Poloniex Exchange: Redefining Trust Factor in Cryptocurrency Trading

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Poloniex deserves a special mention in the field of cryptocurrency exchanges as the trading platform has consistently set new benchmarks of safety and security since its inception in 2014. In addition to providing a wide range of options in trading cryptocurrencies, one of the distinguishing features of the Poloniex its ability to provide responsible trading services to investors. This has become possible thanks to the unique working philosophy of Poloniex, whereby the platform has worked closely with regulators and other industry players in order to build a high level of safety standards related to cryptocurrency investors.

Unique Features

In order to reassure the customer’s safety, Poloniex offers insurance on the cryptocurrency assets stored on its platform. Further, the safety and security aspect is boosted through the offline storage of crypto assets as the platform stores a significant portion of cryptocurrency assets offline. This helps to minimize the threat from online hacking attempts while providing extra assurance to investors.

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Poloniex offers a wide range of cryptocurrency trading services and thanks to its fast application process interfaces (APIs), the trading platform has carved a special place for itself among the cryptocurrency investor and traders. As an investor, you can access a number of innovative opportunities on Poloniex and the facility of trading on margin gives extra power to investors. Besides, you get dedicated support for all your trading and investment inquiries in addition to getting a chance to mingle with like-minded persons on the Poloniex’s community.

Poloniex is quite aware of the changing lifestyles and trading preferences of the millennial who want to have the convenience of each and everything on their fingertips. This is the reason why the platform has come up with its mobile app that is available for both Android and iOS platforms. Users of both Google and Apple ecosystem can download the app and then start trading with a touch of their mobile phones from the place and time of their choice.

Recent Developments

Poloniex’s automated auditing software is very effective in assessing any erroneous practices in the trading and just a couple of days back, Poloniex went on to rescind a trading history of around 12 minutes owing to some technical glitches. This signifies the active response of the platform while signifying its keen eye to provide a seamless trading experience to investors. Further, Poloniex is putting continuous efforts in order to expand the choices available on its platform and recently announced the listing of BitTorrent on its exchange. This results in investors getting choices of trading in three different pairs of BitTorrent – BTT/TRX, BTT/BTC, and BTT/USDT.

Conclusion

The factor of trust and transparency is the biggest concern among the investors’ communities and in fact, the lack of faith and awareness among the general public is hurting the adoption prospect of cryptocurrencies around the globe. One solution to address the lack of trust is providing safe and secure cryptocurrency trading services. Among the scores of cryptocurrency exchanges available nowadays, Poloniex has set it apart from others on the aspects of superior safety and security, a wide range of choices, and a very responsive customer support system.

The focus of the Poloniex is to provide superior trading experience to customers and with its state of the art technology, ethical trading practices, and customer-centric approach, the platform is gaining rave reviews from investors all across the globe. It’s high time that other cryptocurrency exchanges also put an extra effort to strengthen the safety and security aspect of the crypto investment. Services such as insurance can become a part of the facilities offered by the cryptocurrency exchange (just like Poloniex offers) as this will help investors dispel their doubts and concerns related to the genuineness of cryptocurrency exchanges. This, in turn, will go a long way in projecting a positive image of crypto trading platforms on investors’ minds.

Trevor Holman

Trevor Holman follows crypto industry since 2011. He joined CryptoNewsZ as a news writer and he provides technical analysis pieces and current market data. He is also an avid trader. In his free time, he loves to explore unexplored places.

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