A Step-by-Step-Guide on how to buy LITEX (LXT)
Step 1 – Signup to Kraken In the beginning you'll need to buy one of the top-tier currencies. Exchanges usually accept either Bitcoin or Ethereum in exchange for Altcoins. Follow the Link below for registration and receive Ethereum (ETH) or Bitcoin (BTC).
Step 2 – Transmit Your Funds to an Crypto Trader Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Crypto Trader now. Every exchange has a deposit form that is alike. LITEX (LXT) is obtainable on Binance, so we will use that as an sample. Not sure on how to send funds from Coinbase to an Crypto Trader? (Follow this guide) Make sure you have chosen the right coin you want to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, et cetera. In the case you're working with a decentralized exchange, such as Airswap or DDEX could be different (Follow our manual).
Step 3 – Find LITEX (LXT) Once your deposit has been confirmed, you'll instantly have access to your funds and you can launch buying and trading. To invest in LITEX (LXT) on Binance, you'll want to hover over the tab which is called “Exchange” and mouse click on “Basic”. To spot LITEX (LXT), you'll need to insert the short name of the asset (LXT) into the search-box, which is marked in the picture. Be certain of having choosen the correct grouping, we have marked this too. Click on “LXT/BTC” to progress.
Step 4 – Purchase LITEX (LXT) As soon as you've spotted LITEX (LXT), you will be given a Chart with Prices (in the Center of the picture) and some Order Books (on the Left of the picture). And now we're creating our own Limit Order. The field with the “Price” tag will be filled with the latest tariff LITEX (LXT) was traded for. This can be changed to your desired rate. The ”Amount” field is the amount of LXT you want to buy. The field with the “Total” tag is the aggregated price in BTC that you will pay for the complete amount of LXT. When you are satisfied, make a mouse click on “Buy LXT”. Your order will be filled when a Vender trades their LXT for the price you submitted.
Step 5 – Withdraw LITEX (LXT) Unless you're regularly trading, best advise is not to keep coins on an Crypto Trader for an extended time frame. To take off your LITEX (LXT), go to the tab called “Funds” and mouse click on “Withdraw”. LITEX (LXT) can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate LITEX (LXT) by using the given drop-down box. Drop in the quantity of LITEX (LXT) you'd like to take off. Take into account the shown minimus/fees. Also make sure you have filled your right withdraw address. If you're happy, make a mouse click on “Submit”. You could be asked for verfication via email/phone before a withdrawal.