trade nation zero spread
Trade Nation Cashback

Poloniex Review 2021

Poloniex is a US-based exchange suited to the experienced trader. Founded in 2014, it now offers dozens of cryptocurrencies with which to trade, although it doesn’t allow any trades using fiat currencies. It has relatively low trading fees, while its withdrawal fees are among the very lowest in the industry. However, despite offering a clean interface and plenty of trading options, its security isn’t quite as good as some of its rivals. It suffered a hack in March 2014, and doesn’t offer any concrete information on the security measures it takes to reinforce its system.

  • Web address: Poloniex
  • Main location: Wilmington, US
  • Mobile app available: Yes
  • Is decentralized: No
  • Parent Company: Circle
  • Transfer types: Crypto Transfer
  • Supported pairs: 146
  • Fees: Low

Poloniex offers some of the lowest trading and withdrawal fees on the market. However, its reputation for security isn’t quite as strong as its reputation for prices, having suffered a high-profile hack in March 2014, as well as a number of isolated account hacks and customer-reported withdrawal issues since then.


Security isn’t Poloniex’s greatest strength. Not only did it suffer that March 2014 hack, but it’s not entirely clear just what systemic measures the exchange has taken since then to secure itself.

To be fair, it does offer two-factor authentication to all customers, although this is something which is now fairly standard across 90% exchanges in protecting accounts from hacks.


Poloniex allows trades only in cryptocurrency, so unsurprisingly customers have to make deposit and withdrawals using crypto wallets. Fortunately, this is simple enough: the Deposit & Withdrawals page gives customers a wallet address for each cryptocurrency they wish to deposit, and it allows them to enter their own external wallet address for any currency they wish to withdraw.

multibank group bonus

Featured Forex Brokers

100% Deposit Bonus
$15 Cashback Pet Lot
$140 No Deposit Bonus
Leverage Up To 1:3000
Minimum Deposit 1 USD
$0 Fee on Deposit
Win $50 Bitcoin Contest
$5 No Deposit Bonus
MiFID II Regulated
Leverage Up To 1:500
Minimum Deposit 1 USD
20% Deposit Bonus
Earn Cashback Rebate
$3500 Loyalty Bonus
Globally Regulated
Leverage Up To 1:500
Minimum Deposit 50 USD
Free Trading Signals
20% Cashback Bonus
Trade Spread From 0
Regulated In UK & AUS
Leverage Up To 1:200
Minimum Deposit 100 USD
$4000 Deposit Bonus
$15 Cashback Pet Lot
$140 No Deposit Bonus
ASIC, VFSC Regulated
Leverage Up To 1:1000
Minimum Deposit 50 USD

Leave a Comment

Your email address will not be published. Required fields are marked *