How to Buy Lobstex (LOBS)

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

Step 1 – Join CEX.io

In the beginning you'll need to buy units of the bigger coins. Exchanges normally accept either Ethereum or Bitcoin in exchange for alternative Coins. Follow the Link below for registration and receive Bitcoin (BTC) or Ethereum (ETH).

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

Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is identical. Lobstex (LOBS) is accessible on Binance, so we will use that as an sample. Unsure on how to send Coinbase funds to an Crypto Exchange? (Follow this guide)

Make sure you have chosen the correct coin you want to deposit.

BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, and so forth. If you are dealing with a decentralized exchange, such as Airswap or DDEX could be unlike (Follow our guide).

Step 3 – Locate Lobstex (LOBS)

Once your deposit has been verified, you'll instantly have access to your finances and you can begin purchasing and trading. To purchase Lobstex (LOBS) on Binance, you'll want to go to the tab which is called “Exchange” and after that click on “Basic”.

To locate Lobstex (LOBS), you'll need to put the cointype (LOBS) into the search box, which is marked in the graphic. Be certain of having selected the right pairing, we have marked this also. Click on “LOBS/BTC” to go on.

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

Once you've spotted (LOBS) Lobstex, you will be given a Chart with Prices (in the Center of the image) and some Order Books (on the Left of the image). And now we're creating our Limit Order.

The field with the “Price” tag will be filled automatically with the most up-to-date price (LOBS) Lobstex was traded for. You can change this to your desired price. The ”Amount” field is the volumen of LOBS you wish to buy. The field with the “Total” tag is the total price in BTC that you'll settle for the complete volumen of LOBS.

If you are happy, click on “Buy LOBS”. Your order will be filled when a Vender trades their LOBS for the price you offered.

Step 5 – Withdraw (LOBS) Lobstex

Unless you're frequently trading, you should never keepyour crypto on an Exchange for an extended time period. In order to withdraw your (LOBS) Lobstex, hover over the tab called “Funds” and mouse click on “Withdraw”. (LOBS) Lobstex can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate (LOBS) Lobstex by using the given drop-down box. Drop in the quantity of (LOBS) Lobstex you would wish to withdraw. Take into account the presented fees/minimums. Also make sure you have filled your correct withdraw address.

If you're happy, click “Submit”. You may be asked for phone/email verification ahead of a withdrawal.

Binance Withdraw

Kudos! You've successfully purchased and safed Lobstex (LOBS).

That's it!

Take offs from Crypto Exchange can take between 1 – 30 minutes (depending on usage of the network). As soon as you've proved your take off using Etherscan.io or Ethplorer.io and the Lobstex (LOBS) is safe in your wallet, you're all done.