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 – Send Your Bitcoin or Ethereum to an Crypto Trader

Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Exchange now. Every exchange has a deposit form that is similar. Lisk (LSK) is available on Binance, so we will use that as an sample. Unsure on how to send funds from Coinbase to an Crypto Exchange? (Just follow this manual)

Make sure you've 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're working with a decentralized exchange, like Airswap or DDEX could be opposed (Follow our how-to).

Step 3 – Locate Lisk (LSK)

As soon as your deposit has been confirmed, you'll instantly have access to your finances and you can launch purchasing and trading. To invest in Lisk (LSK) on Binance, you will want to hover over the tab which is called “Exchange” and then click on “Basic”.

To spot Lisk (LSK), you will need to put the short name of the asset (LSK) into the search box, which is highlighted in the image. Be certain of having selected the proper grouping, we've marked this also. Click on “LSK/BTC” to continue.

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

Once you've spotted Lisk (LSK), you'll be given a Chart with Prices (in the Center of the image) and a few Order Books (on the Left of the picture). And now we are going to create our own Limit Order.

The ”Price” field will be filled automatically with the most recent valuation Lisk (LSK) was traded for. You can change this to your desired rate. The ”Amount” field is the quantity of LSK you like to purchase. The ”Total” field is the aggregated price in BTC that you will pay for the complete quantity of LSK.

If you're glad, make a mouse click on “Buy LSK”. Your plan will be filled as soon as a Vender sells their LSK for the price you gave.

Step 5 – Withdraw Lisk (LSK)

Unless you're regularly trading, best advise is not to keep your coins on an Crypto Exchange for an extended time period. In order to withdraw your Lisk (LSK), hover over the tab called “Funds” and click on “Withdraw”. Lisk (LSK) can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Find Lisk (LSK) by using the provided drop-down box. Enter the amount of Lisk (LSK) you'd wish to take off. Don't forget the shown minimus/fees. Also make sure you have filled your right withdraw address.

When you are glad, click on “Submit”. You could be requested for email/phone verification ahead of a take off.

Binance Withdraw

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

That's it!

Take offs from Exchange can take anywhere from 1 – 30 minutes (rely on usage of the network). As soon as you have confirmed your withdrawal with Etherscan.io or Ethplorer.io and the (LSK) Lisk is stored inside your wallet, you are done.

Some other Guides on How to buy Coins

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How to Buy Coins
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