Poloniex

Poloniex is a spot cryptocurrency exchange. The official site presents Spot and Convert / Swap products, and the exchange direction is crypto to crypto. Funds are kept in a custodial exchange account. BTC, ETH and LTC are among the listed assets.

Verification

Verification uses an identity document plus a separate image or face check. The profile does not say what limits depend on the verification level.

Position

The profile classifies the service among crypto-to-crypto exchanges and P2P platforms. It does not describe a fiat on-ramp, card payment methods or bank rails, so users who need to deposit or withdraw fiat should confirm whether any route exists. Fee schedules, withdrawal limits, settlement times, API access and the regulatory status of the operating entity are not described either.

Who it suits

The venue suits traders who want to swap between digital assets in an exchange account. Businesses should request the operating entity, the list of served jurisdictions and the asset-safeguarding terms, and read the current fee table before moving significant balances to a custodial platform.