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Topic: Poloniex discussion (Read 2420 times)

hero member
Activity: 729
Merit: 545
March 05, 2017, 10:56:58 AM
#27
Do you want volume, ui and profit ? Take poloniex.
Do you want security ? Take Kraken.

It's simple as this.

Poloniex :
  Pros :
    - Really nice UI
    - Good api
    - Remove shitty coins
    - Insane volume
  Cons :
    - Weak security (they have been hacked multiples times)
    - No bug bounty program
    - They have also been vulnerable to ddos multiple times

Kraken :
   Pros :
     - High security (never hacked, no weakness indicator)
     - Bug bounty program
     - Good volume
   Cons :
     - Bad ui (my opinion)
sr. member
Activity: 1400
Merit: 269
March 03, 2017, 12:10:22 AM
#26
I think poloniex manage to comeback despite being hacked because they've increased the fees in trading and with withdrawals although their fees in withdrawing in much less than bittrex.
And they have user friendly GUI easy to use, they've gained trust when they have manage to pay users their money back from the hack and does have the most popular alt coins.
sr. member
Activity: 244
Merit: 250
February 16, 2017, 05:26:03 AM
#25
How did Poloniex become the biggest altcoin exchange despite being hacked?

Was it the services or? Asking to learn

They were very honest, and promised to pay the money back to every people who lost the money. After XMR, ETH huge pump on poloniex, it became the best altcoin exchange.
sr. member
Activity: 1022
Merit: 277
★Bitvest.io★ Play Plinko or Invest!
February 15, 2017, 04:57:40 PM
#24
I dont know guys but poloniex charge like 10k satoshis fee as fixed withdrawal fee. Did you guys had any tx(withdrawal) that took more than a day to be confirmed?
hero member
Activity: 1288
Merit: 508
Leading Crypto Sports Betting & Casino Platform
February 02, 2017, 04:28:51 AM
#23
I have been trading in for more than a year now, till now i din't face any problem through it. There service is really very fast in the form of withdrawals  and support system. They won't all the coins in the poloniex exchange, only selected coin which has good reputation so it will generate higher volumes.
legendary
Activity: 3122
Merit: 1398
For support ➡️ help.bc.game
February 01, 2017, 03:32:54 PM
#22
How did Poloniex become the biggest altcoin exchange despite being hacked?

Was it the services or? Asking to learn

Poloniex did able to catch up and back again to the track. After those problems experienced in this exchange site, they well developed their whole system and works on how to deal properly with their customer.

As you can see, like others mentioned here already, they have a good suppport which one of the major factor why people will consider to use an exchange. Since response is quick, people have an assurance that their concern will able to handled properly without even waiting for so much days like other exchanges is doing. Aside from that, they are establishing a good percentage of volume everyday which traders wants.
sr. member
Activity: 1022
Merit: 277
★Bitvest.io★ Play Plinko or Invest!
February 01, 2017, 11:46:31 AM
#21
How did Poloniex become the biggest altcoin exchange despite being hacked?

Was it the services or? Asking to learn

Didn't thought polo has ever been hacked.
hero member
Activity: 560
Merit: 500
February 01, 2017, 11:43:10 AM
#20
There is no safety when someone else holding yours private keys. Wink
It is just a matter of time when will something happen, Polo and Trex still are resistant on hackers and this is amazing.
But future lies on decentralised p2p exchanges, where human error and greed cannot harm you so much, as we had few mentioned cases.
legendary
Activity: 2366
Merit: 1130
January 31, 2017, 08:29:40 AM
#19
i am agree that poloniex is the best market exchange but sometimes i am having problem with their support system, they need more than 2x24 hours before they reply the ticket sometimes more than 2x24 hours and i think if they can fix this, poloniex will be more than the best market exchange.
I was faced a problem when i used poloniex. When i sent them a support ticket, i haven't wait until 2x24 hours to get a reply from them (actually i got it in less than 1 day). But, when i replied them for 3rd, i got the answer after 2 weeks, i have waited him patiently, then my problem was solved.

How did Poloniex become the biggest altcoin exchange despite being hacked?

Was it the services or? Asking to learn
Or because they are just listed some of good alt coins?
hero member
Activity: 2870
Merit: 574
Vave.com - Crypto Casino
January 30, 2017, 09:49:56 PM
#18
i am agree that poloniex is the best market exchange but sometimes i am having problem with their support system, they need more than 2x24 hours before they reply the ticket sometimes more than 2x24 hours and i think if they can fix this, poloniex will be more than the best market exchange.
sr. member
Activity: 294
Merit: 250
January 30, 2017, 09:05:30 PM
#17
Poloniex's owner and management team is wise one, they listed best coins, they grabbed the market share of mintpal, cryptsy, bittrex, and they noticed xpy is scam, they declined its listing. Polo's xmr, eth, etc made poloniex so much money and popularity, that is why it is the NO.1 exchange.
sr. member
Activity: 574
Merit: 252
January 29, 2017, 01:11:07 PM
#16
remember hacks happen everywhere. Yahoo was hacked and they found out a couple of months ago sending everyone Email that "we leaked all your personal information! change your password now!".
Hacking a website is nothing new and so does yahoo and other major sites the only loss is their revenue and the privacy but when a hack happens in an exchange it is a different perspective as the users as well as the company loses the money and the amount lost will run into millions ,so they have to come up with more security measures in order to prevent those hacks happening in the future.
legendary
Activity: 2590
Merit: 1022
Leading Crypto Sports Betting & Casino Platform
January 29, 2017, 12:03:27 PM
#15
the hack happened in 2014, equivalent of 20+ years after conversion from Bitcoin time to real world time, so no one remembers it, and people go to make business where people are already making business

