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 Ethereum or Bitcoin to an Crypto Trader Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Crypto Trader now. All exchanges have a deposit form that is identical. LBRY Credits (LBC) is accessible on Binance, so we're going to use that as an example. Unsure on how to send funds from Coinbase to an Exchange? (Just follow this manual) Make sure you've selected the exact coin you want to deposit. BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, et cetera. In the case you're dealing with a decentralized exchange, such as Airswap or DDEX could be opposed (Just follow our guide).
Step 3 – Locate LBRY Credits (LBC) As soon as your deposit has been verified, you'll now have access to your funds and you can begin buying and trading. To purchase LBRY Credits (LBC) on Binance, you'll want to go to the ”Exchange” tab and then click on “Basic”. In order to locate LBRY Credits (LBC), you'll need to insert the shortname of the coin (LBC) into the search-box, which is marked in the graphic. Make sure you have selected the right grouping, we've marked this too. Click on “LBC/BTC” to go on.
Step 4 – Purchasing LBRY Credits (LBC) After you've discovered LBRY Credits (LBC), you'll be given a Price Chart (in the Center of the picture) and some Order Books (on the Left of the image). And now we're creating our own Limit Order. The ”Price” field will be filled with the most latest rate LBRY Credits (LBC) was sold for. This can be changed to your preferred price. The ”Amount” field is the volumen of LBC you want to purchase. The ”Total” field is the aggregated price in Bitcoin that you'll settle for the whole quantity of LBC. When you're satisfied, click on “Buy LBC”. Your plan will be filled when a Vendor trades their LBC for the price you offered.
Step 5 – Withdraw LBRY Credits (LBC) Unless you are frequently trading, you should never keepyour coins on an Crypto Trader for an extensive time frame. To take off your LBRY Credits (LBC), go to the ”Funds” tab and mouse click on “Withdraw”. LBRY Credits (LBC) can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate LBRY Credits (LBC) by using the provided drop-down box. Put into the volumen of LBRY Credits (LBC) you'd wish to take off. Don't forget the displayed fees/minimums. Also make sure you have entered your correct withdraw address. If you're glad, make a mouse click on “Submit”. You may be asked for email/phone verification before a take off.
Kudos! You have successfully bought and safed LBRY Credits (LBC).That's it! Take offs from Crypto Trader can take anywhere from 1 – 30 minutes (depending on network usage). Once you have confirmed your withdrawal using Etherscan.io or Ethplorer.io and the (LBC) LBRY Credits is stored inside your wallet, you are finished.
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