Poloniex Ranks Among the Top Cryptocurrency Exchanges: A Comprehensive Review
Poloniex is a crypto-to-crypto exchange established in 2014 and is one of the more difficult exchanges to use. It offers a wide variety of cryptocurrencies available to be traded against Bitcoin, Tron, and stablecoins, and also allows users to trade against Monero and USD Tether. Margin trading is available, and the lending aspect is one of the features which has made this exchange popular. Poloniex is an important exchange in the cryptocurrency ecosystem but is not the ideal option for beginners. KYC is optional on Poloniex, and the exchange uses a 2 account verification status. Poloniex fees are relatively low, and the exchange offers an interactive trading terminal. Poloniex is not heavily regulated, and it only supports crypto deposits and withdrawals.