Poloniex

3.9
(25 reviews)

Poloniex is a leading cryptocurrency exchange offering a wide variety of digital assets.

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Poloniex review by Miguel G.
Miguel G.
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"Excellent cryptocurrency exchanger in the cloud"

What do you like best?

It seems to me an excellent platform for the safe exchange of cryptocurrencies, besides being very easy to use. Previously they did not have an application for smart phones, but they have already implemented an application and it works perfectly. I like its management of the security and the large amount of cryptocurrencies that can be handled. It has low commissions, although there are actually platforms with lower commissions. I also like the authentication by two factors, this gives greater integrity and security to the entire web platform. And it also has APIs for external uses, although they are a bit complicated to use. It is a great platform

What do you dislike?

I do not like your web application design, the look really looks old, although it really is quite functional and simple. At one time you had problems to accept registrations of new members, but already that problem was solved and it seems to me very good platform

Recommendations to others considering the product

I highly recommend the cryptocurrency enthusiasts to use this platform, it really seems comfortable and safe. In addition to having a large number of cryptocurrencies that can be bought and sold without any limit. The limits are in withdrawals according to the level of verification of each account.

What business problems are you solving with the product? What benefits have you realized?

It has helped in the company to achieve many purchases through cryptoactives, the truth is achieved very easily, the platform has relatively high retirement commissions, but within the platform the exchange is really economical

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Poloniex review by Ignacio L.
Ignacio L.
Validated Reviewer
Review Source

"Excellent exchanger for cryptocurrencies and trading"

What do you like best?

I think the amount of cryptoactives that exist in this platform is excellent, in turn the platform is very friendly and easy to use for trading and normal exchange operations Another positive point is the security of your platform against hacker attacks, since these platforms are very attacked, and these are really resistant against any type of attack. Finally, they also managed to get their mobile application out of the platform, since it is very important for many users to have this application on their phone

What do you dislike?

I do not like that some commissions are higher than the other exchangers, but it is compensated by the excellent quality of service provided by this company. Another point that I do not like are the slow processes for identity verification, I think they should be faster

Recommendations to others considering the product

Poloniex is a good company, I believe that they are on track and making a constant improvement of their products and services. That is important is a company, to be able to make this constant improvement. They are also always expanding and renewing their portfolio of cryptoactives, in order to offer the public the most novel and important cryptoactives, allowing all clients to choose which portfolio of cryptoactives to have

What business problems are you solving with the product? What benefits have you realized?

One of the problems that could be solved with this platform was to be able to buy criptoactives from BTC, in order to have a wide portfolio of these or obtain long-term profits

What Cryptocurrency Exchanges solution do you use?

Thanks for letting us know!
Poloniex review by User in Computer Software
User in Computer Software
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Verified Current User
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"Secure, fast exchange with wide variety of crypto-currencies"

What do you like best?

Poloniex seems to put forth substantial effort to ensure their platform is private and secure. They provide TOTP for multi-factor authentication, which is far more secure than SMS.

They provide access to many crypto-currencies, and the fees are very reasonable (frequently as low as 0.1%).

What do you dislike?

I wish Poloniex would provide secondary currency support, particularly in charts. Users wanting to evaluate trade ideas, currency movement, etc. in terms of US dollar, for example, are on their own to do the necessary calculations.

Additionally, customers needing to convert crypto-currencies to fiat (i.e., USD) need to transfer them to another exchange. This transfer involves additional fees.

Finally, some may not like that Poloniex does not offer mobile device applications such as an iPhone app. I personally find this attractive, because it helps them maintain very high security.

What business problems are you solving with the product? What benefits have you realized?

Poloniex provides a good exchange for trading crypto-currencies. Their focus on security is evident, and gives me better peace of mind than other exchanges.

Poloniex review by V S.
V S.
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Verified Current User
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"US Exchange done RIGHT"

What do you like best?

First of all, I LOVE the dark theme. I really appreciate how you can see your balances and transactions on a single page. The added security of approving a transaction is phenomenal and should be standard in crypto.

What do you dislike?

My only wish is that users can purchase cryptocurrencies with fiat directly from the platform and not need to do so with a third party. If that service were offered it would make the platform standout as a competitor to other exchanges.

Recommendations to others considering the product

My only recommendation is that all new users transfer BTC or USDT to the exchange PRIOR to buying or selling.

What business problems are you solving with the product? What benefits have you realized?

Poloniex solves the issue of finding a trustworthy US crypto exchange.

Poloniex review by Ashley M.
Ashley M.
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Verified Current User
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"One of my most used exchanges."

What do you like best?

Poloniex is one of my most used exchanges, it has 4 base cryptocurrencies and from them there are many other cryptocurrencies to invest and get the highest return, it has real time graphics that facilitate the analysis, the web is very easy to use, it is registered in FinCEN and keeps 98% of the funds offline.

