A Step-by-Step-Guide on how to buy LUXCoin (LUX)
Step 1 – Signup to Kraken In the beginning you'll need to purchase units of the bigger coins. Exchanges normally accept either Ethereum or Bitcoin in exchange for Altcoins. Follow the Link below for registration and to get Bitcoin (BTC) or Ethereum (ETH).
Step 2 – Send Your Ethereum (ETH) or Bitcoin (BTC) to an Crypto Trader Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Crypto Trader now. Every exchange has a deposit form that is similar. LUXCoin (LUX) is obtainable on Binance, so we're going to use that as an sample. Not sure on how to send Coinbase funds to an Crypto Trader? (Just follow these easy steps) Make sure you've chosen the right coin you would like to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, etc. If you are using a decentralized exchange, like Airswap or DDEX could be divergent (Just follow our manual).
Step 3 – Locate LUXCoin (LUX) Once your deposit has been verified, you'll now have access to your assets and you can initiate buying and trading. To buy LUXCoin (LUX) on Binance, you'll want to hover over the tab which is called “Exchange” and mouse click on “Basic”. To discover LUXCoin (LUX), you'll need to put the short name of the asset (LUX) into the search box, which is marked in the picture. Be certain of having selected the right grouping, we've marked this also. Click on “LUX/BTC” to continue.
Step 4 – Buy LUXCoin (LUX) Once you have found LUXCoin (LUX), you will be presented with a Chart with Prices (in the Center of the image) and some Order Books (on the Left of the image). For now we are making our own Limit Order. The ”Price” field will be filled automatically with the recent valuation LUXCoin (LUX) was traded for. This can be changed to your desired rate. The ”Amount” field is the volumen of LUX you want to purchase. The field with the “Total” tag is the whole price in Bitcoin that you'll settle for the whole volumen of LUX. When you are happy, make a mouse click on “Buy LUX”. Your plan will be filled when a Seller trades their LUX for the price you introduced.
Step 5 – Withdraw LUXCoin (LUX) Unless you're frequently trading, best advise is not to keep coins on an Crypto Exchange for an extended time frame. To take off your LUXCoin (LUX), go to the tab called “Funds” and click on “Withdraw”. LUXCoin (LUX) can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find LUXCoin (LUX) by using the given drop-down box. Drop in the quantity of LUXCoin (LUX) you'd like to take off. Don't forget the demonstrated fees/minimums. Also make sure you have entered your right withdraw address. When you're satisfied, make a mouse click on “Submit”. You could be requested for email/phone verification before a take off.