A Step-by-Step-Guide on how to buy LBRY Credits (LBC)
Step 1 – Signup to Coinbase and get 10$ for free In the beginning you'll need to purchase one of the bigger currencies. Exchanges normally accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for alternative Coins. Click below for registration and receive your welcome 10$.
Step 2 – Transmit Your Bitcoin or Ethereum to an Exchange Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Exchange now. Every exchange has 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 exact coin you wish to deposit. BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, and so on. In the case you are working with a decentralized exchange, such as Airswap or DDEX could be different (Just follow our how-to).
Step 3 – Locate LBRY Credits (LBC) Once your deposit has been verified, you'll now have access to your finances and you can launch buying and trading. To invest in LBRY Credits (LBC) on Binance, you'll want to go to the tab which is called “Exchange” and mouse click on “Basic”. To spot LBRY Credits (LBC), you'll need to put the shortname of the coin (LBC) into the search box, which is highlighted in the image. Be certain of having selected the proper pairing, we have highlighted this also. Click on “LBC/BTC” to advance.
Step 4 – Buying LBRY Credits (LBC) As soon as you've discovered LBRY Credits (LBC), you will be presented with a Price Chart (in the Center of the picture) and some Order Books (on the Left of the picture). And now we're creating our own Limit Order. The field with the “Price” tag will be filled automatically with the recent valuation LBRY Credits (LBC) was sold for. This can be changed to your preferred rate. The field with the “Amount” tag is the quantity of LBC you want to purchase. The field with the “Total” tag is the total price in Bitcoin that you will settle for the complete quantity of LBC. If you are happy, make a mouse click on “Buy LBC”. Your order will be filled as soon as a Seller sells their LBC for the price you submitted.
Step 5 – Withdraw (LBC) LBRY Credits Unless you're regularly trading, you should never keepyour crypto on an Cryptocurrency Exchange for an extended period of time. To take off your (LBC) LBRY Credits, go to the ”Funds” tab and click on “Withdraw”. (LBC) LBRY Credits can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate (LBC) LBRY Credits by using the given drop-down box. Enter the amount of (LBC) LBRY Credits you would like to take off. Don't forget the displayed minimus/fees. Also make sure you have entered your right withdraw address. When you're glad, click “Submit”. You may be asked for verfication via email/phone before a withdrawal.