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RE: Poloniex: Part 1

in #poloniexspotlight • 4 years ago (edited)

For a level 1 account, I see that there is a daily limit to the withdrawal. So, is there also a monthly limit to the withdrawal that applies.?

No. For crypto withdrawal with Level 1, the only condition is 10000 USD/day.

Doesn't Simplex have its own set of restrictions?

Yes, they do have restrictions, I have already mentioned that in the note.

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Being a third party, Simplex has its own set of criteria and KYC/AML policy. So even with Level 1, you need to pass through KYC, should you buy crypto with cards.

Even the trading fee is on-par with the major exchanges out there.

I think the trading fee of Poloniex is the lowest in the segment of centralized exchanges, only 0.09% at the basic level, even better than Binance(0.1%).

Thank you.

4 years ago in #poloniexspotlight by
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     4 years ago 

    I think the trading fee of Poloniex is the lowest in the segment of centralized exchanges, only 0.09% at the basic level, even better than Binance(0.1%).

    Right off the bat, definitely the lowest! However, if we consider using BNB on Binance to pay our fee, then the trading fee on Binance goes down by 50% the first year and the discount reduces every year up to 5 years.

    Maybe, if Poloniex comes up with its own platform token in the future, we might see a fee lower than Binance in all scenarios.

    Thank you.

    #twopercent #india #affable

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       4 years ago 

      Right off the bat, definitely the lowest! However, if we consider using BNB on Binance to pay our fee, then the trading fee on Binance goes down by 50% the first year and the discount reduces every year up to 5 years.

      You can reduce the trading fees by 25% if you use TRX balance to pay the trading fees.

      Thanks

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