A Step-by-Step-Guide on 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 ETH (Ethereum) or BTC (Bitcoin) to an Crypto Trader Your Ethereum or Bitcoin has to be sent over to an Crypto Trader now. Every exchange has a deposit form that is similar. 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 Crypto Trader? (Follow this manual) Make sure you've selected the correct coin you would like to deposit. BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, etc. In the case you're using a decentralized exchange, like Airswap or DDEX could be divergent (Follow these easy steps).
Step 3 – Find LiteBitcoin (LBTC) As soon as your deposit has been confirmed, you'll instantly have access to your finances and you can begin invest and trading. To buy LiteBitcoin (LBTC) on Binance, you'll want to go to the tab which is called “Exchange” and after that mouse click on “Basic”. In order to discover LiteBitcoin (LBTC), you'll need to put the shortname of the coin (LBTC) into the search-box, which is marked in the picture. Be certain of having selected the correct grouping, we have marked this too. Click on “LBTC/BTC” to advance.
Step 4 – Buy LiteBitcoin (LBTC) After you have spotted LiteBitcoin (LBTC), you'll be presented with a Chart with Prices (in the Center of the image) and some Order Books (on the Left of the image). Next we're creating our own Limit Order. The field with the “Price” tag will be automatically filled with the recent rate LiteBitcoin (LBTC) was sold for. You can change this to your preferred price. The field with the “Amount” tag is the amount of LBTC you wish to buy. The ”Total” field is the aggregated price in Bitcoin that you will settle for the complete amount of LBTC. If you're glad, click on “Buy LBTC”. Your order will be filled as soon as a Seller trades their LBTC for the price you submitted.
Step 5 – Withdraw LiteBitcoin (LBTC) Unless you're frequently trading, never keep your crypto on an Cryptocurrency Exchange for an longer time period. To take off your LiteBitcoin (LBTC), hover over the ”Funds” tab and click on “Withdraw”. LiteBitcoin (LBTC) can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate LiteBitcoin (LBTC) by using the provided drop-down box. Put into the amount of LiteBitcoin (LBTC) you'd wish to take off. Take into account the demonstrated fees/minimums. Also make sure you have filled your precise withdraw address. If you're glad, make a mouse click on “Submit”. You may be asked for email/phone verification ahead of a withdrawal.