Poloniex

3.9
Rating 3.9 · 25 reviews
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Overall, the exchange has three key functions: trading, margin trading, and lending. Unlike many other services where only trading is available, this one implies classic trading—buying and selling currencies. This option, by the way, is the most popular even on Poloniex. The exchange process is essentially similar to other exchanges, but the execution quality is significantly higher. For example, in the order book, you can filter the pairs of interest, and then data about them will be displayed on an interactive chart. After that, you need to work with the chart, analyzing history, volumes, and relationships between pairs, and so on. For margin trading, the exchange offers to use candlesticks, time frames, oscillators, Fibonacci lines, Bollinger Bands, and other tools. The toolkit is indeed powerful. I can also use a stop-limit to avoid losses during a sharp decline in currency. Considering the high volatility of some cryptocurrencies, this is a very useful solution. As for lending, I haven't used it often, as it's not as easy to earn from it as from the exchange rate differences. This option uses a P2P scheme. I set the term and rate, but I don't impose my offer since the selection is made on a competitive basis. Therefore, due to competition among players, it's hard to make a significant profit. To earn from lending, you need to have a substantial deposit. Nevertheless, the mere existence of such an option makes Poloniex more attractive compared to other exchanges.

Pros
  • Высокое качество исполнения
  • Мощный инструментарий для трейдинга
  • Интерактивные графики
  • Полезные стоп-лимиты
  • Наличие кредитования
Cons
  • Сложно заработать на кредитовании
  • Нужен значительный депозит для прибыли
  • Конкуренция снижает доходность
5
Date of experience: июн 09, 2024