A Step-by-Step-Guide on how to buy LanaCoin (LANA)
Step 1 – Join Coinbase and get 10$ for free In the beginning you'll need to buy units of the major coins. Exchanges commonly accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for Altcoins. Click below for registration and getting your first $10.
Step 2 – Transfer Your Ethereum (ETH) or Bitcoin (BTC) to an Crypto Trader Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Crypto Trader now. All exchanges have a deposit form that is similar. LanaCoin (LANA) is accessible on Binance, so we're going to use that as an illustration. Unsure on how to send funds from Coinbase to an Crypto Trader? (Just follow this how-to) Make sure you've selected the correct coin you would like to deposit. BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, etcetera. If you are working with a decentralized exchange, like Airswap or DDEX could be different (Just follow our how-to).
Step 3 – Locate (LANA) LanaCoin Once your deposit has been confirmed, you'll instantly have access to your funds and you can commence purchasing and trading. To invest in (LANA) LanaCoin on Binance, you'll want to hover over the ”Exchange” tab and click on “Basic”. To locate (LANA) LanaCoin, you'll need to put the cointype (LANA) into the search-box, which is highlighted in the image. Make sure you have selected the correct pairing, we have highlighted this also. Click on “LANA/BTC” to progress.
Step 4 – Buying (LANA) LanaCoin Once you have located (LANA) LanaCoin, you'll be presented with a Chart with Prices (in the Center of the picture) and a few Order Books (Leftside of the picture). And now we are going to create our own Limit Order. The field with the “Price” tag will be filled with the latest rate (LANA) LanaCoin was sold for. You can change this to your desired rate. The ”Amount” field is the amount of LANA you like to purchase. The field with the “Total” tag is the total price in BTC that you will settle for the complete amount of LANA. When you're glad, click on “Buy LANA”. Your plan will be filled when a Vendor sells their LANA for the price you offered.
Step 5 – Withdraw (LANA) LanaCoin Unless you're trading, you should never keepyour crypto on an Cryptocurrency Exchange for an extended period of time. To withdraw your (LANA) LanaCoin, go to the tab called “Funds” and click on “Withdraw”. (LANA) LanaCoin can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find (LANA) LanaCoin by using the provided drop-down box. Drop in the volumen of (LANA) LanaCoin you'd like to withdraw. Don't forget the shown fees/minimums. Also make sure you have entered your correct withdraw address. If you're glad, make a mouse click on “Submit”. You could be asked for verfication via email/phone ahead of a take off.