Poloniex Sign Up Guide: How To Open An Account On Poloniex In 2023

In 2017, Poloniex was the largest Ethereum exchange by average volume in the world. The exchange is also considered a safe space for crypto trading because of the stringent security measures which the company has developed over the years. 

So, if you are looking for a Poloniex registration guide, then you are at the right place! Keep reading the article to know the full Poloniex registration process.

How To Sign Up For A Poloniex Account

Poloniex Sign Up On desktop:

• Go to poloniex.com and click on the “Sign Up” icon in the top right corner.

You will have to enter a few basic information such as:

E-mail address: Choose an E-mail address that is functional and which you intend to use for a long time. Don’t use an E-mail that you may have created during your college days. You can even create a new E-mail address just for the Poloniex account, which is a better option for serious traders.

Password: Use a password that you have not used anywhere else. It should be secure, 8 characters long, and consist of a combination of letters, symbols, and numbers. As you type your password on the field box, it’ll automatically show your password’s strength. It is always better to choose a password that shows “Very Good.”

Referral Code: if you have been invited to Poloniex by a friend or someone who is taking advantage of the generous Poloniex referral program, then use their Poloniex referral code. By doing this, both you and your friend can avail of exciting offers from Poloniex.

• Then agree that you are 18 years or above and other user agreement, privacy policy, etc.
• Click on “Sign Up“
• You will receive a verification E-mail from Poloniex. Go to your E-mail and click on “Verify your E-mail,” and that’s it. Your new Poloniex account is ready for use!
• (Optional) To access the full features of the Poloniex platform you will probably want to complete the Poloniex verification.

Poloniex Sign Up On mobile:

• Download the Poloniex app from your iOS or Android playstore. 
• Open the app and go to “Settings,” located on the bottom right menu bar, and click on “Sign Up.”

• Enter your E-mail address, password, and a referral code, if any, and click “Sign up.”

• Enter details such as your E-mail address and a password
• That’s it, you now have a Poloniex account.

What Is A Level 1 Account On Poloniex?

When new users sign up in Poloniex, they get access to the Level 1 account. Poloniex has two account levels- Level 1 and Level 2. The features such as trading or withdrawal limits and resolution timing, among others, are different for both levels. As the name suggests, Level 2 offers higher trading features than Level 1. A Level 1 account provides the following features:

• Daily withdrawals of $10,000 per day.
• Access to unlimited deposits and unlimited tradings.
• Link credit card or their Simplex bank account and buy cryptocurrency.
• Claim prizes in competitions as the value of the prize in the applicable crypto asset.
• For accounts that have enabled 2FA, the withdrawals limits will automatically increase to $50,000 per day.

How To Secure Your Poloniex Account

With the increasing number of scams and phishing attacks on crypto accounts, it is imperative that you secure your account ASAP! Here are a few things you can do to secure your account.

Enable Two Factor Authentication

Enabling 2FA in your account provides great protection against hackers who may be trying to log in to your Poloniex account. This is especially true if your password is not strong enough or you have used a password you’ve used on other platforms. 

Hackers may try to steal your passwords from other internet platforms and try to use the same while breaching your Poloniex account. However, by enabling 2FA, you’ll be prompted to gain access only through mobile and a laptop.

Never trade your password or 2FA codes.

Poloniex can only help if you are being smart with your information. Scammers may try to send you E-mails claiming that they are from Poloniex, but make sure you scan the E-mail message, the sender, and other information before clicking on any of the links mentioned. 

Always double check your E-mails and do not provide your password or 2FA codes ever because Poloniex will never ask for such a piece of information.

Back-Up your 16 digit key

It may so happen that you lose access to the device you use for 2FA, such as your mobile. In such a scenario, you can avoid losing access to your account by backing up your 16 digit key. After you have received your key, make sure that you’ve noted it down and stored it in a safe place. Don’t make the mistake of storing it on your mobile.

Audit your personal account regularly.

Make sure that you regularly audit your personal account and keep note of a few important things. Tracking your trade history, deposits, API key, or any changes in your profile will enable you to spot any change that has not been made by you. It will also enable the Poloniex Support Team for faster resolution of your issues in the future.

Poloniex Sign Up FAQs

Conclusion

Poloniex is a user-friendly and safe crypto exchange platform that is well suited for both beginners and professional traders. The exchange boasts of hosting over 350 cryptocurrencies currently and plans on increasing more.