Poloniex is a cryptocurrency exchange platform. You can trade one cryptocurrency with another. For example, if you want to invest in Factom, you will not be able to buy them directly. What you will need to do is to buy Bitcoins from Pocketbits or Zebpay. Transfer the Bitcoins to your Poloneix account. If you do not have any Poloneix account, you can sign up now. To buy any other cryptocurrencies, you will have to trade with your Bitcoins.
How to send Bitcoins from Pocketbits/Zebpay to Poloniex account?
Step 1: Login to your Poloniex account
Step 2: Take your cursor to balances
Step 3: Click on Deposit and Withdrawals
Step 4: click on Deposit and Withdrawl History
Step 5: You would see a lot of cryptocurrencies. Find out Bitcoin and Click on DEPOSIT
Step 6: Copy the wallet address.
Step 7: Go to your Pocketbits/Zebpay account and transfer whatever Bitcoins you have in your account to this wallet address.
Step 8: Wait for some time for the process to get completed. It usually takes 30 minutes to reflect on your Poloniex account.
How to trade Bitcoin with other cryptocurrencies in Poloniex?
Once you have transferred the amount to your Poloniex account, it is time to get some new cryptocurrencies in exchange of your Bitcoins. This is super easy actually.
Choose any coin you would like to invest in. Click on it.
It will show you a graph showing how the progress has been for the cryptocurrency.
Just below it, you will have an option to buy.
Enter the amount in BTC, or that of the cryptocurrency and hit BUY. Tada! Done.
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