How to Trade and Withdraw from Poloniex

How to Trade and Withdraw from Poloniex


How to Trade in Poloniex


How to Trade Crypto in Poloniex on PC

1. Visit Poloniex.com, choose [Log in]
How to Trade and Withdraw from Poloniex


2. Click [Trade]

How to Trade and Withdraw from Poloniex

3. Click [Spot]
How to Trade and Withdraw from Poloniex


4. Select a trading pair to buy or sell. Take BTC/USDT as an example:
How to Trade and Withdraw from Poloniex

5. Select [Buy] BTC/USDT as an example:
  1. Click [Buy]

  2. Click [Limit]

  3. Enter The Price you want to buy that token

  4. Enter Amount of the token you want to buy

  5. Check Total amount

  6. You can choose the percent of Total amount you have.

  7. Click [Buy BTC]

How to Trade and Withdraw from Poloniex

6. You can review your order at [Open Orders]
How to Trade and Withdraw from Poloniex

7. If you want to cancel your order:
  • Click [Cancel]

  • Click [Yes, Cancel Buy]

How to Trade and Withdraw from Poloniex
How to Trade and Withdraw from Poloniex

How to Trade Crypto in Poloniex on APP

1. Open Poloniex App on your phone and Sign in to your Poloniex Account. Then Click [Markets]

How to Trade and Withdraw from Poloniex


2. Search a trading pair to buy or sell on the search bar.
How to Trade and Withdraw from Poloniex



Take BTC/USDT as an example:
How to Trade and Withdraw from Poloniex

3. Click [Trade]
How to Trade and Withdraw from Poloniex


4. . Take Buying BTC/USDT as an example:

Under Spot section:

  1. Click [Limit]

  2. Enter The Price you want to buy that token

  3. Enter Amount of the token you want to buy. You can choose the percent of Total amount you have.

  4. Check Total amount

  5. Click [Buy BTC]


How to Trade and Withdraw from Poloniex

5. Click [Confirm Buy] to confirm your Buying
How to Trade and Withdraw from Poloniex


6. You can review your order. Click [Open Orders and Market Trades]
How to Trade and Withdraw from Poloniex
You can see your Orders under [Open Orders] section:
How to Trade and Withdraw from Poloniex
7. If you want to cancel your order:
  • Click [Cancel]

  • Then click [Cancel Buy]

How to Trade and Withdraw from Poloniex
How to Trade and Withdraw from Poloniex

Frequently Asked Questions (FAQ) about Trading:

Stop-Limit Orders Explained

A stop-limit order is an order to place a regular buy or sell order (also known as a "limit order") when the highest bid or lowest ask reaches a specified price, known as the "stop." This can be helpful for protecting gains or minimizing losses.

Usually a stop-limit order will be executed at a specified price, or better (i.e. higher or lower than the specified price, depending on whether limit order relates to a bid or ask, respectively), after a given stop price has been reached. Once the stop price is reached, the stop-limit order becomes a limit order to buy or sell at the limit price or better.
 

Limit Orders Explained

You should use limit orders when you are not in a rush to buy or sell. Unlike market orders, the limit orders are not executed instantly, so you need to wait until your ask/bid price is reached. Limit orders allow you to get better selling and buying prices and they are usually placed on major support and resistance levels. You may also split your buy/sell order into many smaller limit orders, so you get a cost average effect.
 

When Should I Use a Market Order?

Market orders are handy in situations where getting your order filled is more important than getting a certain price. This means that you should only use market orders if you are willing to pay higher prices and fees caused by the slippage. In other words, market orders should only be used if you are in a rush.

Sometimes you need to buy/sell as soon as possible. So if you need to get into a trade right away or get yourself out of trouble, thats when market orders come in handy.

However, if youre just coming into crypto for the first time and you are using Bitcoin to buy some altcoins, avoid using market orders because you will be paying way more than you should. In this case, you should use limit orders.

How to Withdraw from Poloniex

Transfer Crypto from Poloniex to other platforms [PC]

1. Visit Poloniex.com, choose [Log in]
How to Trade and Withdraw from Poloniex


2. Click [Wallet]
How to Trade and Withdraw from Poloniex

3. Click [Withdraw] at the top right corner of the screen
How to Trade and Withdraw from Poloniex


4. Under [Balances] section:
  • Select Asset to Withdraw. Take USDT as an example.

  • Choose the asset you wish to withdraw in the list below

How to Trade and Withdraw from Poloniex

5. Take USDT as an example:
  1. Choose the network

  2. Enter the destination address you want to send your asset to other platform

  3. Enter the amount you wish to send.

  4. If youd like to withdraw all your funds, you can click [Max Amount] to do this easily.

  5. Check the transaction fee

  6. Check total amount you will withdraw

  7. Click [Continue], and review your withdrawal before confirming via the Withdraw [Asset] button. 


How to Trade and Withdraw from Poloniex

Note:
It takes several minutes for a transaction to be complete as several confirmations are required. Depending on network congestion, it usually does not take more than 4 hours to complete. Finally, a user confirmation is needed to complete the step. Customers with two-factor authentication enabled for their withdrawals do not receive email confirmations.


 

Transfer Crypto from Poloniex to other platforms [APP]

1. Open Poloniex App on your phone and Sign in to your Poloniex Account. Then Click [Wallet]

How to Trade and Withdraw from Poloniex
 

2. Click the icon 2 arrows

How to Trade and Withdraw from Poloniex
 

3. Click [Withdraw]
How to Trade and Withdraw from Poloniex


4. Choose the asset you wish to withdraw in the list. Take USDT as an example:
How to Trade and Withdraw from Poloniex

5. Take USDT as an example:

  1. Enter the amount you wish to send.

  2. Choose the network

  3. Enter the destination address you want to send your asset to other platform

  4. Check the transaction fee, total amount you will withdraw

  5. Click [Continue], and review your withdrawal before confirming via the Withdraw [Asset] button. 



How to Trade and Withdraw from Poloniex
Note:
It takes several minutes for a transaction to be complete as several confirmations are required. Depending on network congestion, it usually does not take more than 4 hours to complete. Finally, a user confirmation is needed to complete the step. Customers with two-factor authentication enabled for their withdrawals do not receive email confirmations.

Frequently Asked Questions (FAQ) about Withdrawal:

Can I withdraw my coins and cash out to my card  through Simplex?

No, you can only use Simplex to buy crypto and have it deposited to your Poloniex account. Withdrawals are not supported at this time.
 

What if I withdraw my USDT-ERC20 to my USDT-TRON address(and vice versa)?

Our system is able to identify the different types of address and will prevent one type of coin being deposited into the wrong type of address.
 

How long does it take my withdrawal to arrive? 

It takes several minutes for a transaction to be complete as several confirmations are required. Depending on network congestion, it usually does not take more than 4 hours to complete. Finally, a user confirmation is needed to complete the step. Customers with two-factor authentication enabled for their withdrawals do not receive email confirmations.
 

Confirming Your Withdrawal

Poloniex offers two different options for securing and authenticating withdrawals. The default option is confirmation via email. The other is confirming via 2FA.
 

Increasing Withdrawal Limits

If you are an individual looking for more information on withdrawal limits, or to access additional security precautions like address whitelisting, please reach out to contact our support team.

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