Based in San Francisco, Poloniex has quickly emerged as one of the world’s leading digital currency exchanges. The platform not only allows you to exchange cryptocurrency but also to trade on margin – something rarely offered in the cryptocurrency market.
36
Fiat currencies
386
Cryptocurrencies
| Product Name | Poloniex Digital Asset Exchange |
|---|---|
| Fiat Currencies | USD, EUR, AUD, CAD, CHF, CZK, DKK, GBP, HUF, ILS & 26 more |
| Cryptocurrencies | BTC, TRX, ETH, BCH, SOL, ADA, XRP, BNB, DOT, LTC & 377 more |
| Deposit Methods |
Credit card Cryptocurrency Debit card Simplex |
| Trading Fee |
Maker: 0-0.125% Taker: 0.04-0.125% |
| Deposit Fees | None |
| Withdrawal Fees | Fees vary |
If you’re looking for a cryptocurrency exchange in the USA, you may want to consider one of the exchanges like Poloniex listed below.
Disclaimer: This page is not financial advice or an endorsement of digital assets, providers or services. Digital assets are volatile and risky, and past performance is no guarantee of future results. Potential regulations or policies can affect their availability and services provided. Talk with a financial professional before making a decision. Finder or the author may own cryptocurrency discussed on this page.
Poloniex is one of the leading digital currency exchanges in the US. It offers access to hundreds of cryptocurrencies.
The platform offers traders unique features for analyzing the crypto market and executing trades.
From a financial security perspective, Poloniex does not operate on fractional reserves. This means that any funds you put into the exchange are only used to facilitate trades on your account.
Poloniex services are offered across the globe.
Poloniex operates a tiered fee structure. Below is a full breakdown when bitcoin (BTC) is the currency.
| Maker | Taker | Trade Volume (trailing 30 day avg) |
|---|---|---|
| 0.15% | 0.25% | < 600 BTC |
| 0.14% | 0.24% | 600 BTC |
| 0.12% | 0.22% | 1,200 BTC |
| 0.10% | 0.20% | 2,400 BTC |
| 0.08% | 0.16% | 6,000 BTC |
| 0.05% | 0.14% | 12,000 BTC |
| 0.02% | 0.12% | 18,000 BTC |
| 0.00% | 0.10% | 24,000 BTC |
| 0.00% | 0.08% | 60,000 BTC |
| 0.00% | 0.05% | 120,000 BTC |
Every trade occurs between two parties – the maker and the taker. The maker is the one whose order exists on the order book prior to the trade. The taker is the one who places the order that “takes” the maker’s order.
Withdrawal and deposit fees are based on the blockchain’s minimum transaction fee.
The process of depositing and withdrawing coins can take between 30 minutes and 1 hour to complete. You can locate your withdrawal by selecting Balances > History in the main menu. Your deposit information will be located in the same place.
Poloniex operates a tiered withdrawal limit based on verification. Your initial daily withdrawal limit will likely be US$2,000. Upon verification, your daily limit will rise to US$25,000.
However, you’ll be submitting a lot of information to get the maximum withdrawal limit, including photo ID, address and even a picture of yourself holding the ID.
Apparently, there’s also a third level of verification that can provide limits in excess of US$25,000. However, the details aren’t published online, which means you’ll need to contact customer support for more information.
Poloniex came under fire after a major security breach wiped out more than 12% of its bitcoin. Since the 2014 hack, the broker has been slowly rebuilding its reputation on the security front.
On the face of it, Poloniex has sound security protocols given that the vast majority of its customer deposits are stored offline.
Poloniex also runs auditing programs 24 hours a day, 7 days a week, 365 days a year. It’s their job to report and block any suspicious activity.
Like other exchanges, Poloniex enables 2-factor authentication, which can greatly enhance the security of your account.
The topic of privacy is subject to much more debate, as you will be required to dole out a lot of personal details when going for Level 2 verification.
Although Poloniex is said to offer extensive customer support, feedback on its support team has been largely negative. Complaints about long response times and withdrawal issues have been especially harsh.
That being said, the platform has a ticketing system and email support for existing account holders only.
Coinbase Digital Currency Exchange |
eToro USA LLC Cryptocurrency Trading |
Crypto.com App |
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★★★★★ |
★★★★★ |
★★★★★ |
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Supported Cryptocurrencies BTC, ETH, ADA, SOL, DOT, LTC, DAI, UNI, ETC, XLM |
Supported Cryptocurrencies BTC, ETH, BCH, EOS, LTC, XLM, NEO, ETC, ZEC, MKR |
Supported Cryptocurrencies BTC, ETH, XRP, BCH, EOS, XLM, LTC, ADA, UNI, ETC |
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Deposit methods Bank transfer (ACH), Debit card, PayPal, Wire transfer, Apple Pay, Google Pay |
Deposit methods Debit card, PayPal, Wire transfer, Online banking |
Deposit methods Bank transfer, Cryptocurrency, PayPal, Wire transfer, SWIFT, Debit/credit cards |
|
Trading Fee
Maker: 0.00 - 0.4% |
Trading Fee
1% fee for buying or selling cryptoassets |
Trading Fee
Maker - 0-0.075% |
|
Withdrawal Fees
ACH: Free |
Withdrawal Fees None |
Withdrawal Fees Cryptocurrency: Fees vary |
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Before deciding to trade, you need to review the features of Poloniex. If you’d like to give it a try, head over to its site and select Create Your Account. After initial registration, you’ll be prompted to activate your account and complete your profile. From there, you’ll be ready to start depositing cryptocurrency.
6 Comments
August 14, 2019
How can I trust a financial service provider without any customer sewrvice level? The service level has never been great, but now the service advisers literally seems absent, formerly they just have been anonymous. Do not entrust your money to any financial service provider that does not count with at least an accessible, transparent and responsive customer service desk: automated response, no phone number, no concrete address…
August 15, 2019
Hi David,
Thanks for contacting Finder and thank you for your review.
I’m sorry to hear you had such a frustrating experience, but I really appreciate you bringing this issue to our attention.
Kind Regards,
Faye
December 28, 2017
Can i buy stellar from Poloniex with USD?
December 28, 2017
Hi Johnny,
Thanks for your inquiry.
As of today, Poloniex can only trade Stellar with other cryptocurrencies. Here are other ways to buy Stellar. Check out that page to learn more.
Hope this information helps
Cheers,
Arnold
November 2, 2017
I’m from Kosovo-Albania, If I open account with my adress, will be available to exchange and to buy and sell from that account?
Regards,
November 2, 2017
Hi Aqlys,
Thanks for your inquiry
Yes, you may. This platform offers unique features for analyzing the crypto market and executing trades.
Poloniex does not operate on fractional reserves. This means that any funds you put into the exchange are only used to facilitate trades on your account.
Please feel free to check the page above for more information.
Hope this information helps
Cheers,
Arnold