Hi Everyone,
Today I want to share the experience that I had using Poloniex and Bittrex
The first trading market that I ever used outside the entry level (Coinbase) was Poloniex. Main reason was that a certain youtuber which I follow is using it as well. I created an account easily and I was able to transfer my partial bitcoin easily in to it. It took about 12 min for the transfer to complete and there I was ready for shopping.
This is the pros and cons I experienced, please free to comment your experiences and I will add them
Pros
- Poloniex has 65 available coins to trade!
- 3 different Markets (BTC, ETH, XMR and USDT).
- You can see a chart with Candles (very useful)
- You have 3 Options (BUY, STOP LIMIT, SELL)
- You can see the SELL and BUY Orders
- You can See Market Depth,Trade History and your open Orders
- Easy to understand
- Easy to create account
Cons
- Does not have major coins like Iconomi, Numeraine, Antshares and more...
- Hard to move up to Levels (still level 1, 15 days in)
- Low withdrawal limit in Level 1
When I realized that I want to trade other coins as well I created an account on Bittrex. It took a little bit more time but to get to Tier 3 was extremely fast. So this is my output:
Pros
- It has 188 Coins to Exchange!
- You can see a chart with Candles (very useful)
- Easy to create account
- Fast Verification to Tier 3 (Withdrwal 25K)
- You can see the SELL and BUY Orders
- You can See Trade History and your open Orders
- Good Til Cancel and Immidiate or Cancel order
Cons
- Only 3 exchange Markets (BTC, ETH, USDT)
- Complicated platform
To be clear this is only based on my experience. Please add your on the comments and I will adjust the pros and Cons respectfully!