I came across the spotlight on Poloniex contest on @steemitblog’s post, and I found it interesting so I should join this contest. Thanks to everyone who has made this contest a success, Poloniex, Steemit Inc, and every other player. Currently, i just signed up to own Poloniex account as at the time of writing but once I am done with this post, I will surely start trading with Poloniex, and I will be telling my reasons for creating a Poloniex account and why I will start trading with Poloniex.
Why I will start trading and swapping with Poloniex
After reading through a lot of post on the #poloniexspotlight tag, and seeing the enthusiasm that a lot of steemians put into writing about poloniex, I decided to check through the exchange, if there will be anything that will catch my attention, and Poloniex didn’t disappoint me. So here are the features that would encourage me to use Poloniex
Access to Numerous Assets
When I downloaded the Poloniex app, the first thing I saw was the access to several crypto assets from Aave, Akropolis Delphi, Akropolis, Amp, Alphalink, Ardor, Travala.com Token, Balancer, Band Protocol Token, Bitcoin Cash, BitCherry, Bitcoin SV, Bytecoin, Bidao, Blocery, Binance Coin, Bancor, BItcoin, Ethereum, BitTorrent, Bitshares, Chromia, Corn, Cream, Carrot Finance, Curve Finance, Civic, Powerpool Concentrated Vot Power, CyberVein Token, Dia Stable Coin, and so many more.
What drew my attention more was that I haven’t heard about so many coins on the exchange before which made research on the coins/tokens. I liked the fact that I was opened to varieties of crypto assets and was left with the choice of picking whichever one I wanted to trade. Particularly, I have been reading and understanding about Just (JST) token which is Tron Based Defi Token, and seeing JST token on Poloniex made me relaxed that I could trade and hodl JST tokens.
Liquidity
Liquidity is one factor that makes an exchange trader’s choice and Poloniex have a very large liquidity spanning at about $30M BTC/USDT pair, $8M ETH/USDT, $4M USDJ/USDT and so on, on the spot trading, and a total volume of about $85M in liquidity. With liquidity, traders can trust trading and entrusting their tokens without fear of losing it an exchange and Poloniex gave me the trust.
Reputation
Before trading on any exchange, I check the reputation of the exchange I am about to put my tokens/coins, so I am not giving my coins to swindlers and fraudsters. In doing this, I consulted coinmarketcap.com and I searched for Poloniex. I was impressed to see it listed on coinmarketcap.com as well as when I checked for steem, I saw Poloniex as one of the exchanges trading Steem and its reputation was high.
Final Note
If I were to give Poloniex a score from 1 to 5, it will get 4, because it beats all of criteria needed for me to trust an exchange. The reason why it doesn’t have a 5/5 is because there are a lot of things that needs to be improved on the exchange but I won’t be discussing it on this post, I will surely be sharing these things with you in my next post.
Thanks for your time, see you next time.
Thank you for taking part in the Spotlight on Poloniex Contest.
Keep following @steemitblog for the latest updates.
The Steemit Team
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