How to Buy Lisk (LSK)

A Step-by-Step-Guide on how to buy Lisk (LSK)

Step 1 – Join Kraken

In the beginning you'll need to purchase units of the top-tier coins. Exchanges usually accept either Bitcoin or Ethereum in exchange for any other Cryptocurrency. Follow the Link below for registration and to get Ethereum or Bitcoin.

Binance Signup
Step 2 – Transmit Your Ethereum or Bitcoin to an Cryptocurrency Exchange

Your Ethereum or Bitcoin has to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is identical. Lisk (LSK) is obtainable on Binance, so we will use that as an example. Not sure on how to send Coinbase funds to an Cryptocurrency Exchange? (Just follow this guide)

Make sure you've chosen the exact coin you want to deposit.

Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, et cetera. If you're working with a decentralized exchange, such as Airswap or DDEX could be opposed (Just follow our how-to).

Step 3 – Find Lisk (LSK)

Once your deposit has been affirmed, you'll directly have access to your funds and you can begin buying and trading. To purchase Lisk (LSK) on Binance, you'll want to hover over the tab which is called “Exchange” and then mouse click on “Basic”.

In order to spot Lisk (LSK), you'll need to insert the cointype (LSK) into the search-box, which is marked in the picture. Make sure you have choosen the proper grouping, we've marked this too. Click on “LSK/BTC” to progress.

Binance Hot To Buy Lisk (LSK)
Binance How to Buy (LSK) Lisk
Step 4 – Buying Lisk (LSK)

Once you have located Lisk (LSK), you will be presented with a Price Chart (in the Center of the image) and some Order Books (Leftside of the image). Next we're making our Limit Order.

The ”Price” field will be filled automatically with the most latest price Lisk (LSK) was sold for. You can change this to your desired rate. The ”Amount” field is the volumen of LSK you like to buy. The field with the “Total” tag is the aggregated price in Bitcoin that you will settle for the complete volumen of LSK.

When you're satisfied, make a mouse click on “Buy LSK”. Your order will be filled as soon as a Seller trades their LSK for the price you introduced.

Step 5 – Withdraw Lisk (LSK)

Unless you're trading, never keep your coins on an Cryptocurrency Exchange for an longer time period. In order to take off your Lisk (LSK), go to the tab called “Funds” and mouse click on “Withdraw”. Lisk (LSK) can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Lisk (LSK) by using the provided drop-down box. Enter the volumen of Lisk (LSK) you would like to take off. Don't forget the presented minimus/fees. Also make sure you have entered your correct withdraw address.

When you're glad, make a mouse click on “Submit”. You could be requested for verfication via phone/email before a take off.

Binance Withdraw

Kudos! You have successfully purchased and safed Lisk (LSK).

That's it!

Withdrawals from Exchange can take anywhere from 1 – 30 minutes (rely on usage of the network). Once you've proved your take off with Ethplorer.io or Etherscan.io and the (LSK) Lisk is safe within your wallet, you are done.

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