A Step-by-Step-Guide on how to buy LocalCoinSwap (LCS)
Step 1 – Signup to Kraken You will first need to purchase units of the top-tier currencies. Exchanges commonly accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for alternative Coins. Click the button below to register and getting Ethereum or Bitcoin.
Step 2 – Transmit Your BTC (Bitcoin) or ETH (Ethereum) to an Exchange Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Exchange now. Every exchange has a deposit form that is similar. LocalCoinSwap (LCS) is accessible on Binance, so we're going to use that as an example. Not sure on how to send funds from Coinbase to an Exchange? (Follow this how-to) Make sure you have selected the precise coin you want to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, and so on. In the case you are dealing with a decentralized exchange, such as Airswap or DDEX could be opposed (Follow our manual).
Step 3 – Locate LocalCoinSwap (LCS) As soon as your deposit has been approved, you will immediately have access to your finances and you can start purchasing and trading. To buy LocalCoinSwap (LCS) on Binance, you will want to hover over the tab which is called “Exchange” and then click on “Basic”. To discover LocalCoinSwap (LCS), you will need to insert the cointype (LCS) into the search box, which is marked in the graphic. Make sure you have selected the proper pairing, we have marked this also. Click on “LCS/BTC” to go ahead.
Step 4 – Acquisition of LocalCoinSwap (LCS) After you've found LocalCoinSwap (LCS), you'll be presented with a Price Chart (in the Center of the image) and some Order Books (Leftside of the image). And now we're going to make our own Limit Order. The ”Price” field will be automatically filled with the most latest tariff LocalCoinSwap (LCS) was traded for. You can change this to your desired rate. The field with the “Amount” tag is the volumen of LCS you want to buy. The ”Total” field is the total price in BTC that you'll pay for the whole volumen of LCS. If you're happy, make a mouse click on “Buy LCS”. Your order will be filled when a Vender trades their LCS for the price you submitted.
Step 5 – Withdraw LocalCoinSwap (LCS) Unless you're regularly trading, never keep your crypto on an Crypto Trader for an extensive time period. In order to withdraw your LocalCoinSwap (LCS), go to the tab called “Funds” and mouse click on “Withdraw”. LocalCoinSwap (LCS) can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find LocalCoinSwap (LCS) by using the given drop-down box. Drop in the amount of LocalCoinSwap (LCS) you'd wish to withdraw. Take into account the demonstrated fees/minimums. Also make sure you have entered your precise withdraw address. If you're happy, click on “Submit”. You could be requested for phone/email verification before a withdrawal.