Compare IDEX vs Poloniex Exchange
On this page, you can compare IDEX 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. IDEX was founded in 2016 in Panama. 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.
IDEX is Decentralized and Poloniex is Centralized. You can read more about the pros and cons of centralized and decentralized exchanges in this article.
IDEX doesn't have a mobile app. Poloniex has a mobile app available for iOS and Android.
IDEX has 6 languages available, including English, Spanish, Korean, Russian, Chinese and Vietnamese. Poloniex has 1 language available, which is English.
| Company | ||
|---|---|---|
| User rating | 15 user reviews | 11 user reviews |
| Cryptogeek rating | ||
| Trust Score How it works |
User rating
| 15 user reviews | 11 user reviews |
Cryptogeek rating
Trust Score
How it worksAbout
|
IDEX is a cryptocurrency exchange that was launched early last year. The exchange aims to offer users the experience of a centralized exchange that boasts the security benefits of a decentralized platform.
The exchange provides a peer-to-peer trading environment. It also uses smart contracts to relay transactions over the Ethereum blockchain, and this allows the order book of your account to be updated in real-time.
|
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
| 2016 | 2014 |
Country
| Panama | USA |
Type
| Decentralized | Centralized |
Languages
| English, Spanish, Korean, Russian, Chinese, Vietnamese | English |
Mobile app
| - | iOS, Android |
Full address
| Unknown | Poloniex, LLC. 2018 - Boston, MA, U.S.A |
Fees
|
Maker: 0.1% Taker: 0.2% |
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 |
IDEX is a cryptocurrency exchange that was launched early last year. The exchange aims to offer users the experience of a centralized exchange that boasts the security benefits of a decentralized platform.
The exchange provides a peer-to-peer trading environment. It also uses smart contracts to relay transactions over the Ethereum blockchain, and this allows the order book of your account to be updated in real-time.
|
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 2016 | Founding Date 2014 |
| Country | Country Panama | Country USA |
| Type | Type Decentralized | Type Centralized |
| Languages | Languages English, Spanish, Korean, Russian, Chinese, Vietnamese | Languages English |
| Mobile app | Mobile app - | Mobile app iOS, Android |
| Full address | Full address Unknown | Full address Poloniex, LLC. 2018 - Boston, MA, U.S.A |
| Fees |
Fees
Maker: 0.1% Taker: 0.2% |
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
IDEX trading volume is 449,214.0. The exchange has 615 available trading pairs. Fiat trading is not available on the exchange. Margin trading is 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
| 449214 | 18446726 |
Pairs
| 615 | 101 |
Coins
| 480 | 57 |
Fiat trading
| - | - |
Deposit
| Depends on currency and volume | Free |
Fees
| Percentage | Percentage |
Margin
| Volume | Volume 449214 | Volume 18446726 |
|---|---|---|
| Pairs | Pairs 615 | Pairs 101 |
| Coins | Coins 480 | Coins 57 |
| Fiat trading | Fiat trading - | Fiat trading - |
| Deposit | Deposit Depends on currency and volume | Deposit Free |
| Fees | Fees Percentage | Fees Percentage |
| Margin | Margin | Margin |
Safety
Two factor authentication
Verified
| Verified | Verified |
| Two factor authentication | Two factor authentication | Two factor authentication |
|---|---|---|
| Verified | Verified Verified | Verified Verified |
Social
Website
| idex.market | poloniex.com |
| @aurora_dao | @poloniex |
Number of followers
| 378 | 222304 |
| Website | Website idex.market | Website poloniex.com |
|---|---|---|
| Twitter @aurora_dao | Twitter @poloniex | |
| Number of followers | Number of followers 378 | Number of followers 222304 |
Rating
| User rating | 15 user reviews | 11 user reviews |
|---|---|---|
| Cryptogeek rating |
Cryptogeek summary
IDEX user rating is 3.7, based on 15 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 IDEX 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. IDEX was founded in 2016 in Panama. 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.
IDEX is Decentralized and Poloniex is Centralized. You can read more about the pros and cons of centralized and decentralized exchanges in this article.
IDEX doesn't have a mobile app. Poloniex has a mobile app available for iOS and Android.
IDEX has 6 languages available, including English, Spanish, Korean, Russian, Chinese and Vietnamese. Poloniex has 1 language available, which is English.