How to trade on Poloniex exchange? Poloniex Exchange Trading Tutorial

To start trading on Poloniex you need to: create an account, enable 2FA, top up funds, find a currency pair, place an order, cancel an order, view trading history and withdraw funds.

Poloniex exchange trading tutorial

Step 1: Create an account

Log in to the Poloniex website and click the "Register" button in the upper right corner. Provide your email address, password and referral code (if applicable).

Step Two: Enable Two-Factor Authentication (2FA)

For enhanced security, it is highly recommended to enable 2FA. Install the Google Authenticator app and enter the code generated by the app.

Step 3: Recharge your account

Click the "Balance" tab at the top, select the currency you want to recharge, and click "Recharge". Copy the address provided and use it to send funds from other wallets or exchanges.

Step 4: Find the currency pair you want to trade

In the top menu, select the currency pair you want to trade (for example, BTC/USDT). You can see charts, order books, and trade history in the trading view.

Step 5: Place a limit order

Click the "Limit Price" tab and enter the amount and price you wish to buy or sell. You can choose "Buy" or "Sell" depending on your trading intentions.

Step 6: Place a Market Order

Click the "Market Price" tab and enter the amount you wish to buy or sell. The order will be executed immediately at the current market price.

Step Seven: Cancel Order

To cancel an unexecuted order, click on the "Active Orders" tab. Find your order and click Cancel.

Step 8: View Transaction History

Click on the "Transaction History" tab to view a list of executed orders. You can filter by time, currency pair or trade type.

Step 9: Withdraw Funds

To withdraw money, click on the "Balance" tab at the top, select the currency you want to withdraw, and click "Withdraw". Enter the withdrawal address to which you want to send funds and complete the transaction.

Tip:

• Use stop-loss and limit orders to manage risk.
• Verify all information before executing transactions.
• Check your balance and transaction history regularly.
• Please note that cryptocurrency trading involves risks. It’s important to conduct research and due diligence before investing.

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