Poloniex withdraw limit real?

[BitMaxz]

Any experience with poloniex?

It is sead, that we can withdraw coins until 50000$ per day without KCY with tier1.
This is unbelievable.

It's not so unbelievable and yes it's real.
I know several exchanges that have much bigger daily withdrawal limits, so compared with them Poloniex is nothing.

$50k is a pretty big withdrawal limit it's around 2btc even if it is real it's too risky to trade on Poloniex due to their bad reputation since 2015 like frozen accounts or can't able to withdraw or stole their funds by Poloniex. There are many users there being scammed and lost funds and I can't find someone who solved their case.

Like this one https://bitcointalk.org/index.php?topic=5196029.0
I'm also a user of Poloniex before I never had any issues I just stop using them after they implement KYC.

@OP if I were you if you are going to use the Poloniex exchange I suggest don't deposit a big amount to lessen the risk you can spread the coins to other exchanges with no KYC like Coinex and Kucoin or go directly to the P2P exchanges as suggested above.

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[PX-Z]

Thanks for the link, but while I am searching now even on bitcointalk there are many members said Kucoin ask for KYC compliance even if their limit is below the level what they mentioned for non verified customers and also some account under froze until they complete KYC so with any centralized exchange regarding KYC or no KYCed account the user should be asked to verify their Identity at anytime which is also mentioned in their ToS so yes there is no guarantee that someone can withdraw as non verified user forever.

Requiring KYC is possible under certain conditions since it is really a centralized exchange like suspicious activity detected. I'm a regular user of kucoin and fortunately, i never experienced requiring KYC yet.

While other exchanges have accounts limit, 50k limit for level 1 is really huge. But nah, i found lots of complains about polo, shattered reputation in those years that i decided to ignore them and only use kucoin even though it has lower withdrawal limits.

[Findingnemo]

Thanks for the link, but while I am searching now even on bitcointalk there are many members said Kucoin ask for KYC compliance even if their limit is below the level what they mentioned for non verified customers and also some account under froze until they complete KYC so with any centralized exchange regarding KYC or no KYCed account the user should be asked to verify their Identity at anytime which is also mentioned in their ToS so yes there is no guarantee that someone can withdraw as non verified user forever.

Requiring KYC is possible under certain conditions since it is really a centralized exchange like suspicious activity detected. I'm a regular user of kucoin and fortunately, i never experienced requiring KYC yet.

While other exchanges have accounts limit, 50k limit for level 1 is really huge. But nah, i found lots of complains about polo, shattered reputation in those years that i decided to ignore them and only use kucoin even though it has lower withdrawal limits.

Even myself had very bad trade experience and due to that I almost lost half of my capital value which mainly happened due to their fake trading volume so I simply decided to sell for whatever the price and stop using the Poloniex anymore and that is the end of the story so instead of trusting their no KYC better choose the right exchange with lower KYC requirements like only name and address for level 1 in case if we are only a moderate trader and don't want to submit more personal information.

[royalfestus]

As per their official website registered user with level 1 tier can withdraw upto 10K USD per day but I am not using it anymore for years especially since the hack in 2020.

I just want to give you the warning about their reputation in the recent times is not good so better choose other trading exchanges like Kucoin which still has no KYC trading feature if I am not wrong.

Did you lose your money with the hack?

[Findingnemo]

As per their official website registered user with level 1 tier can withdraw upto 10K USD per day but I am not using it anymore for years especially since the hack in 2020.

I just want to give you the warning about their reputation in the recent times is not good so better choose other trading exchanges like Kucoin which still has no KYC trading feature if I am not wrong.

Did you lose your money with the hack?

No I didn't lose any money due to the hack but lost the value of my crypto assets due to their fake trade orders which forced me to sell for low price than actual market price at that time but again it happened long time ago and it is one of the reason why I stopped using Poloniex.

[Mbidox]

Does this mean, you have sold with a market order?

[Findingnemo]

Does this mean, you have sold with a marked order?

It happened a long way back so I don't remember exactly how much the order value or how much it was but I am sure its about few hundred dollars. Just for the example I have 100 coins which I deposited there to sell it after good market hike but what I witnessed is about they have only trade orders for about 20 coins with market value so I am being forced to sell for half of the market price like 60% only.

And it was really a good coin with very good trading volume on all the exchanges still that trade went in that way, maybe things have changed now or worsen but I sm not ready to take any more risk with them so moved to better exchanges.

[doomloop]

As per their official website registered user with level 1 tier can withdraw upto 10K USD per day but I am not using it anymore for years especially since the hack in 2020.

I just want to give you the warning about their reputation in the recent times is not good so better choose other trading exchanges like Kucoin which still has no KYC trading feature if I am not wrong.

If I remember correctly, this poloniex exchange is owned by Tron co-founder Justin Sun. Recently, this guy is also said to have just acquired the houbi exchange, which is also a leading exchange in the world. I also stopped using it quite a while ago. but I didn't hear about the hack that year because I switched to binance and houbi probably from 2019 to now.

Kucoin is a centralized exchange but it allows trading and withdrawing when you don't want KYC, but you can only withdraw up to 1BTC within 24 hours with a non-KYC account.

Since when sun owned polo? If it was recently then maybe the limit is now $50k per day, not $10k anymore. It might be a form of promotion to attract more users again to use the site since it's said that there's a hack which takes place long time ago and that would have scared many people from using the exchange. It's amazing if sun also acquires houbi. This simply shows that he is rich but I don't think he can buy kuckoin and binance since they are more popular than the two so their selling value must also be huge.

@OP I check the screenies and there's no typo in there. The level two limit also shows $500k but you can try confirming things in their customer support.