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 – Transfer Your ETH (Ethereum) or BTC (Bitcoin) to an Exchange

Your Bitcoin or Ethereum will need 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. Unsure on how to send funds from Coinbase to an Crypto Exchange? (Just follow this how-to)

Make sure you have chosen the correct coin you want to deposit.

BTC must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, and so on. In the case you are dealing with a decentralized exchange, like Airswap or DDEX could be unlike (Just follow our guide).

Step 3 – Find LUXCoin (LUX)

Once your deposit has been confirmed, you'll now have access to your funds and you can begin invest and trading. To buy LUXCoin (LUX) on Binance, you will want to go to the tab which is called “Exchange” and then click on “Basic”.

To spot LUXCoin (LUX), you'll need to insert the short name of the asset (LUX) into the search box, which is marked in the graphic. Make sure you have choosen the correct pairing, we've highlighted this also. Click on “LUX/BTC” to proceed.

Step 4 – Acquisition of LUXCoin (LUX)

As soon as you've discovered LUXCoin (LUX), you'll be given a Chart with Prices (in the Center of the picture) and a few Order Books (Leftside of the image). For now we're creating our own Limit Order.

The ”Price” field will be filled with the most latest tariff LUXCoin (LUX) was traded for. You can change this to your favoured price. The ”Amount” field is the quantity of LUX you wish to buy. The ”Total” field is the whole price in BTC that you will pay for the complete amount of LUX.

If you are glad, make a mouse click on “Buy LUX”. Your order will be filled as soon as a Vender trades their LUX for the price you introduced.

Step 5 – Withdraw LUXCoin (LUX)

Unless you're regularly trading, you should never keepyour crypto on an Exchange for an extended time frame. In order to take off your LUXCoin (LUX), hover over the tab called “Funds” and mouse click on “Withdraw”. LUXCoin (LUX) can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate LUXCoin (LUX) by using the provided drop-down box. Drop in the volumen of LUXCoin (LUX) you would wish to withdraw. Don't forget the demonstrated minimus/fees. Also make sure you have filled your correct withdraw address.

If you are satisfied, click on “Submit”. You may be asked for verfication via phone/email before a withdrawal.