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 Ethereum or Bitcoin to an Cryptocurrency Exchange

Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is alike. LITEX (LXT) is obtainable on Binance, so we will use that as an illustration. Unsure on how to send Coinbase funds to an Crypto Exchange? (Just follow this how-to)

Make sure you have chosen the precise coin you would like to deposit.

Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, et cetera. In the case you're using a decentralized exchange, such as Airswap or DDEX could be divergent (Follow these easy steps).

Step 3 – Locate LITEX (LXT)

Once your deposit has been affirmed, you'll immediately have access to your assets and you can launch buying and trading. To purchase LITEX (LXT) on Binance, you will want to go to the ”Exchange” tab and after that click on “Basic”.

To locate LITEX (LXT), you will need to put the short name of the asset (LXT) into the search-box, which is marked in the image. Make sure you have choosen the correct pairing, we've marked this too. Click on “LXT/BTC” to continue.

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

After you've found LITEX (LXT), you will be presented with a Price Chart (in the Center of the picture) and some Order Books (Leftside of the image). Next we're making our own Limit Order.

The ”Price” field will be automatically filled with the most latest valuation LITEX (LXT) was traded for. This can be changed to your favoured rate. The field with the “Amount” tag 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 complete amount of LXT.

If you're glad, click on “Buy LXT”. Your plan will be filled as soon as a Vendor trades their LXT for the price you submitted.

Step 5 – Withdraw LITEX (LXT)

Unless you're frequently trading, you should never keepyour coins on an Crypto Trader for an longer time frame. To take off your LITEX (LXT), hover over the tab called “Funds” and mouse click on “Withdraw”. LITEX (LXT) can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

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

When you're happy, click “Submit”. You may be requested for verfication via phone/email ahead of a withdrawal.

Binance Withdraw

Congrats! You've successfully purchased and safed LITEX (LXT).

That's it!

Take offs from Crypto Trader can take anywhere from 1 – 30 minutes (rely on network usage). Once you've confirmed your withdrawal using Etherscan.io or Ethplorer.io and the (LXT) LITEX is stored in your wallet, you are all done.

Some other Guides on How to buy Coins

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How to Buy Coins
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