also they being hacked and surviving shows that they are resilient to such attacks and would probably not fall apart

No it's not because of that it's not because people have forgot about it that poloniex is now a good exchange, it's because the poloniex dev despite the hack was able to refund a great amount of the hacked coin, this rised the trust on the dev of the exchange and people started to trade again, trust is everything here, if you can provide a good one everything else does not matter
legendary
Activity: 2730
Merit: 1288
January 29, 2017, 11:44:31 AM
#14
How did Poloniex become the biggest altcoin exchange despite being hacked?
I think you are talking about this hack on 2014 http://www.coindesk.com/poloniex-loses-12-3-bitcoins-latest-bitcoin-exchange-hack/

Actually they have only lost 12% of their total bitcoins which is not a big amount at those days. I think they been able to pay back after increasing fees on trading.

That is only way to success if you are an bank or an exchange, so you store others peoples money. If Mt.Gox would return all money it would still exist today.  Being able to return money to their customers mean that if similar incidents happen again they will most likely solve it same way.

It seems I was lucky and started trading on Poloniex few months after the hack.  Altho would get repayed still did avoid all drama.
legendary
Activity: 2436
Merit: 1008
January 29, 2017, 11:41:24 AM
#13
How did Poloniex become the biggest altcoin exchange despite being hacked?

Was it the services or? Asking to learn

Because of their coin policy that's why only altcoins with high volume was listed there and excluded those shit ones. Other exchanges have that same rule too but it's really different when it comes to Poloniex. Since altcoin traders mostly preferred this exchange, it was just passed to the next generation so new users are being referred to use this exchange site.

And right after those hacking issue, they are back on track now without any other big issues encountered since then.
legendary
Activity: 1652
Merit: 1088
CryptoTalk.Org - Get Paid for every Post!
January 29, 2017, 11:33:18 AM
#12
How did Poloniex become the biggest altcoin exchange despite being hacked?

Was it the services or? Asking to learn

Mintpal died and then Cryptsy died and lots of traders then migrated to Poloniex because was one of two big exchanges still standing (the other was Bittrex). Poloniex had a slight edge over Bittrex in that it allowed margin trading for some coins.
legendary
Activity: 2660
Merit: 1074
January 29, 2017, 09:35:17 AM
#11
the hack happened in 2014, equivalent of 20+ years after conversion from Bitcoin time to real world time, so no one remembers it, and people go to make business where people are already making business

also they being hacked and surviving shows that they are resilient to such attacks and would probably not fall apart
hero member
Activity: 1456
Merit: 579
HODLing is an art, not just a word...
January 29, 2017, 07:53:45 AM
#10
there actually is nothing special about poloniex in my opinion and the only reason why they are on top is because of the massive amount of pumps that take place there. any pumper or pumping group go to poloniex to pump shitcoins, and this process attracts a huge volume of bitcoin being traded against that pumping coin which increases the volume and the rank of the the exchange in different lists.

so if a newbie wants to choose an exchanger (@Spoetnik Wink) he chooses the first one.
hero member
Activity: 630
Merit: 500
January 29, 2017, 07:39:42 AM
#9
Poloniex understand the business side and the workings of exchanges better than others, there is a reason why they don't have a fiat trading against BTC due to regulations, they didn't enforce KYC for traders once your withdrawal is below $2000 per day, they didn't get greedy with margin trading and so many other things.
legendary
Activity: 1540
Merit: 1011
FUD Philanthropist™
January 29, 2017, 03:38:09 AM
#8
Off hand i think they robbed users from Mintpal and Cryptsy etc..
Problems with the others led users to migrate elsewhere.
A pattern that still repeats.

Treat people like crap and they move to another service.

Note:
I am not a big fan of Poloniex.

PS:
I noticed a rash of newer users over the last 6 months showing up.. all noobs.
Saying "Exchanger" with often sketchy / broken English.
It's.. Exchange
As in "New York Stock Exchange" ..not "New York Stock Exchanger"  Cheesy

Reminds me of people who say that slut did a "porn" ..it's PORN'O'  Roll Eyes

PPS:
I was tempted to report this topic.
You all are seriously stupid at following the rules here.
Never mind the daily re-posting of the same dumb topics.
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