Poloniex Adds 19 Fiat Currencies to Buy Bitcoin on Platform

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Parth Vig
Parth Vig is a Management student, and a keen observer of Cryptocurrency and blockchain technology, his interest in writing brings him to thecoinrepublic.com, He believes that he has many ideas that he pens down and he feels it would be a great asset for any kind of creative writing.
  • Poloniex exchange gives the option to buy BTC using 19 different fiat currencies.
  • In the registration process, the new user can expand the limit of withdrawal by providing more private information with multiple proof of identification.
  • It provides the largest amount of trading in Bitcoins.

Poloniex exchange now adds the option for the users to buy Bitcoin and other cryptocurrency using credit card or debit card with the following fiat currencies USD, EUR, AUD, CAD, CHF, CZK, DKK, GBP, HUF, ILS, JPY, KRW, NOK, NZD, PLN, RUB, SEK, TRY, and ZAR.

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Poloniex is a global decentralized crypto-to-crypto exchange headquartered in Seychelles, founded in 2014. It was recorded in February 2020 that it has over 100 markets available for spot trading, margin trading, lending, and staking with other included features.

Poloniex allows users to trade on the web, Android, iOS, Websocket, and HTTP APIs. It currently has 101 cryptocurrencies listed on its decentralized exchange. Tristan D’Agosta is the current CEO of the decentralized exchange platform and has been reigning since 2014.  

Poloniex Adds New Fiat Options

It provides the largest amount of trading in Bitcoins. Initially, the platform was created for the US market but, with growing popularity and trading sales figures, it began welcoming trading from all over the world. The daily transaction rate and movement of funds have now reached about $989 million.

Poloniex or Polo DEX offers its customer’s industry level security by the use of two-factor authentication, with features of analytical and technical tools, low transaction fees (from 0 to 0.25%) and more than 140 possibilities for exchange.

In the registration process, the new user can expand the limit of withdrawal by providing more private information with multiple proof of identification. The main feature of Poloniex is that the system doesn’t work with fiat currencies and, as a result, users trade using altcoins.

More and more decentralized are yet to emerge in this wide industry of crypto, many self-developed organizations are already working to create the next generation decentralized exchange.

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