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Poloniex Reviews (36)

Reviews

Poloniex Reviews (36)

3.5
36 reviews

Pros & Cons

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Angel B.
AB
Customer Support Supervisor
Small-Business (50 or fewer emp.)
"Crypto exchange with big savings features"
What do you like best about Poloniex?

In my opinion, the best feature is the ability to hold crypto in savings and earn high passive returns. There's no need to trade frequently to see gains, which makes it feel safer if you simply focus on saving. Review collected by and hosted on G2.com.

What do you dislike about Poloniex?

There aren't too many coins supported, which is actually a positive aspect since it helps protect you from being scammed by worthless coins. However, I would still prefer to have a wider selection of options available. Review collected by and hosted on G2.com.

Patrick K.
PK
Author
Small-Business (50 or fewer emp.)
"Scammed by false pretences"
What do you like best about Poloniex?

None. They deceitfully withhold information about hidden costs before you enter a deal with them. After the deal you won't withdraw before you are asked to pay some insurance costs not previously mentioned Review collected by and hosted on G2.com.

What do you dislike about Poloniex?

Deceitful. They are rabid liers just to scam you of your bitcoin. They claim they have no hidden costs yet they reveal them when you ready to withdraw. Review collected by and hosted on G2.com.

Dixit P.
DP
Web Developer
Small-Business (50 or fewer emp.)
"Hacking your money.... No secure server.."
What do you like best about Poloniex?

Nothing... Be aware... You will end up with losing you all money Review collected by and hosted on G2.com.

What do you dislike about Poloniex?

You guys do lots of confirmation for any withdrawal to any external wallet.

So how It was stolen from my account without any email confirmation so it's something stolen due to lack of server security.

I read lots of complaints and news that the poloniex server got hacked around the end of Dec 2020.

Now you guys just keep saying that it's just due to a client side attack, but not taking full responsibility and paying my hard earned money.

Even no reply coming, very worst service and I got feel like poloniex taking user money and doing fraud. Review collected by and hosted on G2.com.

Moiceanu M.
MM
Senior PHP developer
Small-Business (50 or fewer emp.)
"Poloniex it's a scam. Beware!"
What do you like best about Poloniex?

I like the thought that i will never use this exchange again. Review collected by and hosted on G2.com.

What do you dislike about Poloniex?

They are running a huge scam. Most of the coins that are gaining value are having the wallets disabled. You cannot withdraw the coins but you can sell them on the exchange at 25% under the market price. This way you are forced to wait or take a 25% loss from you money. Run away from this scam. The support it's awfull and if you are using the trollbox for any complaint you are warned that you will be banned. Review collected by and hosted on G2.com.

William C. H.
WH
Administrator
Internet
Small-Business (50 or fewer emp.)
"Very good exchange, with lots of coins."
What do you like best about Poloniex?

Poloniex is one of the best exchange that I have used, I remember it was the first one that I used, when I started in the world of cryptocurrencies, this exchange has always counted, with a large amount of coins, which allows to make different investments, and distribute the money in a better way, also the new icon currencies, which are sustainable, are always first hand in poloniex, which allows to make early investments of these currencies, and make much more money, in other exchanges you will find many more coins new, but of dubious origin, poloniex before entering a new currency, makes a meticulous study, especially what covers that currency, to be sure they, and their clients that is not a scam. Review collected by and hosted on G2.com.

What do you dislike about Poloniex?

the support is very limited, there is no live chat where one can communicate, for any inconvenience that may arise, with some transaction, that I think is one of the biggest problems of this exchange, and I think it should be improved soon, when you invest money in this type of business, you know there is some risk, that is why support is vital, also another point that should be improved is the income of money, to the platform with different means, it cannot be that after so many years, to go online, even if you can not enter a balance, for another type of media, that is not a cryptocurrency. Review collected by and hosted on G2.com.

