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Part II How to Buy Monero on Poloniex To keep fees as low as possible, well buy both Bitcoin and Monero on real exchanges. No need to get clever. In case your trade has a problem, they will send the Bitcoin back to that address.
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Registration is pretty straightforward, requiring things like your name, email, and a verification of your identity (eg: pictures of your drivers license, etc). Put simply, Poloniex is a digital asset trading service.
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Click the underlined number next to Lowest ask. Be a maker by creating a limit order and waiting for the sellers to come to you. Next, youll go to and set it up for Bitcoin-to-Monero trades by clicking on the two big currency logos, and then clicking Continue. If you look between the red and green prices, youll see a gap. In some cases, customer patience may be worn quite thin as a result of the expectation of a fast-moving and seemless transaction process in the cryptocurrency space.
Poloniex - Bitcoin/Digital Asset Exchange
You can do this by typing XMR into the search box, or by clicking the Hide 0 Balances option at the top. One Poloniex user has reported waiting more than 5 months for an order to completely process, in spite of numerous attempts to reach the Poloniex customer service team in order to address the issue. (See also: Bitcoin and Altcoins: Are There 2 Crypto-Bubbles?
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If your transfer has completed and you have US dollars in your gdax account, its time to get your hands dirty on an actual exchange. Nobody really knows where the price is going, so the best advice for most people is to ignore the current graph, trends, etc and just buy the Bitcoin. Here you can buy Bitcoin with just a few clicks.
Poloniex, xMR/BTC Charts - BitcoinWisdom
Scroll down to the Buy XMR box in the lower left side. Cookie Use and, data Transfer outside the. Copy this to your clipboard and go back to gdax (or whatever exchange you used to buy Bitcoin). Every trade occurs between two parties: the maker, whose order exists on the order book prior to the trade, and the taker, who places the order that matches (or "takes the maker's order. My 5 purchase at Coinbase exchanged through Shapeshift resulted.48 Monero (XMR) in my wallet.
Poloniex vs Bittrex Exchange Comparison - CoinCentral
In the upper right click on the link Wallet address. Shapeshifts big hairy gorilla: fees Despite its ease and anonymity, there are some weaknesses with the Shapeshift process outline above, specifically that their exchange rate is pretty bad. What Are the New Fees?