How to Buy LITEX (LXT)

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).

Binance Signup
Step 2 – Send Your ETH (Ethereum) or BTC (Bitcoin) to an Crypto Exchange

Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Exchange now. All exchanges have a deposit form that is alike. LITEX (LXT) is obtainable on Binance, so we're going to use that as an illustration. Not sure on how to send funds from Coinbase to an Crypto Exchange? (Follow this guide)

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

Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, and so on. If you are working with a decentralized exchange, like Airswap or DDEX could be opposed (Follow our manual).

Step 3 – Find LITEX (LXT)

As soon as your deposit has been confirmed, you'll directly have access to your finances and you can launch purchasing and trading. To buy LITEX (LXT) on Binance, you will want to hover over the tab which is called “Exchange” and after that mouse click on “Basic”.

To locate LITEX (LXT), you'll need to put the short name of the asset (LXT) into the search-box, which is highlighted in the graphic. Make sure you have selected the proper pairing, we've marked this too. Click on “LXT/BTC” to go on.

Binance Hot To Buy LITEX (LXT)
Binance How to Buy (LXT) LITEX
Step 4 – Buying LITEX (LXT)

After you have discovered LITEX (LXT), you will be given a Price Chart (in the Center of the image) and some Order Books (on the Left of the picture). For now we're making our own Limit Order.

The ”Price” field will be filled with the most recent rate LITEX (LXT) was sold for. You can change this to your preferred price. The ”Amount” field is the volumen of LXT you like to purchase. The field with the “Total” tag is the aggregated price in BTC that you will pay for the whole volumen of LXT.

If you're satisfied, make a mouse click on “Buy LXT”. Your plan will be filled when a Vendor trades their LXT for the price you submitted.

Step 5 – Withdraw LITEX (LXT)

Unless you are regularly trading, you should never keepyour coins on an Crypto Trader for an extensive time frame. In order to withdraw your LITEX (LXT), go to the ”Funds” tab and mouse click on “Withdraw”. LITEX (LXT) can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate LITEX (LXT) by using the given drop-down box. Put into the quantity of LITEX (LXT) you'd wish to take off. Take into account the displayed fees/minimums. Also make sure you have entered your right withdraw address.

If you are happy, click on “Submit”. You may be asked for phone/email verification before a take off.

Binance Withdraw

Kudos! You have successfully bought and safed LITEX (LXT).

That's it!

Withdrawals from Exchange can take between 1 – 30 minutes (rely on usage of the network). As soon as you've proved your withdrawal with Ethplorer.io or Etherscan.io and the (LXT) LITEX is stored inside your wallet, you're done.

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