How to buy bitcoin on poloniex

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Sign-up on Poloniex To get started, access the exchange site here. The first thing you need to do in order to buy Bitcoin on Poloniex is to create an account. To create an account on Poloniex, click on the button below and follow the instructions. You will receive a confirmation message from Poloniex sent to your email. Locate that message and click on the link to validate the registration process.

Once the link is clicked, you will be routed to the Poloniex page confirming that your email address has been validated. Sign in with your registered username and password to continue. Great job! You have successfully created an account on Poloniex. Validate your Poloniex account Validating your Poloniex account is a vital process and must be followed.

After submitting the ID photos, you can go to your profile to check on the status of the ID verification process. Way to go! You have verified your identity on Poloniex. First up, you have to enter input some of your profile information. Enter your mobile number and set the country code accordingly. Next up you need to select the type of document that you wish to scan and show as proof of identity. The images will be taken automatically by the AI sensors.

Post this, you need to take a selfie. Once it captures the images, the process will be completed and your documents will be uploaded for verification. With this your account is fully functional and ready to carry out trades. Understanding the App Markets On this tab you can see the live market prices of all the crypto tokens listed on Poloniex.

To view the prices, first select the base token found on the top. These prices are updated round the clock, so you have the exact prices shown to you. With this you can access your favorite pairs easily without having to scroll and search everytime. Under the Balances tab you will find a summary of your holdings in terms of crypto and what it is worth totally. The Orders tab will display all the instruction that have been initialized to buy or sell a crypto at a specified rate.

The order remains valid until executed or cancelled. Finally the Trades tab, will display all the executed orders. Every trade is based on one specific order, but one order can generate multiple trades. Alerts Due to the quick fluctuations in the market, it can be pretty hard to keep track of the prices of the crypto.

Therefore it is important to set alerts during various movements in the market. You can set alerts for various cryptocurrencies under this tab. Next select your trading pairs, and set the price at which you would like like to be notified or alerted. The current base price would be shown on the top while setting the price for your reference. Next select the coin that you want to deposit. Every coin has a separate address that you need to use while depositing, else the coins will be lost.

On selecting the coin, the respective address will be displayed. From here you can copy the deposit address or even share the address to another crypto user. You can also simply, use a QR code reader to scan the code and directly deposit the required amount into the account.