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Introducing Poloniex: Your go-to crypto exchange site

Trading cryptocurrencies has become a common practice nowadays, especially with buying and selling them becoming easier and more accessible through different exchange sites. Among these crypto exchanges today, Poloniex stands out as a rising star because of its line-up of features, hassle-free user experience and convenient mobile application. Discover all about the Poloniex exchange here at Cryptoshimbun:

The beginnings of the Poloniex exchange

The Poloniex exchange was initially established by its founder Tristan D’Agosta in the early months of 2013 but it was only officially launched to the public in January 2014. During this time, it was known as a big digital asset exchange site where you can buy and sell cryptocurrencies like Bitcoin (BTC), Ether (ETH) and TRON (TRX).

Despite the initial performance of Poloniex, it encountered a few challenges such as a hacking incident in 2014 which led to a loss of over 12% in its clients’ BTC holdings. Years later, Poloniex was acquired by Circle which was a popular digital asset and financial services company in the United States in February 2018. Afterwards, Poloniex expanded its reach outside of the US and improved its features.

However, Poloniex separated from Circle in November 2019 and became an independent crypto exchange now referred to as Polo Digital Assets Ltd. backed by an unnamed Asian investment agency. This happened at the time when the US government was enforcing strict policies regarding crypto trading and investing. 

As a result, Poloniex no longer provides its services to US users but is still available to users from other countries including:

  • Australia
  • Austria
  • Belgium
  • Germany
  • Israel
  • Italy
  • Luxembourg
  • Switzerland
  • The United Kingdom.

Back to back amazing features to expect in Poloniex!

Despite its past hurdles, Poloniex remains one of the best hubs for crypto traders all over the world, ranking as the 16th biggest exchange based on 24-hour trading volume according to CoinMarketCap. Its unique features such as its mobile application and campaigns to help you earn while trading makes it stand out among other sites both in the US and across the globe. Take a closer look at each of them below:

It allows a convenient trading experience

With Poloniex, you can easily buy and sell different cryptocurrencies with a single click of a button. At the bottom part of their homepage, you can find a link that will lead you to another page to get started with the transaction. You can use any of the following options to buy digital coins: 

  • Debit card
  • Credit card
  • Simplex bank account.

All you have to do is fill up the necessary information like your chosen asset and the asset amount to continue the process.

They have a mobile application

For a more convenient experience with Poloniex, you can now download their application on your mobile phone. This is available in App Store, Google Play and Android APK. With this, you can easily trade your crypto assets whenever and wherever you want. Get this app now so you can make deposits and withdrawals while on the go.

It lets you earn rewards through trading

To make your transactions more fruitful at Poloniex, you can now join different campaigns and promotions found on their website. These allow you to earn various rewards such as cash backs and giveaways while you are trading at the Poloniex exchange. Don’t miss the chance to go to their website for more details. You can also browse through here at Cryptoshimbun for cryptocurrency updates and news.

It uses a P2P lending service

The peer-to-peer (P2P) lending service in Poloniex allows you to loan your crypto assets to other users while earning interest in return. To get started, you need to first sign up or log in to your account in their exchange so you can offer loans. If you want to learn more about the different loan offers and demands, go to the ‘P2P Lending’ tab found on the homepage of the Poloniex exchange website.

It has a 24/7 support team

Whenever you have questions or concerns while trading, reach out to the 24/7 support team of Poloniex. They will immediately address your queries as soon as possible.

They have a global community

The great thing about Poloniex is that they do not only offer a place for crypto enthusiasts to trade but they also allow you to learn more about the industry. They have an interesting feature called ‘Poloniex Learn’ which is a global community where people from the Poloniex team along with other industry experts impart their knowledge to traders. This is especially helpful for beginners who are still learning the ropes of crypto trading.

Top three cryptos available in Poloniex

In Poloniex, you can buy, sell and trade over 15 different cryptocurrencies. The most popular digital coins are namely:

Bitcoin (BTC)

Since its creation in 2009 by Satoshi Nakamoto, Bitcoin (BTC) has become the largest and most popular cryptocurrency to date. According to crypto site CoinMarketCap, BTC has over $858 billion in its market capitalization as of writing.

Ether (ETH)

Ether (ETH) is the native token for the Ethereum platform which is a decentralized blockchain known for its use of smart contracts. Created by Vitalik Buterin in 2015 as the first altcoin or Bitcoin alternative, ETH falls second to BTC with a current market capitalization of $364 billion.


Despite having a small market price of less than a dollar, the crypto coin TRON (TRX) has a high market capitalization of $5 billion in 2021. Unlike other cryptocurrencies, TRX works on a faster platform that allows 2,000 transactions every second. This was founded by a Chinese tech entrepreneur named Justin Sun in 2017.

Getting started in Poloniex: How to make your own account

Once you’re ready to start trading at Poloniex, all you need to do is make an account by following the steps below:

  1. Go to the website of Poloniex
  2. Click the ‘Sign Up’ button found at the bottom of part of their homepage
  3. You will then be redirected to another page
  4. Fill in all the important information such as:
    1. Email address
    2. Password
    3. Referral code (if applicable)
  5. If you use a referral code, you will be asked to verify it with the person who gave it to you
  6. Afterwards, you can tick the box at the last portion as proof of your agreement with the terms and conditions of the exchange and confirmation of your age which should be 18 years old and above
  7. Press the ‘Sign Up’ button to submit the form
  8. To complete the process, you will receive a confirmation email and you can now start trading at Poloniex.

Kickoff your trading career at Poloniex

Poloniex is a great go-to exchange for both novice and expert traders. Start your crypto trading journey now and reap large benefits along the way like high returns and amazing interests. If you want to know more about cryptocurrency news and updates, you can browse through the website of Cryptoshimbun.

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