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Poloniex VS BitGo

Compare Poloniex VS BitGo and see what are their differences

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Contents:
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  2. » Videos
  3. » Reviews
  4. » Alternatives

Poloniex logo Poloniex

US-based cryptocurrency exchange with maximum security

BitGo logo BitGo

BitGo is a security-as-a-service provider for Bitcoin and digital currency.
  • Poloniex Landing page
    Landing page //
    2023-09-17
  • BitGo Landing page
    Landing page //
    2023-10-19

Poloniex features and specs

  • Wide Range of Cryptocurrencies
    Poloniex offers a diverse range of cryptocurrencies for trading, including many altcoins that may not be available on other exchanges.
  • Competitive Trading Fees
    Poloniex provides competitive trading fees that can be lower than those on some other exchanges, especially for high-volume traders.
  • Advanced Trading Features
    Poloniex includes advanced trading features such as margin trading and lending, catering to more experienced traders.
  • User-Friendly Interface
    The platform has a user-friendly interface that is generally easy to navigate, making it accessible for beginners.
  • API Support
    Poloniex offers comprehensive API support, allowing developers to create custom trading bots and tools.
  • Security Measures
    Poloniex employs various security measures, including two-factor authentication, to help protect user accounts.
  • Customer Support
    The exchange provides multiple channels for customer support, including a help center, live chat, and a ticketing system.

Possible disadvantages of Poloniex

  • Past Security Issues
    Poloniex has faced security breaches in the past, which has affected its reputation despite improvements in security measures.
  • Regulatory Uncertainty
    The exchange operates in a legal gray area in some jurisdictions, which may pose risks related to regulatory changes.
  • Withdrawal Limits
    There are withdrawal limits in place based on account verification levels, which can be inconvenient for some users.
  • Lack of Fiat Currency Support
    Poloniex primarily deals in cryptocurrencies and does not offer direct trading with fiat currencies, which can be limiting for some users.
  • Variable Liquidity
    Liquidity can vary significantly across different trading pairs, which might impact trading effectiveness, especially for lesser-known cryptocurrencies.
  • Customer Complaint Handling
    Some users have reported slow resolution times for customer service issues, which can be frustrating during critical trading periods.

BitGo features and specs

No features have been listed yet.

Analysis of Poloniex

Overall verdict

  • Poloniex is generally considered a reliable cryptocurrency exchange, but opinions vary depending on user experiences and individual needs.

Why this product is good

  • Cons
    ["Poloniex has faced criticism in the past for customer support issues, although efforts have been made to improve this aspect.", "Regulatory compliance is a common concern, as it's important for the platform to adhere to the regulations of different jurisdictions.", "Some users have reported issues with system lag and downtime during periods of high trading volume."]
  • Pros
    ["Poloniex offers a wide variety of cryptocurrencies for trading, providing users with diverse options.", "The platform has a user-friendly interface, making it accessible for both beginners and experienced traders.", "Poloniex provides advanced trading features like margin trading and lending options, catering to professional traders.", "The exchange has a history of improving its security measures to protect user assets."]

Recommended for

  • Cryptocurrency traders who prioritize a wide selection of altcoins.
  • Users looking for a platform with advanced trading options, such as margin trading.
  • Individuals comfortable with navigating potential customer service challenges.

Poloniex videos

+ Add

Poloniex In Depth Exchange Review Part 1 - #Cryptotrader

More videos:

  • Tutorial - Poloniex review - How to trade on Poloniex & make money lending bitcoin
  • Review - Is the Poloniex Cryptocurrency Exchange a Scam? MUST WATCH

BitGo videos

+ Add

BitGo - The Leader in Digital Assets Financial Services

More videos:

  • Review - BitGo CEO on the future of bitcoin
  • Review - Create Your Own Bitcoin Wallet Without Any Hardware Using Bitgo!

