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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 | Paribu |
|---|---|---|
|
Poloniex allows for relatively small minimum trade amounts, which is ideal for new traders looking to experiment with minimal investment. |
Minimum Trade |
Paribu allows trading with very low minimum thresholds, making it accessible for beginners and those with limited capital. |
|
Known for competitive, low trading fees, Poloniex is an excellent choice for cost-effective trading. |
Trading and Transaction Fees |
Paribu’s fees are slightly above average, but it offers reductions for higher volume traders, balancing cost with trading activity. |
|
Offers a broad range of cryptocurrencies, although not as extensive as some larger exchanges. |
Number of Cryptocurrencies |
Paribu offers a moderate variety of cryptocurrencies, primarily focusing on major ones, which might limit options for those looking to trade less common coins. |
|
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 has limited crypto-to-crypto pairs, focusing mainly on fiat to crypto transactions, which could be a downside for versatile traders. |
|
While Poloniex provides essential information, there could be more detailed disclosures about security practices and fund storage. |
Website Transparency |
The website provides clear information about trading conditions and fees, though some details about governance and operations could be more comprehensive. |
|
Poloniex does not offer an exchange card for in-store purchases. |
Credit/Debit Card |
As Paribu focuses primarily on cryptocurrency trading within the Turkish market, the absence of an exchange card limits the utility and flexibility for users seeking integrated financial services like spending crypto directly for purchases or earning rewards. This could be an area for potential development to enhance user engagement and overall platform utility. |
|
Offers secure storage options, but lacks some advanced features like insured custodial services. |
Storage Offering |
Offers secure storage solutions, but lacks some advanced security features like multi-sig wallets or insurance on assets. |
|
Offers some staking options, but the rewards and variety are not as competitive as other leading exchanges. |
Staking and Rewards |
Limited staking options are available, which might not cater to users looking to earn through staking or participation in network security. |
|
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 platforms are user-friendly and well-designed, offering good usability but lacking some advanced trading tools. |
|
Customer service is available, but response times and the quality of support have room for improvement. |
Customer Service |
Excellent customer service with 24/7 availability and multiple support channels, including direct responses. |
|
Deposits and withdrawals are handled efficiently, though primarily limited to cryptocurrencies which might limit accessibility for some users. |
Deposit and Withdraw |
Offers multiple deposit and withdrawal methods but can improve by adding more international options and reducing fees for certain transactions. |
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.
We help you invest in the crypto market in the safest way possible.
Threenvest was born by and for you. Our mission is to help you invest in the cryptocurrency market in the easiest and safest way possible. And how do we make money? Very simple, every time you click on any of the platforms that we recommend, it is possible that we get an income. We do not work with unsafe platforms, our standard is only to recommend platforms where we would invest our money ourselves.
© All rights reserved 2024 | Threenvest I/S