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 Exchange Your Ethereum or Bitcoin will need to be sent over to an Exchange now. All exchanges have a deposit form that is similar. LBRY Credits (LBC) is accessible on Binance, so we're going to use that as an illustration. Unsure on how to send funds from Coinbase to an Exchange? (Just follow this manual) Make sure you have chosen the precise coin you want to deposit. BTC must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, et cetera. In the case you are working with a decentralized exchange, such as Airswap or DDEX could be unlike (Follow our guide).
Step 3 – Locate LBRY Credits (LBC) Once your deposit has been confirmed, you'll immediately have access to your finances and you can commence invest and trading. To purchase LBRY Credits (LBC) on Binance, you'll want to go to the tab which is called “Exchange” and after that click on “Basic”. To discover LBRY Credits (LBC), you will need to put the short name of the asset (LBC) into the search box, which is highlighted in the graphic. Make sure you have choosen the right grouping, we have highlighted this too. Click on “LBC/BTC” to progress.
Step 4 – Buying LBRY Credits (LBC) After you have spotted LBRY Credits (LBC), you'll be given a Chart with Prices (in the Center of the image) and some Order Books (Leftside of the image). For now we're creating our own Limit Order. The ”Price” field will be automatically 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 quantity of LBC you want to buy. The field with the “Total” tag is the whole price in Bitcoin that you'll pay for the complete quantity of LBC. When you're satisfied, make a mouse click on “Buy LBC”. Your order will be filled when a Vender sells their LBC for the price you offered.
Step 5 – Withdraw LBRY Credits (LBC) Unless you're frequently trading, best advise is not to keep your crypto coins on an Cryptocurrency Exchange for an extended time period. In order to take off your LBRY Credits (LBC), hover over the tab called “Funds” and mouse click on “Withdraw”. LBRY Credits (LBC) can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find LBRY Credits (LBC) by using the given drop-down box. Put into the quantity of LBRY Credits (LBC) you would wish to withdraw. Don't forget the demonstrated fees/minimums. Also make sure you have filled your correct withdraw address. When you are glad, click “Submit”. You may be requested for verfication via email/phone ahead of a withdrawal.