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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 | Valr |
|---|---|---|
|
Poloniex allows for relatively small minimum trade amounts, which is ideal for new traders looking to experiment with minimal investment. |
Minimum Trade |
VALR allows relatively low minimum trades, making it accessible for beginners to start trading without requiring large initial investments. |
|
Known for competitive, low trading fees, Poloniex is an excellent choice for cost-effective trading. |
Trading and Transaction Fees |
One of VALR’s strongest features is its competitive fee structure, which ranks among the lowest in the industry, benefiting all types of traders. |
|
Offers a broad range of cryptocurrencies, although not as extensive as some larger exchanges. |
Number of Cryptocurrencies |
The exchange offers a wide selection of cryptocurrencies, providing ample opportunities for diversification. |
|
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 |
VALR supports a broad range of trading pairs, allowing users to trade directly between various cryptocurrencies without needing to convert to fiat. |
|
While Poloniex provides essential information, there could be more detailed disclosures about security practices and fund storage. |
Website Transparency |
While VALR generally provides clear information, some users might find details regarding certain policies and operational procedures could be better highlighted. |
|
Poloniex does not offer an exchange card for in-store purchases. |
Credit/Debit Card |
The VALR card integrates seamlessly with the exchange, providing convenient access to funds and attractive rewards, enhancing the overall utility of the platform for everyday transactions. |
|
Offers secure storage options, but lacks some advanced features like insured custodial services. |
Storage Offering |
VALR offers secure storage options including cold storage, ensuring high security for stored digital assets. |
|
Offers some staking options, but the rewards and variety are not as competitive as other leading exchanges. |
Staking and Rewards |
The platform provides competitive staking options and rewards, making it attractive for users looking to earn passive income. |
|
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 |
VALR offers both mobile and desktop platforms that are user-friendly and feature-rich, facilitating trading on-the-go as well as from a desktop setup. |
|
Customer service is available, but response times and the quality of support have room for improvement. |
Customer Service |
While available, customer service response times can be slow, which might frustrate users, especially those needing urgent support. |
|
Deposits and withdrawals are handled efficiently, though primarily limited to cryptocurrencies which might limit accessibility for some users. |
Deposit and Withdraw |
Deposits and withdrawals are facilitated smoothly, but improvements can be made in terms of speed and the variety of supported currencies and 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.
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