When I first started trading altcoins, Poloniex was the place to be. They didn't have a huge selection, just about 25 of the top coins based on trade volume. Since then, they have added and removed several coins and markets. At the time of writing this, aside from USD trades, they have a Bitcoin, Ethereum and Monero marketplace. More power to you Polo. I have also discovered other exchanges...and use them a LOT more than my one-time favorite Poloniex.
Several problems have arisen recently with Poloniex. Two major ones I cannot agree with and as such, they have fallen very far down on the list of exchanges I frequent. One thing I despise is the speed of site. It has just gotten horrible! It took me almost 45 minutes to make a single trade the other day and that is just not conducive to the hostile markets of cryptocurrency.
My biggest beef as of late though is this...I CANNOT WITHDRAW MY STEEM. They claim the platform needs to update, which is horse doo-doo because I can make a withdrawal from Bittrex and have it in my chosen wallet or sent elsewhere within 5 minutes. Poloniex are the ones that need to get their ducks in a row.
So, now, as you can probably guess, I am using Bittrex and Cryptopia much more. If anyone has a positive experience with other platforms, please let me know!
You're not alone. Polo was my goto exchange for a long time, only using other exchanges when something wasn't being traded on polo.
Each week there is more fud from polo regarding wallets that need updating or intervention from developers. I am very skeptical of the excuses since like you pointed out, other exchanges aren't having problems with withdrawals.
I don't know what their as angle is but time has come to be very leary of leaving large amounts there.
I forget where I read it, but I came across an article that said when Ethereum exploded, so did their trade volume and they were not ready. Which makes sense. I imagine they are severely understaffed, they even dropped the trollbox to increase streamability, but I just don't think their servers were prepared to handle all the traffic.
Thanks for sharing!
Sure thing doll!
Great post. I thought Steemit earning could be withdrawn or exchanged via poloniex
As of the time of this post (and 8 hours later on this comment), you can buy STEEM there, you can sell #STEEM there (if it is already in your wallet there) but you cannot withdraw any STEEM .
I've got a little stash over there I was going to use to power up today...which inspired the post ;)
Yeah...polo has been creepy lately
Sad but true friend...sad but true.
Congratulations @enginewitty! You have completed some achievement on Steemit and have been rewarded with new badge(s) :
Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here
If you no longer want to receive notifications, reply to this comment with the word
STOP