What do you dislike?

The only thing I don't like about this platform is that it doesn't accept fiat money, it's a good exchange, very reliable and safe.

Recommendations to others considering the product

I recommend this platform because it is easy to operate and very safe.

What business problems are you solving with the product? What benefits have you realized?

Poloniex facilitates the trade of cryptocurrencies because of its fast transactions and low fees.

Poloniex review by User
User
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"Fewer Markets, But good reputation"

What do you like best?

Poloniex is knowned for its security. The platform offers 2FA mechanism using the Google authenticator.

There are various altcoins to trade, margin trading is also available and trading fees go as high as 0.25%

The platform is relatively fast on mobile devices

What do you dislike?

The platform does not offer a native mobile app as other exchanges such as Coinbase, Binance, etc.

I personally complaining to the company via email for a lack of support on the platform.

The platform is also well known for it's pump & dump culture which favors day trading rather than swing traders.

The mobile web app needs a serious redesign in order to make it more appealing and easy to navigate on mobilr devices.

What business problems are you solving with the product? What benefits have you realized?

I use Poloniex to diversify my portfolio of crypto assets. In certain markets, it's more advantageous for me to trade on Poloniex because certain coins are cheaper to acquire.

Poloniex review by Justin H.
Justin H.
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Verified Current User
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"The most prestigious U.S. crypto exchange"

What do you like best?

Poloniex is the most prestigious U.S. crypto exchange, accepting transactions from all countries in the world, after the 2014 attack have invested a lot in security and managed to improve their reputation again, allows to operate with leverage and has a huge variety of cryptocurrecies available.

What do you dislike?

The website is slow, customer support is very bad and does not accept fiat currencies.

Recommendations to others considering the product

Poloniex is an excellent exchange with low rates and fast transactions, offering security and reliability.

What business problems are you solving with the product? What benefits have you realized?

Poloniex gives me access to more than 100 different altcoins to trade and is accepted in more than 200 countries and has a lending and margin trading platform.

Poloniex review by Carlos P.
Carlos P.
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"One of the safest and most reliable crypto-crypto exchanges"

What do you like best?

Poloniex is one of the safest and most reliable crypto-crypto exchanges founded in the USA, it requires 2-factor authentication for API use and for withdrawals, it has audit programs that block suspicious activity and most of the funds are stored cold and offline.

What do you dislike?

They do not offer the possibility to deposit U.S. dollars and their customer service never answers.

Recommendations to others considering the product

It is a regulated company and therefore totally serious and safe, allows access to very interesting currencies and very good profits.

What business problems are you solving with the product? What benefits have you realized?

Supports more than 65 cryptocurrecies which allows me to constantly update and vary investments, allows access to almost unknown and very profitable coins.

Poloniex review by Moe G.
Moe G.
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"More than 100 altcoins available to trade"

What do you like best?

Poloniex is an exchange founded in 2014 in the U.S., has more than 100 altcoins available to trade, has a very high liquidity, fees are low and does not charge for deposits and withdrawals, offers 2-factor authentication and stores funds offline and in a cold storage.

What do you dislike?

Their customer support is very bad and they do not offer as an alternative the deposit and withdrawal of dollars.

Recommendations to others considering the product

Poloniex is a famous exchange for its security and extensive list of cryptocurrencies it allows.

What business problems are you solving with the product? What benefits have you realized?

It allows me to trade with cryptocurrencies easily, quickly and safely, their safety is the most remarkable.

Poloniex review by Candy R.
Candy R.
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"Huge list of cryptocurrencies"

What do you like best?

I like that you can trade with leverage, has a huge list of cryptocurrencies that you can access in Poloniex and has a stop-limit to reduce risks, allows me to diversify the cryptomonedas portfolio of my clients and get better results.

What do you dislike?

It has a very bad customer service and the web loads very slow.

Recommendations to others considering the product

I recommend this platform for the amount of cryptocurrencies offered to its users, have greatly improved security after the attack of 2014.

What business problems are you solving with the product? What benefits have you realized?

Help my company to exchange easily and quickly a wide variety of cryptocurrencies, fits the needs of my customers.

Poloniex review by Edward P.
Edward P.
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Verified Current User
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"Four base cryptocurrencies."

What do you like best?

I like Poloniex because it has more than 75 cryptocurrencies available, also 4 base cryptocurrecies are used to exchange which makes the exchange experience more comfortable and inexpensive while other platforms only offer 2.

What do you dislike?

The only bad thing is he doesn't accept fiat, only cryptocurrencies.

Recommendations to others considering the product

I recommend Poloniex because it offers a great variety of cryptocurrencies, and they have improved their safety a lot.

What business problems are you solving with the product? What benefits have you realized?

