4 tips for using Poloniex to take advantage of a Bitcoin (or Alts) rally
Published in
2 min readJun 27, 2019
Use your bank account or credit/debit cards to move value onto Polo.
Use our mobile app to set price alerts.
(Download for iOS or Android if you don’t have it already.)
- Launch the app
- Tap on settings on the bottom navigation bar
- Tap on “Alerts”
- Tap “Add Alert”
- Select a trading pair. For this scenario, we’ll tap “USDC” at the top of the screen. And then we’ll tap “BTC.” This means we want to set an alert for when BTC hits a certain price against USDC.
- Put in whatever price you want to be alerted about. For this scenario, we’ll input $15,000. The price defaults to the current market price, delete that then type in 15000. It will look like this:
- Tap “create alert”
- You’ll be taken back to the Alerts list where you can view all your alerts.
- If BTC hits $15,000, you’ll get a push notification
Use USD Coin (USDC)
- USDC is fully backed by reserve funds and redeemable 1:1 for US Dollars. Traders around the globe use it to hedge in and out of positions and move stable value across exchanges to take advantage of arbitrage and liquidity opportunities. You can tokenize or redeem USDC with both Circle and Coinbase.
Use stop-limit orders to pounce when an asset breaks through a key-resistance level
- Customers can initiate stop-limit orders on desktop or mobile. See our handy explainer for more details.