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 – Transmit Your ETH (Ethereum) or BTC (Bitcoin) to an Cryptocurrency Exchange Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Exchange now. All exchanges have a deposit form that is similar. LBRY Credits (LBC) is obtainable on Binance, so we will use that as an sample. Not sure on how to send Coinbase funds to an Cryptocurrency Exchange? (Follow this how-to) Make sure you've chosen the precise coin you want to deposit. BTC must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, and so forth. In the case you're using a decentralized exchange, like Airswap or DDEX could be unlike (Follow our how-to).
Step 3 – Locate LBRY Credits (LBC) As soon as your deposit has been verified, you will now have access to your funds and you can launch invest and trading. To buy LBRY Credits (LBC) on Binance, you will want to hover over the tab which is called “Exchange” and after that click on “Basic”. To find LBRY Credits (LBC), you'll need to insert the shortname of the coin (LBC) into the search-box, which is highlighted in the graphic. Be certain of having choosen the right pairing, we have highlighted this also. Click on “LBC/BTC” to proceed.
Step 4 – Buying LBRY Credits (LBC) Once you've spotted LBRY Credits (LBC), you will be given a Chart with Prices (in the Center of the image) and a few Order Books (Leftside of the image). And now we are making our own Limit Order. The ”Price” field will be filled with the most latest price LBRY Credits (LBC) was traded for. This can be changed to your desired rate. The field with the “Amount” tag is the quantity of LBC you want to buy. The ”Total” field is the total price in BTC that you will pay for the whole quantity of LBC. If you're glad, make a mouse click on “Buy LBC”. Your order 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, you should never keepyour crypto on an Crypto Trader for an longer time frame. To take off your LBRY Credits (LBC), go to the ”Funds” tab and click on “Withdraw”. LBRY Credits (LBC) can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find LBRY Credits (LBC) by using the given drop-down box. Put into the amount of LBRY Credits (LBC) you'd like to take off. Don't forget the presented minimus/fees. Also make sure you have entered your right withdraw address. If you're glad, make a mouse click on “Submit”. You could be asked for verfication via phone/email before a withdrawal.