Processing withdrawals from your established Poloniex account are straight-forward. Keep in mind that you are required to confirm and fully verify your account to gain full access to different features and process different transactions on the Poloniex website.
Here are the steps that you can follow to process Monero (XMR) withdrawals from Poloniex.
To get started, access the log-in page of the exchange and select on “Sign in.” Type in your registered username and password.
Click on “Balances” and select on “Deposits/Withdrawals.” In this example, let’s use BTC. To start processing withdrawals, select Monero (XMR) from the list of cryptocurrencies and click on “Withdraw.”
Enter the address as well as your preferred amount. Be very careful in supplying the address because once your transaction is done, you can no longer revert it and you’d end up losing your money if wrong address is used.
Click on “Withdraw” to continue.
With Kraken, you can deposit cryptocurrencies like Monero (XMR) as well as Fiat money, but first, make sure you have completed the account “Verification” process and have activated 2FA.
Here are the steps on how to deposit Monero (XMR) on your registered and confirmed Kraken account:
Click here to open the exchange site and click on “Log in.”
Click on “Log in” and enter your registered email address and password. You also need to verify Two-factor Authentication, then click on “Log in.”
Once you’re logged in, click on “Funding” to start depositing.
To deposit Monero (XMR), click on “Deposit” and select your preferred Monero (XMR). Make sure that the Monero (XMR) deposit you opted to make meets the minimum deposit requirements. Also, double-check that you are sending the correct Monero (XMR) to the address as transactions sent to the wrong address may not be recoverable.
For an initial deposit, you will have to generate a new deposit address. Click the ‘Generate New Address’ button to do so.
After adding a deposit address, copy and paste the address and the generated ‘destination tag’ or ‘memo’ if required into the wallet from which the funds will be sent.
To deposit Fiat money, select your currency under “Deposit” and select your deposit method from the drop-down menu.
Copy the deposit wire details and supply the needed information required by the system, depending on what method you have selected. Double check your information, then confirm the deposit transaction.
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