How to Buy LiteBitcoin (LBTC)

Step 1 – Signup to Kraken

You'll first need to buy units of the bigger currencies. Exchanges commonly accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for Altcoins. Follow the Link below for registration and getting ETH (Ethereum) or BTC (Bitcoin).

Step 2 – Transmit Your Bitcoin or Ethereum to an Exchange

Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is alike. LiteBitcoin (LBTC) is obtainable on Binance, so we're going to use that as an example. Unsure on how to send Coinbase funds to an Cryptocurrency Exchange? (Follow this how-to)

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

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

Step 3 – Find LiteBitcoin (LBTC)

As soon as your deposit has been approved, you'll instantly have access to your finances and you can initiate buying and trading. To invest in LiteBitcoin (LBTC) on Binance, you'll want to hover over the tab which is called “Exchange” and after that mouse click on “Basic”.

In order to discover LiteBitcoin (LBTC), you'll need to insert the short name of the asset (LBTC) into the search box, which is marked in the image. Make sure you have choosen the right pairing, we have highlighted this also. Click on “LBTC/BTC” to proceed.

Step 4 – Acquisition of LiteBitcoin (LBTC)

As soon as you have discovered LiteBitcoin (LBTC), you'll be presented with a Price Chart (in the Center of the picture) and a few Order Books (on the Left of the picture). For now we are creating our own Limit Order.

The field with the “Price” tag will be filled with the most up-to-date rate LiteBitcoin (LBTC) was traded for. This can be changed to your desired rate. The field with the “Amount” tag is the amount of LBTC you wish to purchase. The field with the “Total” tag is the whole price in BTC that you'll settle for the whole amount of LBTC.

When you are happy, make a mouse click on “Buy LBTC”. Your order will be filled when a Vender sells their LBTC for the price you introduced.

Step 5 – Withdraw LiteBitcoin (LBTC)

Unless you are regularly trading, never keep your coins on an Crypto Trader for an extended period of time. In order to take off your LiteBitcoin (LBTC), hover over the tab called “Funds” and click on “Withdraw”. LiteBitcoin (LBTC) can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Locate LiteBitcoin (LBTC) by using the given drop-down box. Put into the quantity of LiteBitcoin (LBTC) you would wish to take off. Don't forget the displayed fees/minimums. Also make sure you have entered your precise withdraw address.

If you are happy, click on “Submit”. You could be asked for verfication via email/phone before a withdrawal.