Poloniex Review 2024
Minimum
deposit:
  • $50

Trading platform:

  • Proprietary platform

Poloniex Review 2024

Updated:
Updated: March 12, 2024
Your capital is at risk.

7.52

/

10

TU Overall Score
The purpose of creating the TU Overall Score is to make the search for secure and reliable brokerage companies easier for the visitors of our website. We believe that it is a very important mission as, unfortunately, not every company in the financial industry is worthy of trust.

According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Minimum
deposit:
  • $50

Trading platform:

  • Proprietary platform
Trading features:
  • Simple interface, deep analytics, P2P lending, and staking, a lot of assets and pairs

Summary of Poloniex Crypto Exchange

Poloniex is a reliable cryptocurrency exchange with the TU Overall Score of 7.52 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Poloniex clients on our website, Traders Union expert Anton Kharitonov believes he can recommend this company as the majority of reviews showed that the broker’s clients are mostly satisfied with the company. Poloniex ranks 12 among 170 companies featured in the TU Rating, which is based on the evaluation of 100+ criteria.

Poloniex is a well-known cryptocurrency exchange that offers favorable trading terms. The site offers spot and margin trading, a variety of fiat pairs, cryptocurrency pairs, and mixed crypto/fiat pairs. Commissions are below the market average and there is a convenient lending system, which can be considered as an effective option for passive income along with a staking system.

The proprietary trading terminal is well protected and works stably.

NOTE!

If you are planning to trade cryptocurrencies, and not just keep your savings in crypto wallets, we recommend that you choose one of the top brokers with reliable regulation and access to trading crypto CFDs. This type of trading will help you avoid holding your cryptocurrency in e-wallets of exchanges, which quite regularly get hacked. Also, availability of leverage will allow you to trade crypto CFDs for amounts much higher than your deposit.

Traders Union experts recommend considering Top 3 companies from our rating:

Start Trading with RoboForex
Your capital is at risk.
Editorial Note: While we adhere to strict Editorial Integrity, this post may contain references to products from our partners. Here's an explanation for How We Make Money. We are unable to verify the validity of reviews and publish all reviews, both positive and negative, in accordance with the Users Reviews Policy.

The Poloniex exchange is a platform for exchanging cryptocurrencies and spot and margin transactions. The service offers a proprietary web terminal and mobile version. Bitcoin, Ethereum, USDT, and several dozen other popular cryptocurrencies are traded on the exchange. There are also fiat pairs. Poloniex.com offers two passive earning options as simplified staking and P2P lending. There is a community of cryptocurrency traders on Poloniex called Poloniex Learn. There, the latest news and analytics are regularly published. The crypto exchange also has an insurance fund, which indicates the safety of Poloniex. The cryptocurrency exchange offers detailed guides on contracts and high-quality analytics on spot prices for indices. Analytical materials are available even to unregistered users.

💰 Account currency: Cryptocurrencies, fiat currencies
🚀 Minimum deposit: $50
⚖️ Leverage: Up to 1:100
💱 Spread: 0.125%
🔧 Instruments: Cryptocurrencies, fiat currencies
💹 Margin Call / Stop Out: No

👍 Advantages of trading with Poloniex:

  • fiat pairs;
  • simple and user-friendly interface;
  • high turnover of trades;
  • the possibility of lending;
  • low transaction fees;
  • convenient technical tools;
  • deep analytics;
  • high-security level.

👎 Disadvantages of Poloniex:

  • there is no direct connection with technical support (only messengers, mail, social networks);
  • unjustified blocking of accounts has been noticed in the past.

Evaluation of the most influential parameters of Poloniex

User Satisfaction Customer Satisfaction Score (CSAT) is a unique metric of Traders Union based on the analysis of user reviews posted on pages of each broker profile by the visitors of our website from all around the world. We have been collecting these broker reviews for over 13 years, and therefore, we know and understand the level of customer satisfaction with a specific brokerage company better than anyone else.

5.05

/10

Commissions and fees This parameter comprises a comprehensive analysis of all commissions and fees charged by a brokerage company, including trading and deposit/withdrawal fees. Also specific fees, for example the inactivity fee, are taken into account in the final score for the fees. Users can find detailed fees charged by a company in the broker’s profile.

8.70

/10

Trading instruments For this parameter, we evaluate the number of trading assets a broker offers access to in each group of financial instruments. We analyze the quotes a broker offers on Forex pairs, metals, indices, commodities, stocks, and cryptocurrencies. This parameter also includes evaluation of broker’s investment programs, for example access to copy trading, which we regard as an additional type of a trading instrument.

