Operating since 2014 from Seychelles, Poloniex is a cryptocurrency exchange that offers multiple cryptocurrencies, including TRON, Swiftcoin, Tether, QTUM, Litecoin, Ethereum, EOS, Bitcoin, Ethereum Classic, Bitcoin Cash, and more, for trading online via the Poloniex trading platform. Traders are provided with trading tools, educational resources, and a customer support team to enhance their overall trading experience. The Exchange allows traders to buy, sell, and temporarily hold their cryptocurrencies on their platform.
Poloniex Review Introduction
In this Poloniex review, we will take a look at some of the most important factors worth considering when choosing a forex broker for your online trading needs. This includes trading platforms, trading tools, research and education, account funding options, customer support, and broker regulation.
You may also wish to view my best forex brokers based on countless hours that I have spent researching and testing hundreds of brokers, all of which you can see in my forex broker reviews. You can also use my free trading tool to compare brokers including Poloniex.
Poloniex Platforms & Tools
The Exchange has a proprietary trading platform, which is developed for traders to manage their trading accounts and trade the available cryptocurrencies. The Poloniex trading platform is available as a WebTrader, which requires no downloads or installations but runs directly on modern browsers like Google Chrome, Safari, Firefox, and Edge, and a mobile app that is compatible with Android and iOS devices and is available for download from the respective app stores. It allows traders to gain access to their accounts and place trades at any time, and from anywhere in the world where there is an internet connection. Traders can also interact with the Exchange using the provided HTTP and WebSocket APIs that allow read access to public market data and your account. The HTTP API also offers private write access to traders’ accounts.
Poloniex Research & Education
The trading blog on the Poloniex’s website contains educational articles that help to keep traders in the know about the latest happenings in the marketplace and also enhance their trading knowledge.
Poloniex Trading Accounts
Poloniex’s clients are able to trade multiple cryptocurrencies, such as Ethereum Classic, Bitcoin Cash, TRON, Swiftcoin, Tether, QTUM, Litecoin, Ethereum, EOS, Bitcoin, and many more, on the provided trading platforms through a live trading account that is offered by the exchange. There are no commission charges on trades.
Poloniex Account Funding
Using the Poloniex account, traders can buy Bitcoin and other cryptocurrencies with Debit/Credit cards. Please note that the Exchange does not charge fees for depositing cryptocurrencies into your account, however, a fixed fee per asset is charged during withdrawals to bear the cost of broadcasting a transaction to the network.
Poloniex Customer Service
The Exchange offers a client support team that is available via Live Chat and social media to assist traders with any trading inquiry they may have.
Poloniex is currently not regulated by any financial authority. Most experts and professionals would not trade with an unregulated exchange as they cannot offer the same protection to investors that a regulated exchange can.
Poloniex Review Summary
Overall, Poloniex is an online cryptocurrency exchange that was founded in Seychelles in 2014. The Exchange offers multiple cryptocurrencies for trading online via their proprietary trading platforms that are available in the web and mobile versions. They provide clients with useful trading tools, including the different Trade APIs, educational resources, and a client support team. However, there is no regulatory information on the exchange’s website at the moment, which is a deterrent to most expert and professional investors.
It is worth mentioning that some of the trading products and services in this Poloniex review may differ or not be available to traders in some countries due to regulations. As brokers’ terms can change over time, please verify all information is up to date directly from the Poloniex broker website which you can visit by using the link below.
Trading Digital Assets can be extremely risky. Each Digital Asset has unique features that make it more or less likely to fluctuate in value. In addition, factors beyond Polo’s control may affect market liquidity for a particular Digital Asset, such as regulatory activity, market manipulation, or price volatility.