A SIMPLE REVIEW ON POLONIEX: UNDERSTANDING THE SYSTEM OF POLONIEX TRADING.

Poloniex is an amazing exchange with so many great benefits associated with it, the available benefits on project hope makes it far convenient for it to compete with other exchanges and still come out amongst one of the best rated available exchanges.

Poloniex has a unique trading style of only accepting cryptocurrency coins, on poloniex with ease and convenience, traders can trade coins of different cryptocurrencies. The fact that a crypto currency exchange could be rated as one of the largest cryptocurrency based on trading volume, shows that it is a trading platform that can be trusted.

On poloniex however, there is no room for transactions based on fiat irrespective of the currency or region where the transaction is taking place, it is only exchange of coins that is possible on poloniex, if you want to trade your coins on poloniex and the resources is in fiat, you will need to use a different exchange to convert the fiat into a certain cryptocurrency coin before proceeding to convert it into desired coin on poloniex.

Poloniex offers a safe trading platform because the system ensures that majority of trader’s funds are not stored online it is rather stored in a form of cold wallet and the interpretation of this is that, there will be no case of hacked funds of users, the only little percentage of funds stored online is one that will be sufficient to go round to traders on a regular basis. Although, this is not to dispute the fact that during the early days of poloniex, the server experienced a serious hack.

On poloniex also, there is no restricted type of trade, I am certain you are aware that some trading platforms only offer peer to peer type of trading but on poloniex, there is a variety of trade type option made available and examples are (stop-limit orders and margin trading).

Another very interesting thing about trading on poloniex is the fact that it offers a system of margin lending this means that through margin lending, you can easily loan out your tokens to other traders who will use it and pay you back with profits, so asides the low charges on transactions, through poloniex you also stand a chance to make profits when you lend your token to other traders.

Creating an account on poloniex is attached to a great level of ease and convenience making it a better option for traders to create an account and get their accounts working conveniently and great.