United States of America
Full trading platform
Since 2024
Volume 24H: $36,950,909
Poloniex is one of the largest digital asset exchange platforms. Based in the United States, Poloniex directs its services mostly to professional traders. The platform supports only crypto-to-crypto trading pairs and advanced features like margin trading. Poloniex moves tens of millions of dollars daily on their exchange platform with an average of 25,000 users trading online daily.
This platform is best suited to daily traders and experienced users who know basic stock-exchange trading principles. The platform's trading view is complex, with a lot of cryptocurrency trading pairs to choose from. Carrying out a transaction requires liquidity in your digital wallets, which can only be topped up with cryptocurrencies.
Crypto Currencies Support
Language Support
- English
Country Support
- Australia
- Canada
- European Union
- Hong Kong
- Japan
- Most Africa
- Most of Asia
- Most of Eastern European Union
- Most of Latin America
- Most of the Middle East
- New Zealand
- Norway
- Russian Federation
- Singapore
- Switzerland
- Turkey
- United Kingdom of Great Britain and Northern Ireland
- US partial
Platforms Systems
- Web Interface
- API
- Allows High frequencey trading bot
Stock Market Options
Interface
customisation:
- Allows customization of charts
- Allows Advanced and Basic option
- Allows customized alerts and notifications
Advanced
Options:
- Limit Order
- Market Order
- Stop Order
Discounts For
The Big Traders:
- Reduced Maker fees
- Volume based discounts
Special
Services:
- Peer to Peer margin trading
- Margin Trading 2.5x
Poloniex declares that it holds users' funds in offline, air-gap cold storage, keeping small amounts of funds in hot storage for active trading. The platform offers 2FA and is regulated by the United States Financial Crimes Enforcement Network (FinCen). Poloniex stopped the service for users in Washington state in April 2017, due to financial regulations by the US Government.
Summary:
Advanced Security Features:
- Email reports of logins
- Monitor bahavior patterns for suspicious activity
- Limit amount of daily trades
- Email Notification of withdrawal
Security Features:
- Protection from DDoS attackes
- Regular Auditing Programs
- Regular data replication and backup
Legal Registration or Compliance:
- FinCen registration (US)
- KYC/AML Compliant
Poloniex Inc. is registered with the Financial Crimes Enforcement Network (FinCEN) as a money service business (MSB) in Delaware, USA. Although it is one of the most popular exchanges in the US, besides Kraken, there is little to no information about Poloniex's CEO and Founder, Tristan D'Agosta, nor about his whereabouts or previous experience.
Summary:
Poloniex was compromised back in 2014 using a relatively simple attack vector of"simultaneous withdrawals", but customers were paid back in full, (and the loss was only about $50,000). Since Poloniex is the most widely-used cryptocurrency exchange in the world, any hack causing massive funds losses would be catastrophic for the cryptocurrency market worldwide.
Deposit/Withdrawal Options:
Send/Receive Crypto, Deposit/Withdrawal Crypto Only
Functionality:
Poloniex users have the option of placing stop-limit orders, which are helpful for protecting profits or minimizing losses. Also, the platform offers margin trading. When users place a margin order, all of the money they used are borrowed from other users offering their funds as peer-to-peer loans. Poloniex offers only crypto-to-crypto trades, with a generous 100+ trade pairs available.
Most common
customer complaint:
Some users complain about poor customer support or suspended accounts.
Advertising