7.21

/10

Brand popularity Traders Union experts are confident that brand awareness mostly fully reflects the real state of affairs in a company – the more popular the broker, the more people trust it. The score for this indicator is based on the data analysis of such services as Ahrefs and SemRush, which show how often a company’s brand is searched on Google. In addition, indicators of the SimilarWeb service, which show the approximate number of visitors of the broker’s website, are also taken into consideration. We also review disclosed official reports of brokers, which allow for evaluating their client base.

8.30

/10

Customer support The score of this parameter is based on the number of available communication channels of a company’s support service. The quicker and easier it is to contact the broker’s support, the higher the score. We check every available support channel, test the speed of processing of requests and completeness of provided information through several interactions.

7.12

/10

Education This parameter provides an evaluation of a company’s capacity to work with beginners. Only quality training and provision of full and unbiased information can help novice traders and investors minimize the risks of losing money, even when working with top-ranked companies. Brokers with useful educational and informational tools, including webinars, tutorials, podcasts and articles, receive higher scores.

6.54

/10

Trade with this broker, if:

  • You prioritize low trading fees. Poloniex offers competitive trading fees, with the highest fee for an order being 0.1550%. This cost-effectiveness is further enhanced by a 30% discount when paying fees in TRON (TRX), providing additional savings for investors.
  • You value a highly rated mobile app. Poloniex's mobile app receives high ratings on both the App Store and Google Play, reflecting its reliability and user-friendly interface.

Do not trade with this broker, if:

  • You are located in the United States. Regulatory restrictions prevent U.S. citizens and residents from using Poloniex. If you're based in the U.S., you'll need to explore alternative exchanges compliant with U.S. regulations.
  • You require direct support for fiat currencies, as Poloniex does not directly support fiat deposits or withdrawals, limiting your ability to engage in fiat transactions on the platform. If you rely on fiat currencies for trading, you'll need to use other platforms that offer support for fiat transactions.

NOTE!

Do not miss a chance to get additional monthly bonuses and payouts for trading at Poloniex cryptocurrency exchange.

Login preview

Enter the referral code when you register on the website or Poloniex app.

ZUEHC2SY

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*TU may receive partnership reward for registration of the client on the company’s website on a referral link.

Your capital is at risk.

Geographic Distribution of Poloniex Traders

Popularity in

13.3%
IN
India
13.1%
BR
Brazil
6.6%
RU
Russian Federation
6%
US
United States
5.5%
CO
Colombia
5.4%
TR
Turkey
5.3%
JP
Japan
5.2%
DZ
Algeria
4.8%
VE
Venezuela
54.8%
Others
Others

Poloniex Latest Comments for 2023 i

19 comments
Total score:
7.4 /10

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thilanka
11 weeks ago

The user interface is outdated and cumbersome to navigate, leading to frustration when trying to execute trades quickly. Additionally, the exchange has faced security breaches in the past, raising concerns about the safety of users' funds. Overall, I cannot recommend Poloniex as a reliable or trustworthy crypto exchange option.

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Oskost
1 year ago

I tried several crypto exchanges, Poloniex turned out to be the worst. Commissions are skyrocketing. The interface is terrible compared to other exchanges. There are few assets for trading, new ones are not added, which indicates the company's unwillingness to develop. Swamp.

Responses to a comment
dorothywi60 to Oskost
1 year ago

I'm not happy with this company either. It really lags behind those that now provide services on the crypto market. I see no point in wasting my time here.

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Wenzelpn
1 year ago

The exchange has a small selection of assets and high commissions. The site is complex, the interface is incomprehensible, the trading platform works slowly. If you have any questions, you will not get through to the technical support service. I have a question about the delay in payment hanging for 2 weeks.

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lulatx60
2 years ago

Should I trade with Poloniex? Yes. But either for those who already have experience in trading, or for those who have tried and want to develop in this direction. The deposit in Poloniex is higher than in the market, the minimum is $50. But this is fully justified: I have never seen such cool, deep analytics and training materials on any crypto exchange. In addition to analytics for each instrument, a forum is also available here where you can chat with colleagues. In addition, there are pairs with fiat and the opportunity to earn on P2P. I am cautious about this way of earning, there are fewer buyers than creditors. Minus - there is no phone for quick communication with the joint venture, but there is mail and instant messengers, support is available 24/7.

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aliboukelia
2 years ago

Poloniex has become my home. I started trading on this platform a couple of years ago and thanks to the individual approach of the crypto exchange to traders, I was able to quickly get used to a new market for myself. It's very good that the company has Poloniex Learn, which is its own community of traders. Useful info constantly appears here, from analytics to current news. Considering how volatile the crypto market is, you should always keep your eyes open, and Poloniex Learn is a great help in that matter.

