Poloniex (P网) is a veteran altcoin trading platform with a large user base, a simple interface, and a low fee of 0.09%. Established in 2014, Poloniex is a US-based digital asset exchange known for its high security and advanced trading features. It’s a highly reputable platform with a large trading volume and a diverse selection of cryptocurrencies. While its website is in English, it’s relatively easy to navigate. You will need a VPN to sign up. Poloniex offers a wide range of altcoins for trading. The platforms large user base is a major draw. Since its competitor, Cryptsy, disappeared in 2016, Poloniex has experienced rapid growth in trading volume, particularly after the altcoin bubble in early 2017. Its monthly traffic increased from 7 million visits in February 2017 to 30 million visits in May of that year.

Poloniex (P网) Advantages:

One of the most popular cryptocurrency exchanges

Up to 4x leverage for large coin-to-coin trades

One of the most user-friendly trading interfaces for both mobile and desktop browsers

High trading volume for major cryptocurrencies, including Ethereum

Access without a VPN

Poloniex (P网) Disadvantages:

Fiat currency deposits are not supported

There is no Chinese version, and Google Translate is not optimal

Poloniex (P网) Features

Insured

We insure the crypto assets held on our platform.

Secure

We are committed to security and store the majority of our customers funds offline.

Standard

To protect our customers, we work with regulators and industry peers to establish standards and best practices.

60+ Cryptocurrencies

Trade dozens of crypto assets, from BTC and ETH to popular altcoins and stablecoins to innovative new projects.

Leverage

Margin trade for higher returns on a range of currency pairs (non-US only).

Innovation

Gain new access to new projects such as early listings for new projects, airdrops and forks.

Fast API

Run smart algorithms and bot trading strategies for better alpha.

Research

Stay informed with in-depth asset reports, weekly market recaps, industry insights and more - all free.

Sign Up

Join a global community that believes in the power of crypto.

Poloniex (P网) History

Headquartered in Wilmington, Delaware, Poloniex was founded by Tristan DAgosta in 2014.

From its inception, Poloniex found a customer base in US citizens looking for variety in cryptocurrency trading platforms located within the country.

These cryptocurrency trading enthusiasts were looking for alternatives, so they could rest assured that they wouldn’t need to transfer their funds offshore, without consumer protections in their name.

This proved to be a double-edged sword for Poloniex, which had to not only offer the latest products in the cryptocurrency space, but also ensure that it met customer expectations of providing top-notch service.

With the growing competition in the US from exchanges like Coinbase and Gemini, Poloniex has had to consistently maintain its standing as it has been for the past 4 years. It currently offers services throughout the US, with the exception of the following three states: New Hampshire, New York, and Washington.

This brings us to the current product offerings of Poloniex.

Poloniex (P网) Margin Trading

Margin trading is essentially borrowing money, rather than using your own. When you place a margin order, all funds that you use are borrowed from other users who have provided their funds as peer-to-peer loans. The funds in your margin account only serve as collateral for these loans, and are used to repay the debts of the lenders.

Poloniex (P网) Lending Introduction

Lending is a way to earn money off your funds without actively trading. With this feature, you will select the coin you wish to lend to others, how long you are willing to lend it for, and choose how much you want to charge the borrower.

Poloniex (P网) APP Supported Languages

The application currently supports the following languages: Chinese (Simplified and Traditional), Dutch, English (US, Irish and British), French, Italian, Japanese, Korean, Polish, Portuguese (Portuguese and Brazilian), Spanish, Thai, Turkish and Vietnamese.