How to Buy LBRY Credits (LBC)

A Step-by-Step-Guide on how to buy LBRY Credits (LBC)

Step 1 – Signup to CEX.io

You'll first need to purchase one of the top-tier coins. Exchanges usually accept either Ethereum or Bitcoin in exchange for any other Cryptocurrency. Click the button below for registration and receive Ethereum (ETH) or Bitcoin (BTC).

Binance Signup
Step 2 – Send Your ETH (Ethereum) or BTC (Bitcoin) to an Crypto Exchange

Your Bitcoin or Ethereum will need to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is similar. LBRY Credits (LBC) is accessible on Binance, so we will use that as an illustration. Unsure on how to send funds from Coinbase to an Crypto Exchange? (Follow this guide)

Make sure you have chosen the precise coin you wish to deposit.

Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, and so on. If you are dealing with a decentralized exchange, such as Airswap or DDEX could be unlike (Follow our how-to).

Step 3 – Find (LBC) LBRY Credits

Once your deposit has been affirmed, you will directly have access to your assets and you can commence buying and trading. To purchase (LBC) LBRY Credits on Binance, you will want to hover over the tab which is called “Exchange” and click on “Basic”.

In order to discover (LBC) LBRY Credits, you will need to insert the cointype (LBC) into the search box, which is marked in the picture. Make sure you have choosen the proper pairing, we have marked this too. Click on “LBC/BTC” to advance.

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

After you've located LBRY Credits (LBC), you will be presented with a Chart with Prices (in the Center of the image) and a few Order Books (Leftside of the image). For now we're going to make our own Limit Order.

The field with the “Price” tag will be filled with the recent price LBRY Credits (LBC) was sold for. This can be changed to your favoured rate. The field with the “Amount” tag is the volumen of LBC you want to purchase. The field with the “Total” tag is the total price in BTC that you will pay for the complete volumen of LBC.

If you're glad, make a mouse click on “Buy LBC”. Your plan will be filled when a Vender trades their LBC for the price you submitted.

Step 5 – Withdraw (LBC) LBRY Credits

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

Find (LBC) LBRY Credits by using the given drop-down box. Enter the quantity of (LBC) LBRY Credits you would wish to withdraw. Take into account the demonstrated fees/minimums. Also make sure you have filled your right withdraw address.

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

Binance Withdraw

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

That's it!

Withdrawals from Cryptocurrency Exchange can durate anywhere from 1 – 30 minutes (rely on usage of the network). Once you have confirmed your withdrawal with Ethplorer.io or Etherscan.io and the LBRY Credits (LBC) is safe inside your wallet, you are done.