A Step-by-Step-Guide on how to buy Lithium (LIT)
Step 1 – Signup to Coinbase – Get Free $10 You will first need to buy one of the top-tier currencies. Exchanges normally accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for alternative Coins. Click below for registration and getting your welcome $10.
Step 2 – Transfer Your BTC (Bitcoin) or ETH (Ethereum) to an Crypto Trader Your Ethereum or Bitcoin will need to be sent over to an Crypto Trader now. Every exchange has a deposit form that is identical. Lithium (LIT) is obtainable on Binance, so we're going to use that as an example. Unsure on how to send funds from Coinbase to an Crypto Trader? (Follow this manual) Make sure you've chosen the exact coin you want to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, etcetera. If you're using a decentralized exchange, like Airswap or DDEX could be unlike (Follow our guide).
Step 3 – Locate Lithium (LIT) As soon as your deposit has been confirmed, you'll instantly have access to your funds and you can initiate buying and trading. To buy Lithium (LIT) on Binance, you'll want to hover over the ”Exchange” tab and after that click on “Basic”. In order to locate Lithium (LIT), you'll need to insert the short name of the asset (LIT) into the search box, which is marked in the picture. Make sure you have selected the proper pairing, we've marked this also. Click on “LIT/BTC” to go on.
Step 4 – Purchasing Lithium (LIT) After you have spotted Lithium (LIT), you'll be presented with a Price Chart (in the Center of the picture) and a few Order Books (Leftside of the picture). Next we're making our Limit Order. The ”Price” field will be automatically filled with the up-to-date valuation Lithium (LIT) was sold for. This can be changed to your favoured rate. The ”Amount” field is the amount of LIT you wish to buy. The ”Total” field is the whole price in Bitcoin that you will settle for the whole amount of LIT. If you're glad, make a mouse click on “Buy LIT”. Your order will be filled as soon as a Seller trades their LIT for the price you introduced.
Step 5 – Withdraw (LIT) Lithium Unless you're regularly trading, never keep your crypto coins on an Cryptocurrency Exchange for an longer time period. In order to withdraw your (LIT) Lithium, go to the ”Funds” tab and click on “Withdraw”. (LIT) Lithium can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate (LIT) Lithium by using the given drop-down box. Enter the amount of (LIT) Lithium you would like to withdraw. Take into account the presented minimus/fees. Also make sure you have filled your correct withdraw address. If you're glad, make a mouse click on “Submit”. You may be requested for verfication via email/phone ahead of a take off.