Poloniex - Exchange review part 1

Hey all,
This post is my entry in Spotlight on Poloniex contest. You can view the detailed information about the contest here.

_{Source - Google}

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Poloniex origin

Founded in 2014 Poloniex is one of the oldest and most experienced digital asset trading platforms in the world and was among the first exchanges to be recognized as on par with Wall Street.

In 2019 Poloniex announced partnerships with TRON founder and BitTorrent CEO Justin Sun and other investors, with the aim to bring blockchain and digital assets to new heights while providing a top tier trading experience for investors across the globe.

Poloniex has been recognized as one of the most secure cryptocurrency exchanges in the world. Since its founding in 2014 Poloniex has never been subject to any security breaches. To this day Poloniex continues to work tirelessly in maintaining its platform as a premier place for safe trading.

Poloniex’s mission is to build the most advanced crypto marketplace while providing healthy and liquid markets that connect passionate investors with blockchain innovators and thus revolutionize global finance.

Poloniex is registered in Seychelles.

_{Information source here}

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How did I first come to know about Poloniex?

While I came across my feeds in steemit one of the steemian (@rishabh99946) posts got my attention. I read about the features and advantages available in Poloniex then by just today I opened my account. Yeah, I liked every User Interface of the website it's more user-friendly.

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Site native currency

For example, if we are trading in Biance.com we have a 25% discount on fees if we pay our trading fee in BNB token hence BNB act as a native currency for Binance. Likewise here TRX act native token as providing a 25% discount in transaction fees. Not only the TRX will reduce the fact of trading fees but there are more than that like tiers. Yeah, there are different tiers which will reduce the payment of our fees. You can see clearly in below image.

<sub>Source - POLONIEX

POLONIEX fees structure</sub>

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What are the features I like on poloniex

• User Interface
• Least withdraw fee.
• STEEM / USDT pair.
• Activity option.

User interface:-

The user interface design of the entire site and mobile application looks cool ad more realistic. This attracted me here more than other factors.

Least withdrawal fee:-

In more of the exchanges like Wazirx (Indian crypto exchange) demands 5 trx as transaction fees but here we only charged 0.01 TRX as transaction fee.

STEEM / USDT pair:-

Most of the exchanges which I use doesn't have a trading pair of STEEM / USDT luckily we here have a USDT pair this allows user to buy at an exactly low price or sell at a high price. If we put an order in BTC pair mean the price of BTC will vary drastically.

Activity option

As we have an activity page in steem and hive we have an activity page where we have activity page shows deposit, withdrawal, distribution, bank deposits and withdrawals and referral rewards in a single page.

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Step to deposit steem

Click on the wallet and there is a search box on the top right corner of the website. The name of the currencies is arranged in alphabetical order. so we have to type on the search box and click deposit.

Then we will get the respective memo and address to deposit. It is really important to type the correct memo during the transaction of exchanges because the memo is like sub address when we mistyped the memo mean we will completely lose the funds so be aware will do the transfer.

Sessions and login history:-

In order to improve our security and track our login. We have an option cally sessions and login history where we can view our date, IP of login. Seems cool right 😎.

_{Source - POLONIEX}

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Referral bonus

Like every exchange, they too provide referral bonuses for those who invite their friends to join Poloniex through their referral link. You can signup through my referral link here.

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I just need to thank you for reading upto here.
This post is set 100% power up.

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