P.net Exchange company background, security, platform features, global rankings and introduction to advantages and disadvantages

P.com is a cryptocurrency exchange established in 2014, providing a wide range of trading pairs, advanced features and high liquidity. Although PNet adopts security measures, it has experienced many hacker attacks. Despite this, it remains the 19th-ranked exchange in the world, but suffers from high transaction fees, slow customer service response times, and unclear regulations.

P Network Exchange

Company Background

P Network (Poloniex) is a cryptocurrency exchange headquartered in Delaware, USA, established in 2014. Founded by Tristan D'Agosta and Jeff Dodd, the exchange was originally acquired by Circle but was acquired by the Tron Foundation in 2019.

Security

P Network uses multiple security measures to protect user funds, including:

• Double Authentication (2FA)
• IP Whitelist
• Cold Storage Wallet
• Anti-Money Laundering (AML) and Anti-Terrorism Financing (CTF) Policy

Despite these measures in place, PNet has experienced several hacker attacks in the past, including a 2014 incident that resulted in approximately $12 million in losses.

Platform Features

P Network provides a wide range of cryptocurrency trading pairs, including Bitcoin, Ethereum, Litecoin and Dogecoin. The platform also offers the following features:

• Margin Trading:Trade using leverage
• Spot Trading:Buy and sell cryptocurrencies instantly
• Futures Contracts:Buy and sell cryptocurrencies at a specific price on a specific date in the future
• P2P Trading:Trade directly with other users

Global ranking

According to data from CoinMarketCap, P.net is the 19th largest cryptocurrency exchange by trading volume.

Pros

• Wide currency selection:Over 300 cryptocurrency trading pairs available
• Advanced trading features:Margin trading, futures contracts and P2P trading
• User-friendly interface:Easy to get started Used by academics and experienced traders
• Higher Liquidity:Usually high trading volumes, reduced slippage and execution delays

Cons

• Hack History:Experienced several attacks against their platform Hacking
• Higher Fees:Trading fees are relatively high compared to some other exchanges
• Slow Customer Service Response Time:Famous for slow customer service response time
• Unclear Regulation:Headquartered in United States, but regulations are unclear

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