PrimeXBT trading platform New → https://tinyurl.com/yyvzn663
Main Differences Kraken and Poloniex have had completely different growth trajectories. Kraken has managed to retain ownership and upper management of the exchange since inception in 2011. Market conditions have seen floods and droughts of traders and investors flock to and away from both exchanges. Choosing the best exchange is important
Poloniex. on the other hand. has changed owners many times since inception in January 2014. To their credit. they did manage to stay afloat despite losing +/- 98% of their global exchange trading volume. Plagued by regulators and delistings. they effectively drove their trading volume down to where it is today.
Like a phoenix. Poloniex seems to be rising from the ashes. pushing towards a new life. They have lifted KYC bans. banned American traders and investors and have added a fresh round of coins. The TRXMarket has been rebranded Poloni DEX. Poloni DEX has offered free listing for all TRX-20 tokens.
Kraken. on the other hand. has very stringent verification processes that defy the purpose of the crypto ethos. Kraken has margin trading for United States citizens. which makes it palatable for public disclosure. Security and coin safety trumps everything in the world of crypto.
Kraken is a crypto exchange founded by Jesse Powell in July 2011. Jesse Powell worked at Mt. Gox. he felt the exchange landscape could be improved with properly implemented security controls and improved customer experience. To date. the Kraken Exchange has not experienced a single hack since its inception. Their customer experience was strained due to the volume of users in 2017 but in stable markets. their customer services are prompt. Kraken is located in San Francisco. California.
Kraken is at the front end of bringing Cryptocurrencies to the institutional masses. They were the first crypto exchange to have their trading data displayed on Bloomberg Terminals. Kraken is also at the forefront with regulation as the Tokyo Government court-appointed Trustee and Germany’s BaFin regulated Fidor Bank.
Kraken was one of the first Cryptocurrency exchanges to offer a leveraged margin to the crypto community and U. S. Citizens. It is also the first Cryptocurrency exchange to pass a cryptographically verifiable proof-of-reserves audit.
Kraken investors include Blockchain Capital. Digital Currency Group. Hummingbird Ventures. Money Partners Group. and SBI Investment.
Poloniex had a diverse offering of altcoins. no KYC was needed if the account holder didn’t mind a maximum withdrawal of $2000 per day. Lending and margin trading was available to everyone. They accomplished this by being a Crypto to Crypto exchange and not being an onramp which dealt in fiat.
On the 26th of February 2018. Circle announced they would purchase Poloniex Cryptocurrency exchange for the sum of $400 million. This started the downward spiral for the exchange and Circle. 2018 was an interesting year for Poloniex. they began a delisting spree and required full KYC to trade on their platform due to regulatory compliance. Poloniex also had to close its margin trading and lending services to US citizens. Circle moved the exchanges legal location from Delaware to Bermuda.
Is coinigy worth it? Let’s discuss this question in detail to give you all the answers you need. so you can make a decision for yourself.
After 4 months of actively trading cryptos. I came to the conclusion that for me a professional tool for technical analysis (TA) was really missing. Although I had been doing quite well. I saw that there was space for optimisation. When I could act more efficiently and also do better analysis. I could for sure reach higher profits.
Higher Profits by More Competence Already on my second morning after my signup. I was so excited about what I’d be going to analyse today. A lot of coins I had been watching or where I was even in a trade. I could finally check out in a reasonable chart with the Ichimoku Indicators and a great Fibonacci tool in different colours. for instance. that would easily show me the higher levels of potential future targets. Other than I could get from certain charts on exchanges. Actually they have so many tools. that I don’t know all of them yet. But for me it’ll be exciting to get deeper knowledge by learing about them.
With professional tools and own knowledge you make sure you can trade profitably yourself and aren’t dependent from other people’s hints all the time.
The Ichimoku Cloud One of the most used indicators for technical analysis is the Ichimoku cloud. As far as I know. most pro traders use a mixture of the following indicators to make trade decisions: Fibonacchi levels. trendlines. support and resistance levels and the Ichimoku cloud. At least I do so. and other people I know. And on Coinigy you finally also get the ichimoku cloud for every single altcoin that exists. even for all on Cryptopia.
To be able to observe each cryptocurrency with in-depth analysis indicators on a fast performing platform makes you trade more efficiently. That’s what I learned for myself.
Of course you can change all settings such as the periods for the lines. you can hide each of the lines. change the colours and intensity — just make it work for you.
If you want to check out a coin. you just need to choose one of the exchanges where it’s listed and do your analysis. A pretty cool feature is Coinigy’s compare tool. which allows you to compare the performances of a coin on different platforms or to compare two different coins by overlaying indicators.
On top of the chart window you can check candle sticks on any time frame with detail data about open and close prices. high. low and volume for each candle. Furthermore the third button allows you to check out the market depth. The data may only be delayed by up to 15s.
The reason why I had been thinking Coinigy must be more expensive. was that I had already paying for different services within the field of Bitcoin trading. and other things did cost a lot more.
