Review of the American cryptocurrency exchange Poloniex – experienced traders’ feedback
Today we will consider one of the leading cryptocurrency exchanges – Poloniex. During its existence, it has experienced both highs and lows. What are its current indicators and what do experienced traders say? You will learn about this and much more from our Poloniex review.
Company Overview
American cryptocurrency exchange Poloniex is one of the largest in the world. During its operation, its trading volume reached enormous proportions, but recently the situation has changed. The website poloniex.com notes that the company offers advanced trading opportunities and maximum security.
The exchange was founded in 2014 and is based in Wilmington, Delaware, USA. Recently it was acquired by Circle, backed by Goldman Sachs. The new owners of Poloniex aim to make it regulated by registering with the SEC and FINRA, and also plan to actively expand into the Asian market.
What Does the Exchange Offer?
On Poloniex, you can only trade cryptocurrency, so you cannot buy cryptocurrency for fiat money here. The interface and functionality of poloniex.com are more geared towards experienced traders, which can create certain difficulties for beginners.
Positive user reviews highlight a wide selection of trading pairs (90), but the inability to deposit money into the account via credit cards or bank transfers is a negative point.
Registration Process on Poloniex
Registration on the exchange is relatively simple. Users can create only one account, violation of this rule may lead to blocking. To register, you need to go to the exchange website poloniex.com, click on the “Sign Up” button in the top right corner, and fill out the registration form, providing an email address, creating a password, accepting the terms of use, and confirming registration via the link sent to your email.
Please note that the exchange has three levels of identity verification, each of which entails different withdrawal restrictions.
Deposits and Withdrawals
To deposit or withdraw funds, you need to log in to your account, click on “Balances” in the top right corner, select the desired currency, and click on “Deposit” or “Withdraw”. Then fill out the corresponding form, providing the wallet address and the amount of the transaction.
Customers’ opinions regarding Poloniex vary. Some note issues with services and support, while others express positive aspects. The exchange is undergoing changes and a change of ownership, which may affect its future development.
Conclusion
In this review, we have looked at the key points of the cryptocurrency exchange Poloniex. Despite the decrease in trading volumes, the company continues to evolve under new leadership. We will closely monitor its future steps.
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