Hey all,
This post is my entry in [Spotlight on Poloniex](https://steempeak.com/poloniexspotlight/@steemitblog/spotlight-on-poloniex-contest-and-btc-net-deposit-campaign) contest. You can view the detailed information about the contest [here]. You can read my previous blog about Poloniex [Poloniex - Exchange review part 1](https://steemit.com/hive-196725/@erode/poloniex-exchange-review-part-1).In this blog, we are going to see how to deposit steem into poloniex.
!(https://steempeak.com/poloniexspotlight/@steemitblog/spotlight-on-poloniex-contest-and-btc-net-deposit-campaign).


![Poloniexcompanysocial.jpg](https://files.steempeak.com/file/steempeak/erode/7fv6nAJn-Poloniex-company-social.jpg)
<center><sub>Source - [Google](googleimages.com)</sub></center>

First of all, we should need to go for the wallet page by clicking the [link](https://poloniex.com/wallet). The below screenshot is the user interface appears when you click the link
![Untitled.png](https://files.steempeak.com/file/steempeak/erode/VGPERrwI-Untitled.png)
Then in the below screenshot, you can see the search box where you can type you are required cryptocurrency name to be deposited for example I take steem to deposit. The name of the cryptocurrency is arranged in an alphabetical manner so it is hard to find the name which is containing a starting letter as the last alphabets.
![2.png](https://files.steempeak.com/file/steempeak/erode/ucVL0RWD-2.png)
There are two major factors that we need to consider while depositing steem cryptocurrency the one is the address and the other one is a memo.
As I am mentioned in yesterday's post memo is mainly important for depositing your cryptocurrency into the exchanges or a market.
![3.png](https://files.steempeak.com/file/steempeak/erode/H7ISilbw-3.png)
While withdrawing your funds from an exchange to your personal account the address is the main thing some sometimes memo is is an optional one. But during and deposit of your cryptocurrency to exchange address and memo both are important. 
![4.png](https://files.steempeak.com/file/steempeak/erode/CI5ip57o-4.png)
If you accidentally mistyped the memo will lead to complete loss of your Crypto so be aware of it. This screenshot explains clearly how you need to transfer your fund to poloniex exchange.

![5.png](https://files.steempeak.com/file/steempeak/erode/sJtXPqQB-5.png)
After completing all the process click next it will ask for your private keys after entering your private keys the transaction will be there and it will take at least two minutes to deposit your cryptocurrency in exchange.
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![6.png](https://files.steempeak.com/file/steempeak/erode/A2lP1XTn-6.png)

Lets we discuss the margin trade in poloniex. It requires level 2 of verification to trade margin. This margin trade allows users to 2.5* of their investment. Some days before I don't know about margin trade so I am here going to explain clearly what is modern trade. Margin trade is nothing but which gives an advantage to its users by giving 250 percent of an extra asset for what they are having in their wallet I mean margin wallet. For example, if you have a $10 means they will give you 25 dollars you can purchase the commodity for $25. If your portfolio drops to a loss of below $10 which you brought a commodity for $25 which they are given as margin then, your account gets nullified.
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#### Referral bonus
![Untitled.png](https://files.steempeak.com/file/steempeak/erode/DGIGhP5I-Untitled.png)
Like every exchange, they too provide referral bonuses for those who invite their friends to join Poloniex through their referral link. You can signup through my referral link [here](https://poloniex.com/signup?c=BUCMCY8N).
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I just need to thank you for reading upto here.
This post is set 100% power up.
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