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.
Step 2 – Send Your Ethereum (ETH) or Bitcoin (BTC) to an Cryptocurrency Exchange Your Ethereum or Bitcoin will need to be sent over to an Exchange now. Every exchange has a deposit form that is alike. Lisk (LSK) is available on Binance, so we're going to use that as an illustration. Not sure on how to send Coinbase funds to an Exchange? (Follow this manual) Make sure you have chosen the right coin you wish to deposit. BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, et cetera. In the case you are working with a decentralized exchange, such as Airswap or DDEX could be different (Follow our how-to).
Step 3 – Find Lisk (LSK) As soon as your deposit has been approved, you will immediately have access to your funds and you can initiate purchasing and trading. To buy Lisk (LSK) on Binance, you will want to hover over the tab which is called “Exchange” and then mouse click on “Basic”. In order to locate Lisk (LSK), you will need to put the short name of the asset (LSK) into the search box, which is highlighted in the picture. Be certain of having selected the proper pairing, we have highlighted this too. Click on “LSK/BTC” to go ahead.
Step 4 – Buy Lisk (LSK) Once you've found Lisk (LSK), you will be given a Price Chart (in the Center of the picture) and a few Order Books (on the Left of the picture). Next we are going to make our own Limit Order. The field with the “Price” tag will be filled with the most up-to-date tariff Lisk (LSK) was sold for. You can change this to your desired price. The ”Amount” field is the volumen of LSK you want to purchase. The field with the “Total” tag is the whole price in BTC that you'll pay for the whole volumen of LSK. If you are glad, make a mouse click on “Buy LSK”. Your order will be filled when a Vender trades their LSK for the price you submitted.
Step 5 – Withdraw Lisk (LSK) Unless you are regularly trading, best advise is not to keep crypto on an Crypto Trader for an longer period of time. In order to take off your Lisk (LSK), go to the ”Funds” tab and mouse click on “Withdraw”. Lisk (LSK) can be stored safely 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 withdraw. Take into account the demonstrated fees/minimums. Also make sure you have filled your precise withdraw address. When you're happy, click on “Submit”. You could be requested for email/phone verification before a withdrawal.