Overview
Quick Facts
- Fees: 0.09% trading fee
- Best For: User-friendly interface
⚠️ Warning: Cryptocurrency trading is highly speculative and risky. You may lose all capital. Ensure you understand the risks involved and seek independent advice if necessary. Only speculate with funds you can afford to lose.
Founded in 2014, Poloniex rapidly became a go-to platform for crypto traders seeking diverse assets. With 100+ trading pairs, a professional redesign, and futures trading at up to 100:1 leverage, it continues to evolve.
Pros & Cons
Pros
- Ultra-low trading fees
- Intuitive platform
- 100+ coins available
- Supports leverage and futures
Cons
- Limited fiat deposit options
- Lighter regulation compared to competitors
Trust & Security
In the decentralized world of crypto exchanges, trust is paramount. Despite a rocky start—including a 2014 hack—Poloniex refunded most losses and built a reputable name.
Security Features:
- Two-factor authentication (2FA)
- Cold storage for funds
- Email confirmation & IP locking
Though based in Seychelles (with lighter KYC checks), Poloniex employs robust technical safeguards to protect users.
Investment Products
Poloniex pioneered Ethereum trading and dominates USDT liquidity. Its expanding offerings include:
- 100+ trading pairs (major cryptos + altcoins)
- Credit/debit card purchases for BTC and others
- Futures and margin trading (up to 1:100 leverage)
- Lending for passive income (15+ supported tokens)
👉 Explore Poloniex’s full asset list
Fees & Commissions
Poloniex competes fiercely on pricing:
- Max fee: 0.09% (among industry lows)
- Volume discounts: Fees drop with 30-day trading volume, even turning negative
- Free deposits & low withdrawal fees (e.g., 0.0005 BTC for Bitcoin)
Trading Platform
Web-Based Platform:
- Powered by Trading View
- Customizable charts/indicators
- Interactive order book
Mobile App (iOS/Android):
- High liquidity
- User-friendly design
- Limitations: No futures/leverage trading
Customer Support
Channels:
- Ticket system (slow response times noted)
- Twitter/social media
- In-platform "trollbox" for community help
FAQ Section: Detailed self-help resources.
FAQs
Q: Is Poloniex safe?
A: Yes, with features like 2FA and cold storage—though lighter regulation exists.
Q: What’s the minimum fee?
A: As low as 0% for high-volume traders.
Q: Can I trade futures on mobile?
A: Not currently; desktop-only for futures/leverage.
Final Thoughts
Poloniex remains a top-tier exchange by balancing trust, low fees, and innovation. Its expanding services—from lending to futures—solidify its appeal for all trader levels.