A Step-by-Step-Guide on how to buy Lynx (LYNX)
Step 1 – Signup to Coinbase – Get Free $10 You'll first need to purchase units of the bigger currencies. Exchanges normally accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for Altcoins. Click the button below for registration and getting your first 10 Dollar.
Step 2 – Transfer Your Ethereum or Bitcoin to an Exchange Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Exchange now. Every exchange has a deposit form that is similar. Lynx (LYNX) is available on Binance, so we're going to use that as an sample. Unsure on how to send funds from Coinbase to an Exchange? (Follow these easy steps) Make sure you've selected the right coin you wish to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, and so on. In the case you're dealing with a decentralized exchange, like Airswap or DDEX could be different (Follow our manual).
Step 3 – Locate Lynx (LYNX) Once your deposit has been verified, you will directly have access to your assets and you can commence buying and trading. To buy Lynx (LYNX) on Binance, you will want to go to the ”Exchange” tab and then click on “Basic”. To locate Lynx (LYNX), you will need to put the cointype (LYNX) into the search-box, which is highlighted in the graphic. Make sure you have selected the proper pairing, we have highlighted this too. Click on “LYNX/BTC” to go ahead.
Step 4 – Purchase (LYNX) Lynx After you have spotted (LYNX) Lynx, 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). Next we're going to make our own Limit Order. The ”Price” field will be filled with the latest rate (LYNX) Lynx was traded for. You can change this to your desired price. The ”Amount” field is the volumen of LYNX you wish to purchase. The ”Total” field is the aggregated price in Bitcoin that you'll pay for the complete volumen of LYNX. When you're happy, make a mouse click on “Buy LYNX”. Your order will be filled as soon as a Seller trades their LYNX for the price you gave.
Step 5 – Withdraw Lynx (LYNX) Unless you're frequently trading, you should never keepyour coins on an Cryptocurrency Exchange for an longer period of time. To take off your Lynx (LYNX), hover over the ”Funds” tab and click on “Withdraw”. Lynx (LYNX) can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate Lynx (LYNX) by using the given drop-down box. Put into the quantity of Lynx (LYNX) you would like to take off. Don't forget the displayed minimus/fees. Also make sure you have entered your right withdraw address. When you're glad, make a mouse click on “Submit”. You may be requested for verfication via email/phone ahead of a take off.