Nowadays, cryptocurrency trading is developing rapidly, and, accordingly, services for working with them are gaining more and more users. The Polonix Exchange is no exception. Despite the fact that the site’s interface does not have a Russian-language version, Russian users have long taken note of it. It’s easy to register and trade there, but what to do next? How to get earned?
Undoubtedly, many users are interested in the question of how to withdraw money from the Poloniex exchange. In fact, making a translation from this resource is very easy. However, a direct withdrawal of funds is not possible. The currency that is available on this exchange is tied to the dollar and its exchange rate, but users from Russia cannot withdraw money using a direct transaction. You will need special services.
If you have some currency on the Internet, you need one of these methods to cash out:
- Exchange the currency in Poloniex to BTC, and then cash out in any way available for bitcoins.
- It can be transferred to the air or displayed directly through foreign functionals.
It is difficult to determine which method is better, since with a different course everything happens in different ways.
How to withdraw money using Bitcoins in Poloniex
This is the most convenient and popular way: for example, transferring ether or another currency to Bitcoin, and then cashing out through special services.
If you withdraw money to Bitcoin with Poloniex in several services, then you should focus on the most profitable rate. If you have accumulated another currency, simply transfer it in the Exchange section to BTC. When withdrawing money from Poloniex, a certain amount is charged (that is, a commission), it is 0.00001 BTC per transaction. Accordingly, the cost of the minimum transaction (withdrawal amount) should be greater than this commission. It is best to transfer not the entire amount at once, but do it gradually, choosing the most optimal exchange rate.
How to withdraw received bitcoins
So, you managed to figure out how to withdraw money to Poloniex, and you managed to get cryptocurrency. How to make a further exchange or transfer?
To date, the following features are known through which you can bring BTC to other denominations:
- you can transfer bitcoins to a card of Sberbank or any other bank;
- make a transfer to a Qiwi wallet;
- withdraw bitcoins to Yandex Money service.
How to find the right exchanger?
Depending on your choice of how to withdraw money from Poloniex via cryptocurrency, you should find an exchange resource suitable for you. In order not to be mistaken with the choice of such a service, check the name of the site you selected in the rating list of scammers. The list of exchangers working honestly is quite large, so it’s worth stopping only at the most famous and often used ones.
So, if you withdraw funds through Tytcoin, the minimum transaction is 0.04 BTC. For this reason, this service does not seem to be the best option for withdrawing money to Poloniex. However, the exchanger offers a very profitable system of accumulating discounts. You can also withdraw money on X-pay. Here, the minimum withdrawal amount is 0.003 BTC. There is also an excellent discount system, and the service transfers funds to the accounts of such banks as Sberbank, VTB, Tinkoff, Alfa Bank.
Speaking about how to transfer money from Poloniex to a card, you should pay attention to such a service as “50cent”. It allows you to transfer to Sberbank or VTB cards, and the minimum transaction is 0.03 BTC. In any case, choose an exchanger where they will offer you a larger amount of money for 1 BTC, and register on the site to get a discount. This is also true for services that specialize in how to withdraw Poloniex money to Qiwi.
How to carry out such an operation?
When you have decided on the exchange service, open your personal account in the Poloniex interface, then find the “Balance” tab. After that, go to the Deposits & Withdrawals submenu, then go to the list of cryptocurrencies and select Bitcoin, click Withdrawals. A form will appear in a new window in which you need to specify the amount of output. It will be written off from your account and, of course, they will count some commission. The transaction amount will be indicated in the Total window, it will be calculated automatically. The next column will indicate the size of the commission.
How will the transfer go?
After you have completed everything, you can pay for the action. The service intermediary provides the contacts of your wallet. You need to copy it to the address bar to transfer funds to Poloniex. After that, click on the Withdraw icon. This was the last action to pay, now you can make an exchange.
This concludes the instructions explaining how to withdraw money to Poloniex. Expect funds transfer. Transfer times for all exchangers are different. It is likely that the Poloniex exchange makes transfers instantly, but the exchangers have manual processing of orders, rather than automatic, which takes some time. Also, the transfer time depends on the day of the week, bank, withdrawal currency, etc. The waiting period is from several hours to several days.
What else do you need to remember?
Do not forget that the commission is also charged by the exchanger site. On the main page of the resource you selected, you need to select the currency that you give and which you want to receive, for example, rubles on MasterCard. Next you need to indicate your initials, then the bank card details, phone number and withdrawal amount. If you plan to withdraw an amount of about $ 2,000 per day, then you will need verification, but if not, then this procedure is not necessary at all. If you go to high speeds, you need to provide the exchange with information about yourself, as well as copies of identity documents. Limitations for withdrawal will be removed only after checking all the information you provide.