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About the application:

Poloniex is an perfect exchange for all those looking to trade altcoins as well as BitcoinsPoloniex, also known as Polo, has been based out of Delaware, United States, since 2014. It’s a well-known name in the industry, and it consistently boasts the highest trading volumes for altcoins.Users who wish an unparalleled selection of trading pairs will have fun Poloniex. The exchange’s setup suits more experienced cryptocurrency traders—it isn’t the put to create your first Bitcoin purchase.For a crypto to crypto exchange there is awesome safety and decent volume and orderbook depth for the majority of its trading pairs.FeesPoloniex provides some of the lowest fees around, with the highest taker fee set at 0.25% when trading under 600 BTC. The maker fee starts at 0.15%, which is particularly low for trading exchanges. Working with colossal trade sizes, you can almost eliminate fees.SecurityA clear and concise layout of the exchange’s safety features is a tiny hard to come by. Poloniex does, however, claim the following:The vast majority of customer deposits are stored offline in air-gapped cold storage. We only hold enough online to facilitate active trading, which greatly minimizes risk and exposure.Beyond this, how the platform’s safety operates is a bit of a mystery. Generally, I like to know what steps are in put to protect trading accounts—if only to sleep a tiny easier at night.The near-essential two-factor authentication is accessible to players so that at least hackers can’t access your acc with just a single password. As always, test not to hold really big sums in a trading exchange for lengthy periods of time. If possible, shop funds in a cold hard wallet under your control. ConclusionPoloniex’s large trading volumes recommend that it actually operates smoothly and without issues for the majority of players. But public opinion and complaints do create me think twice about the exchange. The brilliant access to altcoins and trading pairs is a true upside, but if you can’t withdraw your funds, then it’s all a waste of time.Perhaps Poloniex’s sheer volume and popularity are stifling its problem-solving and customer help efforts. There’s a wide range of tournament now, so you may wish to look at some another options—especially if you’re simply wanting to deal with major cryptocurrencies such as Bitcoin, Bitcoin Money, Ether, and Litecoin