Poloniex is a well-known cryptocurrency exchange platform that started its operations in January 2014. They provide high trading volumes for altcoin through their mobile-friendly website.
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What is Poloniex?
Poloniex is a well-known cryptocurrency exchange platform that started its operations in January 2014. They provide high trading volumes for altcoin through their mobile-friendly website. Poloniex is based in San Francisco, California and they initially catered to users who are invested with the US market but as the years went on, they shifted their focus to a more global market.
Why choose Poloniex?
Security - Poloniex implements a series of sophisticated auditing programs that monitor its platform for any suspicious activity 24/7. They also have a cold storage facility to make sure all funds are safe.
Margin Trading - Margin Trading in Poloniex gives its users significant leverage once they start trading. At the hands of a competitive trader, an amount as little as 100USD alongside Poloniex's Margin Trading feature can go a long way.
Pairs - Poloniex trades BTC, ETH, LTC among other well-known coins already in circulation. In addition to this, they also have a large number of pairs that not many other platforms have.
Pricing and Fees
Withdrawal fees vary depending on the coin while trading fees are usually below 0.20%.
Poloniex is highly reliable in terms of security because of lessons learned from their relatively long history in the business. They use a two-factor authentication system which adds a layer of security and hence, peace of mind to its users.