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.