How to Buy LBRY Credits (LBC)

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.

Binance Signup
Step 2 – Transfer Your Ethereum or Bitcoin to an Crypto Exchange

Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Crypto 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 sample. Unsure on how to send funds from Coinbase to an Exchange? (Just follow this manual)

Make sure you've chosen the precise coin you would like to deposit.

Bitcoin must be sent to a BTC deposit address, Ethereum to an ETH deposit address, etcetera. In the case you are working with a decentralized exchange, like Airswap or DDEX could be opposed (Just follow these easy steps).

Step 3 – Find LBRY Credits (LBC)

As soon as your deposit has been confirmed, you will directly have access to your assets and you can commence purchasing and trading. To buy LBRY Credits (LBC) on Binance, you'll want to go to the tab which is called “Exchange” and then mouse click on “Basic”.

In order to discover LBRY Credits (LBC), you'll need to put the cointype (LBC) into the search-box, which is marked in the image. Make sure you have selected the right grouping, we've highlighted this also. Click on “LBC/BTC” to go ahead.

Binance Hot To Buy LBRY Credits (LBC)
Binance How to Buy (LBC) LBRY Credits
Step 4 – Buy LBRY Credits (LBC)

As soon as you've discovered LBRY Credits (LBC), you will be given a Price Chart (in the Center of the picture) and a few Order Books (Leftside of the picture). Next we're making our own Limit Order.

The ”Price” field will be filled with the most recent tariff LBRY Credits (LBC) was traded for. You can change this to your preferred rate. The field with the “Amount” tag is the quantity of LBC you want to buy. The ”Total” field is the aggregated price in Bitcoin that you will settle for the whole amount of LBC.

If you are satisfied, click on “Buy LBC”. Your plan will be filled when a Seller sells their LBC for the price you submitted.

Step 5 – Withdraw LBRY Credits (LBC)

Unless you are frequently trading, best advise is not to keep your coins on an Cryptocurrency Exchange for an extended period of time. To withdraw your LBRY Credits (LBC), go to the tab called “Funds” and mouse click on “Withdraw”. LBRY Credits (LBC) can be stored securely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Find LBRY Credits (LBC) by using the given drop-down box. Drop in the amount of LBRY Credits (LBC) you would wish to withdraw. Take into account the shown minimus/fees. Also make sure you have entered your precise withdraw address.

If you are satisfied, click on “Submit”. You may be asked for verfication via email/phone before a take off.

Binance Withdraw

Congrats! You have successfully purchased and stored LBRY Credits (LBC).

That's it!

Withdrawals from Crypto Trader can durate anywhere from 1 – 30 minutes (depending on usage of the network). As soon as you've confirmed your take off using Etherscan.io or Ethplorer.io and the (LBC) LBRY Credits is stored in your wallet, you're all done.

Some other Guides on How to buy Coins

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