A Step-by-Step-Guide on how to buy LBRY Credits (LBC)
Step 1 – Join Kraken You will first need to buy one of the top-tier coins. Exchanges usually accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for alternative Coins. Click below to register and to get Bitcoin or Ethereum.
Step 2 – Send Your ETH (Ethereum) or BTC (Bitcoin) to an Cryptocurrency Exchange Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is alike. LBRY Credits (LBC) is available on Binance, so we will use that as an example. Unsure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Follow this how-to) Make sure you've chosen the exact coin you want to deposit. BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, etcetera. In the case you are working with a decentralized exchange, such as Airswap or DDEX could be different (Follow these easy steps).
Step 3 – Locate LBRY Credits (LBC) Once your deposit has been affirmed, you'll instantly have access to your funds and you can start invest and trading. To purchase LBRY Credits (LBC) on Binance, you'll want to hover over the ”Exchange” tab and then click on “Basic”. In order to spot LBRY Credits (LBC), you'll need to insert the shortname of the coin (LBC) into the search-box, which is highlighted in the image. Make sure you have choosen the right grouping, we've highlighted this too. Click on “LBC/BTC” to advance.
Step 4 – Purchasing LBRY Credits (LBC) As soon as you have spotted LBRY Credits (LBC), you'll be presented with a Chart with Prices (in the Center of the picture) and a few Order Books (on the Left of the picture). Next we are going to create our own Limit Order. The ”Price” field will be filled automatically with the recent price LBRY Credits (LBC) was traded for. This can be changed to your desired price. The field with the “Amount” tag is the volumen of LBC you like to buy. The ”Total” field is the whole price in BTC that you'll settle for the complete volumen of LBC. If you're glad, click on “Buy LBC”. Your order will be filled when a Vender trades their LBC for the price you gave.
Step 5 – Withdraw LBRY Credits (LBC) Unless you are trading, best advise is not to keep coins on an Crypto Trader for an extensive time frame. To withdraw your LBRY Credits (LBC), hover over the tab called “Funds” and click on “Withdraw”. LBRY Credits (LBC) can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find LBRY Credits (LBC) by using the provided drop-down box. Enter the volumen of LBRY Credits (LBC) you would like to withdraw. Take into account the presented minimus/fees. Also make sure you have entered your correct withdraw address. If you are glad, make a mouse click on “Submit”. You may be asked for verfication via phone/email ahead of a take off.