Year 2017. Poloniex vs. Bittrex vs. Kraken service comparison

[INRI666]

I want to ask everyone for their personal experiences in Bittrex, Poloniex and Kraken. I have heard many isolated incidents about one of those exchanges but I want to hear it from you for the benefit of the newbies who are looking for a safe and dependable altcoin exchange.

Please post your favorite exchange and give your rating from 1 to 5.

But also feel free to add other exchanges you have had experience with.

[1714178973]

1714178973

[2bfree]

For me Bittrex is the best!

[bathrobehero]

This just my experience/preference:

Poloniex: it's grown too big of an exchange, meaning that it makes or breaks coins. It's near impossible to get a coin listed on polo as they don't have time to bother with new coins being busy counting their money. Regardless, if you ignore all the FUD, recently more and more people have issues with polo in one way or another. They also somewhat strictly oblige by KYC/AML which means they require IDs even from people outside the US. I never, ever given even my real name to exchanges, let alone ID scans. Not because I have anything to hide, it's just I don't trust them and identification goes against crypto. Anyway, with fake name you can withdraw $2k per day per account. Ever since the first reports of polo users getting their accounts locked due to something along the lines of the source of their deposits seems malicious I'm avoiding that exchange as much as I can and only hold as much funds as I wouldn't mind losing that much. I mean I'm not condoning hacking or stealing but they're an exchange, they shouldn't play judge and jury based on where you deposited the funds from.

Bittrex: probably my favourite exchange, or was in the past but in the last few months it's getting worse. They used to have a Distribution tab showing the top holders for each coin but they silently removed that feature for some reason. They also removed Joincoin with an announcement that they will do that at a set date instead of a warning that they expect more trading volume (therefore more profit from fees). So there was nothing to do by the community so they pretty much killed Joincoin. When I pay with bitcoin for goods and services I usually do so straight from Bittrex but recently the authorized withdrawals are taking long while it was used to be instant. They're also planning on changing their UI to a pretty terrible one if you ask me.

Kraken: I have zero experience with it.

Since I got into it I'll add a few more:

C-cex: not that big of an exchange but they're pretty great I think. At least I never had any issues with them. I especially love their UI, compact, to the point information.

Yobit: alias Aw, Snap Chrome ran out of memory while trying to display this webpage - because they don't put their site to sleep when it's in the background so whatever page you're on inside of yobit it still refreshes all the rapid bot activity of all the coins on the side until it crashes that tab in a hours, maybe days. Massively bot infested mass-shitcoin collecting exchange but it's a great medium size exchange with some crazy surprise pumps.

cryptopia.co.nz, coinexchange.io, empoex.com, coinsmarkets.com, novaexchange.com: the smallest of fishes I can barely differentiate.

[michietn94]

Kraken : over protective exchange even if you want to start trading

Poloniex : TrollBox is a great tool to chat between other traders. It's a great and trust exchanger I've ever known

Bittrex : simple and smooth exchange ! Been used it over three years without having any problem

[azguard]

Poloniex becoming more like just another source of taking money they have issues with sending/receiving coins up to several days not good for them, but this is something that is always present with then.

Bitttrex was good something happen and they just lose trust of users, kraken never used so i wont judge them with something will they are good or bad.

[vaccin]

[...] Bitttrex was good something happen and they just lose trust of users [...]

Care to elaborate on that one? I'm planning to give it a go to day trading, and my best bet is Bittrex since they have a broader range of alts also.

[2bfree]

[...] Bitttrex was good something happen and they just lose trust of users [...]

Care to elaborate on that one? I'm planning to give it a go to day trading, and my best bet is Bittrex since they have a broader range of alts also.

Bittrix has been one of the most stable ones out there, what's the problem you say "no trust" why? I have never ever had 1 problem with Bittrex

[Razzoel]

I want to ask everyone for their personal experiences in Bittrex, Poloniex and Kraken. I have heard many isolated incidents about one of those exchanges but I want to hear it from you for the benefit of the newbies who are looking for a safe and dependable altcoin exchange.

Please post your favorite exchange and give your rating from 1 to 5.

But also feel free to add other exchanges you have had experience with.

1. Bittrex is okay with volume, ive used them.
2. Polo is not that good since they limit your withdrawals now unless you send personal info....
3. Never used Krak.

[Pajulapoiss]

[...] Bitttrex was good something happen and they just lose trust of users [...]

Care to elaborate on that one? I'm planning to give it a go to day trading, and my best bet is Bittrex since they have a broader range of alts also.

Bittrix has been one of the most stable ones out there, what's the problem you say "no trust" why? I have never ever had 1 problem with Bittrex

I think they are referring to the lack of support that have been reported to this forum.

If u haven't had any problems then perhaps you want to weigh in here: https://bitcointalk.org/index.php?topic=463202.620
Did u ever need help from support, how's ur experience?

[ShareTheVibes]

[...] Bitttrex was good something happen and they just lose trust of users [...]

Care to elaborate on that one? I'm planning to give it a go to day trading, and my best bet is Bittrex since they have a broader range of alts also.

