Poloniex

Poloniex is a cryptocurrency exchange platform that allows users to trade hundreds of cryptocurrencies. It was founded in 2014 and is based in the Seychelles. Poloniex offers advanced trading features like margin trading and lending.

Bitcoin & Cryptocurrency Cryptocurrency Exchange

exchange trading cryptocurrency bitcoin altcoins margin-trading lending

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Poloniex: Cryptocurrency Exchange Platform for Trading Hundreds of Coins

Discover Poloniex, a leading cryptocurrency exchange founded in 2014 with advanced features like margin trading and lending.

What is Poloniex?

Poloniex is a cryptocurrency exchange platform that has been operating since 2014. It was founded by Tristan D'Agosta and is based in the Seychelles.

On Poloniex, users can trade hundreds of different cryptocurrency pairs, including major coins like Bitcoin, Ethereum, and XRP as well as many alternative cryptos. It is one of the world's leading exchanges when it comes to daily trading volumes.

A key feature of Poloniex is that it offers margin trading and lending. This means users can borrow funds to increase their buying power or lend their holdings to earn interest. These advanced features make it appealing for experienced traders.

In terms of reputation, Poloniex suffered a major security breach in 2014 when around 97 BTC were stolen. However, it has since taken steps to improve security and rebuild trust. It now stores most funds in cold storage and enforces two-factor authentication for all users.

Overall, Poloniex stands out as a crypto exchange due to its wide array of tradable coins and margin trading abilities. With decent liquidity and an easy-to-use interface, it remains a popular platform for active cryptocurrency traders.

Poloniex Features

Features

Margin trading
Lending
High volume trading
Mobile app
Over 100 cryptocurrencies supported

Pricing

Free

Pros

Good liquidity

Low fees

Margin trading available

Lending and borrowing services

High volume discounts

Mobile app

Cons

Only crypto-to-crypto trading

No fiat support

Has had issues with lag/downtime

Limited customer support

Some users report frozen accounts

US customers restricted after Circle acquisition

Official Links

Official Website
https://poloniex.com

The Best Poloniex Alternatives

Top Bitcoin & Cryptocurrency and Cryptocurrency Exchange and other similar apps like Poloniex

Here are some alternatives to Poloniex:

Binance

Coinbase

Robinhood

Bisq

Uphold

LocalMonero

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Binance

Binance is a cryptocurrency exchange platform that allows users to buy, sell and trade various digital currencies like Bitcoin, Ethereum, and hundreds of altcoins. Founded in 2017 by Changpeng Zhao, Binance quickly became one of the largest crypto exchanges by trading volume due to its focus on performance, security, multi-language...

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Coinbase

Coinbase is one of the most popular cryptocurrency exchanges, catering to both beginner and advanced crypto traders. Founded in 2012 and based in San Francisco, Coinbase allows users to securely buy, sell, and store cryptocurrencies like Bitcoin, Ethereum, and many more.Some key features that make Coinbase a top choice include:User-friendly...

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Robinhood

Robinhood is a financial services company that offers a popular commission-free investing app. The app allows users to invest in stocks, exchange-traded funds (ETFs), options and cryptocurrencies without paying any fees or commissions.Robinhood is aimed primarily at younger, novice investors. Its intuitive mobile interface and lack of account minimums or...

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Bisq

Bisq is a decentralized, open-source cryptocurrency exchange and trading platform. It allows users to trade national currencies and popular cryptocurrencies privately and securely without requiring personal information or relying on a centralized entity.Some key features of Bisq include:Decentralized and peer-to-peer - There are no centralized servers that hold funds or...

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Uphold

Uphold is a digital money platform that allows people from around the world to buy, hold, trade, send, and receive a range of digital currencies such as Bitcoin, Ethereum, Litecoin, Dash, and XRP. The platform was founded in 2014 and aims to facilitate instant and low-cost transactions across multiple asset...

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LocalMonero

LocalMonero is a peer-to-peer platform for trading the privacy-focused cryptocurrency Monero. It enables direct trading between buyers and sellers, without going through a centralized cryptocurrency exchange.Some key features of LocalMonero include:Private and secure trading - Trades occur directly between users through encrypted communication channels to ensure privacy.No registration required -...

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AgoraDesk

AgoraDesk is a free and open source help desk and customer service software. It provides a simple yet powerful platform for managing customer inquiries and support tasks.Some key features of AgoraDesk:Ticket management - Create, assign, track and manage support tickets. Set statuses, priorities, due dates and permissions.Knowledge base - Create...

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Nexchange

Nexchange is a leading cryptocurrency exchange platform founded in 2017. It provides a secure and easy way for users to buy, sell, and trade major cryptocurrencies like Bitcoin, Ethereum, Litecoin, and more.Some key features of Nexchange include:User-friendly interface - The platform is designed for simplicity, making it easy for beginners...

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CoinSwitch

CoinSwitch is a cryptocurrency exchange aggregator and converter platform founded in 2017. It aims to make cryptocurrency trading more seamless and convenient for users.Some key features of CoinSwitch include:Price comparisons - CoinSwitch compares cryptocurrency rates across major exchanges in real-time. This allows users to easily find the best price for...

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