Features- Unlimited Deposit of assets, Card purchases, Lending, Futures(10X leverage), Withdrawal up to 10000 USD/day
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.?
Also, Polonix allows users to buy crypto instantly using credit/debit cards. This is done with the integration of Simplex. Doesn't Simplex have its own set of restrictions? I remember there is a daily limit of $100 if the user is not verified. Can this be bypassed if we buy through Polonix's integration?
Further, for crypto withdrawal, there is a fixed fee for each crypto asset. For example, for BTC it is 0.0005 BTC, the TRX withdrawal fee is 0.01 TRX.
The withdrawal fee seems to be on-par with Binance which is great. Even the trading fee is on-par with the major exchanges out there.
Great read! Was a well-explained post on Poloniex!
Steem on!
No. For crypto withdrawal with Level 1, the only condition is 10000 USD/day.
Yes, they do have restrictions, I have already mentioned that in the note.
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.
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.
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
You can reduce the trading fees by 25% if you use TRX balance to pay the trading fees.
Thanks