Best For

      Institutions
Poloniex

Poloniex is a fully regulated centralized cryptocurrency exchange based in the US. Recently acquired by Circle Limited, Poloniex has transitioned its customer focus from retail to institutional investors. Several fiat deposit options are available for both Americans and their global customer base.

Poloniex Exchange - 2020 Comprehensive Review

Overall Score:

6
Not Trusted
Liquidity:
5 of 10
Purchase Options:
8 of 10
Ease of use:
8 of 10
Trust:
5 of 10
Fees:
6 of 10
Support:
3 of 10

Poloniex Exchange Overview

Trading Fees Maker: 0.15% / Taker: 0.25%
Exchange Type Centralized
Fiat Trading No
Purchase Options Bank Transfer, Crypto Deposits, Credit Cards
Android App Yes
iOS App Yes
Trading Options Spot Trading, Margin Trading, Margin Funding
Order Types Limit, Market, Limit-Stop
Exchange Token No
Token Benefits NO TOKEN
Charting Software TradingView
KYC Check Yes
KYC Rules Required For All Accounts
IEO Platform No
Education Resources Yes
Convert Micro Balance No
Institutional Accounts Yes
Trading API Yes
Deposit Insurance Yes
Withdrawal Speed Fast
Customer Service Support Ticket System
Promotions Earn Interest Lending USDT, BTC ETH to Margin Traders. Frequent Trading Competitions.

Poloniex Mobile App Features

Deposits

Yes

Withdrawals

Yes

Price Alerts

Yes

Margin Trading

Yes

Margin Funding

Yes

Live Chat Support

Yes

Poloniex General Trading Fees (Maker & Taker)

TierMonthly Volume RequirementMakerTakerMaker
Discount
Taker
Discount
Level 1$0.000.15%0.25%--
Level 2$1,000,000.000.08%0.20%--
Level 3$2,500,001.000.05%0.15%--

Poloniex Withdrawal Fees

AssetWithdrawal FeesMinimum Withdrawal
BitcoinBTC0.00050
EthereumETH0.010
TetherUSDT100
XRPXRP0.150

Poloniex charges a $50 fee on rejected bank wires that fail to result in a deposit.

Bank wire withdrawals are free of charge and require a minimum of $50 to process.

More information on Poloniex fees.

Poloniex Markets & Volume

Rank

64

Total Assets

45

Total Markets

92

Volume 24h

$119,409,092.86

Volume 7d

$744,452,683.49

Volume 30d

$2,497,907,696.19

Poloniex Top Markets

Crypto AssetsPricePairs24h Volume
BitcoinBTC$18,115.2148$85,024,071.51
XRPXRP$0.564$34,464,236.50
EthereumETH$531.9410$21,076,123.56

Poloniex Supported Stablecoins

Stablecoin AssetsPricePairs24h Volume
TetherUSDT$1.0148$101,161,212.86
USD CoinUSDC$1.0115$8,344,198.55

Poloniex Exchange Alternatives

Rating6/107.5/108/10
Trading FeesMaker : 0.15%
Taker : 0.25%
Maker : 0.1%
Taker : 0.1%
Maker : 0.2%
Taker : 0.2%
Fiat TradingYesYesYes
Purchase OptionsBank Transfer, Crypto Deposits, Credit CardsCrypto Deposits, Credit CardsBank Transfer, Crypto Deposits, Credit Cards
Trading OptionsSpot Trading, Margin Trading, Margin FundingSpot TradingSpot Trading, Margin Trading, Margin Funding
IEO PlatformNoYesYes
Mobile AppsYesYesYes
HeadquartersWilmington, DEHong KongHong Kong
Learn MoreReviewReviewReview

Pros and Cons

Pros

  • Established Exchange - Poloniex has been operating since 2014 and was recently acquired by Circle, Ltd.
  • Fiat Deposit Options - Users can purchase crypto assets via credit card and bank wire.
  • Margin Funding - Users can loan their crypto assets at interest to margin traders via the Poloniex platform.
  • Institutional Accounts - Poloniex offers OTC support, tax reporting assistance, preferred trading volume discounts, and more for their institutional clients.
  • Mobile App - Poloniex has positively rated mobile applications available for Android & IOS. All web exchange features are available.
  • Regulated - Poloniex was recently acquired by Circle, Ltd which has all the required licensing to operate in the US, EU, and other jurisdictions where services are offered.

Cons

  • Customer Service - Poloniex has below average customer support with very slow response times.
  • Trading Fees - Maker and taker trading fees on Poloniex are higher than the industry standard.
  • Privacy - All users looking to trade on Poloniex must submit identity documentation and pass the standard KYC process.
  • Liquidity - The overall trading volume on Poloniex has been in decline over the past few years.

Poloniex Frequently Asked Questions

Does Poloniex have a mobile app?

Does Poloniex accept fiat deposits?

Does Poloniex offer margin trading?

Does Poloniex offer margin lending?

Does Poloniex accept US customers?

Summary

Poloniex was founded in 2014 and previously enjoyed success as one of the most popular cryptocurrency exchanges. Since their acquisition by Circle, Ltd, the exchange has seen a decline in user base, liquidity, and trading volume.

Poloniex has transitioned their core focus to institutional clients. Fiat deposits are now available and proper licensing is in place to support larger trading accounts.

Blockfer does not recommend Poloniex for retail traders. Reports of very subpar customer support are common and the high trading fees do not justify the user experience.

Legal & Regulation - Facts & Figures

Legal Name Poloniex LLC
Incorporated Country United States
Headquarters Boston, MA United States
Year Founded 2014
CEO Tristan D'Agosta
Total Employees 200-500
Regulators Money Services Business with FinCEN
Links Website, Crunchbase, Twitter, Blog, LinkedIn

Methodology: How We Review And Compare

Our mission is to provide the most informative, unbiased, and useful reviews and comparisons possible for products and services in the blockchain finance industry. Assessments are powered by experts with years of relevant experience.

The cryptocurrency exchanges found in this category have been tested extensively by our team as part of the review process. Factors we analyze in our exchange reviews and comparisons include: liquidity, purchase options, user experience, trading fees, trading options, listed assets, reputation, mobile experience, and customer support.

The Blockfer Promise: We do everything in our power to keep content up to date and in the best interests of our audience. Blockfer does not shy away from poor ratings. Products or services that do not meet our reputability standards will be rated as 'Not Trusted'. Compensation from partners does not, and will never, effect our review process.

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