poloniex cryptocurrency review

While the bureau lists the location ofpoloniex cryptocurrency review exchange’s offices in Wilmington, Delaware, research shows the address belongs to an agent. Little information is available online—including on the company’s website—about ownership. On LinkedIn and company profiling website Owler, someone named Tristan D’Agosta identifies himself as the founder and CEO of Poloniex. According to information he shares on these pages, D’Agosta is a music composer and a former freelance writer with a Bachelor of Arts in music from Rutgers University.

Advantages of Poloniex
World’s largest Ethereum exchange (by average volume in 2017)
Go-to place for serious crypto traders seeking new & trendy coins for speculation.
Provides extremely detailed charts, as well as efficient data-analysis tools
Most trading interface code is executed client-side & therefore open source for enthusiasts to examine
Offers a high-volume margin trading & lending service for major crypto assets, on top of an exchange platform
Its services are accessible from anywhere on the globe
Supports over 70 popular digital assets, among the highest number in the industry
Charges low crypto deposit and withdrawal fees compared to other exchanges
Fully refunded affected users after a minor security breach
Community representatives are active answering questions and hearing feedback on social media
Disadvantages of Poloniex
Since May 2017 we are seeing some unconfirmed reports of users not being able to withdraw funds from Poloniex
Private key management is centralized, exposing funds to custodial risks. See Bisq for a decentralized alternative.
The inability to deposit fiat currency excludes all users wanting to use Poloniex to «on-ramp» into crypto.
The customer support ticketing system is poor and sometimes non-existent
The identities of managers and investors are unknown. No community interviews given so far.
No known physical offices. Perhaps a security precaution — but still a big negative for trust.
Increasingly requiring users to create accounts and verify their identity for high-volume activity.