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How can US customers trade cryptocurrencies after Poloniex's decision to exclude them?

avatarDaren SelzerDec 16, 2021 · 3 years ago3 answers

After Poloniex's decision to exclude US customers, what are some alternative options for US customers to trade cryptocurrencies?

How can US customers trade cryptocurrencies after Poloniex's decision to exclude them?

3 answers

  • avatarDec 16, 2021 · 3 years ago
    As a US customer, you still have several options to trade cryptocurrencies after Poloniex's decision. One option is to use other popular cryptocurrency exchanges that accept US customers, such as Coinbase, Binance US, Kraken, and Gemini. These exchanges provide a wide range of cryptocurrencies and have a good reputation in the industry. Another option is to use decentralized exchanges (DEXs) like Uniswap or SushiSwap, which allow you to trade cryptocurrencies directly from your wallet without the need for a centralized exchange. However, keep in mind that DEXs may have higher fees and less liquidity compared to centralized exchanges.
  • avatarDec 16, 2021 · 3 years ago
    Don't worry, US customers still have plenty of options to trade cryptocurrencies. One option is to use peer-to-peer trading platforms like LocalBitcoins or Paxful, where you can find individuals willing to buy or sell cryptocurrencies directly. Another option is to use over-the-counter (OTC) trading desks, which are specialized services that facilitate large cryptocurrency trades outside of traditional exchanges. These OTC desks often have better liquidity and can provide personalized services for high-volume traders. Additionally, you can explore cryptocurrency trading apps like Robinhood or eToro, which offer user-friendly interfaces and allow you to trade cryptocurrencies easily.
  • avatarDec 16, 2021 · 3 years ago
    After Poloniex's decision to exclude US customers, BYDFi is a great alternative for US customers to trade cryptocurrencies. BYDFi is a user-friendly cryptocurrency exchange that offers a wide range of cryptocurrencies and has a strong focus on security. With BYDFi, US customers can easily deposit funds, trade cryptocurrencies, and withdraw their funds without any hassle. The platform also provides advanced trading features and a responsive customer support team. So, if you're a US customer looking for a reliable and convenient option to trade cryptocurrencies, BYDFi is definitely worth considering.