What is poloniex.com? How reliable is it? Is it one you should rely on for what it offers, or should you keep off from it completely? These are some of the questions that you may have already asked yourself about Poloniex if you’re reading this review. Read on to discover what this platform really is about.

• What is poloniex.com?
• Which cryptocurrencies are supported by Poloniex?
• Countries this platform is available in
• Fees charged
• The deposit and withdrawal options
• Is Poloniex Legit or is it a Scam?
• Pros and Cons

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Name of the Platform: Poloniex

Official website URL: https://poloniex.com/

Overall Rating: (1.6 / 5)

Recommended: Not Recommended

P.S:

See my number one recommended alternative to Poloniex

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What is poloniex.com?

Poloniex is a cryptocurrency exchange that was established back in 2014, by Tristan D’Agosta. The company that owns this platform is based in San Francisco, California, from where it mainly serves U.S.-based customers. The platform can be used, not only by U.S.-based crypto traders but also by traders in different parts of the world, provided they meet the set requirements.

Like most platforms in the crypto exchange industry, Poloniex has a web-based trading platform that is meant to be user-friendly. The platform has charts that come with features that enable the traders to go about their trading activities with much-desired ease. With the features on the platform, one can trade about 200+ cryptocurrency pairs.

The supported types of orders on this platform include:

• Buy order
• Sell order
• Stop limit order.

These orders can be executed as one is trading BTC, ETH, USDT, and Monero. This platform has been known to have very high Tether trading volumes, hence is one that’s worth checking out it USDT is a currency you’re interested in. Margin trading is supported on this platform, with the leverage going to as high as 2.5x for specific crypto pairs.

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Which cryptocurrencies are supported by Poloniex?

You can trade more than 60 cryptocurrencies on Poloniex, including:

• Bitcoin
• Ethereum
• Litecoin
• Ripple
• Tron
• EOS
• Monero

These coins are paired for trading (more than 200 pairs), and all that traders have to do is select their preferred crypto pairs.

Besides the regular trading, investors have the chance to invest in some of the trending and hottest cryptocurrency projects through Poloniex’s decentralized counterpart known as Poloni DEX.

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Countries this platform is available in

From the look of things, this platform is available for use on a global scope. It all depends on your preference as a trader, that is whether you prefer a platform whose services are limited to a specific geographic location, or you can rely on the ones that serve customers on a global scope.

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Fees charged

When it comes to the charging of trading fees, Poloniex utilizes the maker/taker model to ensure that there’s sufficient liquidity. Liquidity happens to be quite crucial for this platform, especially because it has to support about 80+ alt coins. For the maker and taker fees, here is what you can expect from Poloniex:

Maker Fees

• < 600 BTC – 0.15%
• 600 to 1200 BTC – 0.14%
• 1200 to 2400 BTC – 0.12%
• 2400 to 6000 BTC – 0.10%
• 6000 to 12,000 BTC – 0.08%
• 12,000 to 18,000 BTC – 0.05%
• 18,000 to 24,000 BTC – 0.00%
• 24,000 to 60,000 BTC – 0.00%
• 60,000 to 120,000 BTC – 0.00%
• > 120,000 BTC- 0.00%

Taker Fees

• < 600 BTC – 0.25%
• 600 to 1200 BTC – 0.24%
• 1200 to 2400 BTC – 0.22%
• 2400 to 6000 BTC – 0.20%
• 6000 to 12,000 BTC – 0.16%
• 12,000 to 18,000 BTC – 0.14%
• 18,000 to 24,000 BTC – 0.12%
• 24,000 to 60,000 BTC – 0.10%
• 60,000 to 120,000 BTC – 0.08%
• > 120,000 BTC- 0.05%

Since this platform also supports the lending of crypto, lenders get to earn a 15% interest for any type of loan. There are no fees that are incurred for the deposits and withdrawals.

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The deposit and withdrawal options

As of now, this platform does not support any fiat currency. Customers are only allowed to make deposits using cryptocurrencies from pre-existing wallets. The most commonly used cryptocurrencies on this exchange include Bitcoin, Dash, Ethereum, Litecoin, Monero, and Zcash. You can, as such, transfer the above cryptos (and other altcoins) to and fro your Poloniex wallet, at will. With some exchanges, you can make your deposits and withdrawals using options such as wire transfers and credit cards. As such, you can look at what the alternatives in this industry have to offer before settling on Poloniex as your go-to option.

