How to Buy LUXCoin (LUX)

A Step-by-Step-Guide on how to buy LUXCoin (LUX)

Step 1 – Join CEX.io

You will first need to purchase one of the bigger coins. Exchanges normally accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for Altcoins. Follow the Link below for registration and receive Ethereum (ETH) or Bitcoin (BTC).

Binance Signup
Step 2 – Send Your BTC (Bitcoin) or ETH (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. LUXCoin (LUX) is available on Binance, so we will use that as an illustration. Not sure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Follow this manual)

Make sure you've selected the exact coin you would like to deposit.

Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, etc. In the case you are dealing with a decentralized exchange, like Airswap or DDEX could be unlike (Follow our manual).

Step 3 – Find (LUX) LUXCoin

Once your deposit has been approved, you will instantly have access to your assets and you can begin invest and trading. To buy (LUX) LUXCoin on Binance, you will want to go to the ”Exchange” tab and click on “Basic”.

To spot (LUX) LUXCoin, you will need to insert the cointype (LUX) into the search box, which is marked in the graphic. Be certain of having choosen the right grouping, we've marked this too. Click on “LUX/BTC” to go ahead.

Binance Hot To Buy LUXCoin (LUX)
Binance How to Buy (LUX) LUXCoin
Step 4 – Purchase (LUX) LUXCoin

As soon as you've found (LUX) LUXCoin, you'll be given a Price Chart (in the Center of the image) and some Order Books (on the Left of the image). For now we are making our Limit Order.

The field with the “Price” tag will be automatically filled with the most up-to-date rate (LUX) LUXCoin was traded for. This can be changed to your desired price. The ”Amount” field is the amount of LUX you wish to purchase. The ”Total” field is the aggregated price in Bitcoin that you will settle for the whole amount of LUX.

When you're happy, make a mouse click on “Buy LUX”. Your plan will be filled as soon as a Vender trades their LUX for the price you gave.

Step 5 – Withdraw LUXCoin (LUX)

Unless you're trading, you should never keepyour crypto coins on an Exchange for an longer time period. To withdraw your LUXCoin (LUX), go to the tab called “Funds” and mouse click on “Withdraw”. LUXCoin (LUX) can be stored securely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Locate LUXCoin (LUX) by using the given drop-down box. Enter the volumen of LUXCoin (LUX) you would like to withdraw. Take into account the shown fees/minimums. Also make sure you have filled your right withdraw address.

When you're happy, click on “Submit”. You could be asked for phone/email verification ahead of a withdrawal.

Binance Withdraw

Congrats! You've successfully bought and stored (LUX) LUXCoin.

That's it!

Withdrawals from Crypto Exchange can durate anywhere from 1 – 30 minutes (rely on usage of the network). Once you have confirmed your take off using Ethplorer.io or Etherscan.io and the (LUX) LUXCoin is safe in your wallet, you're finished.