A Step-by-Step-Guide on how to buy Lunch Money (LMY)
Step 1 – Signup to CEX.io You'll first need to purchase units of the bigger currencies. Exchanges commonly accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for Altcoins. Follow the Link below for registration and receive ETH (Ethereum) or BTC (Bitcoin).
Step 2 – Transmit Your Funds to an Crypto Exchange Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is alike. Lunch Money (LMY) is obtainable on Binance, so we're going to use that as an example. Not sure on how to send Coinbase funds to an Crypto Exchange? (Follow this manual) Make sure you've chosen the exact coin you would like to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, and so forth. In the case you are using a decentralized exchange, such as Airswap or DDEX could be different (Follow our manual).
Step 3 – Find Lunch Money (LMY) As soon as your deposit has been approved, you will instantly have access to your funds and you can commence buying and trading. To buy Lunch Money (LMY) on Binance, you will want to hover over the ”Exchange” tab and after that click on “Basic”. To find Lunch Money (LMY), you will need to insert the short name of the asset (LMY) into the search box, which is highlighted in the picture. Be certain of having choosen the proper pairing, we've highlighted this also. Click on “LMY/BTC” to proceed.
Step 4 – Buy Lunch Money (LMY) As soon as you've discovered Lunch Money (LMY), you will be presented with a Chart with Prices (in the Center of the picture) and a few Order Books (on the Left of the picture). And now we're going to make our Limit Order. The ”Price” field will be filled automatically with the latest valuation Lunch Money (LMY) was sold for. This can be changed to your preferred rate. The field with the “Amount” tag is the quantity of LMY you like to buy. The field with the “Total” tag is the total price in BTC that you'll settle for the whole quantity of LMY. If you're happy, click on “Buy LMY”. Your order will be filled when a Vender sells their LMY for the price you offered.
Step 5 – Withdraw (LMY) Lunch Money Unless you are regularly trading, never keep your crypto coins on an Cryptocurrency Exchange for an extensive time frame. To take off your (LMY) Lunch Money, hover over the ”Funds” tab and mouse click on “Withdraw”. (LMY) Lunch Money can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find (LMY) Lunch Money by using the given drop-down box. Put into the quantity of (LMY) Lunch Money you'd like to take off. Don't forget the shown fees/minimums. Also make sure you have entered your precise withdraw address. If you are satisfied, click on “Submit”. You could be asked for email/phone verification before a take off.