Poloniex

User Friendly
 

Bank transfer deposits

Bank card deposits

No fiat withdrawals

Mobile App

Beginner friendly features: 3

Ease of buying and trading: 3

Interface and user experience: 4

Education and learning: 3

Customer support: 4

Features
 

Spot trading

Futures trading

Advanced trading options: 2

Staking and savings: 4

Airdrops and launchpools: ×

Additional financial services: 2

Other products and services: 3

Fees
 
  • Spot Maker Fee: 0.2%
  • Spot Taker Fee: 0.2%
  • Futures Maker Fee: 0.015%
  • Futures Taker Fee: 0.05%

Additional 10% fee discount when using our referral signup link.

Additional $1,000 signup bonus when using our referral signup link.

Safety
 

 Exchange launched in 2014

Proof of Reserves

Regulatory compliance: 2

Reputation and reliability: 3

Asset safety and trust: 3

User account security: 4

Volume & Altcoins
 

 Number of altcoin pairs: 650

 Last 24h trade volume (in BTC): 9,572

Features Score: 60 / 100
3.3
Total Rating: Good
Toggle feature descriptions
Beginner friendly buying
3
Beginner features such as fiat deposits, quick convert, recurring buys, demo trading.
Ease of buying and trading
3
How easy was it to deposit, convert fiat to crypto, and execute trades on spot market.
Interface and user experience
4
Usability, design and intuitivness of the interface and light and dark color schemes.
Advanced trading options
2
Derivatives, options, stocks, margin, trading bots and other advanced trading features.
Staking and savings
4
Number of available staking assets and overall yields.
Airdrops & Launchpools
0
Frequency, value and ease of joining various airdrops and launch events.
Extra financial services
2
Crypto debit cards, fiat withdrawals, loans, P2P marketplace.
Trading fees
5
Competitiveness of trading fees compared to other exchanges, including discounted rates with our referral bonuses.
Volume and liquidity
3
Overall volume, liquidity and spreads on spot and derivatives markets.
Altcoins selection
4
Amount and quality of listed altcoin trading pairs.
Regulatory compliance
2
Approvals, certificates and compliance with various agencies and institutions.
Reputation and reliability
3
Overall reputation of the exchange, user feedback and reviews, social media sentiment, trust and transparency.
Asset safety and trust
3
Use of cold wallet storage and multi-signature, user protection funds, proof of reserves, security audits, and other safety and insurance measures.
Account security
4
Availability of various account security features such as 2FA, anti-phishing codes, hardware keys, withdrawal or trading passwords.
Other products & services
3
NFT marketplaces, copytrading, subaccounts, gift cards, trading competitions and other features.
Mobile App
4
Usability, update freqency, platforms, design and ease of trading via the mobile app.
Decentralized Wallet
0
Decentralized self-custody wallet usability, operating systems, number of assets and blockchain networks supported, DeFi options and more.
Education and learning
3
Learning and news resources on the website, including instructional videos, articles, knowledge bases, FAQs and help center.
Customer support
4
Responsiveness and availability of customer support through different channels such as email, live chat, social media, and others.
Referral and signup bonuses
4
Benefits obtained through the use of our referral codes, including discounted fees, cash bonuses and other rewards.
CoinMarketCap Rating: 4.8/10
CoinGecko TrustScore: 6/10

Quick info:

Launched in: 2014
Based in: Seychelles
Trust Score: 6/10 (Ranked #91)
Coins listed: 650+
Trading volume: 9,572

Features overview:

  • Deposits: Cryptocurrency Bank cardsBank transfers
  • Beginner trading: Spot tradingMobile appCopytrading
  • Advanced trading: MarginFutures & leverageOptionsTraditional marketsTrading bots
  • Financial services: Fiat withdrawalsDebit spending cardsCrypto loansP2P tradingStaking & Earn
  • Other features: Optional KYCDark themed interfaceSubaccounts

Restricted countries

Poloniex is not available in these 18 countries:

Afghanistan, China, Congo - Kinshasa, Côte D’ivoire, Cuba, Iran, Iraq, Libya, Mali, Myanmar, North Korea, Palestinian Territories, Somalia, Sudan, Syria, United States, Yemen, Zimbabwe.

Poloniex also restricts service to residents of Crimea. In addition, users from Burundi and Morocco are unable to use margin and futures trading, but can use spot. Users who do not complete identity verification can use most of Poloniex features, including spot and futures trading, and even card deposits. The only limits imposed are on withdrawals, which are capped at $10,000 per day.

Poloniex does not enforce KYC (know-your-customer) policies on accounts, therefore VPN use in unsupported countries is possible.

Available countries

Poloniex is available in 218 countries and territories.

