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 (ETH) or Bitcoin (BTC) to an Exchange

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

Make sure you've selected the exact coin you wish to deposit.

BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, etc. In the case you are working with a decentralized exchange, like Airswap or DDEX could be divergent (Just follow our guide).

Step 3 – Find Lisk (LSK)

As soon as your deposit has been approved, you'll instantly have access to your assets and you can initiate buying and trading. To purchase Lisk (LSK) on Binance, you will want to hover over the tab which is called “Exchange” and then mouse click on “Basic”.

To spot Lisk (LSK), you'll need to insert the cointype (LSK) into the search box, which is highlighted in the picture. Make sure you have choosen the proper grouping, we've highlighted this also. Click on “LSK/BTC” to proceed.

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

Once you have spotted Lisk (LSK), you will be given a Price Chart (in the Center of the picture) and some Order Books (on the Left of the picture). Next we are creating our own Limit Order.

The ”Price” field will be filled with the most recent rate Lisk (LSK) was sold for. This can be changed to your preferred price. The ”Amount” field is the quantity of LSK you want to purchase. The field with the “Total” tag is the whole price in BTC that you'll settle for the complete volumen of LSK.

When you are satisfied, click on “Buy LSK”. Your order will be filled as soon as a Seller sells their LSK for the price you introduced.

Step 5 – Withdraw Lisk (LSK)

Unless you're regularly trading, best advise is not to keep your crypto coins on an Crypto Trader for an extended time frame. To withdraw your Lisk (LSK), go to the ”Funds” tab and mouse click on “Withdraw”. Lisk (LSK) can be stored securely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Find Lisk (LSK) by using the provided drop-down box. Put into the quantity of Lisk (LSK) you would like to take off. Don't forget the shown fees/minimums. Also make sure you have entered your right withdraw address.

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

Binance Withdraw

Congrats! You have successfully purchased and stored Lisk (LSK).

That's it!

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

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