Poloniex - Bitcoin/Digital Asset Exchange

It offers 2-factor authentication for account holders, as well as browser recognition tools. A common complaint from users is that it takes a long time for deposits to reflect in the user account. Note that the storj team is offering to exchange sjcx for storj. The Circle Poloniex Team at 17:06:40.

Poloniex, trade Volume and Market Listings

You will do this by providing a physical address, postal address, phone number, date of birth and passport. Be sure to read my comprehensive review of Kraken.

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Poloniex's market positioning, the lack of information on co-founders, top management, and company ownership, as well as the absence of a physical office have caused some to question the business soundness and legitimacy of Poloniex. You access exchange, a margin trading and a lending/borrowing section. Further, many users accuse the exchanges customer support of poor and slow response to complaints. Its services are accessible from anywhere around the world and it has few requirements for signing up and trading as compared to Coinbase, Bitstamp and Kraken.

Poloniex review: how safe is it for trading cryptocurrencies

Maker and taker fees apply to both the exchange and the trading platform. You may have to work to find the page from which to choose your pairing. Choosing a pairing, however, is not as straightforward as Shapeshift. When you engage in margin trading, you essentially have access to the three sections available on Poloniex. Since the market is competitive, the lower the interest a lender charges, the more successful they are at having traders taking their offers.

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User experience The Poloniex interface works nicely, except when the site is under strain from ddos or legitimate peak trading times. A segment of crypto holders prefer Shapeshift because it doesnt require users to create accounts.

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Fully refunded affected users after a minor security breach. Its website gets over 50 million visits per month.

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Each account, however, offers exchange, trading and lending services. Generally a maker pays fewer fees in a transaction than a taker. Users are only allowed one account, and registering more than one could result in suspension or expulsion from the platform.