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gautam000yadav
2 years ago

To be honest, I didn't even think that I would return to crypto trading. I went bankrupt a few years ago with another exchange due to its hacking, then I lost a lot of dough. However, an acquaintance convinced me to return to cryptocurrency trading, now this is great hype. So he suggested Poloniex to me. The final argument in favor of this platform for me was that it has its own insurance fund. That is, all users are protected in case of force majeure and you do not have to worry about the safety of funds.

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kannupriya06
2 years ago

And I, with great apprehension, registered on the Poloniex crypto exchange. On the one hand, there is a simple and intuitive interface, you can get a loan, which expands the possibilities for trading, and in general, there are a lot of interesting buns for traders. But on the other hand, I heard from a close friend that in the past the company was repeatedly noticed in the needless blocking of user accounts. I thought for a long time whether it was worth contacting the exchange but still decided to take a chance. I don’t regret it, I’ve been trading here for six months and I’m not disappointed. The transaction fees are loyal, there is deep analytics and convenient technical tools, which simplifies the work on the crypto market.

Expert Review of Poloniex

Poloniex cryptocurrency exchange offers a complete list of the most popular cryptocurrencies and tokens, including Bitcoin, Ethereum, Litecoin, Tron, Monero, etc. Cryptocurrency assets are traded in a wide range of pairs, including fiat/crypto combo pairs. You can freely convert any cryptocurrency into fiat (for example, into USD) in your personal account with subsequent withdrawals. All major channels are available for deposits and withdrawals via plastic cards, bank accounts, and cryptocurrency e-wallets.

The interface is friendly and the technical tools are simple to operate. So, too, is its proprietary trading terminal. The terminal is equally stable and convenient both in the web version and in the mobile iteration that is proven by the test results. The different versions are the same in their functions. The Poloniex website is also adapted for mobile devices so that users can study news and analytics in the mobile trading mode.

There are three opportunities for passive earnings. The trader can provide his funds for staking, there is P2P lending, and a typical one-level referral program. Lending is the least active option at the moment. There are always a lot of offers, but sometimes there is not enough demand. Therefore, the Traders Union experts don’t recommend the investors to focus on this option.

Anton Kharitonov

Anton Kharitonov

Financial expert and analyst at Traders Union

Latest Poloniex News

11.11.2023
​Cryptocurrency exchange Poloniex reported a security breach. Losses from the hack of the exchange amount to about $118 million. Justin Sun, the founder
19.06.2023
Cryptocurrency exchange Poloniex has reported the deletion of XRP Ledger accounts.The exchange deleted more than 85,000 XRP Ledger addresses in four days,
02.05.2023
The U.S. Treasury Department's Office of Foreign Assets Control (OFAC) has fined cryptocurrency exchange Poloniex $7.6 million for sanctions

Dynamics of Poloniex’s popularity among
Traders Union’s traders, according to 2023 data

Logo TU
20,0%
Top 3
10,0%
Top 5
7,0%
Top 10
5,0%
Top 20
1,0%
Top 40
0,5%
Top 100
0,2%
Top 100+
0,05%
Jan.
Feb.
Mar.
Apr.
May.
Jun.
Jul.
Aug.
Sep.
Oct.
Nov.
Dec.

Investment Programs, Available Markets, and Products of the Crypto Exchange

Here, in addition to making money on trading cryptocurrencies and tokens, you can use passive investment earnings channels. The company offers two options:

  • P2P lending. At any time, you can apply for an asset with an offer to lend this asset in a specified amount. The offers of loans and applications for them shall be published in the corresponding section of the site. Anyone can respond to the application and provide the user with the amount requested. All the loans shall be insured by the company and a commission shall be charged.

  • Staking. You can provide a part of your funds to the validator to ensure the trades, which can only be confirmed in the blockchain system if you have a sufficient amount on your account. This system doesn’t require any extra actions, just activate the corresponding function. Funds are not frozen in the account, so you can use them at any time.

Poloniex investment programs don’t require any special knowledge or actions. You can become an investor and start getting passive income in just a click. Just ensure that you have the necessary amount in any assets on your account.

Important!

If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.

Poloniex’s affiliate program

Poloniex cryptocurrency exchange offers a standard affiliate program. Most exchanges have analogs. It is a peer-to-peer affiliate program, so you can build a network of first-level referrals, but you will not get any income from the users they invited. The terms of the affiliate program are as follows:

  • Register and verify yourself. It is not necessary to trade or invest.

  • After registration, you will receive a personal referral link to be sent to other people.

  • A user who registered using your link and started trading brings you 20% of all commissions charged from him.

  • Also, your referral gets 10% from each commission.

The last point allows you to motivate users to register using your referral link, because they get real benefits, such as savings on commissions. But this is not the only way to save money.

