The company was margin trading poloniex dgb in and it deals exclusively with cryptocurrency exchange. Therefore, any type of withdrawal and deposit is available only through cryptocurrency, while the fiat methods are not supported at all. If you are new to this type of activity, you should definitely avoid Poloniex as it is very detailed and aimed only towards more experienced users. The platform has several security methods implemented but the safety measures are not at their highest. This is mainly margin trading poloniex dgb to the fact that many users reported critical issues such as lack of adequate customer support and difficulties with withdrawing funds.
Furthermore, their Terms of Use has several controversial points which you should check out before using the platform. The users generally love the conditions that Poloniex offers but do not rely much on the platform due to the numerous issues such margin trading poloniex dgb poor customer support, withdrawal problems, lack of transparency, etc.
Poloniex is a cryptocurrency exchange platform based in Delaware. Although it is one of the sites with the highest volume, there are several negative things that will be mentioned in this review. To sum up, Poloniex could become a great platform that focuses only on cryptocurrency when its team decides to fix the margin trading poloniex dgb that back off margin trading poloniex dgb new users to join.
Apart from that, it has great fees and people who like to constantly exchange one crypto for another will definitely like it. Verification on the website is not difficult and it has the standard 2-point procedure.
The first point includes e-mail verification after you had entered your personal info. The second point requires your personal info such as phone number and address, your government-issued ID and a picture-proof of your holding your ID. Limits are changed according to your level of verification. The fees on Poloniex are usually below 0. There are no deposit fees and the withdrawal fees may be different depending on the currency that you wish to withdraw.
Moreover, these withdrawal fees are usually the ones that are charged by the platform of that cryptocurrency rather than Margin trading poloniex dgb. You will be asked to enter a six-digit Google Authenticator code. When entered, you will be asked to check your e-mail for further instructions. They put into the first plan their Push API through which you can get updated on public data regarding markets and set other relevant features to improve your exchange experience.
On the other hand, it involves currently more than 90 exchange pairs and a decent security. Safety The platform has several security methods implemented but the safety measures are not at their highest. What are the Users Saying about Poloniex?
Conclusion To sum up, Poloniex could become a great platform that focuses only on cryptocurrency when its team decides to fix the problems that back off the new users to join. Limits Limits are changed according to your level of verification.
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