The new method of fullerene polymerization initiated by electrolysis of C-60 toluene-DMFA solutions in the presence of supporting electrolytes at stationary or rotating Pt, graphite, stainless steel electrodes have proposed. Formation of insoluble in toluene polyfullerene suspension is observed during the electrolysis at the fixed potential which is similar to the third wave of fullerene reduction. The suspension may be deposited on the transparent ITO electrodes or silicon substrate for producing the fullerene-based nanostructures. According to scanning electron microscopy the polymeric form of C-60 consist a piece of films and the linear particles, which have a length about 100 mum. Mechanism of polymerization includes the anion - radical initiating particles (C-60(n-))(.) formation followed by the consequential reduction of C-60.