Poloniex Supported Countries | Verify Country Availability
Mike Harry
Feb 2024
3 min read
Fact checked
Summary: Poloniex is a popular cryptocurrency exchange platform that allows users to buy, sell, and trade a wide range of digital currencies. In this article, we will be discussing the countries that are supported by Poloniex and those that are prohibited. Whether you are a seasoned trader or just getting started in the world of cryptocurrencies, it is important to know which countries are eligible to use this platform to ensure a seamless and compliant trading experience.
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Poloniex Supported Countries
Poloniex is a smaller crypto exchange that was established in 2014 by Tristan D'Agosta. While registered in Seychelles, its headquarters are situated in Boston, Massachusetts.
Poloniex supported countries
Poloniex primarily offers spot trading services for over 350 cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), TRON (TRX), and several other altcoins.
The platform's offerings extend to spot trading, margin trading, and futures trading, allowing up to 100X leverage. Poloniex has gained some decent traction with a user base of over 1 million users worldwide.
The company employs over 200 employees that provide services in over 180 countries around the world including all of Europe, Latin America, and Asia.
Poloniex Restricted & Banned countries
While Poloniex is available in most countries around, below you will find the countries that at the time of writing are not eligeable to use it's services:
Afghanistan, Burma, the Chinese Mainland, Crimea, Cuba, Democratic Republic of Congo, Iran, Iraq, Ivory Coast, Lebanon, Libya, Mali, North Korea, Palestine, Somalia, Sudan, Syrian Arab Republic, Yemen, Zimbabwe, the United States and all US Territories (such as American Samoa, Guam, Northern Mariana Islands, Puerto Rico, and US Virgin Islands).
If you live in one of these countries, then you will have to turn to alternative cryptocurrency exchanges.
Poloniex License & Regulations
At the time of writing, Poloniex does not hold any type of license and is not regulated by any country as it pertains to it's cryptocurrency services.
Is Poloniex available in the US?
As for the availability of Poloniex in the United States, it has an interesting history. In the past, Poloniex was accessible to customers from the US.
Due to evolving regulations and compliance requirements Poloniex announced in 2017 that it would be limiting the availability of its services to certain US states.
In 2021, the SEC charged Poloniex for operating an unregistered digital asset exchange.
Despite the restrictions, Poloniex has made efforts to comply with regulations and work towards enhancing its services for US-based customers.
In 2020, Poloniex was acquired by a US-based investment firm called Circle, which emphasizes the company's commitment to operating within regulatory frameworks.
Can I use Poloniex in UK & Canada?
Poloniex is available in both the United Kingdom and Canada but with the exception of Ontario for Canadian citizens.
"In order to comply with OSC securities regulations, Poloniex has updated its User Agreement to reflect that the Canadian province of Ontario has become a restricted jurisdiction. Effective January 31st, 2022, Poloniex can no longer support Ontario-based users"
eToro USA LLC: Investments are subject to market risk. Including the possible loss of principal. Don’t invest unless you’re prepared to lose all the money you invest.
