Poloniex is a cryptocurrency exchange, founded in the year 2014 by Tristan D’ Agosta in the United States and registered in Seychelles. With the vision of allowing trades only in the United States but because of the large acceptance, traction from users and the willingness of the team to expand, Poloniex became a world renowned exchange. In 2019, Poloniex partnered with Justin Sun the CEO of BitTorent, Chairman of Steemit.inc and Founder of Tron. In this post, I will be sharing my thoughts on Poloniex as an exchange. I will be sharing my thoughts from my personal experience using Poloniex.
There are tons of exchanges currently in the crypto world and at this point, it can be quite difficult to pick the trusted exchanges but Poloniex being an exchange that has been in the industry over a long time, proves to be worthy of trust.
Being the Cryptocurrency Exchange King
Poloniex has over the years been proud of their security over user funds, which is why users trust it for their exchanges and other cryptocurrency transaction. Its ability to function in the United States means that it is following regulations which gives users a high level of trust in it. Traders that want reliable exchange should pick poloniex as their exchange because of its security, poloniex uses the two factor authentication in order to make the traders be on a safer side.
Trading Options
Over the years using Poloniex, I must confess that trading volume has never been a problem for both Bitcoin and other altcoins, giving traders a good number of trading pairs ranging from BTC, TRX, USD, ETH, BNB as well as other trading options like Leverage, Defi trading and so on. Having a user friendly mobile application both on Google play and on Apple Store, as well as a very good user interface when using a computer. For now, I will say that Poloniex trades only crypto asset as I get an error message whenever I try to buy with fiat.
Trading Tools and API
The exchange can be a little confusing for novice but after taking time to surf through it, it becomes very exciting. The exchange has a well detailed charts which is what traders study so as to understand the market movement and how coins are moving also, the exchange have a broad range of data analysis tools. Its lending on margin and futures trading is exquisite giving traders access to funds for trading. Also, Poloniex API allows users to create tools to analyze data as well as manage accounts from Poloniex.
Conclusion
Finally, I must say that Poloniex is an exchange you should give a try. I will be recommending Poloniex to friends, families and business partners. Poloniex is an exchange that can be used in the United States and any other country that doesn’t have laws against cryptocurrency.