![20220107_222420.jpg](https://cdn.steemitimages.com/DQmPB5eVKx7nUiqhPxhRkSwG8KCWKT3BdZ34A5oHfKcrbqG/20220107_222420.jpg) ## Greetings, fellow Steemians! It is my pleasure to inform you of my ability to participate in Task 1 of this season’s introductory course handled by Prof. @sapwood. I must admit that I was apprehensive from the onset but learning from other learners here has helped me a great deal. Having understood the lesson, I explored the exchange platforms, Poloniex and Binance. To complete this task on the Tron Ecosystem, I will attempt this assignment below. **_"Perform a STEEM and TRX transfer(micro amount) to Poloniex exchange? What are the different markets available for TRX and STEEM to trade in Poloniex? Perform a small trade in either TRX or STEEM in Poloniex? What is the withdrawal fee if you withdraw TRX, STEEM, and TRC20 USDT in Poloniex? How cost-effective is TRC20 USDT as compared to ERC20 USDT? Make a comparison of TRC 20 USDT withdrawal fees with other major exchanges?"_** For this assignment, the following tools highlighted below will be used. ![Screenshot_20220107-092829.png](https://cdn.steemitimages.com/DQmTbfMPXmLmWBtH9NQtq3DHagcHzFLJVpAupX4Yw1b1Wo8/Screenshot_20220107-092829.png) ## Perform a STEEM and TRX transfer(micro amount) to Poloniex exchange. The first step is to log into the site through its link available in the menu by the right on my **steem wallet**. ![Screenshot_20220106-021757.png](https://cdn.steemitimages.com/DQmUEaxJBCcaT7sbGUz3eEyFRxZmTSQC8LghUb5tGoyyXkw/Screenshot_20220106-021757.png) Afterwards, I provided my email address, password then got verified by dragging a piece of the jigsaw to complete the puzzle and carrying out other necessary commands. ![Screenshot_20220106-074652.png](https://cdn.steemitimages.com/DQmeRms5KA2nELv5DctNAPkbj2UrSZ2NDxDYWVJ1UEbciLp/Screenshot_20220106-074652.png) On gaining access, I began to perform the transaction by clicking on **wallet** at the top of the page then searching for **steem**. ![Screenshot_20220106-075815.png](https://cdn.steemitimages.com/DQmajWwkrPgF22c7WKRmoNuPYW9oVaxahfMQuBGso6pBBWm/Screenshot_20220106-075815.png) This led to a slide where I selected **Deposit**. ![Screenshot_20220106-075852.png](https://cdn.steemitimages.com/DQmRZJbhi8KJcACrBAb9Pwr5iztYaozutkrKnVboZWQ2Rj8/Screenshot_20220106-075852.png) A memo (a piece of important information) and address were given and I had to return to my steemwallet to perform the transaction. ![Screenshot_20220106-080236.png](https://cdn.steemitimages.com/DQmNN2mSVhfdMQsppqKNMNakhTBFwADEcNPGih6f1BazrhW/Screenshot_20220106-080236.png) I transfered 1 STEEM to the address. ![Screenshot_20220106-131501.png](https://cdn.steemitimages.com/DQmeZRMyKDadK2MTC5mk8QrD2uBx34SmcxvqyWojzYCeKFi/Screenshot_20220106-131501.png) ![Screenshot_20220106-081132.png](https://cdn.steemitimages.com/DQmWBhNHdLQrqGTqnS7jRuLaV6FLrpuiSP73h1kMtxwvsJu/Screenshot_20220106-081132.png) Next, I returned to the Poloniex exchange platform to perform a TRX transaction. ![Screenshot_20220106-081231.png](https://cdn.steemitimages.com/DQmWZzWpg33WJuYqNSNijHMTv2Qh8Li4FvLugo78xENEUwU/Screenshot_20220106-081231.png) After clicking on **deposit**, I choosed to deposit on TRON. ![Screenshot_20220106-081341.png](https://cdn.steemitimages.com/DQmdQy9NHYb5zYmpk3g1HzYDfJNjvc3SxhqUQ5zAzxpXUiw/Screenshot_20220106-081341.png) I copied the address given and returned to my steemwallet then clicked on **TRX token** then **Transfer**. I switched to the Tron account, inputted the amount of TRX and private key. These two transactions were successful. See the screenshot below. ![Screenshot_20220106-131912.png](https://cdn.steemitimages.com/DQmeWXfYUMduo7fr2sE2yAZs1K7n9VYcu8iLX2nkcRUba8K/Screenshot_20220106-131912.png) ## What are the different markets available for TRX and STEEM to trade in Poloniex? At **market**, it has a TRX option just below it. When clicked it pops up other available markets for TRX in a vertical pattern. There are about 33 tokens. ![Screenshot_20220106-134204.png](https://cdn.steemitimages.com/DQmTBcfscvcmbUA1QDeKaBfvhREKe23HoWhCKgPhdEFwfBq/Screenshot_20220106-134204.png) ![Screenshot_20220106-134245.jpg](https://cdn.steemitimages.com/DQmZwx7no98rrwG3aWev9734iczX6J6G74JgnNHSDSDGqri/Screenshot_20220106-134245.jpg) On the other hand, STEEM has the other available markets as seen in the screenshot. ![Screenshot_20220106-144843.png](https://cdn.steemitimages.com/DQmQuV9CQSyGvwJSSCJvT2rYVTYsP2NLgKNfiL7ob6Y9v8q/Screenshot_20220106-144843.png) ## Perform a small trade in either TRX or STEEM in Poloniex? To do this, I topped up my TRX balance by depositing 15 TRX. ![Screenshot_20220107-085709.png](https://cdn.steemitimages.com/DQmQNiepeZzr5YdJZgGaGoTHMfFcXTq7pADHDsH4NeuCV5M/Screenshot_20220107-085709.png) Then clicked on **Trade** and selected **Spot**. ![Screenshot_20220106-132513.png](https://cdn.steemitimages.com/DQmTa1q7YPqEwNU7owky2SHYBCgbZYtkH6vXPznpus9Qxna/Screenshot_20220106-132513.png) At the top left, I searched for TRX/USDT. Below the page, I clicked on the **sell** button. ![Screenshot_20220106-133222.png](https://cdn.steemitimages.com/DQmWVo8hb3b5YaEWLLgtLMAEhXh7jJAic2Ea61494U5Ngu7/Screenshot_20220106-133222.png) In the screenshot, I traded 14.80476951 for 1 USDT. ![Screenshot_20220107-090423.png](https://cdn.steemitimages.com/DQmecnCNmMYUrDBtpSJLKFZ6ocwso47om9fsomuiqEj14uF/Screenshot_20220107-090423.png) Once the transaction was successful, I got the confirmation message below and my balance was updated subsequently. ![Screenshot_20220107-090512.png](https://cdn.steemitimages.com/DQmPb4dgr8Hck8ZvVbaXqYLXpShM3oM1mjqs3o8VJ8BdfQq/Screenshot_20220107-090512.png) ## What is the withdrawal fee if you withdraw TRX, STEEM, and TRC20 USDT in Poloniex? **TRX**

