What is Poloniex?
Poloniex Overview. Key Features and Reputation
Year Founded
2014
Headquarters
Location can vary (previously Seychelles)
Regulatory Status
Regulatory status varies in different regions; historically faced restrictions
Suitable For
Experienced traders seeking altcoin variety, margin trading, and advanced technical analysis tools
Poloniex is a veteran cryptocurrency exchange with a focus on altcoin trading and advanced features. While its past security incidents necessitate caution, it remains attractive to experienced traders seeking access to a wide variety of crypto assets and margin trading. Ongoing independent research into Poloniex’s current security protocols is essential before utilizing its services.
Poloniex Assets & Features
Fiat Support
Limited direct fiat on-ramps. May vary depending on region.
Trading Tools
Interface types: Primarily an advanced trading interface
Order Types: Market, limit, stop-limit, advanced charting features, and technical indicators.
Additional Features
Margin Trading: Significant margin capabilities for experienced users.
Futures Trading: Offers perpetual futures contracts.
Staking: Limited staking options on select cryptocurrencies.
Poloniex Fees & Security
Fee Structure
Trading fees: Tiered maker/taker model with discounts based on trading volume. Can be complex to navigate.
Deposit/Withdrawal fees: Vary widely by asset and network conditions.
Security
2FA, cold storage upgrades, address whitelisting.
Poloniex Customer Support
Channels
Ticket system, email, and a limited knowledge base.
Availability & Responsiveness
Historically inconsistent, with long wait times and issues with resolution being potential problems.
Should You Consider Poloniex for Your Crypto Needs?
Poloniex might be worth considering only if the following conditions are met:
Altcoin Focus
You’re primarily interested in trading a variety of altcoins, including those less commonly found on other exchanges.
Feature Suitability
Margin trading, futures, and advanced charting are important for your trading strategies.
How to track Poloniex assets?
Monitor and capitalize all your Poloniex assets with auto-synced data about coin prices, NFT floor prices, advanced analytics and custom asset based opportunities.
Easy guide to track and capitalize all your Poloniex assets
From the Account menu, select [API Keys] and Create API
Follow the instructions for the security steps
Use the Hodlezz mobile app to get more out of your CEX assets
Open the Hodlezz mobile app and create a portfolio
Select the settings icon in your portfolio
Select [Add connector] from the menu
Select [Poloniex] to sync all your Poloniex assets
Choose a name for your connector and insert your public and secret key of your Read-only API
Start tracking all your crypto assets now
Experience seamless management of your digital assets with Hodlezz: the premier app for real-time tracking and analytics of your cryptocurrencies and NFTs.