- •Poloniex was founded in 2014 and is based in Seychelles, backed by TRON founder Justin Sun.
- •The exchange supports 770+ cryptocurrencies with spot, margin, and futures trading options.
- •Spot fees are 0.2%, and futures fees start at 0.015% maker / 0.05% taker.
- •No KYC needed for trading, but daily withdrawals are limited to $10,000.
- •Users get extra fee discounts by holding TRX or HT tokens.
- •Poloniex faced a $126M hack in 2023 but now maintains Proof of Reserves (101.12%).
- •Earn section offers over 5% APY on 49+ supported crypto assets.
Every exchange has its own story, a narrative designed to attract crypto users. For Poloniex, that story has long revolved around its wide range of altcoins, local currency support for Asian users, and a unique trading discount mechanism for those holding TRON or Huobi Tokens.
With the backing of Justin Sun, founder of TRON, Poloniex has gradually evolved into an all-in-one trading platform. But the real question is, how useful and effective are these features for everyday traders? In this Poloniex review, we’ll take a closer look at its altcoin availability, fees, trading tools, and other core features to help you decide whether Poloniex is the right exchange to move forward with.
| Stats | Poloniex |
|---|---|
| 🚀 Founded | 2014 |
| 🌐 Headquarters | Seychelles |
| 🔎 Founder | Tristan D'Agosta |
| 👤 Active Users | 2M+ |
| 🪙 Spot Cryptos | 770+ |
| 🪙 Futures Contracts | 13+ |
| 🔁 Spot Fees (maker/taker) | 0.20% / 0.20% |
| 🔁 Futures Fees (maker/taker) | 0.015% / 0.050% |
| 📈 Max Leverage | 100X |
| 🕵️ KYC Verification | Not Required |
| 📱 Mobile App | Yes |
| ⭐ Rating | 3.2/5 |
| 💰 Bonus | $100(Claim Now) |
Poloniex Overview
Founded in 2014 by Tristan D’Agosta, Poloniex is a Seychelles-based cryptocurrency exchange now operated by Polo Digital Assets Ltd. and backed by Justin Sun, founder of the TRON blockchain. Over time, it has evolved into a global platform offering spot and futures trading, copy trading, and grid bots, serving more than 2 million users worldwide.
Poloniex stands out for its connection to the TRON ecosystem, featuring a built-in NFT marketplace and SunPump, which gives users early access to new tokens and NFTs on the TRON network. Unlike most exchanges that rely on a native token for discounts, Poloniex offers trading fee reductions to holders of TRX (TRON) and HT (Huobi Tokens), a distinctive approach within its category.
The exchange lists over 770 cryptocurrencies, supporting up to 100x leverage on futures and 3x margin on spot markets. Fees are competitive, standing at 0.20% maker / 0.20% taker for spot and 0.015% maker / 0.05% taker for futures, keeping it on par with major global exchanges. Deposits can be made through crypto or cards, though fiat withdrawals remain limited.
Many traders find the platform responsive and stable, and its iOS app rating of 4.4/5 reflects a generally positive experience. Overall, Poloniex offers a diverse trading environment with a clear focus on accessibility and TRON-based innovation.
Poloniex Pros and Cons
| 👍 Poloniex Pros | 👎 Poloniex Cons |
|---|---|
| ✅ Supports over 770 cryptocurrencies | ❌ Limited fiat deposit and withdrawal options |
| ✅ TRON ecosystem integrations (AINFT, SunSwap, SunPump) | ❌ Past $126M security breach in 2023 |
| ✅ Fee discounts with TRX and HT holdings | ❌ Customer support response can be slow |
| ✅ Offers bot and copy trading tools | ❌ No demo account for practice trading |
| ✅ Proof of Reserves with 101.12% ratio |
Poloniex KYC and Sign-up
Getting started on Poloniex is quick and simple. You can create an account using either your email address or mobile number, and since KYC isn’t mandatory, you can begin trading right away after registration. Here’s how to set up your Poloniex account:
Step 1: Open your web browser and go to the official Poloniex website. Click the “Get Started” button to begin.
Step 2: On the registration form, enter your email address (or phone number) and create a strong password for your account.
