Poloniex – A US-based CEX with DeFi tokens and Staking Rewards

Poloniex – A US-based CEX with DeFi tokens and Staking Rewards

Poloniex Review


Poloniex is a centralized USA-based cryptocurrency exchange that is popular for staking, margin trading and spot trading. Poloniex offers a referral program, several campaigns, exclusive airdrops and a variety of cryptocurrencies, including some popular DeFi tokens.


Poloniex 7 key point overview:

  1. ✔️What is Poloniex
  2. ✔️Features of Poloniex
  3. ✔️Tokenomics
  4. Wallets
  5. How to buy crypto on Poloniex
  6. How to open an account
  7. Why should you use Poloniex?


What is Poloniex

poloniex overview


👉 This exchange was founded in 2014 by Tristan D'Agosta with its headquarters located in Seychelles.


👉 You can find more information about their latest token listings on the FAQ page and under the “About Poloniex” section on the homepage.


👉 If you are new to the world of crypto, Poloniex’s beginner-friendly mobile app will have you trading in no time.


👉 For more experienced investors, Poloniex offers a VIP account for professionals and institutional clients.


👉 Research suggests that Poloniex is one of the more secure and regulated crypto exchanges in the market because it was one of the first crypto companies that took the initiative to apply for regulatory approval from FinCEN and it also adheres to EU and UK data protection laws and is compliant with ICO (Information Commissioner's Office) regulations.


👉 Despite relocating to Seychelles, Poloniex still offers services to US citizens and must comply with American regulations regarding the exchange of cryptocurrencies and digital assets.


👉 Overall, Poloniex is a trustworthy crypto exchange with a user-friendly mobile platform and plenty of crypto assets to choose from.


Features of Poloniex

poloniex features


👉 Poloniex offers more than 200 spot trading crypto pairs and 25 margin pairs, but new tokens are constantly being added to the exchange and there are several DeFi tokens and plenty of popular tokens from leading crypto exchanges.


👉 With Poloniex, you can leverage your Futures trading by up to 100x.


👉 You also have the option of lending and staking more than 10 leading cryptocurrencies to earn passive interest.


👉 By staking on Poloniex, there is no lock-up period for your funds and you have the freedom to trade, deposit, and withdraw your staked assets at any time.


👉 Poloniex offers 24/7 customer support via live chat and the help centre provides answers to some of the most commonly asked questions, as well as providing guides on trading, account creation and more.


👉 Poloniex holds 90% of client funds in offline secure cold storage wallets and the website is secured by SSL encryption protocols.


👉 This website is also protected against DoS attacks, registry locks, unauthorised modifications and anti-bot infiltration mechanisms are used.


👉 To further secure user accounts, 2FA is enabled.


Some of Poloniex’s core features include:

➡️️​ The Poloniex LaunchBase for upcoming IEOs (Initial Exchange Offerings)

➡️️​ Premium services and exclusive account features for Institutional investors

➡️️​ The Poloniex DEX decentralised exchange that is built on the Tron blockchain

➡️️​ The Poloniex trading platform offers TradingView-powered charts and key technical indicators with multiple order types

➡️️​ Tier-based accounts that offer higher transaction limits and lower trading fees depending on your tier

➡️️​ In addition to lending and staking crypto, you can also use funds in your margin account as collateral for borrowed funds



poloniex tokenomics


👉 It seems like there is currently no native token on Poloniex, but your trading fees can be reduced by increasing the tier of your account and Poloniex offers competitive interest rates for staking and lending crypto on its platform.





👉 Since there is no native token on Poloniex, you are free to use third-party wallets that support the coins you are buying on the exchange.


👉 Some of the most-trusted universal wallets we recommend using are Trustwallet, Atomic wallet and Metamask.


👉 Poloniex does, however, offer a built-in wallet system with multi-currency support and staking functionality.


👉 You can easily transfer and withdraw assets from this wallet to other wallets.


How to buy crypto on Poloniex

poloniex buy crypto


👉 To buy cryptocurrencies from Poloniex, simply create, verify and fund your user account.


👉 Once that’s done, you can proceed to the Poloniex exchange or you can buy cryptocurrencies with a variety of fiat currencies using your Visa card, Mastercard or ApplePay.


How to open an account

You can easily create an account with Poloniex in 3 easy steps.


Step 1: Visit the Poloniex website

Visit the official Poloniex to start the process of opening an account

open a poloniex account step 1



Step 2: Click on the “Sign Up” button.

To open an account with Poloniex, open the home page and click on the “Sign Up” button.


open a poloniex account step 2


Step 3: Fill in the form.

You can sign up with your email address and you will be required to fill in your personal details. Once you have created your account, you must verify your email address or mobile number.

open a poloniex account step 3


Why should you use Poloniex?

👉 We recommend using Poloniex if you are seeking a diverse market for spot, margin and futures trading and if you are looking for a centralized exchange that offers a DEX as well as several popular DeFi tokens.


👉 This is one of the most secure crypto exchanges in the market and if you are a US crypto investor, then this exchange is a great option!


👉 We really appreciate that Poloniex offers 24/7 customer support all year round and admire the effort that has been made to make this a secure, credible crypto exchange.