POLONIEX EXCHANGE ADDS GRIN

Cryptocurrency exchange Poloniex announced the beginning of support focused on increased privacy of users of the cryptocurrency Grin.

The auction will be available in pairs BTC/GRIN and USDC/GRIN. Users already have the opportunity to make deposits; withdrawals will be available in the coming weeks.

The report of the Seattle-based exchange also says that in the next 12 months, part of all commissions that will be received as a result of transactions with the cryptocurrency will be sent to the Grin development fund. In the first month of trading it will be 50%, in the following months – 25%.

The exchange also notes that due to the feature of Grin transactions that do not have public addresses, users are offered two ways to deposit funds, which should provide maximum security and simplicity.

The first method involves the use of a URL, reducing the process of depositing funds to one step. It is best suited for those who want maximum simplicity, and will also be useful when transferring funds from mining pools or other exchanges.

The second method is more complex and assumes that Poloniex and the user exchange a unique file before initiating a transaction translation on the Grin network. This method is intended for more advanced technical users, as well as for those who want to use Poloniex as a Grin wallet for p2p transactions.

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