Step 3: Once you’ve entered your details, click on the “Create Account” button.
Step 4: You’ll receive a verification code in your email. Enter it to confirm your account, and your Poloniex Level 1 account will be ready for use.
At this level, you can deposit unlimited amounts of crypto and start trading immediately. However, withdrawals are limited to $10,000 per day. If you wish to raise this limit, you can complete the KYC verification, which increases your daily withdrawal limit up to $500,000.
Before signing up, make sure Poloniex operates in your country. You can confirm this easily using our free Poloniex Country Checker tool to avoid any regional restrictions.
🌍 Free Poloniex Country Checker
We strive to keep this information up-to-date, but regulations may change. While we regularly update this data, we make no guarantees, and it is your responsibility to verify whether your country is supported before using the platform.
Due to regulations, Poloniex does not support every country. To ensure that you are eligible to register on the exchange, you can use our free Poloniex country checker.
Simply type in your country and see if you can use the platform or if your country is restricted.
Poloniex Trading
Poloniex offers a simple and clean trading interface, similar to what you’d find on top-tier exchanges. Everything is easy to navigate, making it suitable for both beginners and experienced traders. The trading dashboard includes charts, an order book, and live market data, giving you everything you need in one place.
The charts are powered by TradingView, which means you can access professional-level charting tools and indicators to plan your trades more effectively. However, the interface itself cannot be customized, unlike some exchanges that let you rearrange panels or change layouts for a more personalized setup.
When it comes to orders, Poloniex supports the basic types like Limit and Market orders, as well as advanced ones such as Stop-Limit, Stop-Market, and Trailing Stop. The exchange also offers deep liquidity with tight spreads, ensuring smoother order execution and minimal price slippage.
Spot Trading
Poloniex’s spot trading section supports over 770+ cryptocurrencies, with most pairs traded against USDT, along with a few USDD and USDC pairs. The trading fee is 0.2% for both makers and takers, a competitive rate, though some exchanges do offer slightly lower fees. The interface is clean and integrates all necessary tools for smooth trading. From the same spot section, users can also access margin trading on more than 11+ assets, offering up to 3x leverage for advanced traders.
Derivatives Trading
Poloniex offers futures trading on around 13+ cryptocurrencies, accessible once the KYC process is completed. Traders can use leverage of up to 100x, and fees are 0.015% for makers and 0.05% for takers, which remains lower than many global exchanges. All contracts are USDT-based, and while the asset selection is limited, execution and pricing remain consistent.
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Poloniex Deposit and Withdrawal Methods
Poloniex offers several convenient ways to fund and withdraw from your account. You can buy crypto directly using bank cards through third-party providers such as Mercuryo and Simplex, making it easy to start even without prior holdings. In addition, the exchange features a P2P trading platform, where users can buy or sell crypto using local payment options, depending on regional availability.
For experienced users, Poloniex also supports direct crypto deposits and withdrawals across multiple networks, including Ethereum, Solana, and Binance Smart Chain, among others. This flexibility makes it easier to move funds in and out of the platform without relying on fiat gateways.
Poloniex Fees
Fees play a major role for any exchange, and each platform sets them according to its target audience. Let’s explore Poloniex’s fee structure.
Trading Fees
Poloniex follows a tier-based fee system that changes according to your trading volume and token holdings. The spot trading fee is 0.2% for both makers and takers, while futures trading starts at 0.015% maker and 0.05% taker, which is considered competitive among global exchanges.
There are two ways to get lower fees. The first is through trading activity. As your monthly trading volume increases, your account level rises. For example, at VIP 9, which requires a 30-day spot trading volume above $50 million, your fees drop to –0.005% maker and 0.1% taker.
The second way is through holding TRX and HT tokens. If your combined balance of these tokens is $9 million or more, your spot trading fees can go down to 0.005% maker and 0.07% taker. For futures, the VIP 9 level brings your fees to –0.015% maker and 0.021% taker, giving active traders more value for high-volume activity.
