Global Cryptocurrency Exchange Poloniex Reliability

Cryptocurrency Company

Poloniex is one of the world’s largest cryptocurrency exchanges based in San Francisco, USA. They handle nearly 100 types of virtual currencies and can trade widely. Poloniex fees are much cheaper than other exchanges, with maker 0-0.15% and taker 0-0.25%. Since its establishment in 2014, it has become very popular and famous among many traders. It is said to be the largest Bitcoin transaction volume in the world.


Company information

Poloniex is a cryptocurrency brand operated by Poloniex, Inc. The cryptocurrency trading service will be available in 2014, making it one of the longest cryptocurrency exchanges.

Company Name Poloniex, Inc.
Headquarters location1013 Centre Road Suite 403-B Wilmington, Delaware, USA
Business start date2014
number of employeesUnpublished


A financial license is issued by the financial authorities of the country and is a permit for conducting a financial business. Without this, you cannot carry out business activities. The countries with strict examination standards in the world are said to be the United Kingdom and Cyprus. The UK Financial Conduct Authority (FCA) has very strict not only license acquisition but also maintenance standards, such as having to compensate up to £ 85,000 per person in the event of a Forex trader’s bankruptcy. The Cyprus Securities and Exchange Commission (CySec) is said to be the second highest screening country after the United Kingdom. So is Poloniex licensed? The parent company, Circle, has a license.

Company NameAcquisition license
Circle Cryptocurrency operator license (Bit License)

Whether or not withdrawal is refused

Whether or not withdrawal is refused This is probably the most worrisome place for traders who actually make transactions. There is no Forex company that refuses to deposit, but I am wondering if I can really withdraw when I can make a profit. What about Poloniex, as some companies run away at worst? The patterns of withdrawal refusals from past cases are summarized below.

Case studyContents
Withdrawal information errorYou cannot withdraw if the withdrawal destination is incorrect.
Under maintenanceWithdrawals may be delayed during system maintenance.
hackingA hacking incident in 2014 occurred and leaked Bitcoin worth 60 million yen. The operation at that time was confused, and withdrawals were delayed.
Account freezeIf you freeze your account, you will not be able to withdraw. Please unfreeze before withdrawing.