A Step-by-Step-Guide on how to buy Lunch Money (LMY)
Step 1 – Join Coinbase – Get Free $10 In the beginning you'll need to buy one of the major currencies. Exchanges usually accept either Bitcoin or Ethereum in exchange for alternative Coins. Follow the Link below to register and to get your welcome 10$.
Step 2 – Transfer Your Ethereum or Bitcoin to an Cryptocurrency Exchange Your Ethereum or Bitcoin will need to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is similar. Lunch Money (LMY) 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 Cryptocurrency Exchange? (Follow these easy steps) Make sure you've selected the correct coin you wish to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etc. If you are dealing with a decentralized exchange, such as Airswap or DDEX could be different (Follow our guide).
Step 3 – Find (LMY) Lunch Money As soon as your deposit has been affirmed, you'll instantly have access to your finances and you can begin buying and trading. To invest in (LMY) Lunch Money on Binance, you'll want to hover over the ”Exchange” tab and mouse click on “Basic”. In order to find (LMY) Lunch Money, you'll need to put the cointype (LMY) into the search box, which is highlighted in the image. Be certain of having selected the correct pairing, we have highlighted this also. Click on “LMY/BTC” to advance.
Step 4 – Acquisition of Lunch Money (LMY) After 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). For now we're creating our Limit Order. The ”Price” field will be filled automatically with the most recent price Lunch Money (LMY) was sold for. You can change this to your favoured rate. The ”Amount” field is the amount of LMY you want to buy. The ”Total” field is the total price in BTC that you'll settle for the whole amount of LMY. If you are glad, click on “Buy LMY”. Your plan will be filled when a Vendor sells their LMY for the price you submitted.
Step 5 – Withdraw Lunch Money (LMY) Unless you are regularly trading, best advise is not to keep crypto coins on an Exchange for an extensive period of time. In order to take off your Lunch Money (LMY), hover over the ”Funds” tab and click on “Withdraw”. Lunch Money (LMY) can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate Lunch Money (LMY) by using the provided drop-down box. Enter the quantity of Lunch Money (LMY) you'd wish to take off. Take into account the demonstrated fees/minimums. Also make sure you have filled your right withdraw address. When you are satisfied, click on “Submit”. You may be requested for verfication via phone/email before a take off.