Poloniex Vs. Bittrex: Which is Better?

Hi friends, In my today post I share my opinion about well known exchanges of Bittrex and Poloniex. I share my personal experience through this post.

In the crypto market, we can make a huge profit in doing trading in Exchanges on investing with a low amount. But for this, we need to be trusted, secured and user-friendly interface having Exchanges. Based on our needs we use different exchanges as per our needs. Coming to me I using 5+ exchanges for my needs. From this Bittrex and Poloniex also two of them. Both are well known, Top most exchanges.

For holding coins for short period we can hold in exchanges, if you wish to hold those for long term then must use your wallets or hardware wallets for holdings. Don't keep those in exchanges for a long time, at the same doesn't hold huge founds in one exchange too. In Crypto field without private keys there is no security for our assets, so be careful on storing those keys.

Poloniex and Bittrex are two of the most popular digital currency exchanges available today for our trading needs.

Bittrex vs. Poloniex: Which is Better?

In the current situation for buying Bitcoin is not so easy due to its high price, not possible to invest there. So all of the new investors investing their funds in different altcoins. Some times they buy 15+ their favourite coins too at a time based on their interest. For holding those we need different wallets, holding all those in single wallet not possible, do we need 15+ different wallets for holding. But now we don't have any issues for holding those because now all exchanges offering free embedded wallets for our needs at free of cost.

We having this feature both Poloniex and Bittrex too. So here we can buy our needed altcoin and hold as per our needs.

In the crypto world for holding our coins is very important for this we need to choose secured exchange for holding those for short period along with we also check trustworthy, reliable, and safe factors before choosing exchange.

Along with we also need a huge variety of coins and pairs along with good volume too. Now we discussed which features we having Poloniex Vs Bittrex and which is a good choice.

The Team

Before selecting any exchange first we check their team, it is very important. If they have good team members here is possible to get good features in exchanges, if not we not get profitable earnings there. So must check team begore choosing exchange for your needs.

Poloniex: Loser

On comparing with Bittrex poloniex not having good team members along with not active in Social Media Platforms, that's why poloniex team not active in social media, due to this user not getting any support from their issues. Like those activities always give a bad opinion for choosing Poloniex Exchange our needs.

In Social Media also we don't see any post to interact with traders, that's why Poloniex Trustworthy ness decreasing day by day.

Bittrex: Winner

Coming to Bittrex their team is always available in Twitter and always we get huge information about upcoming events, the launch of new coins through emails and tweets. They are very active in Social media too. It gives good attraction for traders for using their platform for their needs.

Bittrex having well-experienced team members. They always work hard to providing good features for traders.

Check their team members detailsHere

Features & Interface

For trading, we need a simple and user-friendly trading view for doing perfect trading. And also need some other features for profitable trading. Now we discuss what type of features and deals we get from Bittrex and Poloniex.

Poloniex: Winner

Compare to Bittrex, in Poloniex we get good features that are very useful for trading. In poloniex, we can do Margin lending and borrowing very easily. It supporting 15 coins now . Using this we can lend our holds for additional earnings without doing any trade. For emergency needs, we can also borrow to paying low interest as per our needs. All those we can do here very easily, for beginners also understand very quickly due to its simple interface.

Poloniex also has a two-factor authentication, it gives protection from hacking.

They use a maker-taker fee schedule:

Maker fee: 0-0.15%

Taker fee: 0.10-0.25%

If we use TRX as a trading pair then we get additional 25% discount on trading fee.

Due to their margin lending/borrowing/trading feature, in my opinion Poloniex is better than Bittrex for trading needs.

Bittrex: Loser

On compare to Poloniex, Bittrex trading interface looking so clumsy not possible to understand new users, it has a very difficult interface. So at the beginning stage using this platform for making a profitable trade is not so easy, need a huge time to understand this platform.

They also have two-factor authentication, and use something called an “elastic multi-stage wallet strategy” which allows them to store almost 90% of the exchange’s coins offline. So even if the site gets hacked, the coins are still secure. That's why I say coming to security factor Bittrex is a good choice. But coming to trading it is not a good choice.

Here we having a fixed fee of 0.25%, this is very high compared to Poloniex, for withdrawal, their fee is varied based on coin and network.

In Bittrex we having only spot trading, we don't have any Margin related tradings here. So here for trading, we need to invest huge amount otherwise all our funds go for a fee, so be careful on doing trading here.

Supporting Tokens

In both platforms always we get huge variety of coins with good volume. Even new coin launch in the market they always grab, sometimes poloniex grab first, some times Bittrex grab.

Both platforms always offer good coins with good volume. For this, we need an account in both Exchanges. Creating an account is very easy in Poloniex, but in Bittrex we must submit our KYC documents for creating an account here.

There’s no significant difference here; both Poloniex and Bittrex are two of the best exchanges for getting access to a majority of cryptocurrencies out there today.

Withdrawal Limits and Verification

Before choosing exchange for our needs we must also check about verification is must or not,which documents it ask for verification and withdrawal limits too.

Poloniex : Winner

In poloniex without verification, we can do all type of activities. We can trade, use margin feature up to 10 X leverage, and also withdraw our coins too.

The withdrawal limit for unverified users up to $50,000 per day . It's very huge for beginners. If you verify our account then go get additional features of margin trading up to 100 X along with some more benefits too.

Bittrex : Looser

Without account verification we don't have much more features here. We get limited, in Bittrex verification is a must.

For trading here we must verify our Identity, then only possible to do remaining activities.

Bittrex vs. Poloniex: Who’s the winner?

Both Exchanges are legendary in Crypto Market. But Bittrex joins a little bit later compared to Poloniex, Bittrex having a good reputation in social media.

Just check this google trend, how much popularity its gets within a short period. In this field Poloniex having very less reputation.

Both Platforms having Mobile applications for both Android and IOS, both offering same type of activities in mobile applications too,there no big differences between both.

Through mobile apps, we can do trading only, not possible to withdrawal here. One more similar thing is both not support fiat related activities, only we can do activities through crypto-related only here.

Both having all most all similar features, not having many differences. Coming to security I choose Bittrex, but for trading needs, I go for Poloniex.

Coming to me Both are good exchanges, as per your needs you choose your exchange.

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Thanks for Reading My Post.