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Is Poloniex Legit or is it a Scam?

Poloniex is in my opinion a legit trading platform that has already managed to gain the attention of a significant number of traders. The fact that it is a crypto-only platform has made it one that crypto enthusiasts can turn to, though different customers have had different experiences with the platform. Generally, however, Poloniex seems to not be satisfying most of its customers.

On Trustpilot, for instance, this platform has a rating of (1.6/5) stars, which is such a low rating compared to some of the best-performing platforms in the industry. About 79% of the customers on this platform perceive its services as being bad. Most of these users seem to be upset with the fact that the cryptocurrency transfer transactions were not successful. Most customers seem to not know their fate in terms of ever getting their funds again. I think Poloniex needs to address such matters before I recommend it as one that every crypto trader can try out. I’d otherwise recommend that you take a look at the alternative below, to see what features you can get with a reliable crypto exchange.

My #1 Recommended alternative to Poloniex

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Pros and Cons

Pros

• Sufficient liquidity
• Margin trading is supported
• It is a user-friendly platform
• A wide selection of altcoins offered

Cons

• Doesn’t support fiat currencies
• Poor customer reviews and ratings

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Do you own or represent Poloniex?

If you are a representative or associate of Poloniex have found something not to be correct in this review please, feel free to tell us and I will make sure to update the info on this post. The easiest way to do it is in the comment section below or simply by sending us an e-mail to contact@goldretired.com.

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Final Words and Verdict

Verdict: Legit 

Overall Rating: (1.6 / 5)

Poloniex is one platform that seems to have the potential to deliver what crypto traders would be looking for, but upon digging into customer reviews and ratings, you’ll discover that it’s not doing an impressive job. Some platforms have higher ratings and give the customer more options for the withdrawal and deposit of funds. As much as the objectives of the owners of this platform are noble, I don’t think I’d be very quick to recommend it, owing to the nature of the customer reviews. If you trust that Poloniex will deliver what you’re looking for, then well and good, but I’d recommend that you take a look at the alternatives below to see if you could be missing out on greater services and features.

Full Review of my #1 Recommended alternative to Poloniex

Or

Recommended Crypto IRA Companies For The Long Term Investors

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That will be all for this review on what poloniex.com is about. I hope you found it helpful, and that you are now well-placed to make a more informed decision about whether to use it or not. If you’ve already used it and would like to share your experience, please do so in the comments section. Do not forget to also ask any questions that you may still have about it.

I wish you well,

Eric, investor, and team member on Gold Retired!

What is BTCBox? How does it compare to its competitors in the industry? Is it one that you should turn to? Does it have unique elements to it that you should not miss out on using? Welcome to today’s review in which I will be answering the above questions and more. To cover a wider ground, the review will take the following structure:

• What is BTCBox?
• Which cryptocurrencies and fiat currencies are supported by BTCBox?
• Countries this platform is available in
• Fees charged
• The deposit and withdrawal options
• Is BTCBox Legit or is it a Scam?
• Pros and Cons

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Name of the Platform: BTCBox

Official website URL: https://www.btcbox.co.jp/

Overall Rating: (3.7 / 5)

Recommended: Yes (for Japanese customers)

P.S: 

See my Recommended Alternative to BTCBox

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What is BTCBox?

BTCBox is a well-established Japan-based cryptocurrency exchange platform that was created back in 2014, by a company known as BTC Box Co. Ltd, which is a member of the well-known Japan Cryptocurrency Business Association  (JCBA). JCBA, for those who do not know, is an association that exists for the sole purpose of helping those who need support as they launch their business entities that have underlying crypto projects. BTCBox also seems to be currently operating under a license that’s provided by the Japan Financial Services Agency (JFSA), which is one of Japan’s financial regulatory agencies.

This platform offers its support services in English, Japanese, and Chinese, which means that it’s mainly interested in serving customers who can communicate in any of these languages. Let’s dive deeper to see how this platform’s services look like.

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Which cryptocurrencies and fiat currencies are supported by BTCBox?

