The user’s USD-wallet in personal account is a simulation wallet. Buying and selling coins in indexes, gains or losses thereon is a virtual simulation. We are not able to conduct any transactions with the currency.
Poloniex
52 Rank
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103
Traded Pairs
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BTC/USDT
Top Pair
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36 741 029 USD
24HR Volume
Traded Pairs
Poloniex exchange overview
In January 2014, the cryptocurrency exchange was established by Tristan D’Agosta. It is based in Wilmington, USA. Soon after its opening, it was hacked. However, stolen funds were reimbursed to users at the exchange’s expense and through a temporary increase of trading fees from 0.2% to 1.5%. In 2018, the exchange was bought by Circle Internet Financial, and a year and a half later, it separated and became an independent company Polo Digital Assets Ltd. This platform provides insurance coverage for crypto assets. In addition, in order to protect clients, there is continuous work with regulatory authorities and active cooperation with other exchanges to establish common standards. The support service is available 24/7, and the request solution is limited to 72 hours from the moment of acceptance. Additionally to ordinary trading of 52 cryptocurrencies, there is also margin trading. In July 2018, official mobile applications were released for quick access and easy operation anywhere.
Poloniex advantages
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From 21 October till 31 December 2019, the spot trading fee is 0%. After the promotion, it will return to standard levels.
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Margin trading fee: 0.00–0.15% for makers, 0.10–0.25% for takers (depending on 30-day turnover).
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For major clients, there is a special type of accounts — institutional.
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Fast API for trading with bots.
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Crypto traders consider this exchange to be the main place for trading ethers due to the high volume of ETH trading.
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There are many different ways to deposit and withdraw funds, including bank cards and accounts.
Poloniex highlights
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In January 2017, the platform launched the Lending microloan service to facilitate users in borrowing cryptocurrency from each other.
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In February 2018, Poloniex was purchased by Circle Internet Financial Ltd, a company known for its Circle Invest application for mobile crypto payments. The deal was approved by the SEC, and the amount was estimated at $400 million.
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Since November 2018, American users have been deprived of margin trading and the provision of loans to other traders.
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In January 2019, the exchange was ranked third in the security assessment of crypto exchanges, conducted by ICORating analysts.
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In July 2019, non-American users (nearly 70% of total user count) were transferred to a new division in Bermuda.
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In October 2019, the exchange separated from Circle Internet Financial Ltd and formed Polo Digital Assets Ltd. This reorganisation was supported by the Asian investment group, which includes TRON founder Justin Sun.
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In November 2019, Poloniex bought the TRXMarket startup and launched the subsidiary decentralized exchange Poloni DEX on the TRON blockchain.