Compare IDAX vs Poloniex Exchange
On this page, you can compare IDAX with Poloniex. Which exchange is better to use? You can compare exchange characteristics, fees, trading features, safety, and social media presence.
At the end of this page, you can see our final ratings for both exchanges.
In the table below you can see general information on both exchanges. IDAX was founded in 2017 in Mongolia. Poloniex was founded in 2014 in USA.
When choosing an exchange for trading, you should take into account how long it has been an active market player. Older exchanges usually have a good reputation and tend to be more reliable. It may be a good decision to use the older exchange, which is Poloniex. At the same time, newer projects may be more technologically advanced.
You should also pay attention to where the exchange is located. Some countries have strict financial regulations, which makes it difficult to seek court assistance when needed.
IDAX is Centralized and Poloniex is Centralized. You can read more about the pros and cons of centralized and decentralized exchanges in this article.
IDAX has a mobile app available for iOS and Android. Poloniex has a mobile app available for iOS and Android.
IDAX has 3 languages available, including English, Korean and Chinese. Poloniex has 1 language available, which is English.
| Company | ||
|---|---|---|
| User rating | 38 user reviews | 11 user reviews |
| Cryptogeek rating | ||
| Trust Score How it works |
User rating
| 38 user reviews | 11 user reviews |
Cryptogeek rating
Trust Score
How it worksAbout
|
IDAX was established in December 2017 and it is currently the only operating Mongolian cryptocurrency exchange. In 2019 the exchange was shut down.
|
Poloniex launched in 2014. It is based in the United States. It was recently acquired by Circle, a large Goldman-Sachs backed company. The exchange faced a hacker attack soon after opening which caused a higher level of security provided later. It requires a user’s physical address, postal address, date of birth, id, and phone number.
|
Founding Date
| 2017 | 2014 |
Country
| Mongolia | USA |
Type
| Centralized | Centralized |
Languages
| English, Korean, Chinese | English |
Mobile app
| iOS, Android | iOS, Android |
Full address
| 26 district Sunny town 830 Apartment3_293v, 661 Ulaanbaatar, Mongolia | Poloniex, LLC. 2018 - Boston, MA, U.S.A |
Fees
|
Fee for trading: 0.2% trading fee Withdrawal fees: https://www.idax.mn/#/fee |
Fees are charged and deduced on a per-trade basis. The more “total volume” you trade on a rolling 30 day basis, the lower your fee on subsequent trades. We will calculate your fees based on your last 30 days of trading volume based on the daily average of the BTC-USD rate (24-hour weighted average price) and dynamically adjust your fees according to the following schedule: Maker | Taker Trade | Volume (trailing 30 day avg) 0.08% | 0.20% | < $1m USD 0.02% | 0.15% | < $20m USD 0.00% | 0.10% | ≥ $20m USD |
| About |
IDAX was established in December 2017 and it is currently the only operating Mongolian cryptocurrency exchange. In 2019 the exchange was shut down.
|
Poloniex launched in 2014. It is based in the United States. It was recently acquired by Circle, a large Goldman-Sachs backed company. The exchange faced a hacker attack soon after opening which caused a higher level of security provided later. It requires a user’s physical address, postal address, date of birth, id, and phone number.
|
|---|---|---|
| Founding Date | Founding Date 2017 | Founding Date 2014 |
| Country | Country Mongolia | Country USA |
| Type | Type Centralized | Type Centralized |
| Languages | Languages English, Korean, Chinese | Languages English |
| Mobile app | Mobile app iOS, Android | Mobile app iOS, Android |
| Full address | Full address 26 district Sunny town 830 Apartment3_293v, 661 Ulaanbaatar, Mongolia | Full address Poloniex, LLC. 2018 - Boston, MA, U.S.A |
| Fees |
Fees
Fee for trading: 0.2% trading fee Withdrawal fees: https://www.idax.mn/#/fee |
Fees
Fees are charged and deduced on a per-trade basis. The more “total volume” you trade on a rolling 30 day basis, the lower your fee on subsequent trades. We will calculate your fees based on your last 30 days of trading volume based on the daily average of the BTC-USD rate (24-hour weighted average price) and dynamically adjust your fees according to the following schedule: Maker | Taker Trade | Volume (trailing 30 day avg) 0.08% | 0.20% | < $1m USD 0.02% | 0.15% | < $20m USD 0.00% | 0.10% | ≥ $20m USD |
Trading
IDAX trading volume is 1,178,556,765.0. The exchange has 263 available trading pairs. Fiat trading is not available on the exchange. Margin trading is not available.
Poloniex trading volume is 18,446,726.0. The exchange has 101 available trading pairs. Fiat trading is not available on the exchange. Margin trading is available.
Please note: The bigger number of available trading pairs provides you with more trading opportunities, but may cause technological shortcomings at the same time.
Volume
| 1178556765 | 18446726 |
Pairs
| 263 | 101 |
Coins
| 137 | 57 |
Fiat trading
| - | - |
Deposit
| No data | Free |
Fees
| Percentage | Percentage |
Margin
| - |
| Volume | Volume 1178556765 | Volume 18446726 |
|---|---|---|
| Pairs | Pairs 263 | Pairs 101 |
| Coins | Coins 137 | Coins 57 |
| Fiat trading | Fiat trading - | Fiat trading - |
| Deposit | Deposit No data | Deposit Free |
| Fees | Fees Percentage | Fees Percentage |
| Margin | Margin - | Margin |
Safety
Two factor authentication
Verified
| - | Verified |
| Two factor authentication | Two factor authentication | Two factor authentication |
|---|---|---|
| Verified | Verified - | Verified Verified |
Social
Website
| www.idax.pro | poloniex.com |
| @IDAXpro | @poloniex |
Number of followers
| 8884 | 222304 |
| Website | Website www.idax.pro | Website poloniex.com |
|---|---|---|
| Twitter @IDAXpro | Twitter @poloniex | |
| Number of followers | Number of followers 8884 | Number of followers 222304 |
Rating
| User rating | 38 user reviews | 11 user reviews |
|---|---|---|
| Cryptogeek rating |
Cryptogeek summary
IDAX user rating is 3, based on 38 user reviews. Poloniex user rating is 2.8, based on 11 user reviews.
We also calculate the special Cryptogeek TrustScore based on the characteristics of each exchange.
| We choose the winner based on our TrustScore Rating. Please remember, it’s still up to you which company to choose! How do we calculate Trust Score? |
|---|
| We choose the winner based on our TrustScore Rating. Please remember, it’s still up to you which company to choose! How do we calculate Trust Score? |
On this page, you can compare IDAX with Poloniex. Which exchange is better to use? You can compare exchange characteristics, fees, trading features, safety, and social media presence.
At the end of this page, you can see our final ratings for both exchanges.
In the table below you can see general information on both exchanges. IDAX was founded in 2017 in Mongolia. Poloniex was founded in 2014 in USA.
When choosing an exchange for trading, you should take into account how long it has been an active market player. Older exchanges usually have a good reputation and tend to be more reliable. It may be a good decision to use the older exchange, which is Poloniex. At the same time, newer projects may be more technologically advanced.
You should also pay attention to where the exchange is located. Some countries have strict financial regulations, which makes it difficult to seek court assistance when needed.
IDAX is Centralized and Poloniex is Centralized. You can read more about the pros and cons of centralized and decentralized exchanges in this article.
IDAX has a mobile app available for iOS and Android. Poloniex has a mobile app available for iOS and Android.
IDAX has 3 languages available, including English, Korean and Chinese. Poloniex has 1 language available, which is English.