Spotlight On Poloniex Contest : @iamlynxie : Signing Up And Depositing Funds(100% Power Up).


It's my continuity on these great contest from my last entry. I would be talking about how to sign up onPoloniex Exchanger and how to use it so stay tuned.

INTRODUCTION

bitcoins-dollars-poloniex-logo-on-260nw-1246842913.jpgImage Source

Poloniex is a well-known cryptocurrency exchange platform where you can buy trade and sell different kinds of cryptocurrencies which including the likes bitcoin, ethereum and others. it was launched in 2014 by Tristan D'Agosta and the company is located in Delaware USA. Poloniex basically makes their money by charging both buyers and sellers on their platform some fees for their everyday transactions.

Everybody has their diverse interest when it comes to the use of exchanges. Some settle for the large options of coins in and exchange while others settle for low trading fees.

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HOW TO CREATE AN ACCOUNT

ON POLONIEX

Creating an account on poloniex it's very easy and here are the simple steps on how you can create your account.

Screenshot_20201106_102928.jpgPoloniex Sign Up Page

  • First and foremost, you should visit Poloniex Website
  • Click on Create Your Account
  • Input your details like your Country, your email and your password.

Screenshot_20201106_102935.jpgPoloniex Sign Up Page

  • Click to verify and agree to their Terms Of Use by clicking the button and then click on Register.
  • Go to your email to click on a link sent by Poloniex and the verify your account.
    Congratulations, you now have a valid Poloniex account.

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HOW TO DEPOSIT FUNDS

ON POLONIEX

When it come to finding your Poloniex account, it is important to remember that you canโ€™t use fiat currency to fund Poloniex directly, you can only fund your Poloniex account with cryptocurrency.

Screenshot_20201106_092402.jpgPoloniex

Let take depositing bitcoin for instance.

  • On your Poloniex dashboard, click on the 3 lines on the top right part.

Screenshot_20201106_092417.jpgPoloniex Wallet

  • Click on Wallet

Screenshot_20201106_092427.jpgPoloniex Deposit

  • Click on deposit. A list of different cryptocurrencies would appear tha you can buy. Check for bitcoin then click on Deposit.
  • A page would appear with the deposit address for the bitcoin you want to deposit in your account with. Follow the steps and find your account successfully. It is important to note that the unique adress has to be copied and pasted correctly to avoid loss of the cryptocurrency you are depositing in your account.

Congratulation, your account has been funded successfully.

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PROS AND CONS OF POLONIEX

PROS

  • Trades various cryptocurrencies
  • Must be security conscious as a Us-based company
  • Charge blockchain fees for withdrawals and deposits only
  • Great customer support options
  • Easy to use and best for advanced traders
  • No verification except when trading gmbig amounts.
  • Low trading fee of most 0.125%

CONS
No traditional payment method like the use of credit/debit card since they have no affiliation with real physical money

  • Experienced a major hack in 2014
  • Has a history of losing people's money

ryazan-russia-june-17-2018-260nw-1116196511.jpgImage Source

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CONCLUSION

These is how to open a Poloniex account and how to fund it, I hope it was enlightening to you because with these you can start using Polonoex and it's great features for your trading.

Special mentions :
@steemcurator01
@steemcurator02
@steemitblog
@focusnow
@steemalive

Warm Regards,
@iamlynxie

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Subscribe :::Steemalive Website

Comments 10


I have made a post on my twitter page and below are the screenshot and link to the twitter post:

Screenshot_20201106_104537.jpgScreenshot Of Twitter Post

Twitter Link:
https://twitter.com/Louis48443691/status/1324649092669181953?s=19

twopercent #nigeria

06.11.2020 09:48
0

Very great

06.11.2020 09:57
0

Thanks.

06.11.2020 10:02
0

Poloniex is well known and most popular exchange,but in having experience with hacking. But it resolve all those issues with in short period of time.

For creating account and Trading just an email is enough. Good choice for Trading.

Nice post from you.

affable #india #twopercent

06.11.2020 09:58
0

Thanks for reading through my post @lavanyalakshman, Poloniex is indeed user friendly and great for trading.

twopercent #nigeria

06.11.2020 10:04
0

Yes my friend i agree. You give nice post ,Thanks for that.

affable #india #twopercent

06.11.2020 10:15
0

Thank you for taking part in the Spotlight on Poloniex Contest.

Keep following @steemitblog for the latest updates.

The Steemit Team

06.11.2020 13:10
0

Thanks for the upvote @steemcurator01, I would keep inputing my best to promote steemit.

twopercent #nigeria

06.11.2020 14:43
0

Wow so nice. Your write up is so impressive ๐Ÿ‘๐Ÿ‘Œ

07.11.2020 22:38
0

Thank you @vvarishayy, am glad you deem it fit and understandable.

twopercent #nigeria

08.11.2020 06:16
0