The Poloniex cryptocurrency exchange is in the top 100 list of the most popular floors trading digital assets.
Coinmatics, a crypto copy trading and analytical platform, offers automated solutions for awareness-rising and maximizing profits from trading on Poloniex.
The software solutions by Coinmatics help market players to be kept in the loop about the ever-changing market situation and to use timely data to their advantage.
The American cryptocurrency exchange, Poloniex, was established in 2014 by Tristan D’Agosta, an entrepreneur. The owner of the trading floor has been the company Circle Internet Financial Ltd since 2018. The official site of the exchange is the following: https://poloniex.com.
As for the beginning of 2020, Poloniex is ranked sixth in the Coinmarketcap’s ranking of cryptocurrency exchanges. There are more than 90 markets at the exchange.
The trading volume for the last 24 hours is $65 223 925. At the beginning, the platform provided users with trading operations only, but today, it offers instruments of technical analysis and information support.
Poloniex doesn’t work with fiat currencies. The trading on the exchange is limited to digital assets only. For those traders with an insufficient amount of assets, there are leverages available. Lending is also possible at the exchange; it is provided not by the platform though but rather by the community of traders.
The applications available on AppStore, Google Play, Android APK, and the mobile version of the website enables customers to use Poloniex not via PCs alone.
Registration and Verification
The registration on Poloniex involves submission of passport or driving license data. The process of registration and verification implies the following steps:
- A user visits the main page of the exchange, clicks the Sign Up bottom at the top right corner (the website is in English and Chinese only).
- In the window that opens up, insert your email and password, receive a verification link to your email and click it.
- Once you enter the account, add your personal data (including the photo of the passport) in accordance with the KYC procedure.
Commission fees and leaderboard
The fees are designed in such a way as to encourage market makers. The fees for those who place orders, thus forming the price of an asset, are lower than fees for traders closing orders. Moreover, the fees are proportional to the trading volumes, which is so to foster the liquidity.
As for the beginning of 2020, the figures are the following:
Applications for obtaining Plus Silver, Plus Gold и Market Maker statuses are submitted individually. The key factor is a trading volume of an applier, who can be both an individual trader and an institution.
Aside from the lowered commission fees, the statuses provide such benefits as:
- Priority support and Access to Account Managers;
- Increased withdrawal limits;
- Access to Product roadmap and Beta Testing.
The level of access depends on status.
How to make trading on Poloniex more profitable and comfortable?
Coinmatics, a crypto copy trading and analytical platform, is specialized in the development of software solutions for cryptocurrency traders. We are glad to offer you a few solutions that are useful and will enable you to increase your awareness about the state of the market on Poloniex and to turn it into money.
Particularly, we have developed Ticker Alerts sending notifications to your Telegram account. To use it, all you have to do is register on the messenger. Ticker Alerts provides users with an ability to track chosen trading pairs in accordance with set parameters by sending notifications about relevant changes on the market.
Powerful analytical instruments are implemented in our software. They not only track the exchange’s data but also compare it with prices and trends on some other platforms.
Therefore, a participant of the market can profit from arbitrage trading by timely making use of the data about the most lucrative buy and sell options.
The software is completely safe — it has no access to users’ assets. Its main aim is to automate the process of trading on the basis of technological innovations and the increasing efficiency of copy trading.
The registration on Coinmatics is free of charge. You can join us at any moment to test the software. We will be happy if our instruments get you interested and suit you.
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