Poloniex announces the launch of sub-account feature
Established in 2014, Poloniex is a prominent and burgeoning international crypto exchange, which deals in the buying and selling of a broad range of well-known crypto assets, for example, Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), etc., for making the exchange of other cryptocurrencies or various fiat currencies. The platform’s trading fees are very competitive, so as a crypto trader if you are excited to trade a deluge of crypto assets with less pricing, no other crypto exchange is as good as Poloniex.
Another beauty of Poloniex is that it is equally worthwhile for experienced and inexperienced traders and works with decentralized financial assets, including a decentralized exchange. The exchange allows traders to buy crypto with a bank account, Visa, Mastercard, or Apple Pay.
Launch of sub-account feature by Poloniex
Poloneix plans to get a sub-account off the ground in 2023. The nitty-gritty of doing so is streamlining the capital competence for institutions and professional users. In the meantime, the platform also aims to design various innovative trading tools, for example, grids, trading bots, and follow-up trading systems, to help provide its users with various types of effective trading strategies.
Process to open the sub-account feature
Although Poloneix has launched the sub-account feature recently and is currently available via the Poloniex web interface, it is not available on Google Play Store and Apple Store Online.
If you are looking to create a sub-account, here are the steps you need to take:-
- Traders must create a master account, complete the KYC verification, obligate the Google authenticator, and initiate the spot and contract functions.
- After you have set a sub-account password in the interim of the account creation process, the following essential step is to execute the human-machine interaction and use an email verification code to activate the sub-account once and for all.
- While the sub-account creation process is taking place, enable the “Google Authentication Required” permission, which is already enabled by default, users must log in to their sub-account so that Google Authenticate can be activated if it purports to use transactions, deposits, and withdrawals functions.
- After logging in to the account, go to the navigation bar at the top of the page, Explore, and click Sub Accounts.
“Navigating sub-accounts for customization and top-up functionality”
Notwithstanding that you have created your sub-account at Poloneix effectively, changes can exclusively be made to the sub-account names concerning basic information; however, the email address is an exception. If a user experiences the need to create a new email account, they must create a new sub-account.
While the creation of sub-accounts is taking place, some accounts are not deposit-enabled by default. Therefore, the top-up function remains unsupported.
Sub-accounts not enabled the “Enable deposit” button during creation (disabled by default) cannot support the top-up function. To activate this feature, the user must log in to the master account, go to the “Sub-Account” function page, and edit and enable the “Enable Deposit” button for the sub-account.