013

                          -1.71%

                          2020-01-23 04:15:13
                          XMR/USDC USDC 63.23 XMR 58.05

                          USDC -2.37

                          -3.62%

                          2020-01-23 04:14:13
                          XMR/USDT ₮ 63.79 XMR 459.76

                          ₮ -1.94

                          -2.96%

                          2020-01-23 04:14:11
                          XPM/BTC Ƀ 0.00000908 XPM 19,194.6

                          Ƀ -1.2e-7

                          -1.30%

                          2019-12-01 00:04:53
                          XRP/BTC Ƀ 0.00002696 XRP 13,209,246.4

                          Ƀ -1.6e-7

                          -0.59%

                          2020-01-23 04:17:11
                          XRP/USDC USDC 0.2316 XRP 112,269.2

                          USDC -0.0048

                          -2.02%

                          2020-01-23 02:58:54
                          XRP/USDT ₮ 0.2321 XRP 2,468,020.1

                          ₮ -0.0052

                          -2.19%

                          2020-01-23 04:11:33
                          ZEC/BTC Ƀ 0.005932 ZEC 1,521.80

                          Ƀ -0.000093

                          -1.54%

                          2020-01-23 03:50:56
                          ZEC/ETH Ξ 0.3099 ZEC 194.51

                          Ξ -0.0021

                          -0.67%

                          2020-01-23 04:09:53
                          ZEC/USDC USDC 51.06 ZEC 230.88

                          USDC -0.90

                          -1.74%

                          2020-01-23 03:50:12
                          ZEC/USDT ₮ 51.07 ZEC 1,267.56

                          ₮ -1.10

                          -2.11%

                          2020-01-23 04:08:50
                          ZRX/BTC Ƀ 0.00002753 ZRX 44,465.1

                          Ƀ -1.4e-7

                          -0.51%

                          2020-01-23 03:03:12
                          ZRX/ETH Ξ 0.001437 ZRX 12,348.3

                          Ξ 0.000014

                          1.00%

                          2020-01-23 02:43:14
                          ZRX/USDT ₮ 0.2378 ZRX 17,503.1

                          ₮ -0.0035

                          -1.47%

                          2020-01-23 04:00:13

                          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 05.12.2019

                                  • Update (December 2019): Following recent developements, namely the acquisition of Poloniex by TRON and its subsequent behavior, we have updated the exchange's rating.

                                    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