Poloniex is a well-known digital asset exchange platform registered in Seychelles. Founded in 2014 by Tristan D'Agosta and acquired in 2019 by Circle… owner of USDC, ahem. Poloniex is also backed by Justin Sun, founder of Tron, and has SunSwap DeFi integrated into the UI. So it’s got a rich history of in crypto with some big names involved in the business.
Poloniex Trading Platform
Poloniex supports 500+ coins and 780+ crypto-to-crypto trading pairs. Primary trading products are Spot, Margin, Grid Trading, Perpetual Futures and Copy Trading. The Poloniex exchange platform offers a variety of trading tools to help users analyze market trends and make informed trading decisions, including multiple order types (Limit, Market and Stop orders) and advanced charting tools powered by TradingView. Poloniex moves billions of dollar’s worth of trades daily.
Beyond the trading products offered by Poloniex, you’ve got options to lend and stake your assets to earn an APY up to 100%! Enticing offers, by DYOR and make sure to read the fine print.
Poloniex has a user-friendly interface and provides real-time price data, making it easy for traders to keep track of their positions and make informed decisions. You can trade on their website, iOS or Android app. In my experience, I found their platforms to be well organized with a nice visual design and intuitive UI.
Poloniex Fees and Payment Methods
The trading fees on Poloniex are competitive with other exchanges in the industry. The platform charges a maker-taker fee structure, where makers pay a lower fee for adding liquidity to the exchange, while takers pay a higher fee for taking it away. Poloniex offers discounts to users settle trades with TRX or HTX tokens. Spot trading fees start as high as 0.2% for maker and taker orders, but go as low as -0.005%/0.07% for maker/taker. Again, the more volume you trade, the lower your fees.
Poloniex accepts various payment methods to buy crypto, including bank transfers, Visa and Mastercard. You can use over 50 Fiat currencies using these methods. And of course, you can always deposit any cryptocurrencies that you already own.
Poloniex Security
Asset security is a top priority for Poloniex, as evidenced by its robust security measures. Their platform uses cold storage to keep the majority of user funds safe from hackers and has implemented multi-factor authentication (MFA) to protect against unauthorized access. Additionally, Poloniex regularly undergoes third-party security audits to ensure that its systems are secure and up-to-date. Poloniex claims to hold 100% of user assets in reserve, and in 2022, Poloniex announced they would provide a Proof of Reserves, which guarantees customer assets are held 1:1. I’ve seen them publish news updates regarding Merkle Tree asset certification, but I’m not able to find any Proof of Reserves data on their website. So… buyer beware.
Poloniex takes account security seriously and offers users the ability to enable two-factor authentication (2FA) on their accounts, and includes email notifications for important events like login and withdrawls.
Poloniex Affiliate Program
Poloniex's affiliate program is another attractive feature for traders who want to earn extra income by referring new users to the platform. You can earn 30% of the trading fees from the people you refer to Poloniex for life, and get shots at Mystery Boxes worth up to $10,000 USDT. Pretty nice way to earn some passive income. You can read even more about it later in this article.
Our overall take on Poloniex
Poloniex is a good choice for professional traders looking for a wide range of trading products and advanced features. They are backed by some big names in crypto (trust), their range of products and the sliding-scale fee structure makes it attractive for volume traders. So if you want to give them a try, now is a great time since you can take advantage of their awesome sign up bonuses!
Poloniex Promo Code for a Free Welcome Bonus
If you want to try trading with them, make sure you use our exclusive Poloniex referral code which gets you 10% off trading fees, up to $1000 in Welcome Bonuses and a chance at Mystery Boxes worth up to 10,000 USDT each!
