Crypto Academy Week 2 Homework Post for @besticofinder (100% Power Up)steemCreated with Sketch.

in SteemitCryptoAcademy3 years ago (edited)

Hello my Steeming buddies, the crypto academy is really engaging and enlightening with numerous homework for us and I am here with one of my entry. I want to show you how to sign up on Poloniex Exchange, get verified, deposit and withdraw funds from the exchange so stay tuned.

INTRODUCTION

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Poloniex

Poloniex exchange was launched in 2014 by Tristan D'Agosta and it's been a popular cryptocurrency exchange for anyone buy, sell and trade the listed cryptocurrencies on Poloniex likes bitcoin, ethereum etc. The company is located in Delaware USA and they make profits from transaction fees gotten from everyday transactions done by their users.

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HOW TO COMPLETE ACCOUNT REGISTRATION ON POLONIEX

Below are simple steps and descriptions on how complete account registration on poloniex;

Screenshot_20201106_102928.jpgPoloniex Sign Up Page

  • Go to your browser and visit Poloniex Website

  • Click on Create Your Account

  • Provide the necessary details as requested like your email and password

Screenshot_20201106_102935.jpgPoloniex Sign Up Page

  • Click to verify and and then highlight the button for User Agreement, Privacy Policy, Cookie Policy And e-sign consent then click on Sign Up button.

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HOW TO VERIFY YOUR ACCOUNT REGISTRATION ON POLONIEX

  • Go to your email inbox to check for a verification message from poloniex, if it is not in the inbox then check your spam messages

  • Click on a link sent to your email by Poloniex, you would be redirected to your browser.

  • You might be signed in automatically or asked to sign in, when you do so successfully then your poloniex account has been verified.

Congratulations, you now have a valid Poloniex account.

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HOW TO DEPOSIT FUNDS

ON POLONIEX

Poloniex exchange doesn't support the use of *FIAT* currencies to fund directly, so the way it's users fund their Poloniex account is through cryptocurrency.

Screenshot_20201106_092402.jpgPoloniex

For better illustration I would be using bitcoin(Btc) as an example;

  • On Poloniex dashboard, click on the 3 lines located on the top right side.

Screenshot_20201106_092417.jpgPoloniex Wallet

  • Click on Wallet

Screenshot_20201106_092427.jpgPoloniex Deposit

  • Click on deposit, a list of different cryptocurrencies would pop up some check for bitcoin

  • Click on Bitcoin and then click on Deposit.

  • On the next page you would see the deposit address for the bitcoin you want to deposit in your poloniex account.

  • Copy the unique address and paste it correctly on the Wallet you are sending from.

Congratulation, your account has been funded successfully.

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HOW TO WITHDRAW FUNDS FROM POLONIEX

  • On Poloniex dashboard, click on the 3 lines located on the top right side.

Screenshot_20201106_092417.jpgPoloniex Wallet

  • Click on Wallet

Screenshot_20210218_150827.jpg
Poloniex Withdraw

  • Click on Withdraw, a list of different cryptocurrencies would pop then you select the cryptocurrency you want to send pending on the one you have available. Let's use Bitcoin(btc) as an example here.

  • Then go to your external Wallet like LUNO were you can sell your cryptocurrency for FIAT

Screenshot_20210218_151631.jpg
Luno Dashboard

  • On the dashboard click on Wallet

Screenshot_20210218_151642.jpg
Luno Wallet

-In the Wallet Click on Bitcoin(Btc)

Screenshot_20210218_151650.jpg
Bitcoin Wallet In Luno

  • Click on Recieve

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List of Bitcoin Address On Luno

  • Chose a specific address is you have more than one that you created.

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Chosen Bitcoin Address

  • Simply Copy the Bitcoin Address by clicking on the little boxes marked in the screenshot above

  • You go back to the space were you need to paste the address on Poloniex, input the amount of Btc you want to withdraw and then complete steps to withdraw your Btc from Poloniex to an External Wallet(Luno) were you can now sell/convert to *Fiat.

Congratulation, your withdrawal is successful.

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CONCLUSION

The above are just but a brief guideline on how you can setup a trading account on Poloniex exchange, I am in the hope that with these **You Can Successfully Setup Your Trading Account On Poloniex**. Thank you @besticofinder for an awesome experience in showcasing what we know about the exchanges you listed above.

Cc;

@steemcurator01
@steemcurator02
@besticofinder
@stephenkendal
@trafalgar
@gunthertopp
@cryptokannon
@focusnow
@whitestallion
@brightobias

Warm Regards,
@iamlynxie

STEEMIT
TO
GREATNESS

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I have made a post on twitter with the link to this my post, below is the screenchot and link to the twitter post;

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Screenshot Of Twitter Post

Twitter Link;

https://twitter.com/iamlynxie/status/1362432286944288769?s=19

Thank you.

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