Everybody is already on polo which whenever a coin is listed there, its going to have volume. When Stratis was listed on Bittrex I wasn't trading it but after learning its going to be listed on polo, I started trading with it. It has become popular for all altcoin traders because the owner paid everyone when it was hacked few years ago. It gained reputation from users which until now the story was passed on that is why I know that story. Polo also don't require IDs from traders which makes it better.
I find it rather fascinating, how Polo has gained so much trust. Afterall, nothing is known on who the owners are, right? Where is Poloniex located, and why can't some people trade there? Poloniex has basically become the US Dollar of cryptocurrency exchanges.
Are there actually exchanges that require identification for trading cryptos? If so, which ones? I've always thought only crypto-fiat exchanges require identification.
There are a lot of these exchanges that requires ID such as kraken but this is for those tier 1-4 I guess. Tier 1-4 means that a trader who withdraws $2500 and deposits more than $20,000 in crypto. I logon to my account and tier 1 has the note saying:
Tier 1 You can trade between all currencies, but account funding is limited to digital currencies only. For tier 4 traders, they allow them to withdraw (crypto) $100,000.00. You can understand why they require all these IDs for sure. I think this applies to some other exchanges like bitfinex
