Cryptocurrency exchanges are what allows individuals interested in cryptocurrency trading and investment get into the cryptocurrency world without having to go through the complexities of cryptocurrency mining. Poloniex is one such cryptocurrency exchange that you should know about.
Poloniex is a cryptocurrency exchange which is based in the US and it offers the trade of multiple cryptocurrencies using its platform. The cryptocurrency saw itself in a bit of trouble in 2014 when it was hacked like most other cryptocurrency exchanges but the event saw a drastic redesign for the cryptocurrency early on in 2015.
Since the updates, Poloniex has become one of the most secure cryptocurrency exchanges.
Additionally, the Poloniex cryptocurrency exchange is a platform which has a more immersive user experience and is better suited to accommodate advanced traders.
The cryptocurrency exchange platform also provides more information for the users through technical analysis charts, which allows for the traders operating on the cryptocurrency exchange platform to be ahead of their competition. They are able to make better trade decisions because of the comprehensive information available to them using the poloniexcryptocurrency exchange .
The better security lets Poloniex accommodate more complex trades. The traders are able to make use of their fiat currencies so they will not be hapless due to the volatile nature of Bitcoin.
Why Use Poloniex?
The cryptocurrency exchange facilitates enormous daily trading volumes which require the exchange to step up its security measures. Most of the cryptocurrency assets in their holding are kept in cold storage, which is undoubtedly the ultimate security measure to you’re your cryptocurrency assets safe. Only the amount which is necessary to conduct the trade activity is kept on the exchange itself in order to minimize the risks of losing their customers’ cryptocurrency assets in case of a hack or any unforeseen event.
It is one of the most actively used cryptocurrency exchanges out there. It is the premier cryptocurrency exchange for expert traders that are seeing to conduct the more complex trades that other cryptocurrency exchanges do not accommodate.