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 BTC (Bitcoin) or ETH (Ethereum) to an Exchange

Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Crypto Trader now. All exchanges have a deposit form that is similar. LITEX (LXT) is obtainable on Binance, so we will use that as an illustration. Unsure on how to send Coinbase funds to an Crypto Trader? (Just follow this guide)

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

Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, and so forth. If you're working with a decentralized exchange, such as Airswap or DDEX could be opposed (Just follow these easy steps).

Step 3 – Find LITEX (LXT)

Once your deposit has been approved, you will now have access to your funds and you can start purchasing and trading. To purchase LITEX (LXT) on Binance, you will want to hover over the tab which is called “Exchange” and after that click on “Basic”.

In order to discover 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 choosen the correct pairing, we have marked this too. Click on “LXT/BTC” to go ahead.

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

After you have found LITEX (LXT), you will be given a Chart with Prices (in the Center of the picture) and some Order Books (Leftside of the picture). And now we're going to create our own Limit Order.

The field with the “Price” tag will be automatically filled with the most latest valuation LITEX (LXT) was traded for. You can change this to your desired price. The ”Amount” field is the quantity of LXT you like to buy. The ”Total” field is the total price in Bitcoin that you'll settle for the whole quantity of LXT.

If you are satisfied, make a mouse click on “Buy LXT”. Your order will be filled when a Vendor trades their LXT for the price you offered.

Step 5 – Withdraw LITEX (LXT)

Unless you are frequently trading, best advise is not to keep crypto coins on an Crypto Trader for an extensive time period. In order to withdraw your LITEX (LXT), hover over the ”Funds” tab and click on “Withdraw”. LITEX (LXT) can be securely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Find LITEX (LXT) by using the provided drop-down box. Enter the amount of LITEX (LXT) you'd wish to take off. Don't forget the presented fees/minimums. Also make sure you have filled your right withdraw address.

If you are happy, make a mouse click on “Submit”. You could be requested for verfication via phone/email before a withdrawal.

Binance Withdraw

Kudos! You have successfully purchased and stored LITEX (LXT).

That's it!

Take offs from Crypto Exchange can durate between 1 – 30 minutes (depending on usage of the network). Once you have confirmed your take off with Etherscan.io or Ethplorer.io and the (LXT) LITEX is stored inside your wallet, you are finished.

Some other Guides on How to buy Coins

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