Trading Conditions for Poloniex Users

Established in 2014, Poloniex is a world-known cryptocurrency exchange. Today, Poloniex offers cutting-edge services, and in particular an advanced trading system introduced in 2022 that allows every customer to perform trading operations faster and with higher stability. The company offers its services in about 100 countries and regions of the world. Poloniex offers spot trading, futures trading, staking, and other services. The leverage up to 1:100 is available for traders who have seized the opportunities of margin trading on Poloniex. This allows you to multiply your profits, but you should understand that risks also increase. The cryptocurrency exchange doesn’t set a minimum trade size. But the minimum deposit for credit cards is $50. The minimum deposit from cryptocurrency sources shall be at least 0.03BTC. There are no withdrawal limits for cryptocurrency channels, but there are limits for fiat.

$50

Minimum
deposit

1:100

Leverage

24/7

Support

💻 Trading platform: Proprietary platform
📊 Accounts: Standard
💰 Account currency: Cryptocurrencies, fiat currencies
💵 Replenishment / Withdrawal: Bank cards and accounts, cryptocurrency e-wallets
🚀 Minimum deposit: $50
⚖️ Leverage: Up to 1:100
💼 PAMM-accounts: No
📈️ Min Order: From 0
💱 Spread: 0.125%
🔧 Instruments: Cryptocurrencies, fiat currencies
💹 Margin Call / Stop Out: No
🏛 Liquidity provider: No
📱 Mobile trading: Yes
➕ Affiliate program: Yes
📋 Orders execution: A limit order, Market order
⭐ Trading features: Simple interface, deep analytics, P2P lending, and staking, a lot of assets and pairs
🎁 Contests and bonuses: Yes
Your capital is at risk.

Broker comparison table of trading instruments

Poloniex Bybit OKX XT.com Bitfinex LATOKEN
Forex No No No No No No
Metalls No No No No No No
Crypto Yes Yes Yes Yes Yes Yes
CFD No No No No No No
Indexes No No No No No No
Stock No No No No No No
ETF No No No No No No
Options No No No No No No

Poloniex Commissions & Fees

Information

Poloniex cryptocurrency exchange charges transaction fees to its users. The commission size depends on the trading level. The trading level is determined by the trading volume and the fund’s amount on the account. The commission is 0.125% for the maker and recipient at the first (lowest) trading level. At the sixth and highest level, the commission is 0.000% for the maker and 0.070% for the recipient.

There are reduced commissions for users with one of the VIP accounts—Poloniex Plus Silver or Poloniex Plus Gold. Users with the Poloniex Market Maker status have the lowest possible commissions. This status shall be assigned on an individual basis. The commission for trading futures is fixed, which is 0.01% and 0.075% for the maker and recipient, respectively.

Account type Spread (minimum value) Withdrawal commission
Standard From 0.125% per market order On an individual basis

Margin traders pay interest to their lender(s) based on the amount obtained. The interest rate is indicated in the loan offer and shall be calculated after the margin position is closed. Margin trades shall be subject to the trading fees listed above. There is a 25% commission discount for all trades carried out in TRX. The experts at Traders Union have compared trading fees at Poloniex.com with competing cryptocurrency exchange commissions. Find the data on the commission levels at Poloniex, Bitfinex, and Bybit in the table below.

Broker Average commission Level
Poloniex $0.1 Low
Bybit $20 High
Bitfinex $0.1 Medium
Logo Poloniex
$0.1
$20
$0.1

Contacts

Foundation date 2014
Registration address F20, 1st Floor, Eden Plaza, Eden Island, Republic of Seychelles
Official site
Your capital is at risk.
Disclaimer:

Your capital is at risk. Cryptocurrency trading can be extremely risky. Cryptocurrency trading can lead to large and immediate financial losses. The volatility and unpredictability of the price of cryptocurrency relative to fiat currency may result in significant loss over a short period of time. Transactions in cryptocurrency may be irreversible, and, accordingly, losses due to fraudulent or accidental transactions may not be recoverable. The nature of cryptocurrency may lead to an increased risk of fraud or cyber attack.

All information posted on the Traders Union website is based on reliable and objective data. We have combined our 10 years’ experience in the financial sector and the feedback of our customers to provide you with a true picture of the best forex companies in the market. Detailed information about our methodology.
Poloniex Review Poloniex Review

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FAQs

Do reviews by traders influence the Poloniex rating?

Any review can raise or lower the rating of any broker in the general list of brokers. To read reviews about Poloniex you need to go to the broker's profile.

How to leave a review about Poloniex on the Traders Union website?

To leave a review about Poloniex, register on the Traders Union website or you can also leave a review through Facebook.

Is it possible to leave a comment about Poloniex on a non-Traders Union client?

Anyone can leave feedback about Poloniex on multiple participating clients; however, Traders Union clients also receive additional payments later for working with any broker listed at the Forex market.

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