Post
Topic
Board Trading Discussion
Re: Which exchange is best for crypto-to-crypto trades with no KYC and low fees?
by
btcinfo891
on 01/01/2024, 12:22:43 UTC
Poloniex is very bad exchange to use.

I joined this market in 2017 and actually experienced months with very shady and terrible technical operations of Poloniex. They did not prepare their infrastructures to meet massive new customer flow into their exchange. Their exchange was super laggy and sometimes even could not access. They arbitrarily put their exchange on maintenance mode without prior announcement/ notification to their customers.

When their customers got access to their accounts, after maintenance, if they had active margin orders, mostly those orders were forcefully closed, accounts were liquidated.

Later, Poloniex was acquired by Justin Sun who is not a man I can trust.

Regarding them being shady, that is probably true, but I cannot think of a non-shady CEX off the top of my head. Actually I consider the KYC-only exchanges like Binance much shadier than the CEXes where KYC is optional.

Do you have a non-KYC CEX that you could recommend instead of Poloniex?