EW
Software Programmer
Internet
Small-Business (50 or fewer emp.)
"Great exchange with tons of coins"
What do you like best about Poloniex?

The best thing about the exchange is its simple interface that shows the most important thing that a user needs to buy or sell cryptocurrencies, the interface is very fluid and is not overloaded, the use of cpu and ram is normal. This is very important because there are other exchanges that saturate the user's screen and although its interface is very beautiful, its consumption of resources is high.

In addition poloniex offers the best currencies that currently exist and continuously eliminate those that are abandoned by the development teams.

Another important aspect that few exchanges have is the possibility of making margin trading this means being able to operate with an amount 10 times higher than the funds in your account, which translates into higher profits and possibly also higher losses if you do not succeed in your decision. Review collected by and hosted on G2.com.

What do you dislike about Poloniex?

-I miss the chat that used to be in the exchange, it was something that gave the exchange personality. The trollbox was an identity sign when this exchange was the one with the highest volume.

-They are eliminating some cryptocurrencies that are still in operation and development, I think it is an error because although its volume is low, there are still people who maintain that token and doing this they incur losses. Review collected by and hosted on G2.com.

MG
Web programmer
Mid-Market (51-1000 emp.)
"Excellent cryptocurrency exchanger in the cloud"
What do you like best about Poloniex?

It seems to me an excellent platform for the safe exchange of cryptocurrencies, besides being very easy to use. Previously they did not have an application for smart phones, but they have already implemented an application and it works perfectly. I like its management of the security and the large amount of cryptocurrencies that can be handled. It has low commissions, although there are actually platforms with lower commissions. I also like the authentication by two factors, this gives greater integrity and security to the entire web platform. And it also has APIs for external uses, although they are a bit complicated to use. It is a great platform Review collected by and hosted on G2.com.

What do you dislike about Poloniex?

I do not like your web application design, the look really looks old, although it really is quite functional and simple. At one time you had problems to accept registrations of new members, but already that problem was solved and it seems to me very good platform Review collected by and hosted on G2.com.

Karen M.
KM
Senior Director of Marketing
Small-Business (50 or fewer emp.)
"Crypto-crypto exchange platform"
What do you like best about Poloniex?

Poloniex has a great reputation, is a crypto-crypto exchange platform, offers more than 100 altcoins to trade 5 base currencies, the fees it charges decrease as the trader increases the volume of his trades, stores the funds of his users offline in a cold wallet and is a registered and regulated company. Review collected by and hosted on G2.com.

What do you dislike about Poloniex?

It does not have good customer service and does not offer the possibility of trading fiat money. Review collected by and hosted on G2.com.

Alberto G.
AG
Cryptocurrency Trader
Small-Business (50 or fewer emp.)
"Stores the funds in a cold wallet offline and gives the option to use 2-factor authentication."
What do you like best about Poloniex?

Poloniex is an exchange that only offers crypto-crypto transactions, is one of the safest I know as it is a registered company, regulated and based in USA, offers more than 100 altcoins to trade in 5 markets (BTC / ETH / XMR / USDDT / USDDC), stores the funds in a cold wallet offline and gives the option to use 2-factor authentication. Review collected by and hosted on G2.com.

What do you dislike about Poloniex?

It does not allow trading in fiduciary currencies so you must go to another exchange if you want to use your credit card or bank account. Review collected by and hosted on G2.com.

Carlos P.
CP
Cryptocurrency Trader
Small-Business (50 or fewer emp.)
"One of the safest and most reliable crypto-crypto exchanges"
What do you like best about Poloniex?

Poloniex is one of the safest and most reliable crypto-crypto exchanges founded in the USA, it requires 2-factor authentication for API use and for withdrawals, it has audit programs that block suspicious activity and most of the funds are stored cold and offline. Review collected by and hosted on G2.com.

What do you dislike about Poloniex?

They do not offer the possibility to deposit U.S. dollars and their customer service never answers. Review collected by and hosted on G2.com.

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