Poloniex: registration, verification and trading on the Poloniex exchange

Investors of various stripes rushed to the cryptocurrency exchanges and everyone wants to try himself as a trader. The Poloniex exchange is one of the most popular trading platforms for both experienced traders and beginners in this business, and it gladly opens its arms to everyone. Why the site is in great demand, what it offers us and whether it is so good - the answers to all questions are only in this article.

Exchange of Crypto-currency Polonix - official site

Poloniex.com was born not so long ago - in 2014 - but users immediately liked the service. It is known that it was founded by American crypto enthusiasts, but this does not mean that access to the exchange is closed to our compatriots - it is actively used in our country as well, despite the fact that Poloniex does not exist in Russian yet. To be more precise, there is no Russian translation and, most likely, there will not be. People are already actively using the exchange, while development in the direction of the CIS is not such a strategic task for its administration.

For a long time, Poloniks occupied the first places in terms of daily turnover, but recently it was located in the region of the seventh place in the TOP of popular exchanges. Indeed, the turnover of funds on the exchange fell three times and today is about 207$ million per day. Such a decline in the activity of traders is attributed to the unpopular policy of the Exchange administration. First, she refused to cooperate with residents of countries to which the United States imposed sanctions; Secondly, now every user who registers on the site refuses to file collective claims on the exchange. Does not add a marketplace to popularity and the fact that it is constantly predicted scam - Many users claim that the administration itself takes part in the bidding, and in its budget a big hole is gaping.

But, despite the different moods among users, it can not be denied that the exchange is one of the most successful places for trading. Contrary to the shortcomings, Poloniex.com has a significant number of advantages, which at one time led it to the top.

Advantages of the exchange crypto-currency

One of the main advantages of the Polonix exchange is its safety. The site is reliably protected from Ddos attacks and hacker attacks, so there are no major scandals with a loss of funds in the history of Poloniex. The administration is very sensitive about the safety of its clients' funds and sometimes the customers themselves suffer from this. In particular, she reserved the right to forcibly demand verification and actively uses this right. Many people do not like this arrangement, but for safety something still needs to be sacrificed.

Comfortable trade is facilitated by:

• A large list of trading pairs - Today there are about a hundred of them, although earlier the number reached 140. Some crypto-currencies have become victims of delisting, but the current number of coins will fully satisfy the needs of users.
• The commission is charged on the "maker-taker" principle and can range from 0 to 0,25%. The essence of the principle is that traders who reduce spread, will pay less than those who increase it. Obviously, this will have an impact on the market situation and it is with this goal that such a principle has been introduced. In addition, the more amounts you operate, the less you will have to pay for using the exchange.
• Two-factor authentication - you can be completely sure that your account is protected from unauthorized entry.
• Many ways to input / output funds. In this list banks, EPS, crypto-currencies.
• Multiple trading modes. There are two sections - standard exchange and margin trading.
• The user can borrow and issue loans - You can use this opportunity for additional, completely safe earning.
• Convenient tools for trade and situation analysis - Even despite the lack of a Russian-language version, it's easy to work on the stock exchange's website, and not all competitors can boast of such an arsenal.

Crypto-currency for Polonix

To be precise, at the time of writing, the Poloniex exchange offers trading in the 101 direction. In addition to rating coins, you can find little-known, but promising crypto-currencies, and if you compare the site with other exchanges, for example, Yobit, you can safely say that there is nothing superfluous in Polonix. That is why the exchange is advised both for beginners and experienced traders who will certainly find what to trade here, and they will not be forced to operate with any "dead" coins.

The most active auction on Wormwood is between bitcoin and cryptodollar (USDT) - turnover in this direction is about 45$ million per day. In addition, traders of the exchange actively conduct exchanges with air and lightcoin, and after fork of bitcoin this list was added to bitcoin cache.

Poloniex: registration and verification

A large exchange of crypto-currencies is popular both among users and among scammers. Therefore, when registering, pay attention to what domain you are going through. The exchange uses only the address https://poloniex.com/, the remaining domains that you can easily find on the network are phishing sites created to seize your money. To create an account on the Polonix Crypto Currency Exchange, follow the instructions:

1. Go to the main page of the site and click the button "Create an account".
2. After that, you need to fill in the registration data, you will need to indicate your name, country (if you are going to verify, just specify the passport data), phone number, mail and password (you will need to specify it twice to exclude the input error).
3. Finally, go through the anti-bot check by putting the checkbox, accept the rules for providing the service and click on the "Create Account" button.
4. At the specified email address you will receive a letter with a link to confirm that the box is really yours. It remains to go to this link, and you can safely proceed to trade.

