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

      6,367.943 BTC

      • Poloniex Total Trading Pairs

        124

        • 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 Methods

                  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 0.00000475 ARDR 51,155.8

                          Ƀ -1.0e-7

                          -2.06%

                          2020-04-06 12:19:27
                          ATOM/BTC Ƀ 0.0003113 ATOM 24,175.5

                          Ƀ 0.000013

                          4.32%

                          2020-04-06 12:21:43
                          ATOM/USDC USDC 2.23 ATOM 6,936.56

                          USDC 0.20

                          9.71%

                          2020-04-06 12:34:42
                          ATOM/USDT ₮ 2.22 ATOM 27,622.8

                          ₮ 0.18

                          8.95%

                          2020-04-06 12:38:59
                          BAT/BTC Ƀ 0.00002190 BAT 31,636.9

                          Ƀ 2.8e-7

                          1.30%

                          2020-04-06 12:15:20
                          BAT/ETH Ξ 0.001011 BAT 6,845.60

                          Ξ -0.000018

                          -1.71%

                          2020-04-06 12:05:28
                          BAT/USDT ₮ 0.1556 BAT 34,284.7

                          ₮ 0.0088

                          5.99%

                          2020-04-06 12:15:48
                          BCH/BTC Ƀ 0.03421 BCH 1,234.15

                          Ƀ -0.00050

                          -1.45%

                          2020-04-06 12:37:05
                          BCH/USDC USDC 244.64 BCH 178.82

                          USDC 8.85

                          3.75%

                          2020-04-06 12:05:07
                          BCH/USDT ₮ 244.00 BCH 699.90

                          ₮ 9.18

                          3.91%

                          2020-04-06 12:05:05
                          BCN/BTC Ƀ 0.00000003 BCN 39,337,682.3

                          Ƀ 0.0

                          0.00%

                          2020-04-06 12:36:37
                          BEAR/USDT ₮ 7.52 BEAR 82,751.9

                          ₮ -1.31

                          -14.85%

                          2020-04-06 12:34:45
                          BNT/BTC Ƀ 0.00002753 BNT 16,473.1

                          Ƀ 5.4e-7

                          2.00%

                          2020-04-06 11:59:18
                          BSV/BTC Ƀ 0.02567 BSV 1,134.89

                          Ƀ -0.00029

                          -1.13%

                          2020-04-06 12:38:16
                          BSV/USDC USDC 182.46 BSV 1,929.69

                          USDC 5.43

                          3.07%

                          2020-04-06 12:38:06
                          BSV/USDT ₮ 182.78 BSV 852.03

                          ₮ 6.12

                          3.46%

                          2020-04-06 12:38:37
                          BTC/PAX PAX 6,985.70 Ƀ 1.60

                          PAX 285.70

                          4.26%

                          2020-04-06 07:17:55
                          BTC/USDC USDC 7,139.96 Ƀ 947.59

                          USDC 344.78

                          5.07%

                          2020-04-06 12:39:17
                          BTC/USDT ₮ 7,127.69 Ƀ 2,786.00

                          ₮ 338.41

                          4.98%

                          2020-04-06 12:39:19
                          BTS/BTC Ƀ 0.00000251 BTS 209,430.3

                          Ƀ -7.0e-8

                          -2.71%

                          2020-04-06 09:49:41
                          BTT/BTC Ƀ 0.00000004 BTT 28,994,508.2

                          Ƀ 1.0e-8

                          33.33%

                          2020-04-06 10:40:34
                          BTT/TRX TRX 0.01845 BTT 28,166,832.2

                          TRX -0.00046

                          -2.46%

                          2020-04-06 12:35:19
                          BTT/USDT ₮ 0.0002428 BTT 795,170,725.9

                          ₮ 0.000018

                          7.81%

                          2020-04-06 12:36:34
                          BULL/USDT ₮ 1,859.00 BULL 212.40

                          ₮ 253.88

                          15.82%

                          2020-04-06 12:37:33
                          CLAM/BTC Ƀ 0.0003956 CLAM 903.68

                          Ƀ -0.000014

                          -3.50%

                          2019-09-23 13:32:35
                          CVC/BTC Ƀ 0.00000281 CVC 172,112.6

                          Ƀ -9.0e-8

                          -3.10%

                          2020-04-06 12:15:25
                          DASH/BTC Ƀ 0.009882 DASH 982.51

                          Ƀ -0.000093

                          -0.94%

                          2020-04-06 12:38:45
                          DASH/USDC USDC 70.37 DASH 95.74

                          USDC 2.76

                          4.09%

                          2020-04-06 10:44:21
                          DASH/USDT ₮ 70.05 DASH 1,655.29

                          ₮ 2.43

                          3.60%

                          2020-04-06 12:27:37
                          DCR/BTC Ƀ 0.001722 DCR 98.35

                          Ƀ -0.000046

                          -2.61%

                          2020-04-06 09:28:36
                          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 27,698,858.2

