How to Buy LOCK Token (LOCK)

A Step-by-Step-Guide on how to buy LOCK Token (LOCK)

Step 1 – Signup to Kraken

In the beginning you'll need to purchase one of the bigger currencies. Exchanges commonly accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for alternative Coins. Click the button below to register and getting ETH (Ethereum) or BTC (Bitcoin).

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

Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Exchange now. All exchanges have a deposit form that is alike. LOCK Token (LOCK) is obtainable on Binance, so we're going to use that as an illustration. Not sure on how to send Coinbase funds to an Cryptocurrency Exchange? (Follow these easy steps)

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

Bitcoin must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, etc. In the case you're dealing with a decentralized exchange, like Airswap or DDEX could be opposed (Just follow our guide).

Step 3 – Find LOCK Token (LOCK)

As soon as your deposit has been confirmed, you'll immediately have access to your finances and you can begin buying and trading. To purchase LOCK Token (LOCK) on Binance, you will want to go to the ”Exchange” tab and then click on “Basic”.

In order to locate LOCK Token (LOCK), you will need to put the shortname of the coin (LOCK) into the search box, which is highlighted in the picture. Be certain of having selected the proper grouping, we've marked this too. Click on “LOCK/BTC” to advance.

Binance Hot To Buy LOCK Token (LOCK)
Binance How to Buy (LOCK) LOCK Token
Step 4 – Purchasing LOCK Token (LOCK)

Once you've spotted LOCK Token (LOCK), you will be presented with a Price Chart (in the Center of the picture) and a few Order Books (Leftside of the image). And now we are making our own Limit Order.

The ”Price” field will be automatically filled with the most latest valuation LOCK Token (LOCK) was sold for. You can change this to your desired price. The ”Amount” field is the quantity of LOCK you want to buy. The ”Total” field is the total price in BTC that you'll settle for the whole volumen of LOCK.

When you're happy, click on “Buy LOCK”. Your order will be filled when a Vendor sells their LOCK for the price you offered.

Step 5 – Withdraw LOCK Token (LOCK)

Unless you're regularly trading, you should never keepyour coins on an Cryptocurrency Exchange for an extensive time period. In order to withdraw your LOCK Token (LOCK), hover over the tab called “Funds” and click on “Withdraw”. LOCK Token (LOCK) can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Find LOCK Token (LOCK) by using the provided drop-down box. Put into the amount of LOCK Token (LOCK) you would wish to take off. Take into account the shown minimus/fees. Also make sure you have entered your precise withdraw address.

When you are glad, make a mouse click on “Submit”. You could be asked for verfication via phone/email before a withdrawal.

Binance Withdraw

Congratulations! You have successfully bought and stored LOCK Token (LOCK).

That's it!

Withdrawals from Crypto Exchange can take between 1 – 30 minutes (depending on network usage). As soon as you have proved your withdrawal using Etherscan.io or Ethplorer.io and the (LOCK) LOCK Token is safe within your wallet, you're all done.

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