Is poloniex safe? - page 2. | Bitcointalksearch.org

tyz

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Quote from: Laura2003 on March 22, 2024, 05:30:57 AM

I saw in some comments some people dissapointed or saying poloniex is scam, what do you think?

Are these recent comments? Because Poloniex was actually not recommended in the past. The exchange was hacked and many lost their coins. However, the Exchange now seems to have new owners and is being run more professionally. At least there haven't been any such negative events recently. I wouldn't call the Exchange aebr a scam. But if there is no reason, e.g. because a certain coin is only listed there, then I would rely on larger exchanges like Binance or Kucoin.

Laura2003

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I saw some of you asking why i chose poloniex, i have an account with them already since few years ago and is verified, that's the main reason.
I also have something in my wallet there

Bushdark

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I don't know if it's the only exchange available to you in your region but it would be better if you can avoid it since there had been bad review a out the exchange. There are so many exchanges you could yiuse to buy Bitcoin and trade in the platform depending on your region. You can always find our later to know what exchange woukd be exceptable in your locality. You can also dive to Coinmarketcap to check for other exchangesike this one that are good to use with less negative reviews.

BIT-BENDER

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First exchange is a very sensitive sector, I actually don't play around with exchanges or do I experiment on it. I am not the one to have used many exchanges, the one I use now has been working for me an I have no problems with it so I don't see the need.

But if I was to change exchange definitely I would consider reputation, I would put into consideration what the public says about their experiences on the exchange that's for sure, that would be my first test but I would try to ensure it's a genuine feedback, so it's up to you to make so with the answers you get here about the exchange and compare/contrast.

Aanuoluwatofunmi

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Quote from: Laura2003 on March 22, 2024, 05:30:57 AM

I saw in some comments some people dissapointed or saying poloniex is scam, what do you think?

Why Polonix when there are other trusted exchanges you can go for without having to fear for anything, if you at least go to the scam accusation board, am sure you would have encountered many threads that reports on this same exchange for one reason or the other, if you're seeing many only reviews talking bad about them, this shows also that there's high probability of them being involved in what others have been saying about them with their encounter i using it, i will advise you don't constitute the numbers of those complaining already about this same exchange, instead make wise decision and get a reputable one and if possible a decentralized exchange like bisq or hodl hodl.

AbuBhakar

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It’s already acquired by Justin Sun. Again Justin Sun. I never trust him and all of the project that involves him because there’s always a looming darkness of uncertainty when he was involved especially about legality.

Poloniex is one of the oldest CEX that still run until now but the change of ownership makes me hesitant to use the exchange anymore. If you are already interested to use CEX then why not choose the top exchange like Binance that has a fee discount if you pay in BNB tokens?

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Quote from: Laura2003 on March 22, 2024, 05:30:57 AM

I saw in some comments some people dissapointed or saying poloniex is scam, what do you think?

You will find comments like that for basically any centralized exchange (even the most popular ones like Coinbase and Binance ) so that's that.

Having said that, Poloinex is a decent choice if you are in need of CEX, but that of course doesn't mean that you should trust them with large amounts of money, or use it to store your crypto.

dkbit98

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Quote from: Laura2003 on March 22, 2024, 05:30:57 AM

I saw in some comments some people dissapointed or saying poloniex is scam, what do you think?

Poloniex is obviously not a scam as they exist for many years, but no centralized exchange is safe for keeping coins there like in a wallet, they are meant to be used for trading coins only, not for holding.

Plaguedeath

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If you have an alternative, you should choose other reputable exchanges because poloniex is no longer popular and seems like not many people use it.

Quote from: goldkingcoiner on March 22, 2024, 07:06:26 AM

Stay away from centralized exchanges. They will find ways to extort your KYC as well as your money from you. And they will probably sell your data (passport and so on...) and they will claim it was due to a "hack" to avoid responsiblity.

In addition with your reply, @OP if you want to check exchanges without KYC, you can visit kycnot.me

I recommend bisq, agoradesk or robosats.

