How to Buy Lition (LIT)

Step 1 – Signup to Kraken

In the beginning you'll need to buy units of the top-tier coins. Exchanges normally accept either Bitcoin or Ethereum in exchange for any other Cryptocurrency. Follow the Link below to register and receive BTC (Bitcoin) or ETH (Ethereum).

Step 2 – Transmit Your Ethereum or Bitcoin to an Crypto Exchange

Your Bitcoin or Ethereum will need to be sent over to an Crypto Trader now. All exchanges have a deposit form that is alike. Lition (LIT) is obtainable on Binance, so we're going to use that as an illustration. Unsure on how to send funds from Coinbase to an Crypto Exchange? (Just follow these easy steps)

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

Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, etcetera. In the case you're using a decentralized exchange, such as Airswap or DDEX could be different (Follow our guide).

Step 3 – Locate Lition (LIT)

As soon as your deposit has been approved, you'll instantly have access to your funds and you can initiate buying and trading. To purchase Lition (LIT) on Binance, you'll want to hover over the tab which is called “Exchange” and after that click on “Basic”.

To find Lition (LIT), you'll need to insert the shortname of the coin (LIT) into the search-box, which is highlighted in the image. Be certain of having selected the correct pairing, we have marked this also. Click on “LIT/BTC” to continue.

Step 4 – Buying Lition (LIT)

Once you have spotted Lition (LIT), you will be presented with a Chart with Prices (in the Center of the picture) and a few Order Books (Leftside of the picture). Next we're making our own Limit Order.

The ”Price” field will be filled automatically with the most recent valuation Lition (LIT) was sold for. You can change this to your favoured rate. The ”Amount” field is the amount of LIT you like to buy. The ”Total” field is the whole price in Bitcoin that you'll settle for the whole amount of LIT.

When you are happy, click on “Buy LIT”. Your order will be filled as soon as a Vender sells their LIT for the price you gave.

Step 5 – Withdraw Lition (LIT)

Unless you are regularly trading, best advise is not to keep crypto coins on an Crypto Exchange for an extended time period. To take off your Lition (LIT), go to the ”Funds” tab and click on “Withdraw”. Lition (LIT) can be securely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Find Lition (LIT) by using the provided drop-down box. Drop in the amount of Lition (LIT) you would wish to withdraw. Don't forget the presented fees/minimums. Also make sure you have filled your precise withdraw address.

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