Trading fees

Spot trading fees:

  • 0.2% maker and taker
  • 30% fee discounts when paying for fees with TRX
  • Additional 10% fee discounts with our referral code
30-Day Spot Trading Volume 30-Day Futures Trading Volume Maker/Taker
$0 $0 0.2000%/0.2000%
$10,000 $100,000 0.1150%/0.1250%
$80,000 $2,000,000 0.1050%/0.1200%
$500,000 $5,000,000 0.1000%/0.1200%
$1,000,000 $10,000,000 0.0900%/0.1200%
$2,000,000 $20,000,000 0.0700%/0.1150%

Futures trading fees:

  • Maker: 0.015%
  • Taker: 0.05%
Level 30-Day Futures Trading Volume Maker Taker
Regular User $0 0.0150% 0.0500%
VIP1 $100,000 0.0130% 0.0480%
VIP2 $2,000,000 0.0100% 0.0450%
VIP3 $5,000,000 0.0080% 0.0420%
VIP4 $10,000,000 0.0050% 0.0380%
VIP5 $20,000,000 0.0000% 0.0340%

Significant fee rebates starting at $10,000 in spot and $100,000 futures volume over 30 days.

In addition, you can get a 10% fee rebate if you sign up through Cexfinder’s link or invitation code.

Signup bonuses

For added benefits on Poloniex use the following code during signup:

JNBF3WNU

10% fee discount with our referral code, and new user welcome rewards up to $1,000.

You will also receive a Mystery Box if you login to Poloniex app within 7 days, and another Mystery Box when you reach over $500 USDT in trading volume. Mystery Boxes have a chance to contain up to $10,000 USDT.

Signup bonuses amount: $1,000.

Referral, signup or invitation code must be used during signup/registration process. These codes are also automatically added to exchange signup links on our site.

There are never any downsides to using referral codes. Benefits can include fee discounts, deposit bonuses, cash rewards, access to exclusive events or trading competitions, or other advantages.

The referral codes allow exchanges to properly attribute users and distribute rewards, bonuses or fee discounts based on disclosed affiliate relationships. No personal data is ever shared with us.

Why use Poloniex:

Poloniex is a well-established exchange operating for over a decade. It lacks many advanced features and tools that bigger exchanges have, and due to lower volumes and liquidity it isn’t suitable for most day traders.

However, it does have a good amount of altcoins, making it a good place to invest into low and mid-cap coins and tokens which may not be available on other exchanges. Poloniex also has good staking yields on major assets, meaning it can be used for decent passive income with long-term holding of spot assets.

Because Poloniex does not enforce KYC, it’s suitable for traders who may be unable to use other exchanges. It does allow credit or debit card deposits even without identity verification. Withdrawals are limited to $10,000 per day for non-verified accounts.

Pros

  • Has card and bank transfer deposits and withdrawals.
  • P2P market with Alipay, WeChat, Neteller, Payeer, Wise, Zelle, Cash App, Venmo, GPay, Apple Pay, and more payment methods.
  • Flexible staking with very good returns on major assets (10% USDT, 6% ETH, 3% BTC).
  • Optional KYC identity verification (no trade restrictions on unverified accounts, and $10,000/day withdrawal limit).
  • Up to $1,000 signup bonuses for new users.

Cons

  • High fiat deposit fees (3.5-5%).
  • Low volume and liquidity.
  • Less than 20 assets available on futures trading.

About Poloniex:

Poloniex is a well-established cryptocurrency exchange platform that has been serving traders since its inception in 2014. With a focus on reliability, security, and user experience, Poloniex has earned a reputation as a trusted and reputable exchange in the crypto community.

Founded by Tristan D’Agosta, Poloniex quickly gained popularity among crypto enthusiasts for its wide range of trading pairs and advanced trading features. It was acquired by Circle in 2018, and spun off as a separate company in 2019.

The platform offers over many top digital assets for trading, including popular cryptocurrencies like Bitcoin, Ethereum, and Ripple, as well as a variety of altcoins and tokens.

One of the key features of Poloniex is its intuitive trading interface, which caters to both novice and experienced traders. The platform provides a range of advanced trading tools, including charting tools, order types, and trading indicators, to help users make informed trading decisions.

In addition to its trading features, Poloniex is committed to ensuring the security of user funds and personal information. The platform employs industry-leading security measures, such as cold storage, two-factor authentication, and regular security audits, to protect against hacks and unauthorized access.

Furthermore, Poloniex offers a range of value-added services to enhance the trading experience for its users. These include margin trading, lending, staking, and a referral program, allowing users to earn rewards and incentives while actively participating in the platform.

With its user-friendly interface, robust security measures, and comprehensive range of trading options, Poloniex remains a good spot trading choice for cryptocurrency investors around the world. Whether you’re a seasoned trader or just getting started in the world of crypto, Poloniex provides the tools and resources you need to succeed in the ever-evolving cryptocurrency market.

Features Score: 60 / 100
3.3
Total Rating: Good