- 25.02.2020

Why does poloniex want my ssn

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This review is part of a crypto exchange review series. Those readers who already trade with Poloniex, sign up for a Shrimpy account to begin automating your trading strategy.

Why does poloniex want my ssn

Of all the famous and well-known exchanges that exist in the cryptocurrency world, Poloniex has always been something of an outlier. Despite having enviable brand recognition anyone who has been around crypto long enough will nod yes when asked if they know PoloPoloniex has managed to remain waiting in the wings while other exchanges have gone to greatness.

Is this by design?

Why does poloniex want my ssn

Or is Poloniex simply getting primed for bigger things as its acquisition by Circle would seem to suggest? While public information about the history why does poloniex want my ssn Poloniex is scant, there are enough details around for us to cobble together a picture of this venerable exchange along with its origins.

Poloniex Trading Tutorial - How To Get Started And Make Your First Trade

Shortly after launching, a hacker robbed the exchange of InPoloniex became amongst the first exchanges to list Ethereum which was a temporary king-making move. The shocking price tag was equaled by an audacious mission to make Poloniex the first fully-regulated cryptocurrency exchange in the United States.

Why does poloniex want my ssn

Since the acquisition, Poloniex has gone seemingly dormant. Rival exchanges like Binance, Huobi, and Coinbase Pro have lifted off to even higher heights in terms of exchange activity while Poloniex has quietly faded into the distance.

Why does poloniex want my ssn

Its goal of becoming a regulated exchange has seen it delist cryptocurrencies that may qualify as securities — while other exchanges operating within the US have continued to trade those visit web page pairs.

ByPolo was better known for its unresponsive customer service go here anything else. This new entity has taken the reigns in managing the exchange and why does poloniex want my ssn future support.

Why does poloniex want my ssn

So, the question at hand is — where does Poloniex stand in ? Opening an Account The strength of an exchange lies, in large part, with how well that exchange can onboard new users.

If the new account process is too difficult, tedious, or complicated, then the exchange is halving 2020 ethereum to grow as new users flock to easier why does poloniex want my ssn.

Why does poloniex want my ssn

The steps are primarily concerned with your identity and you proving that it really is you who is signing up for a trading account.

Other exchanges, like Binance and KuCoin, only require an email, password, and email verification, so on this account, Poloniex is already quite cumbersome.

Why does poloniex want my ssn

Once you pass all the KYC steps, everything resembles an exchange you already know. Features and Services Lending and Margin Trading — Why does poloniex want my ssn offers traders both source and margin trading services making it one of the few mainstream exchanges to do so.

Why does poloniex want my ssn

There is a catch, however. Another caveat here is that you should be cautious about which pair you choose to margin trade with. Recently, a sizeable loss was suffered by CLAM traders after the illiquid token crashed heavily in a single day of trading.

Cex exchange bitcoin why poloniex ask ssn

This makes the exchange interoperable with client apps so that, if https://catalog-obzor.ru/2020/g2a-legit-2020.html so choose, you can really dig why does poloniex want my ssn and get as much data from Poloniex as possible.

What this means is that rather than purchase why does poloniex want my ssn directly with fiat, you can move funds from either your CC or bank account into your Poloniex wallet, and exchange those funds for a stablecoin equivalent.

Then, with a stablecoin balance in your wallet, you can purchase any crypto listed against it in a pairing. You get a couple of different buy order types along with two stop order types.

Why does poloniex want my ssn

Charts on Poloniex are detailed, have a why does poloniex want my ssn does poloniex want my ssn selection of technical indicators, and run without any noticeable lag.

OTC Trading Desk — One should expect that an exchange backed by the likes of Goldman Sachs will accommodate over-the-counter trades made by firm size accounts.

POlONIEX. Sing Up and Verification

Trade Reports and Account Statements — Poloniex is going all in on legality, that much is clear. The Good and the Bad Poloniex is an inoffensive exchange.

Poloniex frequently asked questions bittrex no ssn

Despite having a solid security history and having been around for several years, the number of customer service complaints that racked up against the exchange over the years really took a toll on its reputation.

Recently, Poloniex has been in the spotlight for the wrong reasons. The aforementioned flash crash that took down CLAM traders was seen by many as irresponsible given that the exchange allowed leveraged trading to continue on a highly illiquid ethermine setup. Exchanges which were once its peers are climbing higher why does poloniex why does poloniex want my ssn my ssn, while flash-in-the-pan exchanges have exhibited more staying power and a greater ability to attract action.

Advanced why does poloniex want my ssn Rating Total Rating - 3.

Why does poloniex want my ssn

Additional Reading.

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