A Step-by-Step-Guide on how to buy Lung Protocol (L2P)
Step 1 – Signup to Kraken You will first need to buy units of the major coins. Exchanges usually accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for alternative Coins. Click below to register and to get Bitcoin (BTC) or Ethereum (ETH).
Step 2 – Transfer Your Funds to an Crypto Exchange Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is identical. Lung Protocol (L2P) is available on Binance, so we're going to use that as an sample. Unsure on how to send funds from Coinbase to an Crypto Exchange? (Follow this manual) Make sure you have chosen the correct coin you want to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, and so forth. If you are working with a decentralized exchange, like Airswap or DDEX could be different (Follow our guide).
Step 3 – Find Lung Protocol (L2P) As soon as your deposit has been confirmed, you will immediately have access to your finances and you can start invest and trading. To buy Lung Protocol (L2P) on Binance, you will want to hover over the ”Exchange” tab and mouse click on “Basic”. In order to spot Lung Protocol (L2P), you will need to put the cointype (L2P) into the search box, which is marked in the image. Make sure you have selected the proper pairing, we have marked this too. Click on “L2P/BTC” to go on.
Step 4 – Purchasing Lung Protocol (L2P) As soon as you have spotted Lung Protocol (L2P), you will be presented with a Chart with Prices (in the Center of the picture) and some Order Books (Leftside of the picture). And now we are going to create our own Limit Order. The field with the “Price” tag will be filled with the most recent valuation Lung Protocol (L2P) was sold for. This can be changed to your desired rate. The ”Amount” field is the amount of L2P you like to purchase. The field with the “Total” tag is the whole price in Bitcoin that you'll settle for the whole amount of L2P. When you're happy, click on “Buy L2P”. Your plan will be filled as soon as a Vender trades their L2P for the price you submitted.
Step 5 – Withdraw Lung Protocol (L2P) Unless you're regularly trading, best advise is not to keep coins on an Crypto Exchange for an extended time period. In order to withdraw your Lung Protocol (L2P), hover over the ”Funds” tab and mouse click on “Withdraw”. Lung Protocol (L2P) can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate Lung Protocol (L2P) by using the provided drop-down box. Drop in the quantity of Lung Protocol (L2P) you would wish to withdraw. Don't forget the displayed fees/minimums. Also make sure you have entered your right withdraw address. If you're satisfied, make a mouse click on “Submit”. You could be requested for verfication via email/phone before a withdrawal.