Poloniex Review – What are Some Benefits of Using This Exchange

This Poloniex review is brief but it addresses all the essential details you need to know as a beginner. Some of the details you need to know are the benefits of using the platform. If you are a potential user of the exchange then you need to know these details so you can determine whether the exchange is suitable for you to use or not.

There are numerous cryptocurrency exchanges in the world and they all offer different services and features to the users. It is not necessary that every kind of exchange available would match your criteria or your trading requirements.

Therefore, if you are interested in using a platform such as the Poloniex exchange then you need to know the kinds of benefits you can experience as a user so you can make an informed decision.

Poloniex Review on its Customer Support

One of the most outstanding aspects of the Poloniex exchange is that it offers impressive customer support to the users. Customer support is important to look for in a platform before you use it because it can determine the kind of experience you can have while buying or trading on the exchange.

A well-established team of customer support agents can make quite the difference as all your questions and concerns can be answered timely, saving you from unnecessary obstacles that can make crypto buying and trading difficult for you.

The customer support of Poloniex is highly responsive and aims to assist the users as soon as possible. As a user you can reach out to the customer support agents through the website, helpline number or through different social media channels.

Low Trading Fees

The fee structure of an exchange is yet another essential aspect that needs to be discussed and analyzed before you choose it. Therefore, since it is an important feature, this brief Poloniex exchange talks about the details.

The Poloniex fee structure is one of the lowest ones in the crypto market and offers discounts to the users as well. The fee structure also varies from customer to customer and is dependent on a few factors as well.

Here are the details to know about in this brief Poloniex exchange review.

  • Fixed network fee
  • Market maker fee at 0.01% for margin traders
  • Market taker fee at 0.075% for margin traders
  • No fee for deposits
  • No fee for withdrawals

There is a market maker and taker fee for spot trading as well that depends on the trading volume.

Licensed and Secure

This Poloniex review also focuses on one more aspect of the platform that is usually the top concern of every novice party, which is the level of security offered by the exchange.

Poloniex is one of the few licensed and regulated cryptocurrency exchanges in the market and even though it makes use of high-end security systems, its regulation adds to the level of security it offers.

It is licensed and regulated by some of the top financial regulatory services that include:

  • FSA
  • FinCEN
  • FINRA

This exchange prioritizes the safety of its users, which is why it is quite a well-known and widely used exchange in the market.

Here are some of the security systems the Poloniex exchange uses to safeguard the accounts and funds of the users.

  • Cold wallets vault
  • Cryptographic DNS cache protection (Signature-based)
  • DoS attacks protection
  • IP lockouts
  • Protection against strong attacks including robot infiltration
  • Registry locks
  • Role accounts for privacy protection
  • Two-Factor Authentication

Trading Tools

Just like some of the other popular and powerful trading platforms, this exchange also offers a few trading tools, which are mentioned in this brief Poloniex review.

As a user of the exchange you can make use of several types of buy orders and stop-loss orders. You will have the option to set them up according to your preference.

As a trader using Poloniex, you can also access several indicators and conduct your own technical analysis. The charts are neatly designed and easy for any trader to use, especially if they are inexperienced. They also operate fast and don’t go through any kind of lagging while you switch from one time frame to another or from one digital asset to another.

Final Takeaways!

The Poloniex review that is mentioned above talks about some of the most important aspects of the exchange that are essential for you to know as a potential user. There are several factors that need to be considered before you choose any kind of exchange to buy, sell or trade crypto.

By Master James

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