Spot Fees
0.20% Maker
0.20% Taker
Future Fees
0.015% Maker
0.05% Taker
Deposits and Withdrawals Fees
Poloniex does not charge any fees for using its fiat on-ramp, but third-party payment providers such as Mercuryo and Simplex apply their own charges, which vary depending on the region and payment method.
The P2P trading platform is also fee-free, though prices listed by sellers often include a small premium to cover transaction costs.
For crypto deposits and withdrawals, Poloniex itself does not apply any platform fee. However, standard network fees will still apply depending on the blockchain you use, such as Ethereum, Solana, or Binance Smart Chain.
Poloniex Products and Services
Now, let’s have a look at the different features and services Poloniex offers beyond trading, giving users more ways to engage with the platform.
Poloniex Trading
On Poloniex, you get a clean and simple trading setup for both spot and futures markets. The charts load quickly, and you can track price movements using TradingView tools without delay. Orders are executed efficiently, and the liquidity is deep, which helps keep spreads tight.
You can use bot trading, futures copy trading, and NFT trading directly from your account. These options give you more flexibility in how you trade and manage your portfolio. However, Poloniex does not offer a demo account, so every trade you make will be with real funds.
Mobile App
You can use Poloniex’s mobile app on both Android and iOS. The app gives you access to all major features like spot and futures trading, copy trading, bot trading, and Earn. The layout is clean and easy to understand, allowing you to manage your trades and monitor the market without any difficulty. It offers a complete trading experience right from your mobile device.
Earn
With Poloniex Earn, you can deposit your spot holdings and earn over 5% APY on more than 49+ assets. Both flexible and fixed options are available. It also has the SmartEarn feature that lets you earn rewards on USDT held in your Futures account. Your assets are snapshotted daily, rewards are distributed automatically, and there are no lock-up periods.
Bot Trading
On Poloniex, you can use an AI strategy bot, which follows a pre-tested trading model for USDT and BTC pairs. Standard spot trading fees apply when the bot executes trades. If you prefer more control, you can also create and manage your own manual strategy, adjusting it based on market movements.
P2P Trading
The P2P trading section on Poloniex works efficiently, offering good liquidity and a wide range of vendors. Although USDT prices may include a slight premium, the market remains active and fast. The platform supports 25+ fiat currencies, and you can trade USDT and BTC directly using local payment methods.
AINFT x Poloniex
AINFT is an NFT trading platform built on the TRON blockchain, which you can access directly through the Poloniex exchange. It allows you to buy and sell NFTs by connecting your TronLink Web3 wallet. This feature is currently available on desktop only, giving you access to a wide range of TRON-based NFT projects.
LaunchBase
LaunchBase is Poloniex’s token launch platform where new projects are listed after internal vetting. You can participate in these launches by staking USDT, giving you a chance to support early-stage blockchain projects before they list on the open market.
SunSwap x Poloniex
SunSwap lets you trade TRON-based DeFi assets directly and can also be accessed through the Poloniex exchange. It provides full access to TRON ecosystem projects, including SunPump, where you can swap tokens using TRX and explore DeFi opportunities within the TRON blockchain.
Poloniex Security
Poloniex uses several security measures to protect user funds and data. The exchange applies advanced protection against denial-of-service attacks, uses cryptographic signature-based DNS cache protection, and has strong web attack defenses in place. Most user assets are stored in cold wallets, reducing exposure to online threats.
To further enhance safety, Poloniex uses role-based account access to limit internal exposure to user information and a registry lock to prevent unauthorized website changes. You can also enable two-factor authentication (2FA) and review your session logs, which show IP addresses, devices, and locations. If any suspicious activity is detected, you can freeze your account instantly.
However, Poloniex did experience a major security breach in November 2023, where around $126 million was stolen from its hot wallets after private keys were compromised. Since then, the exchange has strengthened its internal security protocols and transparency practices.
According to CER.live, Poloniex holds a BBB security rating with a score of 77/100. The exchange also maintains Proof of Reserves, showing a total reserve ratio of 101.12%, meaning all customer assets are fully backed and verifiable on-chain.
Poloniex Customer Support
Poloniex provides several customer support options to help users with their trading and account-related issues. You can reach out to the support team through live chat, which is available both on the website and inside the mobile app for quick assistance.
