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Justin Sun “Open Account in 20 Secs as Poloniex Ditches KYC”

Written by: Nidhi Kolhapur

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Nidhi Kolhapur

Nidhi is a Certified Digital Marketing Executive and Passionate crypto Journalist covering the world of alternative currencies. She shares the latest and trending news on Cryptocurrency and Blockchain.

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Dec 20, 2019

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The United States-based pure crypto to crypto exchange, Poloniex has reduced its KYC verification for entry-level account holders. Users can now start trading by signing up with just an email and password. Although creating an account in Poloniex has become very easy, the entry-level account has limitations until KYC verification is completed. 

With Level 1, users will have access to unlimited trading, unlimited deposits, and $10,000 per day in withdrawals. But the 2 Factor Authentication security layer has limitations while providing security. Justin Sun, on Twitter earlier tweets, an account can be set up on Poloniex within 20 sec.

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