Even after more than 10 years in operation, Poloniex still often gets overlooked by most traders. However, it provides a very straightforward and easy to learn interface and crypto buying experience.
Experienced traders might find some popular coins missing on derivatives markets, but new investors will be happy with a solid selection of listed altcoins on spot markets.
Newly signed up traders using our invitation code can enjoy up to $1,000 in welcome bonuses, and a 10% trading fee discount.
Poloniex Features Overview:
- Deposits: Cryptocurrency Bank cardsBank transfers
- Beginner trading: Spot tradingMobile appCopytrading
- Advanced trading: MarginFutures & leverageOptionsTraditional marketsTrading bots
- Financial services: Fiat withdrawalsDebit ATM cardsCrypto loansP2P tradingStaking & Earn
- Other features: Optional KYCDark themed interfaceSubaccounts
Poloniex Fees:
You can deposit fiat (local currency) to Poloniex with these integrated 3rd party payment providers.
Integrated fiat gateways:
| Payment Method | Deposit Fee | Withdrawal Fee |
|---|---|---|
 Visa/Mastercard | 5% (min. 10 USD) | 3.5% (min. 10 USD) |
 ACH Transfers (US/USD) | 3.5% (min. 10 USD) | Not available |
 SEPA Transfers (EU/EUR) | 3.5% (min. 10 EUR) | 3.5% (min. 10 USD) |
 Google Pay | 5% (min. 10 USD) | Not available |
 Apple Pay | 5% (min. 10 USD) | Not available |
| Payment Method | Deposit Fee | Withdrawal Fee |
|---|---|---|
| Visa/Mastercard | 3.95% | 3.95% (min. €4) |
| SEPA Transfers (EU/EUR) | 3.95% | Not available |
 Other Bank Transfers | 3.95% | Not available |
| Google Pay | 3.95% | Not available |
| Apple Pay | 3.95% | Not available |
 Revolut Pay | 3.95% | Not available |
Mercuryo may charge an additional 1% currency spread. This price spread is typically included with fees in the table above.
Poloniex Available & Restricted Countries:
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. The exchange accepts credit card, debit card and bank transfer deposits and withdrawals through Mercuryo (~4% fee), and card deposits through Simplex (3.5%-5% fee). Withdrawals are limited to $10,000 per day for non-verified accounts.
- 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.
- No direct fiat deposit methods, only through 3rd party gateways.
- 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 and futures 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 cryptocurrency trading.
Review Score Breakdowns:
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