                          Ƀ -1.0e-8

                          -3.57%

                          2020-04-06 12:36:47
                          DOGE/USDC USDC 0.001912 DOGE 2,606,604.7

                          USDC 0.000073

                          4.00%

                          2020-04-06 09:21:53
                          DOGE/USDT ₮ 0.001920 DOGE 2,226,481.6

                          ₮ 0.000063

                          3.39%

                          2020-04-06 12:39:05
                          EOS/BTC Ƀ 0.0003504 EOS 27,631.4

                          Ƀ 0.0000053

                          1.54%

                          2020-04-06 12:11:52
                          EOS/ETH Ξ 0.01612 EOS 7,832.56

                          Ξ -0.00026

                          -1.57%

                          2020-04-06 12:35:41
                          EOS/USDC USDC 2.50 EOS 9,487.56

                          USDC 0.16

                          6.76%

                          2020-04-06 12:36:47
                          EOS/USDT ₮ 2.49 EOS 63,259.6

                          ₮ 0.15

                          6.42%

                          2020-04-06 12:25:38
                          ETC/BTC Ƀ 0.0007436 ETC 13,802.3

                          Ƀ -0.0000061

                          -0.82%

                          2020-04-06 12:23:44
                          ETC/ETH Ξ 0.03415 ETC 14,048.7

                          Ξ -0.0014

                          -3.86%

                          2020-04-06 12:38:42
                          ETC/USDC USDC 5.29 ETC 1,529.85

                          USDC 0.20

                          3.88%

                          2020-04-06 12:28:59
                          ETC/USDT ₮ 5.29 ETC 15,783.1

                          ₮ 0.20

                          3.83%

                          2020-04-06 12:32:40
                          ETH/BTC Ƀ 0.02180 Ξ 18,045.2

                          Ƀ 0.00068

                          3.23%

                          2020-04-06 12:38:57
                          ETH/PAX PAX 230.00 Ξ 0

                          PAX 0.0

                          0.00%

                          2020-04-03 08:32:56
                          ETH/TRX TRX 11,770.5 Ξ 330.33

                          TRX -278.71

                          -2.31%

                          2020-04-06 12:35:42
                          ETH/USDC USDC 155.31 Ξ 7,323.99

                          USDC 11.79

                          8.21%

                          2020-04-06 12:38:08
                          ETH/USDT ₮ 154.88 Ξ 35,571.5

                          ₮ 11.48

                          8.01%

                          2020-04-06 12:37:41
                          FCT/BTC Ƀ 0.0003351 FCT 3,921.52

                          Ƀ -0.000015

                          -4.36%

                          2019-11-30 23:16:25
                          FOAM/BTC Ƀ 0.00000154 FOAM 21,479.1

                          Ƀ 0.0

                          0.00%

                          2020-04-06 11:51:16
                          GAME/BTC Ƀ 0.00000393 GAME 13,567.4

                          Ƀ -5.0e-8

                          -1.26%

                          2019-09-23 14:32:09
                          GAS/BTC Ƀ 0.0001582 GAS 954.55

                          Ƀ -6.5e-7

                          -0.41%

                          2020-04-06 11:26:49
                          GNT/BTC Ƀ 0.00000508 GNT 111,476.5

                          Ƀ -1.3e-7

                          -2.50%

                          2020-04-06 12:13:45
                          GNT/USDT ₮ 0.03615 GNT 108,333.7

                          ₮ 0.00092

                          2.62%

                          2020-04-06 12:13:45
                          GRIN/BTC Ƀ 0.00006849 GRIN 22,121.5

                          Ƀ -0.0000012

