A Step-by-Step-Guide on how to buy Lithium (LIT)
Step 1 – Signup to Kraken You'll first need to purchase units of the top-tier coins. Exchanges usually accept either Bitcoin or Ethereum in exchange for Altcoins. Click below to register and getting ETH (Ethereum) or BTC (Bitcoin).
Step 2 – Transfer Your Bitcoin (BTC) or Ethereum (ETH) to an Exchange Your Bitcoin or Ethereum has to be sent over to an Exchange now. Every exchange has a deposit form that is identical. Lithium (LIT) is accessible on Binance, so we're going to use that as an illustration. Unsure on how to send funds from Coinbase to an Exchange? (Just follow this guide) Make sure you've chosen the right coin you want to deposit. BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, etc. In the case you are dealing with a decentralized exchange, like Airswap or DDEX could be different (Just follow these easy steps).
Step 3 – Locate Lithium (LIT) As soon as your deposit has been confirmed, you'll instantly have access to your finances and you can start invest and trading. To invest in Lithium (LIT) on Binance, you'll want to go to the tab which is called “Exchange” and after that mouse click on “Basic”. In order to discover Lithium (LIT), you'll need to put the shortname of the coin (LIT) into the search-box, which is marked in the picture. Be certain of having choosen the right pairing, we've marked this too. Click on “LIT/BTC” to advance.
Step 4 – Acquisition of Lithium (LIT) After you've found Lithium (LIT), you'll be given a Price Chart (in the Center of the image) and a few Order Books (on the Left of the image). And now we are going to create our own Limit Order. The ”Price” field will be filled automatically with the most up-to-date valuation Lithium (LIT) was sold for. You can change this to your desired price. The field with the “Amount” tag is the quantity of LIT you wish to purchase. The ”Total” field is the aggregated price in Bitcoin that you'll pay for the whole quantity of LIT. If you are glad, make a mouse click on “Buy LIT”. Your order will be filled as soon as a Vender trades their LIT for the price you gave.
Step 5 – Withdraw Lithium (LIT) Unless you are regularly trading, you should never keepyour crypto coins on an Cryptocurrency Exchange for an extensive time period. To take off your Lithium (LIT), hover over the ”Funds” tab and mouse click on “Withdraw”. Lithium (LIT) can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate Lithium (LIT) by using the provided drop-down box. Put into the quantity of Lithium (LIT) you'd wish to take off. Don't forget the displayed fees/minimums. Also make sure you have entered your right withdraw address. When you are satisfied, click “Submit”. You could be asked for phone/email verification before a take off.