Poloniex

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Poloniex Fees

The exchange charges fees based on a maker-taker schedule and on your individual trade volume over the past 30 days.

For a 30-day trade volume up to 500.000 USD the maker-fees are 0.1% and the taker-fees are 0.2%.

For a trade volume higher than 500.000 USD the exchange offers reduced fees.

Services available

worldwide, except Germany.

4.5 Total Score

Bosten, US, based Poloniex was launched in 2014 and once a leading crypto-trading platform. The exchange was acquired by Circle, a Goldman Sachs backed up start-up, in 2018. Poloniex has been accused frequently for frozen accounts, lost funds or manipulated volume and has to recover a lot of community trust.

Security
4
Beginner Friendliness
2.5
Customer Support
0.5
Fees
8.5
Available Cryptocurrencies
8
PROS
  • competitive fees
  • wide range of available altcoins
  • advanced trading platform
  • cold storage security architecture
CONS
  • many customer complains about platform downtimes, lost and frozen funds
  • accused of manipulating trade volumes
  • very weak customer support
  • currently very low community trust
  • payment only via crypto
  • ID verification needed for withdrawals
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