                          -1.78%

                          2020-04-06 11:47:43
                          GRIN/USDC USDC 0.4900 GRIN 2,365.57

                          USDC 0.020

                          4.27%

                          2020-04-06 12:33:15
                          GRIN/USDT ₮ 0.4932 GRIN 22,010.4

                          ₮ 0.025

                          5.30%

                          2020-04-06 12:35:13
                          KNC/BTC Ƀ 0.00006357 KNC 4,664.28

                          Ƀ -7.6e-7

                          -1.18%

                          2020-04-06 10:26:32
                          LBC/BTC Ƀ 0.00000123 LBC 44,031.8

                          Ƀ 3.0e-8

                          2.50%

                          2019-09-23 04:17:01
                          LINK/BTC Ƀ 0.0003358 LINK 4,049.56

                          Ƀ -7.5e-7

                          -0.22%

                          2020-04-06 11:52:32
                          LINK/TRX TRX 182.29 LINK 95.96

                          TRX -8.87

                          -4.64%

                          2020-04-06 09:38:50
                          LOOM/BTC Ƀ 0.00000213 LOOM 4,521.96

                          Ƀ -3.0e-8

                          -1.39%

                          2020-04-06 12:27:50
                          LPT/BTC Ƀ 0.00008608 LPT 178.82

                          Ƀ -0.0000014

                          -1.63%

                          2020-04-06 11:48:11
                          LSK/BTC Ƀ 0.0001419 LSK 3,488.52

                          Ƀ -0.0000024

                          -1.67%

                          2020-04-06 12:38:36
                          LSK/USDT ₮ 1.03 LSK 260.97

                          ₮ 0.060

                          6.23%

                          2020-04-06 11:18:26
                          LTC/BTC Ƀ 0.005990 Ł 9,513.45

                          Ƀ 0.000016

                          0.26%

                          2020-04-06 12:38:30
                          LTC/USDC USDC 42.77 Ł 1,763.68

                          USDC 2.17

                          5.36%

                          2020-04-06 12:38:57
                          LTC/USDT ₮ 42.63 Ł 5,571.43

                          ₮ 2.08

                          5.13%

                          2020-04-06 12:36:42
                          MAID/BTC Ƀ 0.00001614 MAID 52,770.1

                          Ƀ 3.0e-8

                          0.19%

                          2019-12-01 00:26:39
                          MANA/BTC Ƀ 0.00000375 MANA 309,347.3

                          Ƀ -1.3e-7

                          -3.35%

                          2020-04-06 12:24:31
                          MANA/USDT ₮ 0.02727 MANA 53,174.9

                          ₮ 0.0013

                          4.96%

                          2020-04-06 12:25:49
                          NAV/BTC Ƀ 0.00001140 NAV 9,557.55

                          Ƀ 2.0e-7

                          1.79%

                          2019-09-23 12:30:55
                          NMR/BTC Ƀ 0.002394 NMR 434.04

                          Ƀ -0.000075

                          -3.05%

                          2020-04-06 12:19:03
                          NXT/BTC Ƀ 0.00000131 NXT 298,360.4

                          Ƀ 0.0

                          0.00%

                          2020-04-06 12:39:05
                          NXT/USDT ₮ 0.009440 NXT 506,991.2

                          ₮ 0.00047

                          5.26%

                          2020-04-06 12:04:29
                          OMG/BTC Ƀ 0.00007946 OMG 2,594.35

                          Ƀ -0.0000013

                          -1.61%

                          2020-04-06 12:29:51
                          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
                          PAX/USDT ₮ 1.00 PAX 24,518.7

