How to Buy Lobstex (LOBS)

A Step-by-Step-Guide on how to buy Lobstex (LOBS)

Step 1 – Signup to Kraken

In the beginning you'll need to buy one of the major coins. Exchanges usually accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for any other Cryptocurrency. Follow the Link below for registration and getting Bitcoin or Ethereum.

Binance Signup
Step 2 – Transmit Your BTC (Bitcoin) or ETH (Ethereum) to an Cryptocurrency Exchange

Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is alike. Lobstex (LOBS) is available on Binance, so we're going to use that as an illustration. Not sure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Follow this manual)

Make sure you've selected the correct coin you want to deposit.

BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, and so on. In the case you are dealing with a decentralized exchange, like Airswap or DDEX could be opposed (Follow these easy steps).

Step 3 – Locate Lobstex (LOBS)

As soon as your deposit has been affirmed, you'll instantly have access to your funds and you can initiate invest and trading. To buy Lobstex (LOBS) on Binance, you'll want to hover over the tab which is called “Exchange” and then click on “Basic”.

To spot Lobstex (LOBS), you'll need to insert the short name of the asset (LOBS) into the search box, which is highlighted in the graphic. Be certain of having choosen the correct pairing, we have highlighted this also. Click on “LOBS/BTC” to advance.

Binance Hot To Buy Lobstex (LOBS)
Binance How to Buy (LOBS) Lobstex
Step 4 – Buying Lobstex (LOBS)

After you've found Lobstex (LOBS), you'll be presented with a Chart with Prices (in the Center of the image) and some Order Books (Leftside of the image). For now we are going to make our own Limit Order.

The ”Price” field will be automatically filled with the latest tariff Lobstex (LOBS) was traded for. You can change this to your desired rate. The field with the “Amount” tag is the volumen of LOBS you want to buy. The field with the “Total” tag is the total price in Bitcoin that you'll settle for the complete volumen of LOBS.

When you're happy, make a mouse click on “Buy LOBS”. Your plan will be filled as soon as a Vender sells their LOBS for the price you gave.

Step 5 – Withdraw Lobstex (LOBS)

Unless you are regularly trading, you should never keepyour crypto coins on an Crypto Trader for an extended period of time. To withdraw your Lobstex (LOBS), hover over the tab called “Funds” and mouse click on “Withdraw”. Lobstex (LOBS) can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Lobstex (LOBS) by using the provided drop-down box. Put into the volumen of Lobstex (LOBS) you'd wish to withdraw. Don't forget the shown fees/minimums. Also make sure you have entered your right withdraw address.

When you are glad, click “Submit”. You could be asked for verfication via phone/email before a take off.

Binance Withdraw

Congratulations! You've successfully purchased and stored Lobstex (LOBS).

That's it!

Take offs from Exchange can take anywhere from 1 – 30 minutes (rely on usage of the network). Once you have proved your take off with Ethplorer.io or Etherscan.io and the (LOBS) Lobstex is stored within your wallet, you are all done.

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