Poloniex is a good exchange platform, deposits and withdrawals usually take 30min, it has graphics that help a lot to keep informed about the cryptocurrencies available.

Poloniex review by Michel A.
Michel A.
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"Has a great reputation"

What do you like best?

Poloniex is excellent and safe, offers a lot of cryptocurrencies to trade, has a great reputation in the market for its security, also allows to trade on margin which is not very common on these platforms.

What do you dislike?

Customer support is very poor and the website loads very slowly.

Recommendations to others considering the product

I consider Poloniex a powerful tool for digital currency exchange, it offers excellent and detailed charts on each currency.

What business problems are you solving with the product? What benefits have you realized?

It allows me to trade on margin and exchange cryptocurrencies quickly although the web is a bit complicated to understand at first.

Poloniex review by Manuel A.
Manuel A.
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Verified Current User
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"Interface very clean and user friendly"

What do you like best?

Poloniex was released in 2014 and has users all over the world, its interface is very clean and user friendly, it does not charge for deposits and withdrawals, it has 2-factor authentication and stores almost all backgrounds offline for security.

What do you dislike?

It does not allow trading in fiat currencies and its customer service is very poor.

Recommendations to others considering the product

Poloniex is an excellent exchange that allows you to trade digital currencies easily and quickly.

What business problems are you solving with the product? What benefits have you realized?

Offers over 100 digital currencies, allows margin trading and very low fees.

Poloniex review by Demian P.
Demian P.
Validated Reviewer
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"Requires 2-factor authentication for withdrawals."

What do you like best?

There are many things I like about Poloniex, for security requires authentication of 2 factors for withdrawals and to use the API, the vast majority of customer deposits are hermetically stored cold, Poloniex has audit programs every day of the year and block all activities it considers suspicious, allows trading by margin and leverage and is regulated by FinCEN.

What do you dislike?

The bad thing about Poloniex that only receives deposits in cryptocurrencies, does not accept fiat currencies.

Recommendations to others considering the product

Poloniex is a very safe platform with low fees, it is highly recommended because it is easy to use.

What business problems are you solving with the product? What benefits have you realized?

It gives me access to more than 100 digital assets on your platform and offers margin trading, something very interesting and missing in most exchanges.

Poloniex review by Mark J.
Mark J.
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"Allows access to more than 150 countries, more clients."

What do you like best?

Poloniex was founded in 2014, most of its users are in the USA but the platform allows access to more than 150 countries, is a fairly complete and secure exchange of cryptocurrecies, fees are relatively low, regarding security I like the cold storage of funds offline and the authentication of 2 factors.

What do you dislike?

Their customer support never solves anything and they should offer the option to trade fiat currencies.

Recommendations to others considering the product

Poloniex is a great exchange, for its security has earned a good reputation, also allows trading with some cryptocurrencies almost unknown.

What business problems are you solving with the product? What benefits have you realized?

It allows me to trade between cryptocurrencies of high and low volume, there are always novelties, it achieves a large margin of profitability to trade in Poloniex.

Poloniex review by Sabah B.
Sabah B.
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"Poloniex is an exchange for those that love altcoins and margin trading."

What do you like best?

A great thing about Poloniex is that is offers a large variety of altcoins along with margin trading for them.

What do you dislike?

The bad part of Poloniex is that it has been hacked severely back in 2014, so there is always that question of trust within the platform. But also that it seems to be a hub for pump and dump culture which is not a good thing in the crypto space. This means the users can be an easy target for price deception and losing money in short amounts of time because of artificial pumps on the platform. The charts on the platform also look a little confusing.

Recommendations to others considering the product

Only use for altcoin margin trading

What business problems are you solving with the product? What benefits have you realized?

Poloniex provides altcoin margin trading.

Poloniex review by Nathan S.
Nathan S.
Validated Reviewer
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"Great place to start trading cryptocurrency"

What do you like best?

Poloniex is a perfect exchange for merchants that wish to convert one cryptocurrency to a different, lend digital token or trade on margin. It offers a hundred's of crypto coins to exchange or trade with and they've got a unique tool that allows users to analyze the cryptocurrency market before they start a new trades.

What do you dislike?

There is a selection of points Poloniex might fix including; long withdrawal times, lacking technical assistance, no fiat to cryptocurrencies trading (just crypto to crypto), long verification wait times, problems with accessing the site as a result of technical problems.

What business problems are you solving with the product? What benefits have you realized?

Trading cryptocurrencies and margin lending

Poloniex review by Malcom E.
Malcom E.
Validated Reviewer
Review Source

"Funds are stored offline in a cold and airtight storage."

What do you like best?

Poloniex is an exchange based in the United States, offers advanced trading tools, maximum security with 2-factor authentication and most of the user's funds are stored offline in a cold and airtight storage.

What do you dislike?