                          ₮ -0.00024

                          -0.02%

                          2020-04-06 12:31:12
                          POLY/BTC Ƀ 0.00000284 POLY 72,440.0

                          Ƀ -1.0e-8

                          -0.35%

                          2020-04-06 11:50:47
                          QTUM/BTC Ƀ 0.0001865 QTUM 5,906.02

                          Ƀ -0.0000014

                          -0.73%

                          2020-04-06 12:35:54
                          QTUM/USDT ₮ 1.33 QTUM 7,614.59

                          ₮ 0.055

                          4.29%

                          2020-04-06 12:03:25
                          REP/BTC Ƀ 0.001397 REP 450.04

                          Ƀ -0.000044

                          -3.03%

                          2020-04-06 12:05:54
                          REP/ETH Ξ 0.06442 REP 234.82

                          Ξ -0.0040

                          -5.80%

                          2020-04-06 12:35:48
                          REP/USDT ₮ 9.97 REP 177.19

                          ₮ 0.21

                          2.20%

                          2020-04-06 12:35:51
                          SC/BTC Ƀ 0.00000020 SC 5,029,042.1

                          Ƀ 0.0

                          0.00%

                          2020-04-06 12:30:59
                          SC/USDT ₮ 0.001421 SC 3,526,439.9

                          ₮ 0.000075

                          5.56%

                          2020-04-06 12:31:50
                          SNT/BTC Ƀ 0.00000236 SNT 270,222.7

                          Ƀ -6.0e-8

                          -2.48%

                          2020-04-06 12:29:35
                          STEEM/BTC Ƀ 0.00002462 STEEM 39,559.6

                          Ƀ -0.0000014

                          -5.49%

                          2020-04-06 11:48:30
                          STEEM/TRX TRX 13.14 STEEM 1,337.65

                          TRX -1.11

                          -7.81%

                          2020-04-06 12:37:45
                          STORJ/BTC Ƀ 0.00001424 STORJ 26,120.3

                          Ƀ -0.0000014

                          -8.95%

                          2020-04-06 12:38:37
                          STRAT/BTC Ƀ 0.00003961 STRAT 13,204.0

                          Ƀ -9.3e-7

                          -2.29%

                          2020-04-06 12:25:13
                          TRX/BTC Ƀ 0.00000185 TRX 24,932,936.1

                          Ƀ 1.0e-7

                          5.71%

                          2020-04-06 12:35:23
                          TRX/USDC USDC 0.01315 TRX 3,213,793.4

                          USDC 0.0013

                          10.55%

                          2020-04-06 12:32:10
                          TRX/USDT ₮ 0.01324 TRX 57,478,205.1

                          ₮ 0.0013

                          11.25%

                          2020-04-06 12:39:03
                          TRXBEAR/USDT ₮ 21.78 TRXBEAR 4,337.80

                          ₮ -8.62

                          -28.37%

                          2020-04-06 12:35:22
                          TRXBULL/USDT ₮ 2.07 TRXBULL 28,859.2

                          ₮ 0.51

                          32.46%

                          2020-04-06 12:37:17
                          USDJ/USDT ₮ 1.00 USDJ 7,254.96

                          ₮ 0.0

                          0.00%

                          2020-04-06 12:38:31
                          USDT/USDC USDC 1.00 ₮ 504,960.5

                          USDC 0.00096

                          0.10%

                          2020-04-06 12:39:06
                          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
                          WIN/TRX TRX 0.006350 WIN 14,579,276.1

