A Step-by-Step-Guide on 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 – Send Your Bitcoin (BTC) or Ethereum (ETH) to an Crypto Trader Your Bitcoin or Ethereum has to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is similar. Lition (LIT) is obtainable on Binance, so we will use that as an illustration. Unsure on how to send funds from Coinbase to an Crypto Trader? (Just follow this guide) Make sure you have chosen the right coin you wish to deposit. Bitcoin must be sent to a BTC deposit address, ETH to an Ethereum deposit address, etc. If you're using a decentralized exchange, like Airswap or DDEX could be different (Just follow our manual).
Step 3 – Find Lition (LIT) Once your deposit has been approved, you'll now have access to your assets and you can launch invest and trading. To buy Lition (LIT) on Binance, you will want to go to the ”Exchange” tab and then mouse click on “Basic”. In order to spot Lition (LIT), you'll need to insert the cointype (LIT) into the search-box, which is marked in the picture. Make sure you have selected the correct grouping, we have highlighted this too. Click on “LIT/BTC” to go ahead.
Step 4 – Purchasing Lition (LIT) After you've discovered Lition (LIT), you will be given a Price Chart (in the Center of the picture) and some Order Books (on the Left of the image). Next we're making our own Limit Order. The ”Price” field will be automatically filled with the most up-to-date rate Lition (LIT) was traded for. This can be changed to your favoured price. The field with the “Amount” tag is the amount of LIT you like to buy. The field with the “Total” tag is the aggregated price in Bitcoin that you will settle for the whole volumen of LIT. When you're satisfied, click on “Buy LIT”. Your plan will be filled when a Vendor trades their LIT for the price you offered.
Step 5 – Withdraw Lition (LIT) Unless you're regularly trading, best advise is not to keep crypto on an Crypto Trader for an extended period of time. To take off your Lition (LIT), go to the tab called “Funds” and click on “Withdraw”. Lition (LIT) can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find Lition (LIT) by using the provided drop-down box. Drop in the volumen of Lition (LIT) you would wish to take off. Don't forget the displayed fees/minimums. Also make sure you have filled your precise withdraw address. If you're glad, click on “Submit”. You may be asked for phone/email verification before a withdrawal.