Steemit Crypto Academy | Homework 2 @besticofinder |Poloniex|
Hi all,
Steemit Kripto Academy articles are increasing in popularity. I will write articles for this community for now, because my articles on other topics are not liked or supported.
In my current article you are reading, I will show you how to open an account in a stock exchange, how to perform identity verification transactions, details of deposit and withdrawal transactions, trading transactions with visuals.
Our Exchange: Poloniex
Poloniex is one of the oldest exchanges established in 2014. You can access it via https://poloniex.com. It is possible to trade with hundreds of trading pairs on the exchange. In the stock exchange, transactions such as staking and lending are carried out other than trading.
The most popular markets, according to coinmarketcap data.
Account opening and account verification
After entering the e-mail address, password, password once more, we click on the required place for confirmation. Then we approve the e-mail sent to our e-mail address.
Identity verification is required to take advantage of high limits and opportunities. For authentication, it is necessary to fill in the profile information section completely and upload the requested documents to the site. After this process, your account will be confirmed.
Deposit and withdrawal
As seen in the picture, we enter the wallet section to make a deposit. For example, Aave, the coin that we will deposit money. Aave gave us an address to deposit, and when we invest in that address, the money will be processed into our account. Since I do not have money in my account, I cannot show the withdrawal process, but we also do transactions on other exchanges here. If the coin traded on different networks, we first select the network, then enter the address where we will withdraw the money. Our withdrawal will be confirmed after email and phone confirmation.
Buying and selling in the stock exchange
We click on the Exchange section on the upper left. The purchase page appears. Let's trade with the Steem / Trx pair. When we write the price and the price we want to buy, our transaction takes place.
There is the selling part right next to the buy part. When we write down the price and how many coins we will buy in that part, our transaction will take place. Of course, in order for buying and selling transactions to take place, there must be another user who wants to buy the amount and quantity we have written.
I shared my article on twitter. Respects.