A Step-by-Step-Guide on how to buy Lua Token (LUA)
Step 1 – Signup to Kraken You'll first need to buy units of the major currencies. Exchanges commonly accept either Bitcoin or Ethereum in exchange for Altcoins. Follow the Link below to register and to get Bitcoin or Ethereum.
Step 2 – Send Your Bitcoin or Ethereum to an Cryptocurrency Exchange Your Ethereum or Bitcoin has to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is similar. Lua Token (LUA) is available on Binance, so we're going to use that as an illustration. Unsure on how to send Coinbase funds to an Cryptocurrency Exchange? (Follow this how-to) Make sure you have chosen the correct coin you would like to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, etcetera. If you're working with a decentralized exchange, like Airswap or DDEX could be opposed (Follow our how-to).
Step 3 – Locate Lua Token (LUA) Once your deposit has been verified, you will instantly have access to your finances and you can commence buying and trading. To invest in Lua Token (LUA) on Binance, you will want to go to the ”Exchange” tab and after that mouse click on “Basic”. In order to find Lua Token (LUA), you will need to put the shortname of the coin (LUA) into the search box, which is marked in the picture. Make sure you have selected the right pairing, we have marked this also. Click on “LUA/BTC” to go ahead.
Step 4 – Acquisition of Lua Token (LUA) Once you have found Lua Token (LUA), you'll be given a Price Chart (in the Center of the picture) and a few Order Books (Leftside of the picture). Next we are going to make our Limit Order. The field with the “Price” tag will be filled automatically with the up-to-date rate Lua Token (LUA) was sold for. This can be changed to your preferred price. The field with the “Amount” tag is the amount of LUA you like to buy. The ”Total” field is the whole price in BTC that you will settle for the whole amount of LUA. When you're happy, click on “Buy LUA”. Your plan will be filled as soon as a Vendor trades their LUA for the price you submitted.
Step 5 – Withdraw Lua Token (LUA) Unless you're trading, best advise is not to keep your coins on an Crypto Exchange for an extended period of time. In order to take off your Lua Token (LUA), hover over the ”Funds” tab and click on “Withdraw”. Lua Token (LUA) can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate Lua Token (LUA) by using the provided drop-down box. Enter the amount of Lua Token (LUA) you'd like to take off. Don't forget the displayed minimus/fees. Also make sure you have entered your right withdraw address. When you're happy, click on “Submit”. You could be asked for verfication via email/phone ahead of a withdrawal.