The question of verification on Polonix is ​​controversial. On the one hand, the administration's interest in our documents is understandable, but not every user wants to disclose personal information. And it seems that the service does not infringe on our right to maintain confidentiality, but in the rules for using the exchange (and you must read them carefully before creating an account) it is said that in any disputable situation (and even without it), the Polonix admins may require us to pass verification. That is, an illusory impression is created that users are free people in a free country, but de facto verification can very easily become universal.

It is better to be armed in advance and that is why it is important to know how to pass this identification. To be frank, most users do not need to undergo verification: specifying personal data during registration, you have already passed the first level and can display up to 2000$ per day. If you think that if you get to the stock exchange, you will immediately begin to roll millions, then this is not quite true and the limit of 2 thousand bucks will be enough for you. But again - we can ask for verification.

Verification on Poloniex.com can be called tougher, because to get rid simply because you download a scan of the passport, it does not work:

1. Log in to the system and go to the "My Profile».
2. You need to fill in all the fields of the verification form, specifying the full address, date of birth and data of the document that you are going to load for verification.
3. The next step is to load document scans and photos with the same document in hand. The site has a clear description of how to keep the document and present your face in order to pass the identification successfully. Therefore, if you do not want to repeat the Selfie, it is better to follow this instruction clearly.
4. Final stage - accept the rules of the system (check again) and press the "Save Profile».

Once the data and documents are verified by the security service, you will receive a message of verification or refusal. As a rule, this requires no more than 3-x days, so you do not have to wait long.

How to work for Poloniex?

So, you have opened an account, verified it or not - it does not matter, you can immediately replenish your account and start Trade. There are three main sections on the exchange:

• Exchange (Exchage) - Actually, this is the section in which the trade is conducted.
• Margin Trading (Margin trading) - Trade in borrowed money, beginners are better off not sticking their noses in this section.
• Crediting (lending) - can be used as an additional earning opportunity. Simply give out loans to other participants and get your profit percentage.

To be frank, there is no fundamental difference between Polonix and other exchanges. If you have traded anywhere, you definitely will not get confused, and if you are a beginner, then get comfortable very quickly. For trading, go to the "Exchage" section. Here you can choose the interesting crypto currency, using the search by abbreviations, and then analyze the graph, history, a glass of bidding and decide on buying or selling. Please note that we offer three types of orders: in addition to the standard "Buy"and «sell", There is «Stop-limit", Which is very helpful for traders not to go into a deep drawdown.

How to replenish Polonix-wallet?

Having mastered the exchange in theory, it is necessary to pass a practical course, and for this you can not do without replenishing the account. Go to the "Balances", And there already select function "Deposits & Withdrawals". In the meantime, the entire list of available crypto-currencies will open and you only have to choose the one you need. On the contrary to it (on the right) it is necessary to press the button "Deposit", after which the system will generate an address for you to transfer to.

You can transfer money from anywhere - from your wallet, through the exchanger, from another exchange. But it is very important to translate exactly the currency that you have chosen, otherwise your money will simply burn. That is, you can not specify bitcoin, and translate the broadcasts to the received bitcoin address.

Withdrawal of funds from the exchange

The long-awaited profit, for which everything was started, can be deduced in the same tab with which the account was replenished. The only difference is that you do not need to press the "Deposit" button, but "Withdraw ». Next is to register the amount and address of the wallet, while taking into account the commission of the system, and, after waiting for the necessary confirmation, you can proudly get the earned coins for your wallet.

Poloniex: reviews about the Exchange Crypto-Currency

The Polonix Exchange, which for a long time was the market leader, today has become quite an ambiguous service. The unpopular policy towards clients and constant talk about the imminent scum somewhat lowered its ratings and shifted from the TOP positions, but Poloniex should not be written off the accounts. Service continues to work and in many ways it is more interesting and profitable for users, and negative conversations may well be the intrigues of competitors.

The main thing is that you can earn money on the stock exchange, and many traders have already made fortunes thanks to it. As for the risks, they are on any trading floor, but the golden rule of diversification has not been canceled. Therefore, if you want to plunge headlong into the crypto-currency trade or even just try your hand, make sure you have accounts on several exchanges at once and do not keep large amounts of them that you do not operate on. Successful you crypto-trade!