How to Balance your account (Part 1): Swap your Tron for Steem using Poloniex and Power up/

in hive-167622 •  3 months ago 

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Introduction

One of the challenges our community members have now is that they have done a lot of transactions just before the launch of club5050. As a result, its really not easy to balance the transfers and power ups. A lot can be done to make sure this situation is solved. One of the things we suggest is to swap tron for steem and power up. Yes fortunately, some have not touched their tron. So they can swap it for Steem and power up. In this tutorial, you will learn how to do that using poloniex. Here are the 3 Stages involved:

  • Send Tron from Steemit wallet to Poloniex using TronLink Pro
  • Trade Tron for Steem on Poloniex
  • Withdraw Steem from Poloniex to your Steemit wallet

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1. How to Send Tron from Steemit wallet to Poloniex using TronLink Pro

Note: Before you start this tutorial, please download Tronlink Pro and import your tron wallet into it so you can manage your tron from the app. You also need to download and create an account on Poloniex app. Both apps are available for free on PlayStore for Android users

Step 1: Open Poloniex app. Go to wallets and copy your Tron wallet address (See illustration below)


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Step 2: Open Tronlink Pro app and click Send (See illustration below)
Step 3: Enter the tron wallet address you got from Poloniex.
Step 4: Enter the amount of Tron to transfer or click Max to send everything.
Step 5: Click the Send button to transfer the tron.


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Step 6: Enter your password in this box
Step 7: Click this button to authorize the transaction.
Step 8: Click the Confirm button to complete the transaction. (Check screenshot below)


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After few minutes, the tron will appear in your Poloniex wallet as shown below. Open your Poloniex app and click Wallet at the bottom. You will see the Tron you just sent. You can now swap it for Steem. (See image below)


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2. How to Trade Tron for Steem on Poloniex

Step 1: Open Your Poloniex app and click Markets. (See Image below)
Step 2: Click Trx.
Step 3: Click the Search Icon.
Step 4: Type Steem in the Search box.
Step 5: Click Steem from the Search result.

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Step 6: Click Trade. (Check Image below)
Step 7: Enter the amount of Tron to trade in this box.
Step 8: Click Buy Steem

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Step 9: Click Confirm BUY to finish up.
Step 10: If you go back to your wallet, you will see the Steem you have purchased. Sometimes the order is not filled instantly. In that case, wait a few minutes and then check back.

From the transaction above, we have been able to buy 24 Steem at current market price. Next and last, is to withdraw back to Steemit wallet.

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3. How to withdraw Steem from Poloniex to Steemit wallet

Note: The first thing is to get your poloniex memo which is required both for deposits and withdrawals.

Step 1: Go back to your wallets page and click your Steem Balance. (Check image below)
Step 2: Click this icon to reveal some menu

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Step 3: Click on Deposit. (check image below)
Step 4: Click on Continue. Then click this icon to copy your memo.

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Step 5: Go back to Step 3 and click Withdraw
Step 6: Enter the amount to withdraw in this box.
Step 7: Click paste to paste the memo you copied earlier.
Step 8: Enter your steemit username without the @
Step 9: Enter your password.
Step 10: Click Continue to go to the next steps.

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Step 11: Click Continue to confirm your details are correct. (See Image below)
Step 12: Go to your email and Click a confirmation link from Poloniex

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Step 13: Click Confirm and Withdraw (See Image below)

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Step 14: If you check your Steemit wallet in few minutes, you will see the Steem you just withdrew. Congratulations you can now power it up. (See Image below)

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Conclusion

We are confident this tutorial has helped you send your Tron to Poloniex and Swap for Steem. Then return it to your steemit wallet and power up. As you convert more Steem and power up, within a short while, you will be able to balance your transfer and power up history for the 1 month accounting period.

We will answer your questions in the comment section if you run into difficulties while attempting this transaction. Thank you so much for choosing to join club5050.

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As though the post is for me,
It's just of too much value to me.
Thank you so much #steemalive

@tipu curate

This is an amazing tutorial, I really grabbed the whole procedures. Thank you so much sir @focusnow for this amazing tutorial.

Thank you @steemalive for this illustration, it is simple and understandable. I guess I will try to swap my trons to steem.

This is very interesting.I will like to swap mine.Thanks @focusnow.

Thank you for this update

Good explanation from you boss, this gives great insight, trust me so many person's have been waiting for this update.

I am blessed by this Post

Hi @steemalive

Thank you for a comprehensive lecture as this. I will love to practice this often so that i will be very good at it and help others scale through from time to time.

I have voted and resteemed this post to show how grateful iam.

Thank you so much for this comprehensive tutorial, I grasp everything and I will definitely try It out

Wow, this is huge
But I will definitely give it a trial
Thanks a lot @steemalive

I really appreciate the time you spent to get this done for us to understand. It will go a long way in understanding how it works.

I love this method, infact i will make use of this pattern to accomplish the swapping process with ease, thank you @steemalive

Nice update, let's keep steeming

Wow, this is so nice, i thought i have studied steemit to some extent, but with this , i think i have not started yet.Thank you very much for this timely information.

Thanks alot for this update
It was huge

This is very informative post and in this way, a user can convert Tron into steem and then Powerup his SP. Thanks for sharing such good content.

This is so informative. Thanks for the guidelines

@steemalive, this is really good but how can i buy Steem direct from the site without swaying my tron

You can buy from a Steemit user who has STEEM for sale

Pls if you know whom i can buy from, please this is my WhatsApp number 08061556125. I need like 1500 Steem

Hello @sage.lee, Please am ready at all time to transact the business. Any one you can link me to that can supply me with steem as much as possible, please i will really appreciate your efforts. Thanks

Thanks for this lecture, though I have not downloaded the poloniex app yet, but sure I will and if I have any difficulty, I won't fail to contact u or recheck the lecture