For detailed queries or complaints, Poloniex also offers email support through a contact form on its official site. Once submitted, a support ticket is created, and the team responds directly to your registered email.
The exchange also runs an online support platform that includes step-by-step tutorials and help articles covering topics like verification, deposits, withdrawals, and trading. Additionally, the Poloniex Blog shares updates, feature guides, and educational content, helping users understand the platform better.
Poloniex Alternatives
Poloniex is a decent option with a wide selection of altcoins, but if you’re looking for alternatives, consider these:
- KuCoin: KuCoin is a popular choice for altcoin traders, with a wide selection of coins and a user-friendly interface.
- BingX: BingX is another good option with a wide range of altcoins and features, including high leverage and a social trading platform.
| Feature | Poloniex | KuCoin | BingX |
|---|---|---|---|
| Established | 2017 | 2017 | 2018 |
| Spot Fees (Maker/Taker) | 0.20% / 0.20% | 0.10% / 0.10% | 0.10% / 0.10% |
| Futures Fees (Maker/Taker) | 0.015% / 0.05% | 0.020% / 0.060% | 0.020% / 0.050% |
| Max Leverage | 100x | 125x | 200x |
| KYC Required | No | Yes | No |
| Supported Cryptos (Spot) | 770+ | 987+ | 964+ |
| Futures Contracts | 13+ | 410+ | 464+ |
| No KYC Withdrawal Limit | $10,000 | Not Allowed | $50,000 |
| 24h Futures Volume | $8.57M+ | $23.98B+ | $8.93B+ |
| Trading Bonus | $100 | $10,500 | $5,000 |
| Key Features | • No KYC required • TRON integration • Long history |
• Most cryptocurrencies • Trading bots available • Great for altcoins |
• No KYC required • Highest leverage (200x) • Copy trading |
| Sign Up | Sign Up | Sign Up | Sign Up |
Bottom Line
Poloniex offers a decent mix of trading options, from spot and futures to basic earning and bot tools. Its connection with the TRON ecosystem adds a unique layer, but the platform mainly appeals to users already active in that space. While fees are competitive and liquidity is fair, limited fiat access and a smaller futures selection can be drawbacks for some traders.
The 2023 security breach is a reminder to stay cautious, even with improved safeguards and proof of reserves now in place. If your focus is on stronger P2P features, you may want to explore our list of the Best P2P Crypto Exchanges for 2025.
FAQs
1. Is Poloniex a safe exchange for new traders?
Yes, Poloniex is generally safe if you follow basic security practices like using 2FA and avoiding unverified links. Its interface is simple, which makes it easier for beginners to learn.
2. What are the fees on Poloniex?
Spot trading fees are 0.2% for both maker and taker, while futures trading fees start at 0.015% maker and 0.05% taker. Discounts apply for higher trading volumes or TRX/HT holdings.
3. Does Poloniex have a mobile app?
Yes, Poloniex has a mobile app for both Android and iOS, giving you access to all trading features including spot, futures, copy trading, bots, and Earn.
4. How secure is Poloniex?
Poloniex applies advanced security protections like 2FA, cold storage, DNS protection, and session tracking. It did face a major hack in November 2023 but has since reinforced its systems and provides public Proof of Reserves.
5. Is Poloniex available in Asia?
Yes, Poloniex is available in most Asian countries, including India, Pakistan, the Philippines, and Indonesia. However, it is restricted in some regions such as mainland China and a few OFAC-sanctioned countries.
6. Do I need KYC to trade on Poloniex?
No, KYC is not mandatory for trading on Poloniex. You can deposit and trade without verification, but withdrawals are limited to $10,000 per day. Completing KYC increases your daily withdrawal limit up to $500,000.
7. Does Poloniex support local Asian currencies?
Poloniex itself doesn’t offer direct fiat deposits in Asian currencies, but you can use its P2P platform to buy or sell crypto with local payment methods.
8. What makes Poloniex different from other exchanges?
Poloniex stands out for its strong connection to the TRON ecosystem, offering NFT trading, SunSwap integration, and discounts for users holding TRX or HT tokens.
