Spotlight on Poloniex Contest and BTC Net Deposit Campaign by @mekzikh

mekzikho (51)in STEEM NIGERIA • 4 years ago

Spotlight on Poloniex Contest and BTC Net Deposit Campaign by @mekzikho

INTRODUCTION

This article will give you the knowledge of #poloniex contest and BTC Net Deposit Campaign. INTRODUCTION
This is my first entry of all the series of contest announced @steemitblog, well having red through the rules guiding the contest and have red the poloniex exchange profile, i will be taking my bearing on the following

The Meaning of Poloniex & Exchange
The Origin of Poloniex
The Origin of BTC
The Advantages of Poloniex
The Disadvantages of Poloniex

THE MEANING OF POLONIEX & CRYPTOCURRENCY EXCHANGE:

Poloniex is a digital asset trading service. It is a type of exchange through which users can transact in different digital currencies around the world. In this way, Poloniex is very similar to any of an ever-increasing number of digital currency exchanges headquartered in various countries.

As digital currencies have become increasingly popular in recent years, investors have found new ways to conduct business in the space. New startups, apps, modes of fundraising, tokens and currencies themselves have all entered the market at a rate that is sometimes astonishing.

"According to NATHAN REIFF, for more information.
" ^Source

THE ORIGIN OF POLONIEX CRYPTOCURRENCY:

Poloniex is a cryptocurrency exchange founded in 2014 in the USA by the company Tristan D'Agosta; is based in Wilmington, Delaware. In February 2018, it was bought by the company Circle Internet Financial Ltd.

The industry has changed quickly in its short history, and that has led many investors to be cautious when it comes to potential security risks. Since in early 2014, Poloniex has emerged as one of the most important and polarizing names in the world of digital asset exchange, largely for its relationship with user and transaction security. And i strongly believe that poloneix will upgrade higher than human expectations.

ORINGIN OF BITCOIN CRYPTOCURRENCY:

Bitcoin is a cryptocurrency created in 2009. Marketplaces called “bitcoin exchanges” allow people to buy or sell bitcoins using different currencies. Bitcoin is a new currency that was created in 2009 by an unknown person using the alias Satoshi Nakamoto. Transactions are made with no middle men – meaning, no banks!
Bitcoins are stored in a “digital wallet,” which exists either in the cloud or on a user’s computer. The wallet is a kind of virtual bank account that allows users to send or receive bitcoins, pay for goods or save their money. Unlike bank accounts, bitcoin wallets are not insured by the FDIC.

Bitcoin x TRON Net Deposit Campaign Information is to celebrate our new multi-chain deposit and withdrawal support for Bitcoin on TRON (BTCTRON), we’re beginning a 30-day net deposit campaign for Bitcoin where users can earn APR rewards based on their total net deposits over the campaign period. The top 40 net depositors over the campaign period will earn additional prizes. At the end of the campaign, we will convert the total net deposits from this campaign from BTC to BTC on TRON.

"Research for more information on Bitcoin x TRON Net Deposit Campaign. " ^Source

"more information. " ^Source

ADVANTAGES OF POLONIEX:

#Advantages. One of the main advantages of using Poloniex is the huge range of cryptocurrencies. This includes major coins such as Ripple, Steem, Monero and Bitcoin Cash. However, Poloniex also lists smaller cryptocurrencies like BlackCoin, Bela and Burst!
And what make Poloniex difference is the way many other exchanges are structured, however, is the fact that it is designed as a pure digital-currency-to-digital-currency exchange. Users may only transact in cryptocurrencies. That means ; A #Crypto-to-Crypto Exchange.

#Security, #Insolvency, and #Hacking Concerns, Poloniex is the most cryptocurrency exchanges, Poloniex has made it a priority to guarantee that users experience safety and security while transacting. As such, Poloniex ensures that "the vast majority of customer deposits are stored offline in air-gapped cold storage. The exchange only keeps enough online to facilitate active trading, which greatly minimizes risk and exposure" to hackers and other threats.

Besides that, the exchange maintains vigilant monitoring and auditing systems which work to protect user assets around the clock. Even with these security measures in place, though, there have been user concerns regarding Poloniex's security and solvency.

DISADVANTAGES OF POLONIEX:

One of the main disadvantages of using the Poloniex platform is that it does not allow you to use traditional payment methods such as a debit/credit card or a bank account.

link" ^Twitter

CONCLUSION Poloniex remains a great exchange platform to everyone, but also recommend to my many recruits. I hope that this platform continues to grow from strength to strength, and eventually becomes the most popular choice among the crypto community.