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Quote from: Laura2003 on March 22, 2024, 05:30:57 AM

I saw in some comments some people dissapointed or saying poloniex is scam, what do you think?

Just to add to what the first two posters said above. I did not want to rely on Trustpilot reviews alone, so I took a look at Poloniex's reddit page and there are many dissatisfied customers complaining of their services. The scam accusations against them are overwhelming and not looking good.

https://www.reddit.com/r/poloniex/s/mmZsEXSFJD

https://www.reddit.com/r/poloniex/s/lFUDftiRU9

Aside Poloniex, there are many other reputable CEXs you can settle for. If Binance, Kucoin or OKX are allowed in your jurisdiction then I'd suggest you use either of them.

goldkingcoiner

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Quote from: Laura2003 on March 22, 2024, 05:30:57 AM

I saw in some comments some people dissapointed or saying poloniex is scam, what do you think?

Stay away from centralized exchanges. They will find ways to extort your KYC as well as your money from you. And they will probably sell your data (passport and so on...) and they will claim it was due to a "hack" to avoid responsiblity.

I have had no issues with Poloniex but they do tend to disable coins for weeks without warning, which sends the price down hard because the trading volume and liquidity of Poloniex is really low. Especially during bull runs. So it might not be a scam but it is sketchy.

Quote from: alastantiger on March 22, 2024, 05:43:01 AM

Quote from: Laura2003 on March 22, 2024, 05:30:57 AM

I saw in some comments some people dissapointed or saying poloniex is scam, what do you think?

I have never used them from from looking at trust pilot reviews, it turns out that when they started around 2014 they used to be great in terms or their services, deposit and withdraws but recently the reviews about them falls between a shitty service and scam. A lot of their users are complaining about being unable to withdraw their funds after a period of time. They are disappointed, frustrated and have regrets.
Here is their review - https://www.trustpilot.com/review/poloniex.com

To avoid these issues just stick with a trusted crypto exchanges use mainly the top four or five but with extreme caution. Check coinmarketcap for their rankings.

It would seem that Trustpilot is not trustworthy when it comes to reviews. Look at the Binance, Mexc or any other cryptocurrency exchange reviews. Either 2 stars or lower. CEX is trash yes, but how can the reviews all be bad? And why does TP delete some reviews but not others?

Rather than a review website, it seems to be more of an extortion website to me....

cryptoaddictchie

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Quote from: Laura2003 on March 22, 2024, 05:30:57 AM

I saw in some comments some people dissapointed or saying poloniex is scam, what do you think?

As far as I know poloniex is affiliated or owned by Justin Sun if its true then its a legit one. That guy maybe shabby enough but his a legit prominent person in crypto. Never used poloniex as far as I remember cause it was an old exchange since then but I think they are legit cex.

MAAManda

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Quote from: Laura2003 on March 22, 2024, 05:30:57 AM

I saw in some comments some people dissapointed or saying poloniex is scam, what do you think?

I used this exchange a few years ago and never had any problems from my side, but don't know that now because I never use it anymore. And as @alastantiger said, according to the Poloniex Trustpilot page there are lots of bad reviews about them, even those reviews happened recently. So it's better to avoid this exchange, there are tons of better top-tier exchanges like Binance, KuCoin, Gate.io, MEXC and others.

alastantiger

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Quote from: Laura2003 on March 22, 2024, 05:30:57 AM

I saw in some comments some people dissapointed or saying poloniex is scam, what do you think?

I have never used them from from looking at trust pilot reviews, it turns out that when they started around 2014 they used to be great in terms or their services, deposit and withdraws but recently the reviews about them falls between a shitty service and scam. A lot of their users are complaining about being unable to withdraw their funds after a period of time. They are disappointed, frustrated and have regrets.
Here is their review - https://www.trustpilot.com/review/poloniex.com

To avoid these issues just stick with a trusted crypto exchanges use mainly the top four or five but with extreme caution. Check coinmarketcap for their rankings.

Laura2003

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I saw in some comments some people dissapointed or saying poloniex is scam, what do you think?

Topic: Is poloniex safe? - page 2. (Read 338 times)