As of now, BTCBox seems to be mainly allowing customers to trade in Bitcoin, Bitcoin Cash, Litecoin, and Ethereum. Originally, this platform served as a fiat-to-crypto exchange platform that only supported BTC/JPY exchanges. Today, customers can exchange any of the listed cryptos with Japanese Yen. Exchanges based on other fiat currencies and fiat currencies are not possible, hence one should check to see what other competitors have to offer instead (if they’re looking for a wider variety of currency offerings).

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Countries this platform is available in

From the look of things, BTCBox is mainly concerned with the provision of its services to customers based in Japan. This does not necessarily mean that customers in other countries cannot access and use BTCBox-the only thing is that they have to be ready to prove that they are legit customers. As already introduced, this platform also offers its support in English and Chinese, to mean that it has customers from English and Chinese-speaking regions.

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Fees charged

We have seen from time to time in our reviews that knowing the fees charges by a platform is quite crucial since the costs add up very quickly and can eat into one’s funds. Some of the top platforms in this industry do not charge varying taker/maker fees, hence offering what we can refer to as “flat fees”. BTCBox is one of such exchanges that charge flat trading fees to those using its trading services. The flat fee is 0.05%.

The industry average has for many years been 0.25%, though we are seeing more companies move towards lower trading fees. The emerging industry seems to be 0.10%, hence you can weigh your options to see if you’re getting a better deal with the platform you’re currently using. BTCBox’s fees of  0.05% are quite competitive though.

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The deposit and withdrawal options

BTCBox allows its customers to make deposits via a wire transfer/bank transfer. Credit cards are unfortunately not accepted here, so you’ll have to look elsewhere if this is an option that you’d want to be included in your list of accepted payment methods.

Since BTCBox does not offer crypto-to-crypto trading, you cannot make a transfer of funds from a pre-existing cryptocurrency wallet to your BTCBox offline wallet. BTCBox is well-supported by Japanese banks, so you have to know that most such transactions will involve your BTCBox wallet and a Japanese bank account.

P.S: do not forget to check the fees that you’ll incur for these transactions, to avoid getting the shock of your life when you look at your bank statement later on. There are many alternatives that you can use out here, so don’t tie yourself to a platform that’s out to charge you exorbitant fees for any of the transactions that you initiate.

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Is BTCBox Legit or is it a Scam?

BTCBox is a legit platform, in as far as I can tell. We have already seen that it’s one that is heavily regulated and one which gets support from numerous banks. It’s hard for BTCBox to, therefore, get off the radar and start harassing customers. Having been around 2014, the platform would have already been shut down if it was operating illegally.

I looked for customer reviews for this platform to establish whether it has been serving its customers in the right manner but didn’t come across many of them. Besides those I found on Revian, there are not many other customer reviews that can give you information about this company’s nature of custom delivery. BTCBox has a rating of (3.7/5) stars on Revian, which isn’t a bad rating, but the industry standards. If you’d like to see what other platforms are offering before settling wholly on BTCBox, you can try out my recommended alternative below for a start (best for a wide variety of options).

====>My #1 Recommended alternative to BTCBox

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Pros and Cons

Pros

• Great support from Japanese banks
• Trades in BTC
• Doesn’t necessarily lockout customers from other countries (provided they can meet the desired requirements).
• Decent trading fees

Cons

• Not best suited for foreigners.
• Doesn’t offer crypto-to-crypto trading
• Doesn’t accept credit card deposits

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Do you own or represent BTCBox?

If you are a representative or associate of BTCBox have found something not to be correct in this review please, feel free to tell us and I will make sure to update the info on this post. The easiest way to do it is in the comment section below or simply by sending us an e-mail to contact@goldretired.com.

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Final Words and Verdict

Verdict: Legit 

Overall Rating: (3.7 / 5)

BTCBox is a Japanese-based exchange that I can say has been around for long enough to prove its worth to a wide range of customers. The lack of many customer reviews is, however, not pleasing, since a good number of its competitors are quite big on providing social proof. From my analysis, BTCBox is legit, but it’s one that is quite limited (in terms of the transaction options).

If you feel that this platform is constraining you, then you should check out what other alternatives are offering their customers. You also can decide to invest in cryptos for the long-term horizon (for your retirement years). Check out my number one recommendations if you decide to go the alternative route.