                          TRX -0.00051

                          -7.42%

                          2020-04-06 12:36:19
                          WIN/USDT ₮ 0.00008366 WIN 19,894,424.9

                          ₮ 0.0000022

                          2.65%

                          2020-04-06 12:36:18
                          XEM/BTC Ƀ 0.00000535 XEM 340,377.3

                          Ƀ -1.1e-7

                          -2.01%

                          2020-04-06 11:58:21
                          XLM/BTC Ƀ 0.00000681 XLM 2,323,306.8

                          Ƀ 6.7e-7

                          10.91%

                          2020-04-06 12:38:58
                          XLM/USDC USDC 0.04859 XLM 257,947.2

                          USDC 0.0068

                          16.17%

                          2020-04-06 12:38:58
                          XLM/USDT ₮ 0.04846 XLM 2,272,314.7

                          ₮ 0.0067

                          16.10%

                          2020-04-06 12:39:06
                          XMR/BTC Ƀ 0.008016 XMR 7,024.38

                          Ƀ 0.000068

                          0.86%

                          2020-04-06 12:38:40
                          XMR/USDC USDC 56.83 XMR 363.16

                          USDC 2.88

                          5.33%

                          2020-04-06 11:40:25
                          XMR/USDT ₮ 56.95 XMR 3,087.88

                          ₮ 3.04

                          5.65%

                          2020-04-06 12:26:03
                          XPM/BTC Ƀ 0.00000908 XPM 19,194.6

                          Ƀ -1.2e-7

                          -1.30%

                          2019-12-01 00:04:53
                          XRP/BTC Ƀ 0.00002649 XRP 7,605,223.7

                          Ƀ 8.0e-8

                          0.30%

                          2020-04-06 12:38:28
                          XRP/TRX TRX 14.27 XRP 278,128.0

                          TRX -0.80

                          -5.34%

                          2020-04-06 12:38:24
                          XRP/USDC USDC 0.1887 XRP 166,191.2

                          USDC 0.0095

                          5.29%

                          2020-04-06 12:31:28
                          XRP/USDT ₮ 0.1888 XRP 3,038,450.6

                          ₮ 0.0095

                          5.32%

                          2020-04-06 12:38:56
                          XTZ/BTC Ƀ 0.0002454 XTZ 1,808.98

                          Ƀ -0.0000040

                          -1.62%

                          2020-04-06 10:36:39
                          XTZ/TRX TRX 132.82 XTZ 560.57

                          TRX -8.42

                          -5.96%

                          2020-04-06 05:41:06
                          XTZ/USDT ₮ 1.74 XTZ 3,268.55

                          ₮ 0.050

                          2.95%

                          2020-04-06 12:39:06
                          ZEC/BTC Ƀ 0.005078 ZEC 3,541.04

                          Ƀ 0.00024

                          4.88%

                          2020-04-06 12:38:18
                          ZEC/ETH Ξ 0.2334 ZEC 632.66

                          Ξ 0.0038

                          1.68%

                          2020-04-06 12:35:40
                          ZEC/USDC USDC 36.14 ZEC 730.85

                          USDC 3.19

                          9.69%

                          2020-04-06 12:27:45
                          ZEC/USDT ₮ 36.13 ZEC 4,067.18

                          ₮ 3.15

                          9.55%

                          2020-04-06 12:38:24
                          ZRX/BTC Ƀ 0.00002302 ZRX 58,886.6

                          Ƀ 1.8e-7

                          0.79%

                          2020-04-06 12:26:54
                          ZRX/ETH Ξ 0.001059 ZRX 6,876.65

                          Ξ -0.000021

                          -1.99%

                          2020-04-06 12:15:21
                          ZRX/USDT ₮ 0.1638 ZRX 95,957.8

                          ₮ 0.0095

                          6.15%

                          2020-04-06 12:33:08

                          Poloniex Withdrawals

                          • Daily Withdrawal Limit

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

                            • Poloniex Withdrawal Fees

                              Depending on currency, bank wire USDC withdrawal is free.

                              • Poloniex Withdrawal 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