A Step-by-Step-Guide on how to buy LanaCoin (LANA)
Step 1 – Signup to Kraken You'll first need to buy units of the top-tier coins. Exchanges normally accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for Altcoins. Click below to register and receive Ethereum or Bitcoin.
Step 2 – Send Your Bitcoin (BTC) or Ethereum (ETH) to an Crypto Trader Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is alike. LanaCoin (LANA) is accessible on Binance, so we're going to use that as an example. Unsure on how to send Coinbase funds to an Crypto Exchange? (Just follow these easy steps) Make sure you've selected the exact coin you wish to deposit. BTC must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, and so on. If you're working with a decentralized exchange, like Airswap or DDEX could be different (Follow our how-to).
Step 3 – Locate LanaCoin (LANA) As soon as your deposit has been verified, you'll now have access to your funds and you can begin invest and trading. To invest in LanaCoin (LANA) on Binance, you will want to hover over the tab which is called “Exchange” and then click on “Basic”. In order to find LanaCoin (LANA), you'll need to insert the shortname of the coin (LANA) into the search-box, which is marked in the picture. Make sure you have choosen the proper grouping, we have marked this too. Click on “LANA/BTC” to go on.
Step 4 – Buy LanaCoin (LANA) After you've located LanaCoin (LANA), you will be given a Price Chart (in the Center of the image) and some Order Books (Leftside of the image). Next we are going to make our own Limit Order. The field with the “Price” tag will be automatically filled with the most recent valuation LanaCoin (LANA) was sold for. This can be changed to your desired rate. The field with the “Amount” tag is the amount of LANA you want to purchase. The field with the “Total” tag is the total price in BTC that you will settle for the complete amount of LANA. If you are satisfied, click on “Buy LANA”. Your plan will be filled as soon as a Vendor sells their LANA for the price you gave.
Step 5 – Withdraw LanaCoin (LANA) Unless you are regularly trading, best advise is not to keep coins on an Crypto Exchange for an extended time frame. To take off your LanaCoin (LANA), hover over the tab called “Funds” and mouse click on “Withdraw”. LanaCoin (LANA) can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find LanaCoin (LANA) by using the provided drop-down box. Drop in the volumen of LanaCoin (LANA) you would like to take off. Take into account the displayed minimus/fees. Also make sure you have filled your correct withdraw address. If you're happy, make a mouse click on “Submit”. You may be requested for verfication via email/phone ahead of a withdrawal.
Kudos! You've successfully bought and stored LanaCoin (LANA).That's it! Take offs from Exchange can take anywhere from 1 – 30 minutes (depending on usage of the network). As soon as you've confirmed your withdrawal using Ethplorer.io or Etherscan.io and the (LANA) LanaCoin is stored inside your wallet, you are done.
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