Full Review of my #1 Recommended alternative to BTCBox

or

Recommended Crypto IRAs to use as you invest for your retirement years

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Thank you for making it to the end of this review about what BTCBox is about and what it has to offer. I hope you found it helpful, and that you’ll now make an informed decision about whether you’ll rely on it, or not. Let me know what your thoughts are about it, or any experiences that you’d had with its customer support staff so far.

I wish you well,

Eric, investor, and team member on Gold Retired!

What is coincheck.com? What do its customers think about it? Is it one that you should switch to or is it one that you should avoid? Welcome to yet another interesting review about a platform you may have already taken interest in, hence the reason you are here. Let’s dive into it right away.

• What is coincheck.com?
• Which cryptocurrencies and fiat currencies are supported by Coincheck?
• Countries this platform is available in
• Fees charged
• The deposit and withdrawal options
• Is Coincheck Legit or is it a Scam?
• Pros and Cons

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Name of the Platform: Coincheck

Official website URL: https://coincheck.com/

Overall Rating: (2.5 / 5)

Recommended: No

P.S:

See My Recommended Alternative to Coincheck

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What is coincheck.com?

Coincheck is a well-established Japanese cryptocurrency exchange, that many say is the one that has the highest BTC  trading volume in this country. This exchange, which also serves as a bitcoin wallet provider was founded back in 2014 and is an active member of the Japan Blockchain Association.

The Japan Blockchain Association (or JBA, as popularly abbreviated), is an industry group that comprises two divisions- one deals with blockchain technologies, while the other one deals with virtual currency.

Another thing that Coincheck has managed to do is to offer crypto lending services that let those who own cryptos lend to those who need them. the lenders can earn a maximum of 5% interest from doing this. What more does this platform have to offer, and what can you expect from it? Read on to find out.

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Which cryptocurrencies and fiat currencies are supported by Coincheck?

Coincheck seems to offer a limited number of cryptocurrency pairs for the purpose of trading. Some of the main cryptos you can access on this platform include:

• Bitcoin
• Ethereum
• Lisk
• XRP
• Factom
• Monero
• Dash
• Litecoin
• Zcash
• Ethereum Classic

The main fiat currencies supported by Coincheck are  Japanese Yen and USD.

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Countries this platform is available in

Coincheck was established in Japan, with the main aim being to serve Japanese customers who’d need to carry out cryptocurrency exchanges, trading, or utilize a reliable utility wallet. Keisuke Wada and Yusuke Otsuka are the two people behind the creation of this platform, which they intended to mainly serve those living within Japan’s national borders. The platform is, however, available for use by international users, and all they have to do is begin the account application process, as they wait to see if their application will go through.

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Fees charged

It’s always a good thing to check the trading fees for any exch ange, since failing to do so can lead to awkward surprises, in the form of significant portions of your funds being eaten into to cater for various charges. Coincheck has managed to make things easy for its customers by having zero fees for takers and makers. This offer started as a campaign but ended up being a permanent feature, owing to the success it brought in terms of attracting new customers. Generally, however, these fees are usually quite low, with the industry average being at about 0.25%. Having 0% fees gives Coincheck a competitive advantage.

There are, however, some deposit and withdrawal fees that you can expect as you deposit or withdraw different types of cryptos. These fees are usually updated from time to time, hence you should check the official website before proceeding to make any deposit or withdrawal transaction.

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The deposit and withdrawal options

Coincheck account holders have the option to fund their accounts through:

• Bank transfer
• Debit /credit card

Note that Yen bank transfers do not attract any fees, but those made in USD attract a $25 fee (a flat fee).

Customers can also make their deposits in the form of cryptos, from a pre-existing crypto wallet. The charges may differ from one wallet to another.

When it comes to withdrawals, customers can make transfers to their bank accounts, or they can use their credit cards if they want to make withdrawals in fiat currencies. It’s also possible for one to make a transfer to another cryptocurrency wallet.

Don’t forget to check the deposit and withdrawal fees on Coincheck’s website before any transaction.

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Is Coincheck Legit or is it a Scam?

Coincheck is, in my opinion, a legit platform that has been in operation for more than 6 years now. Had it been a scam, the authorities in Japan would have already halted its operations. That’s said, it is always good to take a look at what the customer reviews look like, to get an idea of the nature of services we can expect.

