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 BTC (Bitcoin) or ETH (Ethereum) to an Crypto Trader Your Ethereum or Bitcoin has to be sent over to an Crypto Trader now. All exchanges have a deposit form that is alike. Lisk (LSK) is available on Binance, so we will use that as an sample. Unsure on how to send Coinbase funds to an Cryptocurrency Exchange? (Just follow this manual) Make sure you've chosen the exact coin you want to deposit. BTC must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, and so on. If you are using a decentralized exchange, like Airswap or DDEX could be different (Follow our how-to).
Step 3 – Locate Lisk (LSK) Once your deposit has been affirmed, you will immediately have access to your funds and you can start purchasing and trading. To invest in 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 find Lisk (LSK), you'll need to insert the short name of the asset (LSK) into the search-box, which is marked in the image. Be certain of having selected the correct pairing, we've marked this also. Click on “LSK/BTC” to progress.
Step 4 – Purchase Lisk (LSK) As soon as you've found Lisk (LSK), you'll be presented with a Chart with Prices (in the Center of the image) and some Order Books (on the Left of the picture). Next we are going to create our own Limit Order. The ”Price” field will be automatically filled with the most up-to-date valuation Lisk (LSK) was traded for. This can be changed to your preferred rate. The field with the “Amount” tag is the quantity of LSK you like to buy. The ”Total” field is the aggregated price in Bitcoin that you will settle for the whole quantity of LSK. When you're happy, make a mouse click on “Buy LSK”. Your plan will be filled as soon as a Vendor trades their LSK for the price you submitted.
Step 5 – Withdraw Lisk (LSK) Unless you're regularly trading, best advise is not to keep your crypto on an Exchange for an extensive period of time. To withdraw your Lisk (LSK), hover over the tab called “Funds” and mouse click on “Withdraw”. Lisk (LSK) can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find Lisk (LSK) by using the given drop-down box. Enter the quantity of Lisk (LSK) you would wish to take off. Don't forget the presented fees/minimums. Also make sure you have filled your correct withdraw address. If you are satisfied, make a mouse click on “Submit”. You could be asked for phone/email verification before a take off.