Poloniex Exchange launched in 2014 and is operating in the United States. Recently, the Circle a huge Goldman-Sachs company acquired Poloniex. With Circle as owners they aim to make Poloniex the first keeping pace Exchange by registering with the SEC and FINRA as a broker / dealer. We think it is actually a piece of great news for Poloniex along with its customers indeed.
How Do You Create an Account?
Creating a Poloniex account on is relatively simple, particularly in comparison to any others exchanges. Because Poloniex exchange only uses cryptocurrencies and no fiat currencies, the lack of regulations it follow allows the exchange to make the signup method easier and less invasive. Customer can only make one account and exceeding this number can cause you to be balanced or expulsed from the platform. When create a Poloniex account, you obtain access to all the services, exchange, lending, and trading.
Beginners should purchase cryptocurrency such as Bitcoin from a Poloniex exchange like Coinbase then send that to Poloniex for trading.
What Poloniex Account Verification Levels Are There?
Despite the lower cost for those who trade volumes of BTC all day, you should keep in mind that cannot withdraw over $2,000 a day with Poloniex exchange if stick to the first verification level. This can be an obstruction depending on the volume that you frequently trade. Those verification levels only require you to input your name, email, and your country of residence. This verification still allows to poloniex exchange, lend, and trade.
Verification requires physical address, postal address and date of birth, passport, and phone number. You must in fact upload the ID and passport photos. Once approved, your limits for withdrawals and deposits increase to $25,000.
There is a level of verification accessible for those who require an even higher limit, but you must contact poloniex support directly via poloniex support number +1 (888) 287-8183 to reach that verification.