A Step-by-Step-Guide on how to buy LITonium (LIT)
Step 1 – Signup to Kraken You'll first need to buy units of the top-tier coins. Exchanges normally accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for Altcoins. Follow the Link below for registration and getting Bitcoin (BTC) or Ethereum (ETH).
Step 2 – Transmit Your Bitcoin (BTC) or Ethereum (ETH) to an Exchange Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Exchange now. Every exchange has a deposit form that is alike. LITonium (LIT) is accessible on Binance, so we will use that as an example. Unsure on how to send funds from Coinbase to an Exchange? (Just follow this guide) Make sure you have chosen the exact coin you wish to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, et cetera. In the case you are dealing with a decentralized exchange, such as Airswap or DDEX could be opposed (Just follow our guide).
Step 3 – Locate LITonium (LIT) As soon as your deposit has been approved, you'll directly have access to your finances and you can initiate invest and trading. To buy LITonium (LIT) on Binance, you'll want to hover over the tab which is called “Exchange” and then click on “Basic”. To discover LITonium (LIT), you'll need to insert the short name of the asset (LIT) into the search box, which is marked in the image. Be certain of having choosen the right grouping, we have marked this too. Click on “LIT/BTC” to go ahead.
Step 4 – Purchase LITonium (LIT) Once you have spotted LITonium (LIT), you will be given a Chart with Prices (in the Center of the picture) and some Order Books (on the Left of the picture). For now we are going to create our own Limit Order. The ”Price” field will be filled with the most latest price LITonium (LIT) was traded for. This can be changed to your desired rate. The ”Amount” field is the volumen of LIT you want to buy. The ”Total” field is the whole price in Bitcoin that you'll settle for the whole volumen of LIT. If you're satisfied, make a mouse click on “Buy LIT”. Your plan will be filled as soon as a Vender sells their LIT for the price you gave.
Step 5 – Withdraw LITonium (LIT) Unless you are trading, best advise is not to keep your crypto coins on an Exchange for an extensive period of time. To withdraw your LITonium (LIT), hover over the tab called “Funds” and click on “Withdraw”. LITonium (LIT) can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find LITonium (LIT) by using the given drop-down box. Put into the amount of LITonium (LIT) you would wish to withdraw. Don't forget the shown minimus/fees. Also make sure you have entered your correct withdraw address. When you are happy, make a mouse click on “Submit”. You could be asked for email/phone verification ahead of a take off.