Poloniex Spotlight: Deposition, withdrawl and exchange of assets.
Continuing my experience with poloniex, this is third part of my exploration of poloniex. in this part , I'll be discussing about how to deposit assets, withdraw assets and exchange different cryptos on poloniex.
Deposition of assets.
As mentioned in earlier two parts, poloniex supports deposition of flat as well as crptos. Here is how to proceed.
Once you are in your poloniex account, go to top right corner
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Click on three horizontal lines and a menu will drop down, select wallet and than deposit
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Click on three horizontal lines and a menu will drop down, select wallet and than deposit
Search for desired asset like STEEM in search bar, you got to see steem in list . It will display Memo and Address. note down both.
Now proceed to steemit wallet and use the above given memo and address to transfer STEEM to Poloniex exchange.
You are done.
Check your poloniex wallet for the same.
Withdrawal of assets
Again go to your wallet, select the desired crypto that you want to withdraw, fill the adress, amount and memo very carefully. As we proceed, for security purposes, we will have to confirm it from email. I think, this reflects concern of poloniex for security.
How to swap an asset for any currency .
Assuming we have logged in, click on top right corner, select Exchange (first option).
Choose the target currency pair to trade . it means, the one that we have and the one we want to exchange it with. Suppose we have steem in out wallet and we to exchange it with USDT. So our target pair will be STEEM/USDT.
Thank you.
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