What is Poloniex floor? Instructions for trading on the Poloniex exchange
Poloniex belongs to the top 5 famous cryptocurrency exchanges in the world. This is considered the best place to support investors
Overview of Poloniex
Concept
Launched in 2014, Poloniex is headquartered in San Francisco - USA and is owned by the company Circle. Poloniex is a cryptocurrency exchange that is highly regarded for its credibility and efficiency. After registering with the Financial Crimes Enforcement Network, Poloniex became a well-known money services business.
Poloniex has been active in the cryptocurrency market for quite a long time, this is the predecessor of famous exchanges such as: Binance , Kraken , Huobi , etc. Currently, Poloniex is officially in the top 5 largest exchanges. world.
This business allows users to make transactions of Crypto coins. However, Poloniex does not support customers to buy coins with Visa, Mastercard or through the exchange's OTC.
Coinmarketcap.com statistics Polo's daily trading volume of more than 13.8 million USD. Although this number is not very impressive, the organization is still highly appreciated for its reputation and fast transaction speed.
Subject to the management and supervision of US law, the operation status of Poloniex is always safe and absolutely confidential. This cryptocurrency organization insists that they will bear all penalties if their customers encounter any risks.
This exchange operates in 7 states of the US and some other countries, including Vietnam.
Outstanding Features
Poloniex enforces many upgrade and improvement policies to match modern trends. This exchange is pursuing the goal of expanding the market worldwide.
Possessing a huge amount of cryptocurrencies
This is one of the most outstanding features of Poloniex. This organization provides a variety of virtual currencies from old to new such as: Ripple (XRP), Monero (XMR), Steem (Steem), Bitcoin Cash (BCH). Besides that, some kind of electronic money small presence on the floor in this transaction as: BlackCoin (BLK), Burst and Bela.
Custom tools
For each trading purpose, Poloniex supports a compatible engine. The platform includes: charts, limit orders, the ability to zoom in and out of the chart. In addition, the interface of the floor is intuitive and easy to use.
Good security factor
In 2014, Poloniex was attacked by hackers. After this incident, the organization tightened security issues. The floor has applied world security standards such as: 2-layer security, SSL. In particular, customer assets are stored in offline wallets.
Besides, Poloniex supports continuous control program. That is, this program works 24 hours a day, within a week and 365 days. With this method, the organization will have better control over the unusual activities of users. Thereby improving the safety and security of customer information.
High liquidity
This ability helps Poloniex win the trust of customers more effectively. High liquidity (especially Altcoin pairs) allows users to always find partners to trade with. In addition, the platform contributes to minimizing the risk of market fluctuations.
Reasonable transaction fees
Poloniex is considered an organization with relatively low and stable transaction fees. Each transaction when made, you only need to pay a maximum of 0.2%. On top of that, if you do it with a large trading volume, your money will decrease (0.08%).
In addition, the deposit/withdrawal fee is very low, you only need to spend one fee on blockchain technology. This is the factor that helps Poloniex compete with other competitors.
Flexibility in identity verification
You don't need to go through the identity verification process if you only make small transactions. Besides, the exchange supports the anonymous feature when users trade more than 2,000 USD/day.
Professional support
Like other exchanges, Poloniex's customer service has a professional support team. You will have all your questions answered by direct calls or email. In particular, staff will support users 24/7.
Some limitations
Do not allow users to use traditional payment methods. Such as: bank account, debit card, credit card. Therefore, to make a transaction, you need to convert the money in your account into coins.
Although it has upgraded and improved security, this is still a limitation of Poloniex.
The platform only supports English. This makes it difficult for users who are not fluent in foreign languages.
Although the customer service department operates 24/7, the process of answering questions for customers is quite slow.
REGISTER ACCOUNT POLONIEX
Instructions for trading on the Poloniex exchange
How to register
Step 1 : Visit Poloniex's website by following the link: https://wiki.tino.org/polonix.re
Step 2 : Click on “ Sign Up”
Step 3 : Fill in the information in the boxes required by the page, including:
Email Address : Your email address.
