Is P Net (Poloniex) Exchange a formal exchange? What is the ranking of P Net (Poloniex) Exchange?

Poloniex is a legitimate cryptocurrency exchange ranked 30th based on trading volume, known for its wide selection of tokens, low trading fees, and strong security measures.

Is Poloniex a formal exchange? How does it rank?

Poloniex’s formality

Poloniex isa formal cryptocurrency exchange, headquartered in the United States. Founded in 2014, it is one of the oldest and most well-known cryptocurrency exchanges in the world. Poloniex is registered as a Money Services Business (MSB) with the U.S. Financial Crimes Enforcement Network (FinCEN) and complies with all applicable laws and regulations.

Poloniex’s Ranking

According to data from CoinMarketCap, Poloniex is rankedthe 30thcryptocurrency exchange based on trading volume. It is known for its wide selection of coins, low transaction fees, and strong security measures.

Other key information about Poloniex

• Supported currencies:Supports over 300 cryptocurrencies and fiat currencies
• Transaction fees:0.15% maker fee, 0.25% taker fee
• Deposits and Withdrawals:Supports bank wire transfers, credit/debit cards, stablecoins and cryptocurrency deposits and withdrawals
• Security Measures:Includes two-factor authentication, cold storage wallets and Anti-Money Laundering/Know Your Customer (AML/ KYC) Procedure

Conclusion

Poloniex is a legitimate and top-ranked cryptocurrency exchange that offers traders a wide selection of tokens, low trading fees, and strong security measures.

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