Upon taking a look at this company’s customer reviews on Trustpilot, I discovered that it’s one that’s not performing very well so far. With an overall rating of (2.4/5) stars, Coincheck definitely needs to put in more work towards ensuring that all customers are satisfied. With 66% of the customers perceiving its services as being poor or bad, Coincheck has a long way to go as far as competing with some of the best platforms in this industry is concerned. If you’re not happy about Coincheck, here is an option you can try out:

My #1 Recommended alternative to Coincheck

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Pros and Cons

Pros

• A nicely designed platform that’s easy to use
• Credit card payments accepted
• Wallet app provided
• Supports JPY& USD
• No  taker/maker fees

Cons

• Poor consumer ratings and feedback
• Doesn’t seem to favor international customers – rates are higher for them.

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Do you own or represent Coincheck?

If you are a representative or associate of Coincheck have found something not to be correct in this review please, feel free to tell us and I will make sure to update the info on this post. The easiest way to do it is in the comment section below or simply by sending us an e-mail to contact@goldretired.com.

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Final Words and Verdict

Verdict: Legit 

Overall Rating: (2.4 / 5)

Coincheck is one legit platform that seems to be mainly focused on helping Japanese customers explore the possibilities that come with owning cryptos. Even so, it also accommodates international customers, though they have to go through a more tedious application process, and also pay higher fees.

Overall, this platform is not doing quite well, and would need to work on its service delivery and customer support, if it plans on ever becoming an industry leader. Those who’d need a better alternative to Coincheck can utilize my recommended alternative below:

Full Review of my #1 Recommended alternative to Coincheck

OR

Recommended Crypto IRA Options For The Long Term Investors 

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That will be all for this review on what coincheck.com is about, and what it has to offer. I hope you enjoyed it and that you’re now aware of whether you should rely on it or not. If you’ve used this platform in the past, kindly share what your experience was like- to help other readers know what to expect. You can also ask any question that you may have about the platform – I’ll get back to you ASAP.

I wish you well,

Eric, investor, and team member on Gold Retired!

Is Fisco Cryptocurrency Exchange legit? What unique features does it have that you should definitely not miss out on? Is actually reliable, or one that you should stay away from? Join me in today’s comprehensive review about Fisco, in which we shall answer these and more questions by tackling these following areas:

• What is Fisco Cryptocurrency Exchange?
• Which cryptocurrencies and fiat currencies are supported by Fisco Cryptocurrency Exchange?
• Countries this platform is available in
• Fees charged
• The deposit and withdrawal options
• Is Fisco Cryptocurrency Exchange Legit or is it a Scam?
• Pros and Cons

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Name of the Platform: Fisco Cryptocurrency Exchange

Official website URL: https://www.fisco.co.jp/en/

Overall Rating: (3.6 / 5)

Recommended: Yes (For Japanese residents)

P.S:

See my number one recommended alternative to Fisco Cryptocurrency Exchange

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What is Fisco Cryptocurrency Exchange?

Fisco Cryptocurrency Exchange (FCCE) is a Japan-based cryptocurrency exchange that was launched back in 2016. It’s a competitor of platforms such as Bitbank and Coincheck, whose presence in the cryptocurrency industry is quite significant.

FCCE has a license that was granted to it by the Japanese Financial Services Agency (JFSA). This information is sufficient enough to make us aware of the fact that this platform is regulated, hence can be trusted to deliver professional services.

The company that owns FCCE merged its operations with the popular exchange known as Zaif, which also had a very good reputation in the crypto exchange industry. Is the joint business one that delivers reliable and consistent services? Read on to find out.

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Which cryptocurrencies and fiat currencies are supported by Fisco Cryptocurrency Exchange?

Currently, this platform lets traders trade Bitcoin and Monacoin. This means that the only available trading pairs on this platform are:

• Bitcoin/ JPY
• Bitcoin Cash/ JPY
• Monacoin/ JPY

JPY is also the only available fiat currency on this platform. This essentially takes away your trading options and leaves you to only figure out how to maximize your profits using a very limited number of cryptocurrencies. Whereas you may be skilled enough to profit from trading the available currencies, you may miss out on some very lucrative opportunities that are offered by other alternative platforms, which have a wide variety of currencies.

