You can get a 30% discount on trading fees if you pay them in TRON (TRX), as the team behind that cryptocurrency is partnered with Poloniex. It’s also possible to get lower trading fees if you have at least $49 worth of TRON in your account or more than $50,000 in trading volume per 30-day period. Additionally, Poloniex has partnered with payment-processor Simplex, so customers from 60+ countries can use their debit or credit cards to buy bitcoin on Poloniex. Simplex charges a 3.5% fee (or $10, whichever is greater), and customers can purchase as little as $50 worth of bitcoin. Ultimately, there’s no perfect cryptocurrency exchange for everyone.
Sent dollars will be deposited in the form of so-called stablecoin — cryptocurrency pegged to the US dollar USD Coin (or USDC). This opportunity was introduced by Poloniex after the platform was acquired by Circle. To withdraw crypto to fiat with Zengo, tap the ‘’Actions’’ tab in the main menu of the app, followed by the ‘’Sell’’ button. Once you’ve done this, select the desired cryptocurrency you want to sell and specify the amount.
That’s why it’s crucial to spend time getting to understand the features that are most important to you. Also, consider shopping around for the lowest fees and best account security features. While Poloniex receives low marks from reviewers, it’s worth noting that poor customer support is a problem industry-wide.
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This market is highly speculative, so caution is advised when buying and selling NFTs. It’s hard to predict whether NFTs will be viable as a long-term investment. But if you want to check out digital collectibles, art, or see what other types of NFTs are out there, Poloniex gives you a convenient way to do it.
Active Trading Platform
While the platform survived the incidents, you may want to use caution when holding significant balances with this exchange. Poloniex offers a long list of 400+ cryptocurrencies and tokens. Noteworthy currencies include Bitcoin, Ethereum, Solana, Stellar, Dogecoin, Shiba Inu, and more. You can find more information about crypto withdrawals from Poloniex in the frequently asked questions section below. You can check whether your crypto has arrived in your Zengo app by opening the app, logging in with your facial ID, and checking the main balance page. If you are unsure whether the crypto has been added to your balance, tap the ‘’History’’ button to be presented with a more detailed overview of your recent transactions.
Poloniex Verification Process
- For the most part, Poloniex is a self-service platform where you take care of your own account maintenance.
- This happened again in 2020, accounting for around 6% of the exchange.
- After choosing the best way to buy/sell the needed currency one should tap the Buy button.
- Users can buy, sell, trade, and stake cryptocurrencies such as BTC, ETH, USDT, TRX, DOGE, SHIB, and more.
Low trading fees and a list of 400+ cryptocurrencies make this platform an attractive option. It also offers margin trading products, cryptocurrency lending, and multiple trading platforms to buy and sell a long list of supported currencies. On the downside, withdraw usd from poloniex the Bitlicense regulations prevent New York residents from using the exchange, and users cannot deposit or withdraw fiat currencies.
After choosing the best way to buy/sell the needed currency one should tap the Buy button. That’s when the system will start to look for a match for the user’s order. In case if the ask price is lower than any other order in the exchange, then the user’s order will be placed in the order book as an open one.