Category Popularity

0-100% (relative to Poloniex and BitGo)

Poloniex

BitGo

Cryptocurrencies
88 88%
Cryptocurrencies
12% 12
Crypto
87 87%
Crypto
13% 13
Cryptocurrency Exchange
100 100%
Cryptocurrency Exchange
0% 0
Fintech
0 0%
Fintech
100% 100

User comments

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Reviews

These are some of the external sources and on-site user reviews we've used to compare Poloniex and BitGo

Poloniex Reviews

We have no reviews of Poloniex yet.
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BitGo Reviews

15 Best Koinly Alternatives 2022
Unlike Koinly, BitGo focuses on serving institutional clients and has been operating since 2013. BitGo strikes an excellent balance between security and accessibility with its hot, warm, and cold wallet solutions.
Source: rigorousthemes.com

Social recommendations and mentions

Based on our record, Poloniex should be more popular than BitGo. It has been mentiond 5 times since March 2021. We are tracking product recommendations and mentions on various public social media platforms and blogs. They can help you identify which product is more popular and what people think of it.

Poloniex mentions (5)

  • Request for people experienced with lawyers subpoenaing Polonium
    Hey guys, I would need to know if anybody has had experiences with a lawyer that did subpoena Polonium, specifically the former US corporation Poloniex LLC in Boston, MA, USA. We need them to help us identifying the holder of a wallet hosted on their website back in 2017 because that wallet received stolen Bitcoins that belonged to us. I understand that some years ago they moved to Panama, but I believe that the... Source: over 2 years ago
  • How do I recover my money from gmoglobal.com scam ,gmoglobal.vip scam , gmoglobal.top scam, and DirectEdge Scam
    It is crazy to think these scammers can still contact me after I have recovered my money from them. They used https://www.polex-pro.com/dist/#/ to contact me with the hope I would invest . Note that this is a clone of the main site https://poloniex.com/. I hope people out there know that www.polex-pro is a scam and clone of the original site poloniex.com . Source: almost 3 years ago
  • So you’ve learned the basics of bitcoin,
    High-volume exchanges include Coinbase, Bitfinex, Bitstamp and Poloniex. For small amounts, most reputable exchanges should work well. Source: about 4 years ago
  • Is Poloniex.com safe?
    I'm new to the Community and very happy to be here... I wanted to know is poloniex.com for dogelon? I have over 500 million there. Thanks. Source: about 4 years ago
  • Dogecoin starter experience
    I tried Poloniex, which again took too much fees for sending away coins, also their option to sell-to-fiat, was eventully a coin-send to Simplex which costed me 25€ in Bitcoins, plus additional 5€ for withdrawing my Fiat via SEPA. Source: about 4 years ago

BitGo mentions (2)

  • Help Recover money lost to ibitgo365 scam.
    Ibitgo365.com is a clone of the original website bitgo.com. I wrote to bitgo.com and they told me that ibitgo is not affiliated with them and it is a clone. I was unfortunate to fall victims to their tricks. I was desperate to recover my money from orewallet scam. In a bid to get a fast resolution I searched on telegram and foudn ibitgo365. They promised that within a few days I can get money back through... Source: almost 3 years ago
  • BITGO TRADING OPTION SCAM: CONFIRMED
    It is an attempted knock-off of bitgo.com. Source: about 4 years ago

What are some alternatives?

When comparing Poloniex and BitGo, you can also consider the following products

Coinbase - Bitcoin, safe and easy.

TaxBit - TaxBit is an advanced intelligence-based platform that allows getting the detailed overview of tax reports by interacting with digital cryptocurrency rates like Bitcoin, Ethereum, BlockFi, Coinbase, Gemini, and many more with easy-to-use exchanging …

Binance - Cryptocurrencies exchange platform

Coinbase Pro - Professional trading platform for individuals

Bitfinex - Bitfinex is the largest and most advanced crypto-currencies trading platform.

TokenTax - Crypto taxes made easy. TurboTax for cryptocurrency.

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