The only thing I find wrong with Poloniex is that it does not allow trading in dollars, euros or pounds.

Recommendations to others considering the product

I recommend Poloniex because it is a company regulated by North American laws, has a good amount of cryptocurrencies to trade and charges very low fees.

What business problems are you solving with the product? What benefits have you realized?

Poloniex is a very secure exchange that allows me to access more than 70 altcoins with really low commissions.

Poloniex review by User
User
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"Poloniex es uno de los mejores exchanges que esisten actualmente"

What do you like best?

La plataforma es bastante fácil de usar, manejan una buena cantidad de diferentes criptomonedas y por otro lado toman muy en serio la seguridad por lo que solo agregan criptomonedas que hayan demostrado cierta solidez, de esa forma evitan scams y fraudes.

Se interconecta fácilmente con otras herramientas para utilizar su data en los casos como análisis gráfico o seguimiento donde las funcionalidades existentes se quedan cortas.

What do you dislike?

La parte de análisis gráfico podría mejorar mucho, le faltan herramientas y funcionalidades que permitan hacer los análisis de forma rápida. Actualmente yo prefiero usar otra herramienta para análisis gráfico cuando opero con Poloniex. Otro ejemplo es que para hacer seguimiento de precios y operaciones es imprecindible utilizar otras herramientas.

Recommendations to others considering the product

Excelente herramienta para análisis del mercado de criptomonedas. Su solidez y trayectoria dan la seguridad y confianza necesarias para trabajar con Poloniex.

What business problems are you solving with the product? What benefits have you realized?

Me permite operar con criptomonedas de todo tipo.

Poloniex review by User in Internet
User in Internet
Validated Reviewer
Review Source

"Best Crypto Exchange for Business"

What do you like best?

I really enjoy the care they took in designing the UI, specifically when setting up stop-limits and sell-limits, as well as margin trading. It allows for a very robust set of options when executing trades, evaluating charts, and ultimately getting your money back out. I have used a few competitors, namely Binance and Coinbase, and have found more success with Poloniex. The fact they are based in the US helps as well.

What do you dislike?

One issue I encountered was the response to my inquiry for account recovery. The automated ticket told me I'd hear a response in 72 hours, but it took closer to a week before I heard back. This was to recovery my 2FA and was not handled with the urgency I was hoping for.

Recommendations to others considering the product

Weigh the options of using every exchange before making a decision. Poloniex works for me as it offers a lot of tools I need on a daily basis, but some people may not need that level of complexity. Other exchanges offer similar tools but with more approachable UI, so understand what you need in order to be successful. I believe Poloniex offers some standout features and would recommend it to anyone looking to expand their business.

What business problems are you solving with the product? What benefits have you realized?

When you trade cryptocurrency as a form of income, it's important that you can feel confident in your tools. Poloniex has allowed me to set more automation, expanding my business and by leveraging the margin trading, you can earn even more.

Poloniex review by Vaschni S.
Vaschni S.
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Verified Current User
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"Reliable app and site"

What do you like best?

I like how simple the platform is. The app is awesome.

What do you dislike?

I wish the charts were simpler it takes a second to understand the timeframes.

What business problems are you solving with the product? What benefits have you realized?

It helps me find an easy exchange that is on US soil.

Poloniex review by User
User
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Verified Current User
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"Versatile Friendly Crypto Exchange"

What do you like best?

The exchange is straightforward and simple to use and provides a significant amount of information. The trading rates provided by Poloniex are fair and competitive.

What do you dislike?

The interface is somewhat simplistic and can be slightly clunky when compared to other similar sites. It could use additional features to more effectively graph information.

What business problems are you solving with the product? What benefits have you realized?

Using Poloniex provides the ability to move between crypto currencies in a fluid manner.

Poloniex review by Ryan  G.
Ryan G.
Validated Reviewer
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"Works well. Could use improvements. "

What do you like best?

Charting library is easy to use, and supports different indicators.

What do you dislike?

Aggragated order book instead or trade history. Need to provide web socket support for ticker data.

What business problems are you solving with the product? What benefits have you realized?

Good API support, so can connect to our platform well

Poloniex review by User
User
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"Reliable site, but there are more popular ones out there now. "

What do you like best?

I liked it had been around for a while and was reliable. There are definitely ones that are more popular and have more liquidity now.

What do you dislike?

Probably the last of updates and it seems less user centric.

What business problems are you solving with the product? What benefits have you realized?

It was an easy place to buy and trade.

Poloniex review by User
User
Validated Reviewer
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"Poloniex is definitely work checking out."

What do you like best?

There are 2 main things i like best about Poloniex: the number of trading pairs, and their API.

What do you dislike?

Not their fault, but some pairs have less volume than preferred.

What business problems are you solving with the product? What benefits have you realized?

Easy trading of crypto assets. That was the problem and the benefits.

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