Password : Enter your password (You need to set a password until the word “Strong”) appears.
Confirm Password : Confirm the password you just entered.
Referral Code : Enter the referral code (If any).
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Step 4 : Check the box “ By signing up I agree… ” => “ Click to verify ” to confirm.
How to trade.
Step 5 : Poloniex will send a confirmation letter via the Email you registered => select “ Verify My Email ” to confirm. So complete the account creation process.
How to top up
You can follow these 2 methods to make a deposit:
Top up by Visa/Mastercard.
Electronic recharge.
TinoHost recommends that you apply the electronic card deposit method. Because the way to top up with a card usually has to go through a 3rd party Simplex, the cost is quite high.
Electronic deposit is done as follows:
Step 1 : In the upper right corner of the screen, select “Wallet” => “Send money” .
Step 2 : In the search box, enter the coin or token you want to top up.
Step 3 : Copy the address of the coin or token => Send it to the person who wants to transfer money to you or withdraw from another wallet and exchange.
Besides, you can scan the QR code to get the wallet address.
How to withdraw money
Step 1 : Select “Wallet” => “Withdrawal” .
Step 2 : In the search box, enter the name of the coin/token you want to withdraw.
Step 3 : After finding a satisfactory coin/token, the system will ask you to fill in some information:
Address : Enter the name of the address you want to withdraw to.
Available balance : Total assets you own.
Amount to withdraw : Enter the amount in the box or select “Maximum amount” to withdraw.
Transaction Fee : The total fee you need to pay when making a transaction.
Total : The amount you withdraw after deducting fees.
REGISTER ACCOUNT POLONIEX
How to KYC (identity verification) account
Step 1 : In the “Settings” => “Profile” => “Start” section .
Step 2 : Fill in personal information as required
Country : Vietnam.
Name : Enter your name.
Last Name : Enter your last name.
Date of Birth : Enter the date/month/year of birth.
Phone number : Select “+84” => Enter your phone number in the box.
Address : Enter the address where you live.
City : Enter the city you live in.
ZIP code
Finally select “ Continue ” to move to the next step.
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Step 3: Select “ Start ”.
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Step 4: You can choose to verify your account in 2 ways: Enter ID card or Passport.
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Step 5 : Select “ Take photo ”.
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Step 6 : Click “ Start ” (illustration image for identity verification by ID card. You should take a clear, high-quality photo).
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Step 7 : Take a photo of the front and back of the ID card => “ Confirm ”.
Step 8 : The system will ask you to take a selfie of your face => Select “ Start ” to start implementation.
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Step 9 : Adjust your photo until the green checkmark is displayed => Click “ I'm ready ”.
Normally, the KYC process will take about a few minutes. The system will send a notification via your Email shortly after.
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Finally, you just need to click “ Start Trading ” to complete the operation.
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Poloniex is a cryptocurrency exchange that is worth investing in. Through the above article, TinoHost hopes you have a better understanding of this exchange. If you have any questions or concerns, you can contact us directly for answers.
WARNING: This is an information sharing article, not a call to invest, you must be responsible for your own decisions. Investing in financial products always involves a lot of risks, so you need to consider carefully before making a final decision. Wish you wise and sober to make the right investment decisions!
REGISTER ACCOUNT POLONIEX
Frequently asked questions about Poloniex
Does Poloniex floor suffer from frequent maintenance failures?
Most exchanges have to update features, check the system regularly. This contributes to improving the user experience. Therefore, it is normal for the floor to be temporarily closed for upgrading.
As for Poloniex, this exchange does not have regular maintenance. However, if there is maintenance, the floor will also notify customers in advance. You can follow Poloniex's updates on the media.
What is the withdrawal limit on the exchange?
After successful identity verification, you can withdraw $25,000 per day.
Does Poloniex have a mobile app?
Besides the Windows version, the Poloniex exchange now publishes more applications on mobile devices. This application is very friendly on popular platforms such as: iOS, Android. App Poloniex launched users in July 2018.
What transactions does the exchange support?
This organization supports trading:
Spot trading.
Margin trading.
Lending.
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