https://cdn.steemitimages.com/DQmUqdmYLpBnSzTcZH4XHGQKHRzmCZ7FRVKLWHRkKqsz7KX/Screenshot_20220107-090143.png

https://cdn.steemitimages.com/DQmWXB2WGvcWBsRdbSFykaBnn3y89r2ohJJ43qHV4xZ8iKa/Screenshot_20220107-090106.png

The present transaction fee through TRC20 is -0.01 TRX while ERC20 is -235.000 TRX. *** **STEEM** ![Screenshot_20220107-103456.png](https://cdn.steemitimages.com/DQmbUvsumQhC4xVpdPzE9RJu81GVLD7evH2FkiLDQyPmwqF/Screenshot_20220107-103456.png) The withdrawal fee for STEEM is -0.01 STEEM **TRC20 USDT** ![Screenshot_20220107-103542.png](https://cdn.steemitimages.com/DQmPjWie4gtHRyZo5bbkApWGMwmpkx1gsWBt1coJXRHoKHo/Screenshot_20220107-103542.png) The withdrawal fee for USDT is $0 ## How cost-effective is TRC20 USDT as compared to ERC20 USDT? While attempting to make a withdraw with both, I observed that the cost of both is fixed at $0. ## Make a comparison of TRC 20 USDT withdrawal fees with other major exchanges? ![Screenshot_20220107-230750.png](https://cdn.steemitimages.com/DQmUs9QpXgSVEGwpcXDPESzK77h6YBLZLkeiZLahqu5vaPt/Screenshot_20220107-230750.png) While attempting to make a withdrawal with Binance, the network fee reflects 0.8-30 USDT ## Conclusion Poloniex exchange provides a wide range of tokens to trade with and it is easily navigable for new users. As a plus, cost of transactions are low. I will recommend it as one of the best exchange platforms.