Poloniex
Total reviews 17
No complaints yet
2.8

Withdrawal of funds Poloniex


Poloniex – that crypto exchangewhich offers spot and futures trading. To start working on the service terminal, to deposit and withdraw funds, the user must create an account on the site poloniex.com. To do this, you must fill out a registration form, in which you must enter an e-mail, a password (at least 8 characters), and an invitation code (if available). Also, the trader must agree with the service’s policies and the processing of personal information.

When the form is filled out and submitted, an email will be sent with a link to confirm the account creation. By clicking on it, the client can authorize on the exchange site and use its functionality. In the course of trading the user can withdraw the earned funds or the money that was first deposited to the Poloniex balance.

poloniex.com withdrawal of funds

Cryptocurrency withdrawal

Coins can be withdrawn from the balance on the exchange site through a personal account, using the “Withdrawal” option. Some currencies have additional requirements, including a minimum withdrawal amount. It is important to pay attention to all the notes that appear in the withdrawal form after selecting a cryptocurrency. Step-by-step instructions:

  • Select the currency for withdrawal from those that are on the balance of the exchange.
  • Open a third-party wallet to generate a deposit address.
  • Copy the address and enter the amount.

It will take time to complete the operation, because several confirmations must be made. It takes no more than 4 hours, taking into account the load on the network. At the end of this step, you will need a confirmation from the trader.

Confirmation of conclusion

Polonix offers 2 ways to protect and authenticate the output procedure. By default, e-mail confirmation is available. The other option is 2FA. Using e-mail is more secure because you need multiple access points. In this case a confirmation e-mail will be sent to you. In it you will get a link to confirm the withdrawal. The message will be sent from the email: [email protected]. If such email did not come within 2 days, create a ticket of appeal to the Poloniex support team.

Polonix output confirmation

To use 2FA, you must enable this function in your personal cabinet. In this case the user will be able to enter the code when withdrawing money. If you want, you can refuse e-mail verification, so that the withdrawal will be made after entering the code. To configure the option, you must go to the page with 2-factor authentication, enable the function and specify whether to check e-mail.

Limits

Withdrawal limits depend on the user’s account level. After registration on Poloniex and email confirmation, a trader receives a Level 1 account. Such clients can withdraw up to $10,000 per day. USD per day. If two-factor authentication is enabled, withdrawal limits increase up to $50,000 per day. The withdrawal limits go up to $50,000 per day. You must go through a verification process to get verification level 2. Verified users can withdraw up to $500,000 per day. Users who verify their identity can withdraw up to $500,000 per day. With 2FA enabled, the withdrawal limit is $1,000,000 per day. With 2FA enabled, the withdrawal limit is $1,000,000 per day.

To have a withdrawal limit greater than $1,000,000. A Level 2 account with 2-factor authentication enabled and whitelisted withdrawal addresses is required. This is a security measure that ensures money is sent to authorized wallets. To take advantage of this feature, contact the Poloniex administration.

Disconnected Coins Output

Some wallets are disabled for a certain period of time, and there may be several reasons for this. They are shut down for fork, maintenance, upgrades. During this time, withdrawal is not available. Any previously created withdrawal requests will be processed automatically after the wallet is turned on. It also happens that a wallet is disabled forever. This means that the coin is removed from the list. The exchange administration announces the delisting and deletion terms in advance. If the user keeps a balance in the disabled asset, it will be archived and unavailable for withdrawal.

Poloniex withdrawal of disconnected coins

Withdrawal via mobile app

Users can withdraw funds from their balance on the exchange through the mobile application Poloniex. To do this, you need to do the following:

  • Open the application and log in. Click the “Withdraw” button at the bottom. You can also click on the coin you want to withdraw and click “Withdraw.
  • Enter the destination address (you can scan the QR code) and specify the amount. Additional security measures will be needed to complete the withdrawal.
5.00 / 1
Leave a review

Reviews

The company in the ratings
RatingPlace
Site Map