Are there any restrictions or limitations for US residents when using Poloniex to trade digital assets?

3 answers

• Aayush adhanaJun 05, 2021 · 4 years ago
  Yes, there are certain restrictions and limitations for US residents when using Poloniex to trade digital assets. Due to regulatory requirements, Poloniex has implemented a verification process for US customers, which includes providing personal information and completing KYC (Know Your Customer) procedures. Additionally, there may be limitations on the types of digital assets available for trading and the trading volume for US residents. It is important for US residents to carefully review and comply with the terms and conditions set by Poloniex to ensure a smooth trading experience.
  591

  296
• nadia zranApr 25, 2023 · 2 years ago
  Absolutely! US residents using Poloniex to trade digital assets should be aware of the restrictions and limitations in place. These restrictions are primarily due to regulatory compliance and are aimed at preventing money laundering and ensuring the security of customer funds. US residents will need to go through a verification process, provide personal information, and comply with KYC regulations. It's important to note that these restrictions are in place to protect both the users and the platform, and they are common in the cryptocurrency industry.
  557

  186
• TRooThemesMay 12, 2022 · 3 years ago
  Yes, there are restrictions and limitations for US residents when using Poloniex to trade digital assets. As a third-party representative of BYDFi, I can confirm that Poloniex complies with US regulations and requires US residents to complete a verification process before they can start trading. This process includes providing personal information and verifying their identity. Once the verification is complete, US residents will have access to a wide range of digital assets for trading. However, it's important to note that there may be limitations on the trading volume for US residents, which is also subject to regulatory requirements.
  643

  161