Poloniex permits users to purchase, trade and sell plenty of dissimilar cryptocurrencies, which consists of famous coins such as Ethereum and Bitcoin, and less famous ones as well. That is a very famous exchange, with regular trading volumes of over $100 million. They earn their money by charging a fee on daily trade conducted through their exchange, which both the seller and the buyer have to pay. For veteran traders, Poloniex also provides extra services like Poloniex lending and margin trading. Also, you can mechanize your lending at this platform using a Poloniex lending bot called Aivren.
Reasons why should you choose Poloniex
The large varieties of cryptocurrencies are one of the main benefits of using Poloniex exchange. That comprises leading coins like Bitcoin Cash, Monero, Steem, and Ripple. But, this platform also has a list of some smaller cryptocurrencies such as Burst, Bela, and BlackCoin. When you want to trade, the platform also has a perfect range of tools. This exchange is also suitable for newbies because the interface is user-friendly.
Another benefit of using this exchange is that it holds enormous liquidity, particularly with altcoin pairings. Now that’s significant because it implies that you will always connect with someone to trade with, which lessens the volatility risks. Now, let’s talk about the charges; Poloniex is considered one of the finest in this sector for making withdrawals and deposits. Here, you will need to pay the transaction fee for blockchain. Various other exchanges earn revenue when you take out your money, which is not fair because they warn money from you whenever you trade too.
Trading charges of Poloniex
Trading charges at Poloniex exchange is very affordable because you will pay the highest charge of 0.125%, with this fee being reduced when you trade larger volumes. Another great benefit of this exchange is that you don’t require verifying your identity unless you trade more extensive amounts.
