Transferring funds and trading on Poloniex (Complete Tutorial)

aotearoa (67)in #cryptocurrency • 7 years ago (edited)

Hello Steemers, good afternoon

Carrying on with the 'How to build a bulletproof cryptocurrency portfolio (101)', today we are going to talk on how to transfer funds and trade on Poloniex

As previously mentioned on the post Why Poloniex and how to setup your account (https://steemit.com/curation/@aotearoa/why-poloniex-and-how-to-setup-your-account) we showed you the interface and basic operations using a Poloniex profile.

To transfer funds to Poloniex, so you can start trading, simply go to the tab balances and then select deposits and withdraws (just like the picture below)

After selecting this path, the screen you'll have is this one:

Then, to perform the deposit, the person will have no problem to deposit any currencies, since the wallet addresses have already been created by Poloniex platform.

Simply click on deposit and the deposit wallet address will be shown to you (like in the picture below):

Aftetr the network confirmations, all the credits will automatically appear on your account balance.

How to trade:

Trading on Poloniex is just as simple as performing the deposits.

There are three types of trading:

Instant trade (when the person trades using the buy/sell fields on the exchange section of Poloniex)
Stop/Loss trade (when the person uses the stop/limit field on the exchange section of Poloniex)

Margin trade (when the person prefers to trade using loans acquired using collateral deposits (to cover this loans)). This option is performed on the margin trading section of Poloniex.

Well, I guess that's all for this post.

Please let me know your thoughts, and, if you liked this post, please #upvote and #resteem it. Together we can grow #Steemit even stronger!!!

Other posts of this series:

How to build a bulletproof cryptocurrency portfolio (101) - https://steemit.com/cryptocurrency/@aotearoa/how-to-build-a-bulletproof-cryptocurrency-portfolio-101

What is a bulletproof cryptocurrency portfolio and why should you have one? -https://steemit.com/cryptocurrency/@aotearoa/what-is-a-bulletproof-cryptocurrency-portfolio-and-why-should-you-have-one

Which coins I recommend to be stored and their distribution -
https://steemit.com/cryptocurrency/@aotearoa/which-coins-i-recommend-to-be-stored-and-their-distribution

How to pick other promising altcoins - https://steemit.com/cryptocurrency/@aotearoa/how-to-pick-other-promising-coins

What's the mining process, and why is it so important to the bulletproof portfolio strategy? - https://steemit.com/cryptocurrency/@aotearoa/what-s-the-mining-process-and-why-is-it-so-important-to-the-bulletproof-portfolio-strategy

Eobot complete tutorial - https://steemit.com/curation/@aotearoa/eobot-complete-tutorial

Genesis Mining complete tutorial - https://steemit.com/curation/@aotearoa/genesis-mining-complete-tutorial

Plan C Mining complete tutorial - https://steemit.com/curation/@aotearoa/plan-c-mining-complete-tutorial

Why you should have a Ledger Nano S or a Nano Blue? - https://steemit.com/curation/@aotearoa/why-you-should-have-a-ledger-nano-s-or-a-nano-blue