Your expert: Alejandro Borja
Investing risks losing your money
Your expert: Xavier Tarrasó
Investing risks losing your money
Fees
Earns
Customer service
Fees
Earns
Customer service
Beginners
Trading
Passive income
Buy and hold
Beginners
Trading
Passive income
Buy and hold
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| Poloniex | FEATURES | Coins.Ph |
|---|---|---|
|
Poloniex allows for relatively small minimum trade amounts, which is ideal for new traders looking to experiment with minimal investment. |
Minimum Trade |
The minimum trade amount varies by cryptocurrency, with popular currencies like Bitcoin having very small minimum requirements, allowing for micro-transactions. |
|
Known for competitive, low trading fees, Poloniex is an excellent choice for cost-effective trading. |
Trading and Transaction Fees |
Coins.ph charges competitive rates, typically lower than many other licensed exchanges in the region. This includes a spread on buy/sell transactions and minimal fees for crypto transfers. |
|
Offers a broad range of cryptocurrencies, although not as extensive as some larger exchanges. |
Number of Cryptocurrencies |
Coins.ph offers over 50 cryptocurrencies, providing a diverse range of options for traders. |
|
Provides a wide variety of trading pairs, allowing for versatile trading strategies but could expand to include more rare or emerging tokens. |
Crypto-to-Crypto Trading Pairs |
The platform supports numerous trading pairs involving major cryptocurrencies and Philippine Pesos, catering extensively to local market needs. |
|
While Poloniex provides essential information, there could be more detailed disclosures about security practices and fund storage. |
Website Transparency |
The Coins.ph website provides clear information on fees, processes, and security measures, enhancing user trust and compliance transparency. |
|
Poloniex does not offer an exchange card for in-store purchases. |
Credit/Debit Card |
Coins.ph does not offer an exchange card for in-store purchases. |
|
Offers secure storage options, but lacks some advanced features like insured custodial services. |
Storage Offering |
Coins.ph offers a secure digital wallet service with robust security measures including 2FA. Highly secure with a user-friendly interface. |
|
Offers some staking options, but the rewards and variety are not as competitive as other leading exchanges. |
Staking and Rewards |
Currently, Coins.ph does not offer staking services for earning rewards on crypto assets. This is a significant area for potential growth and user engagement. |
|
Both the mobile app and desktop platform are user-friendly and reliable, though some users may find them less feature-rich compared to those of top competitors. |
Mobile App and Desktop |
Both mobile and desktop interfaces are available, with the mobile app being particularly praised for its user-friendly design. Excellent accessibility and usability across devices. |
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Customer service is available, but response times and the quality of support have room for improvement. |
Customer Service |
Known for its effective customer service with multiple channels including live chat and email support. While generally good, there is room for faster response times and extended support hours. |
|
Deposits and withdrawals are handled efficiently, though primarily limited to cryptocurrencies which might limit accessibility for some users. |
Deposit and Withdraw |
Users can easily deposit and withdraw funds using various methods including bank transfers, credit/debit cards, and even through physical retail partners. Highly accessible but could benefit from reduced fees and faster processing times for certain methods. |
At Threenvest, we conduct a thorough review process to evaluate and rank the world’s leading crypto exchanges. Our goal is to offer an unbiased assessment, providing you with the information you need to make informed decisions on which ones best suit your needs. We strictly adhere to the guidelines of our editorial policy.
We collect data directly from exchanges through detailed questionnaires and conduct first-hand testing and observations during crypto exchange demonstrations. Questionnaire responses, combined with demonstrations and hands-on research from our experts, feed into our proprietary evaluation process that scores each provider’s performance on more than 15 factors. The end result produces star ratings ranging from poor (one star) to excellent (five stars).
For more details on the categories considered when rating brokers and our process, read our full methodology.
Investing in cryptocurrencies is very risky, you should only invest the money you are willing to lose. Also you should not expect to be protected if something goes wrong.
Neither Threenvest, nor the author, are recommending you to invest with this article.
