A Step-by-Step-Guide on how to buy LiteBitcoin (LBTC)
Step 1 – Join CEX.io You'll first need to purchase one of the major currencies. Exchanges usually accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for Altcoins. Click the button below for registration and receive Bitcoin or Ethereum.
Step 2 – Transmit Your Ethereum or Bitcoin to an Cryptocurrency Exchange Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is similar. LiteBitcoin (LBTC) is accessible on Binance, so we will use that as an illustration. Unsure on how to send Coinbase funds to an Cryptocurrency Exchange? (Just follow this manual) Make sure you have selected the precise coin you want to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, etcetera. If you're dealing with a decentralized exchange, such as Airswap or DDEX could be unlike (Just follow our manual).
Step 3 – Find (LBTC) LiteBitcoin As soon as your deposit has been confirmed, you will directly have access to your finances and you can launch buying and trading. To invest in (LBTC) LiteBitcoin on Binance, you will want to hover over the ”Exchange” tab and after that click on “Basic”. To discover (LBTC) LiteBitcoin, you will need to insert the shortname of the coin (LBTC) into the search box, which is highlighted in the picture. Be certain of having choosen the proper grouping, we have highlighted this too. Click on “LBTC/BTC” to go ahead.
Step 4 – Acquisition of (LBTC) LiteBitcoin After you've located (LBTC) LiteBitcoin, you'll be presented with a Chart with Prices (in the Center of the image) and a few Order Books (on the Left of the image). Next we are creating our own Limit Order. The field with the “Price” tag will be automatically filled with the most up-to-date price (LBTC) LiteBitcoin was traded for. This can be changed to your preferred rate. The ”Amount” field is the amount of LBTC you want to purchase. The field with the “Total” tag is the total price in BTC that you'll settle for the complete amount of LBTC. If you're satisfied, click on “Buy LBTC”. Your plan will be filled when a Vendor trades their LBTC for the price you offered.
Step 5 – Withdraw LiteBitcoin (LBTC) Unless you are trading, you should never keepyour crypto on an Crypto Exchange for an extensive time period. To withdraw your LiteBitcoin (LBTC), go to the ”Funds” tab and mouse click on “Withdraw”. LiteBitcoin (LBTC) can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find LiteBitcoin (LBTC) by using the provided drop-down box. Enter the quantity of LiteBitcoin (LBTC) you'd wish to withdraw. Take into account the presented minimus/fees. Also make sure you have entered your right withdraw address. If you are happy, click on “Submit”. You could be requested for verfication via email/phone ahead of a withdrawal.