A Step-by-Step-Guide on how to buy Lumos (LMS)
Step 1 – Signup to Coinbase and recieve 10$ for free You will first need to buy one of the bigger currencies. Exchanges normally accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for Altcoins. Click below to register and getting your first 10$.
Step 2 – Transfer Your Ethereum or Bitcoin to an Crypto Exchange Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is alike. Lumos (LMS) 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 Crypto Exchange? (Just follow this guide) Make sure you've selected the precise coin you wish to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, et cetera. In the case you are dealing with a decentralized exchange, such as Airswap or DDEX could be opposed (Just follow our guide).
Step 3 – Find Lumos (LMS) As soon as your deposit has been confirmed, you will directly have access to your funds and you can begin buying and trading. To buy Lumos (LMS) on Binance, you will want to go to the ”Exchange” tab and then mouse click on “Basic”. To locate Lumos (LMS), you will need to put the shortname of the coin (LMS) into the search box, which is highlighted in the picture. Be certain of having selected the right pairing, we've highlighted this also. Click on “LMS/BTC” to go on.
Step 4 – Purchase Lumos (LMS) Once you've found Lumos (LMS), you will be presented with a Price Chart (in the Center of the image) and a few Order Books (Leftside of the image). And now we're going to create our Limit Order. The field with the “Price” tag will be filled automatically with the most up-to-date rate Lumos (LMS) was traded for. This can be changed to your preferred price. The ”Amount” field is the quantity of LMS you wish to buy. The ”Total” field is the total price in BTC that you will pay for the whole quantity of LMS. When you're satisfied, make a mouse click on “Buy LMS”. Your plan will be filled as soon as a Vendor sells their LMS for the price you gave.
Step 5 – Withdraw Lumos (LMS) Unless you're regularly trading, never keep your crypto coins on an Cryptocurrency Exchange for an extensive time period. To withdraw your Lumos (LMS), hover over the tab called “Funds” and mouse click on “Withdraw”. Lumos (LMS) can be stored safely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find Lumos (LMS) by using the given drop-down box. Put into the amount of Lumos (LMS) you'd like to withdraw. Take into account the displayed minimus/fees. Also make sure you have filled your precise withdraw address. When you're happy, click “Submit”. You may be asked for verfication via phone/email ahead of a take off.