What is the process for shorting Bitcoin on Poloniex?

3 answers

• Dec 18, 2021 · 3 years ago
  To short Bitcoin on Poloniex, you first need to create an account on the platform and complete the necessary verification process. Once your account is set up, you can deposit Bitcoin into your Poloniex wallet. Next, navigate to the trading section and select the Bitcoin trading pair you want to short. Choose the 'sell' option and specify the amount of Bitcoin you want to sell. Finally, confirm the trade and monitor your position to take profits or cut losses as the price of Bitcoin moves.
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• Dec 18, 2021 · 3 years ago
  Shorting Bitcoin on Poloniex is a straightforward process. After signing up and depositing Bitcoin into your account, you can go to the trading section and select the Bitcoin trading pair you want to short. Then, choose the 'sell' option and enter the amount of Bitcoin you want to sell. Make sure to set a stop-loss order to manage your risk. Keep an eye on the market and close your position when you think it's the right time to take profits.
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• Dec 18, 2021 · 3 years ago
  When it comes to shorting Bitcoin on Poloniex, the process is quite simple. First, you need to create an account on Poloniex and complete the necessary verification steps. Once your account is set up, deposit Bitcoin into your wallet. Then, navigate to the trading section and select the Bitcoin trading pair you want to short. Choose the 'sell' option and specify the amount of Bitcoin you want to sell. Finally, confirm the trade and monitor the market closely to make informed decisions about when to close your position.
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