Creating multiple Poloniex accounts is possible?

[nextgenguy]

I want to have a separate account for my long term investments. I'd invest in some coins here and forget about it. I want to know if creating multiple Poloniex accounts is possible or if it is against their T&C. I don't want my accounts to get blocked or frozen.

[beerlover]

Are you going to use polonoiex accounts as storage wallet for years ? There will be no guarantee that they will be into business when you will come back. One recent example : directbet.eu, they were the market leader in gambling industry, suddenly announced permanent termination of their services.

[pooya87]

i have a couple of names for you: Mt. Gox, Cryptsy, Bter.com, Bitfinex

you can search these names, these are similar exchanges, big exchanges at their time, and all of them except bifinex scammed their users, took their money and ran away. bitfinex is not really an exception either, they were hacked like others (or at least that is what they said) and have not yet paid back in full.

now rethink what you are asking.

if you are still not convinced go take a look at some of the altcoin charts now. look at their prices prior to 2017 and how they went up the same way as this year and look where they ended up after some months.

[nextgenguy]

Ok, so right now I'm having one poloniex account in which I micro manage buy/sell multiple times a day. With a new account, I just want to invest in promising currencies and auto sell when it reaches particular goals. Also, I'll be checking it at least once a month minimum.

So I just want to know of Poloniex will block my accounts or I can just have two.

[Immakillya]

That's possible if you only trade a small amount there. Trading on small amount on Polo doesn't need your account to be verified. If you want to buy huge. You're gonna need to verify your account there. If you will do that, you can't have another account since you already give your ID to them. My suggestion is, store them to wallet. Better if you store it to an offline wallet. Since your goal is long term. Why not keep them on your own?

[MMysterious]

Yes it is possible but just be careful, trading sites are not really that secure. Make sure you also have securities like a 2fa or if you have a hardwallet to keep your coins too.

[btcdevil]

Are you going to use polonoiex accounts as storage wallet for years ? There will be no guarantee that they will be into business when you will come back. One recent example : directbet.eu, they were the market leader in gambling industry, suddenly announced permanent termination of their services.

Where did you read that directbet.eu site is closing down, recently i have used their service and i am able to bet on that site without any problem and bets are getting settled

If you want to store coins in poloniex that is not advisable as if the site close down then you dont have control over the coins in that exchange as you dont have the private keys of the wallet address which you are holding coins in poloniex