Bittrix has been one of the most stable ones out there, what's the problem you say "no trust" why? I have never ever had 1 problem with Bittrex

I would agree with you. Though Polo has a better UI, it lacks everything else.

I saw your article about traveling on Steemit and I was impressed. I am thinking of doing the same, but I guess I need little bit more capital. Where else have you been, and for how many months/years are u doing this ?

[savioroshan]

I had used poloniex 3 or 4 times to purchase blackcoins. I was able to immediately withdraw coins to my wallet from poloniex and I didn't find any difficulty by using them. But I read somewhere that there are problems regarding ethereum withdrawals. But so far my experience with them was good. You use Kraken and see. I have heard many positive reviews about kraken from my friends.

[mela65]

You may find more altcoins at bittrex, but if we make a comparison for interface you will see Poloniex is more useful. If you want to make technical analysis, there is more chart on bittrex

[Snail2]

It appears Polo screwed their Cloudflare settings again. Today I'm getting rate limit and temporarily banned errors quite often. Even if I don't touched the page for an hour. Perhaps it's really time to move partially of maybe fully somewhere else :/.

[jorenpo]

Poloniex - Low Transaction fee. High volume of coins. Fast Withdraw and Deposit
Bittrex - Low Transaction fee but not as low like in poloniex. High Volume of coins. Many coins and token listed. best wallet i think
Kraken - I dont know. i didn't use this one

but for me the more stable wallet is poloniex.

[alyssa85]

Kraken is fine for the BTC/EUR trading pair. But it's not great for alts because the volume is too small.

I have withdrawn euros, using SEPA into a British bank account (it converts automatically to pounds) and it works really well. If you withdraw in the evening, it's in your bank account the next morning by noon.

[not.you]

Bittrex - Never had problems.  Mostly used them for selling alts to BTC although using them a little more for trading now because I left Polo (see below).  I have never had to contact bittrex support so I can't comment about it. UI could be better but it's definitely usable.

Polo - I took everything out.  Too many red flags.  Personally I only had problems with one single withdrawal being held up for about 24 hours.  All the rest of my withdrawals went smoothly.  It took me more than a week to get everything out since I was completely unverified.  The interface was always the most usable of all of the exchanges but the lag was killing it recently and then the endless stream of complaints about withdrawals just made me leery so I bailed.  This had been the exchange I used the most for the past year or two.

Kraken - I have had a couple levels of verification at kraken for a long time so this is where I am doing the majority of my trading.  Their UI completely sucked for a long time so even though I was verified a while back I didn't use it much.  The trading UI is improved but still needs a lot of work.  You can't even get an available funds balance so you have to go back and look at your own open orders (or see what you have available to withdrawal) to find out what you have available to put on new trades.  That's pretty fucking sad.  But even so they seem a lot more reliable than polo at the moment.  Kraken support has been moderately responsive to me.  They usually send you a generic response pretty soon (a few days) saying they have your ticket, they are busy, blah, blah, and then give you an actual response a week or so later.  That's not great, but ok for my issues so far.  I have never done fiat deposit or withdrawal and I gather that the majority of the issues with kraken are around that and around the time it takes for verification.  Since I was verified a long while back that part was never a problem for me.  I have had zero issues with deposits or withdrawals in crypto.

[avatar_kiyoshi]

Poloniex: this is one of my favorite altcoin exchange, they listed a lot coin, offer pretty big volume, plus you can invest thru their lending platform. Sadly recently they got so many complaints, hope they will solve it, honestly I'm not use their service recently because I break from trading activity for a while.

Bittrex: same as poloniex it's my favorite exchange to trade altcoin, their volume and coin listed is big too. The point plus is I like their interface, although it's need load pretty much motion so speed page is pretty slow compared to poloniex. Also their platform makes me freely to trade.

Kraken: never use them.

Cryptopia & Novaexchange: this is the place where you can trade a coin that not really famous but you can still get profit thru arbitration, because their have pretty big price gaps. So far not meet any problem yet.

[CoinCentral]

The major difference between Poloniex and Kraken is that Kraken allows users to deposit, withdrawal, and trade fiat currencies (USD, EUR, etc.), while Poloniex only trades in cryptocurrencies.

Aside from this, Poloniex (70+) offers far more cryptocurrencies to trade than Kraken (~17) does.

One thing to note is that, while all cryptocurrency exchanges seem to have issues with customer support, there's been many complaints of Poloniex taking weeks or even months to answer support tickets.

You can see a more in depth comparison here: https://coincentral.com/poloniex-vs-kraken/

[Zocadas]

The second half of 2017 was a bad time for poloniex users. DDos attacks, horrible support, chatbox disappeared, scam accusations, probably manual generated withdraws instead of automatic and issues at lending. Now seems to get better. Hope so, because Polo was for me with its features the best before.

[bdsahin]

My favorite exchange Bittrex & Hitbtc,but now not use bittrex bcoz withdraw limit problem.Hitbtc best.