BlockMedia.com Report – Moving from Poloniex to Bittrex exchange.
I have to move my crypto currency STEEM from Poloniex to Bittrex so I can transfer them to my Steemit account.
As of this time, Poloniex STEEM is “Temporarily Disabled” for the last two days. A fellow steemian investors told me, his STEEM is on hold for four weeks. This is the reason I am moving from Poloniex to Bittrex to Steemit, instead of simply moving from Poloniex to Steemit. I need STEEM or Steem Dollar in my steemit account so I can buy services of other members.
This procedure assumes that you already have a verified account from Poliniex, Bittrex and Steemit platform.
Let’s begin.
From Poloniex. I have a STEEM so I need to sell it first in Exchange to convert to BTC.
After clicking Sell, wait for a few minutes to complete the transaction then check your BTC total. From Poloniex, click on Balances, then click Deposits and Withdrawals to see your total balance. Click the Total Balance field if sort it out. See sample below.
I successfully converted from STEEM to BTC, now ready to transfer my BTC to my Bittrex BTC Address ( 1LAxTSskRt7ngPnS8Lw4C9Cm9t7e7xUy4C ).
From Poloniex balance, click the Withdraw link of my bitcoin. I will enter my Bittrex BTC address 1LAxTSskRt7ngPnS8Lw4C9Cm9t7e7xUy4C as the recipient and amount to transfer. Like as shown below.
PLEASE NOTE: If you place an incorrect BTC address, you will not be able to recover your money. Double check or triple check the address before your transfer/withdraw.
Click Withdraw to proceed.
I have a Two-Factor Authentication enabled (highly recommended) to my Poloniex account, so I need to key the randomly generated pin code.
Then check your email for another confirmation to complete your withdrawal.
After clicking the email confirmation, you will receive your final confirmation.
You withdrawal is confirmed.
I can also check the history of my withdrawal. Click on Balances, then History. You will see the date of transaction, the amount of coin and the recipient address.
Now let’s login to Bittrex.com website to check if we receive our BTC. From Bittrex, click on Wallet tab, the first in line is Bitcoin.
At this time, still at “Pending Deposit“. We have to wait for a few minutes to complete the transaction.
Now we have BTC on Bittrex in Available Balance. We can now buy SBD (or STEEM).
From Bittrex, click on Market tab and search for SBD (or STEEM). I’m using SBD as an example here. Buy the amount you want to purchase.
Click on Buy SteemDollars when you’re ready.
Click on Confirm to proceed.
Click Wallet to check our SBD purchased.
Now we are ready to withdraw (transfer) my SBD to my steemit account. Simply click on (-), enter the memo and your registered acct “yehey”, click on Withdrawal to proceed.
I have Two-Factor Authentication enabled (again highly recommended to protect your account, remember your account is your money), bittrex will require the 6 pin code to proceed.
Let’s go to steemit.com and login to verify receiving my SBD.
I hope this step-by-step procedure will help someone out there. Let me know if you have any questions.
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Thank you.