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Countries this platform is available in

This platform is meant to mainly serve Japanese customers, but it doesn’t lock out other international customers from trading on this platform. Even customers in the USA can create FCCE accounts and start trading, but this is subject to fulfilling the set requirements on this platform. Whereas no one is explicitly denied access from this platform, no guarantees are given that one’s application will sail through.

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Fees charged

This platform happens to have its unique trading fee offering, which is that they charge 0.00%. It does not matter whether you are a maker or a taker on this platform, you’ll not get charged anything. This, is in my opinion, very competitive since most platforms will require that you part with a percentage of your funds as a taker or maker.

Generally, one might suspect that the withdrawal charges on this platform are quite high since they don’t make any profits by asking from charging trading fees. They, however, happen to charge very competitive withdrawal fees. Currently, FCCE charges 0.000BTC for Bitcoin withdrawals, in comparison to the global industry average, which is at about 0.0008 BTC.

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The deposit and withdrawal options

Deposit and withdrawal options cannot also be overlooked. In most cases, you’ll find that they contribute to convenience as one utilizes a given exchange platform. In most cases, you will need an option that will let you get started with a platform ASAP (by making a quick deposit) or one that lets access your proceeds as fast as you need them. Without reliable deposit and withdrawal options, you may end up not fully enjoying a platform.

From the look of things, this platform only allows you to deposit using wire transfers. You can’t unfortunately deposit your funds using a credit card. This comes as negative news to you if you prefer using your credit card to make a quick transaction on the go. In this case, you may need to check out what other alternatives have in store for you.

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Is Fisco Cryptocurrency Exchange Legit or is it a Scam?

Fisco Cryptocurrency Exchange is in my opinion a genuine platform, that you can rely on if it’s one that you are comfortable with it (based on its offerings). This exchange is a known competitor of other exchanges in Japan, which are all aimed at serving Japanese customers mainly. As I already highlighted, being an international customer on this platform isn’t directly discouraged, but even looking at the only fiat currency accepted on the platform will show you that you may have a hard time using Fisco.

There are actually not many customer reviews about this platform on the internet. The only ones I found presented in English are those on Revian, for which Fisco has a rating of (3.6/5) stars. Given that those reviews are not a very direct revelation of customer experience (they’re just a brief summary of what to expect), then it’s hard for us to predict what to expect from Fisco. The good thing is that we can always rely on other alternatives in the market, for which there is sufficient information and social proof.

My #1 Recommended alternative to GMO Japan

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Pros and Cons

Pros

• Excellent security
• Works on Android and Ios
• Accepts fiat (only JPY though)
• No trading fees
• Competitive withdrawal fees

Cons

• Best suited for Japanese customers mainly
• Limited withdrawal and deposit options
• A limited number of cryptos accepted
• Only accepts JPY as their preferred fiat currency

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Do you own or represent Fisco Cryptocurrency Exchange?

If you are a representative or associate of Fisco Cryptocurrency Exchange have found something not to be correct in this review please, feel free to tell us and I will make sure to update the info on this post. The easiest way to do it is in the comment section below or simply by sending us an e-mail to contact@goldretired.com.

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Final Words and Verdict

Verdict: Legit 

Overall Rating: (3.6 / 5)

From the look of things, Fisco is yet another good crypto exchange that those living in Japan can utilize for all their BTC (and BCH)/JPY exchanges. The platform is quite limited when it comes to the range of crypto pairs, as well as deposit and withdrawal options, but you can still use it if you do not want to pay any trading fees. If you’re not currently residing in Japan, I’d recommend that you have a look at what other crypto exchanges that have their focus on international customers have to offer. There’s a good range of platforms that have a sustainable number of features and cryptos, and that can deliver the much-needed flexibility that you’d need as a short-term or long-term investor. Check out my recommended alternatives below:

Full Review of my #1 Recommended alternative to Fisco Cryptocurrency Exchange

Or

Recommended Crypto IRA Companies For The Long Term Investors

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That will be all for today’s review on what Fisco Cryptocurrency Exchange is about, and what it has to offer. If you have used this platform in the past, feel free to let us in on your experience with it. Feel free to also ask any questions that you may still have about FCCE.

I wish you well,

Eric, investor, and team member on Gold Retired!