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Author Topic: Poloniex or Bittrex? (OR OTHERS?)  (Read 201 times)
squatz1
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November 04, 2017, 01:49:18 AM
 #1

I want to get back to trading, but I've heard that Poloniex isn't the company that has the dominance over the trading market so I wanted to see what the traders currently thought about what I should be doing. I used to also trade on Gdax (Just Bitcoin and ETH) and wanted to know if that would be the way to go, do let me know on some of your stories with the fees that are also on these sites.


Thanks all!

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mjglqw
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November 04, 2017, 02:08:45 AM
 #2

Poloniex has been doing some shady stuff in the past. Locking up accounts and not replying to complaints from their users. I would definitely stay away from it. If you'd like an exchange that supports a good number of coins, definitely go with Bittrex or Binance. If I remember correctly the trading fee is only like 0.1% on Binance(with 0.25% on Bittrex), which is a bit lower compared to others.

https://www.binance.com/
https://bittrex.com/

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November 04, 2017, 03:38:46 AM
 #3

I want to get back to trading, but I've heard that Poloniex isn't the company that has the dominance over the trading market so I wanted to see what the traders currently thought about what I should be doing. I used to also trade on Gdax (Just Bitcoin and ETH) and wanted to know if that would be the way to go, do let me know on some of your stories with the fees that are also on these sites.


Thanks all!

I’ve used Poloniex quite a bit and even though I have always liked their exchange, the customer support seems to be having problems. They don’t seem to respond to support tickets. It scares me that if I ever have a significant problem, I won’t be able to get it resolved. Therefore, I have stopped using that exchange.

Bitfinex seems to be a decent exchange, but they are no longer allowing US customers, so I had to stop using them as well.

There are others like Bittrex which is very popular and Kraken and a few others but I don’t have much experience with those.

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November 04, 2017, 03:52:53 AM
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Since I started trading, I used Polo as my first exchange site due to its user friendly environment and you can do other stuffs such as Margin trading and Lending. Nothing suspicious happened to my account as long as you behave very well. I believe that if you were not doing anything suspicious, Polo will stay away from your account and you'll have your freedom to do your daily usual business.


I also tried Yobit but for some reasons, It didn't last long. I hate the site design and for me, it ain't user friendly. Also the chat board irritates me as there are more spammers (pump and dumpers) compared to Polo.

Bitrex is a fine exchange site, although Polo is more of a friendly user, what I like about them is that the transaction fee is very low.

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November 04, 2017, 05:33:31 AM
 #5

I do not have the poloniex problem in the past. I tried several times a 2k usd dollar withdrawal per day. it is not wise to use poloniex because its withdrawal fee is low. Biitrex is pretty good for many coins that you can trade but the cost of the fee may be lower than the cost because of charting in bittrex compare to poloniex.

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November 04, 2017, 05:38:20 AM
 #6

Poloniex is not a good site that used to be,a lot of problem happened lately in there so it would be better for you to avoid them.
Bittrex is a good site,
but sometimes they're blocking their costumer account if their costumer break their rules or selectively blocking their costumer.
they're forbiding some countries to do the trade in their site,try to read their statement and rule before using it.
other than blocking their costumer account for some reason,they do not have any issue,everything is very smooth in there.
Binance.com is a newly born(created 6 months ago approximately) exchanger,it look profesional but their biggest weakness is the confirmation.
a month or two months ago,i figure it out that we need to wait approximately 30 conf for every deposit which is 'quite' a lot.

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November 04, 2017, 05:41:33 AM
 #7

Just look around the forums you will find both Poloniex and Bittrex being accused of doing shady stuff like locking out accounts with high trade volumes while coins are present in it without any particular reason. If you're going in with a high volume, I would suggest to divest into multiple exchanges which might sound like a headache but is far better than being locked out with all your balance in a site's account.

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November 04, 2017, 06:15:34 AM
 #8

Any european user willing to share feedback on other platforms than Kraken (too broken), Bitstamp (few currencies, high fees) and GDAX (can't join)?
I'm looking for something EUR-friendly and accepting SEPA transfers, preferably.

Are there european users using foreign platforms & feeding them using BTC's bought on other platforms?
As far as I understand neither Poloniex nor Bittrex are nice for europeans, correct?
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November 04, 2017, 10:15:16 AM
 #9



I want to get back to trading, but I've heard that Poloniex isn't the company that has the dominance over the trading market so I wanted to see what the traders currently thought about what I should be doing. I used to also trade on Gdax (Just Bitcoin and ETH) and wanted to know if that would be the way to go, do let me know on some of your stories with the fees that are also on these sites.



Thanks all!



Im currently trading on Poloniex, HitBTC, Yobit, Livecoin. As far as I have experienced all of them are having same fees like around 0.1-0.2% which is pretty obvious. There internal fees fro everyone for exchanging a coin with other pairs as well as for cashing out the coins too. More or less all of them are same for fee structure and however the volume of trade is different for them. The way I have mentioned above, they have volume of descending order from Poloniex to Livecoin. I like HItBTC for their graphical data and features like putting the limits on stop-loss etc. I will choose to trade in between these exchange if there is huge price difference between them.


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SastraID
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November 04, 2017, 10:31:14 AM
 #10

poloniex have low fee, thats why im still trading on poloniex even many people says its not good exchanger

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