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 Bitcoin (BTC) or Ethereum (ETH) to an Crypto Trader

Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is identical. LITEX (LXT) is available on Binance, so we will use that as an example. Not sure on how to send Coinbase funds to an Exchange? (Just follow these easy steps)

Make sure you've chosen the right coin you would like to deposit.

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

Step 3 – Find LITEX (LXT)

Once your deposit has been affirmed, you'll directly have access to your finances and you can begin buying and trading. To buy LITEX (LXT) on Binance, you will want to go to the ”Exchange” tab and then click on “Basic”.

To discover LITEX (LXT), you will need to put the short name of the asset (LXT) into the search box, which is marked in the graphic. Be certain of having selected the right pairing, we've marked this also. Click on “LXT/BTC” to proceed.

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

Once you have discovered LITEX (LXT), you'll be presented with a Chart with Prices (in the Center of the picture) and some Order Books (Leftside of the image). Next we are going to make our own Limit Order.

The ”Price” field will be filled with the most recent valuation LITEX (LXT) was sold for. This can be changed to your desired price. The field with the “Amount” tag is the quantity of LXT you want to purchase. The field with the “Total” tag is the whole price in BTC that you will pay for the whole volumen of LXT.

When you're glad, click on “Buy LXT”. Your order will be filled as soon as a Vender trades their LXT for the price you introduced.

Step 5 – Withdraw LITEX (LXT)

Unless you are frequently trading, best advise is not to keep your coins on an Crypto Exchange for an extensive time frame. To take off your LITEX (LXT), go to the ”Funds” tab and click on “Withdraw”. LITEX (LXT) can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Locate LITEX (LXT) by using the given drop-down box. Drop in the amount of LITEX (LXT) you would wish to withdraw. Take into account the presented fees/minimums. Also make sure you have filled your correct withdraw address.

When you're glad, click on “Submit”. You may be requested for email/phone verification before a withdrawal.

Binance Withdraw

Congratulations! You've successfully bought and safed LITEX (LXT).

That's it!

Take offs from Cryptocurrency Exchange can durate anywhere from 1 – 30 minutes (rely on usage of the network). Once you have proved your withdrawal with Etherscan.io or Ethplorer.io and the (LXT) LITEX is stored within your wallet, you are done.

Some other Guides on How to buy Coins

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