Spotlight on Poloniex Contest: The Legendary Crypto Asset Exchange

Poloniex

poloniex
Poloniex exchange platform had conflict
some years, but it seems that now the exchange is ready to stabilize and win back its user base. Poloniex offers some of the lowest cryptocurrency trading fees on the market, margin trading, margin borrowing, has its decentralized exchange, and the IEO launchpad. Even though its customer service is not the best, it allows you to trade without forced Know Your Customer (KYC) measures, which is a rare positive element in today’s crypto industry.

Due to its clear interface, the poloniex is an excellent starting point for beginners, as well as more experienced traders. It takes just a couple of minutes to sign up and start trading, so use it to your advantage. Launched in Delaware, USA, Poloniex began in January 2014. Its founder is Tristan D’Agosta.

poloniex hompage. Source: poloniex.com

How did you first come to know about Poloniex.
After searching for a way to earn cryptocurrency by writing articles I game across steemit on a local Nigerian forum called nairaland.com then I quickly signed up with steemit. Then when I discovered that steemit has some processes that is involved in withdrawing steem i now decided to make a research on google on "how to cash out steem rewards." Then I came across a post titled; How to Cash Out Steemit Rewards as Real Money? {Steemit Withdrawal Guide by @ilyastara} using poloniex as the exchange platform, so I signed up to poloniex.

In this first part of my post, i will be writing on Poloniex key features, as this will help those who hasn't sign up to do so and those who has already signed up to benefits.

Poloniex is a cryptocurrency exchange for both experienced and amateur cryptocurrency traders. Which offers a range of crypto markets, advanced trade types, as well as margin trading and crypto lending, which makes it a convenient place for traders from all part of the world.

The key features of poloniex
1. Sign up and trade within minutes. Poloniex does not force you to pass KYC checks, so you can sign up with your email and start trading immediately. If you don’t have any cryptocurrency yet, you can buy some with fiat using its Simplex integration, but this operation will require you to verify your identity.
2. Poloniex margin lending. You can earn passive income by giving your crypto assets with interest.
3. Low fees. Poloniex has the lowest trading fees amongst other altcoin exchanges.
4. You can Trade 60+ cryptocurrencies,** including Steem, bitcoin (BTC), ethereum (ETH), litecoin (LTC), ripple (XRP),tron (TRX), eos (EOS), monero (XMR), and many more.

Source
Early 2020, Poloniex does not support fiat trades and deposits, and its customer support efforts are still minute. However, after it relocation to Seychelles, the crypto exchange underwent a series of changes and is one of the best altcoin exchanges today in terms of the platform’s usability, fees, and performance. What are you waiting for sign up today and start enjoying this great features.

What experience have you have had of using Poloniex.

My Experience with Poloniex
Aside from it spot trading, i can also conduct low fee margin trades with up to 2.5x leverage. Another experience is that it doesn't support fiat currencies.

To be continued

Thanks for spending your time in reading this post. I will appreciate your it if you comments by sharing your own reviews that will assist everyone here, and also my next post.

Please sign up if you haven't not experiences is the best teacher.