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Poloniex has reopened trading for Washington residents, thanks to a new license giving us the green light from the Washington State Department of Financial Institutions.
According to the representatives of company, this was made possible by obtaining a new license from the Department of Financial Institutions, giving the green light to work in this state.
As a result of this interest, the traffic of exchanges is increasing. When the traffic gets heavy, systems hang and users cannot access their accounts.
Coinbase crashed 4 times this month, the last being on November 17, Save my name, email, and website in this browser for the next time I comment.
Sign in. Log into your account. Password recovery. Poloniex is one of biggest cryptocurrency marketplaces in the world, and frequently the largest bitcoin trader.
There is some controversy in the legend of Poloniex, as many authors list it as operating out of Wilmington, Delaware.
While initially anticipating servicing the American market, overseas interest prompted the exchange to begin thinking globally.
Having begun attracting traders from abroad, the company shifted their focus to ensure that all traders are welcomed onsite, and not just US citizens.
After an extensive redesign circa , the development team introduced additional new features, such as enhanced technical analysis charts and improved UX that includes live chat.
Unlike other similar exchanges, Poloniex has always presented grandly and been well patronized, yet has dragged this glaring issue along with it through the years.
Less a Poloniex problem than a persistent problem facing crypto trading outfits the world over, support in the cryptosphere has been a lagging and potentially preventative issue since blockchain began.
That said, the site is well-designed and polished, and a truly immersive crypto trading experience is made real through this exchange.
Poloniex [poloniex. The overall security, depth and volume of daily trading make Poloniex the benchmark for many of its users.
The Poloniex model is similar to competing digital exchanges that deny fiat currency and act as pure cryptocurrency trading venues.
Around coins are on offer and trading fees range between 0. New users will load their exchange account from a wallet facility.
It might seem obvious, but in order to trade, users are advised that they need to be in possession of a cryptocurrency supported by the platform already.
Pairs to trade are figured from the RHS of the Exchange page. A user seeking an altcoin sets a buy price and the total of the digital currency desired when placing an order.
The exchange charges no deposit fees, although blockchain network fees are applicable and vary from one project to the next.
Poloniex makes it easy to pop in and out of the exchange to trade once established. The exchange keeps the majority of deposits in air-gapped cold storage.
The exchange is emblematic of a modern digital trading platform, having gotten most aspects right in the initial build. Starting from a good base, it is hoped that Poloniex might emerge as the exchange that sets new service levels addressing UX.
Unfortunately, while not endemic to Poloniex, the perpetual complaints on serious user issues remain. On the plus side, it appears that support issues predominate user comms, as opposed to more serious concerns.
That said, when support failures result in unpaid or terminally stagnant or evasive funds, it is hoped the exchange will emerge at the forefront of professionalizing the arena on this issue.
Other exchanges have had far worse press for their intransigence and even demonstrably absent customer support, but Poloniex has made a meal out of poor resolution.
Poloniex traders have waited weeks and even months for their issues to be addressed, while some continue to wait. As a phenomenon, it is unfortunate that the single aspect of poor support contributes still to the scam perceptions of millions of people all over the globe.
Withdrawal Issues — the worst kind — constitute the majority of serious complaints. While cryptocurrency networks are still sometimes unstable and the entire industry itself still such a brand new thing, one would nonetheless expect a big hitter like Poloniex to be targeting resolution on this front.
It flies in the face of such a polished and professional site that the focus remains on company benefits, not user experience.
Prior to this, in March , Poloniex succumbed to a hack costing around As testament to the security protocols at play on the exchange, Poloniex stopped the attack and temporarily closed the trading floor.
Not all good news, as the refunds were partially financed by increasing fees, the exchange nonetheless made a grand statement about its credibility and overall trustworthiness.
As much-vaunted legislation comes home to roost in many countries around the world, Poloniex is also required to remain current on regulation in all of the jurisdictions in which it operates — basically the world.
Due to local laws, some American states have been denied service. For example, July saw Poloniex exit from Washington State.
Although it sounds dire, law firms announced in that they were investigating claims of users who had suffered losses due to DDoS attacks.
More an inevitable component of online life, Poloniex was nonetheless targeted by some traders pursuing these losses. While an outside observer with scant knowledge might deem a DDoS attack and subsequent losses as negligible, the reality is different.
If at the conclusion of the Promotion, we determine that the total prize pool will be exceeded by providing the annual yields outlined, participants will receive a portion of the total prize pool distributed proportionately based on their BTC net deposit amount and the number of days that they had an eligible net deposit amount.
Reward distribution: rewards will be distributed within two weeks after the Promotion ends. We are unable to distribute rewards or airdrops to customer accounts that are frozen, closed, or based out of a country in our prohibited countries list.
For further details, please refer to our Official Rules. If we determine that an individual has used multiple accounts in order to win multiple prizes, we will distribute only one reward to that individual.