A Step-by-Step-Guide on how to buy Lytix (LYTX)
Step 1 – Signup to Kraken In the beginning you'll need to buy units of the top-tier currencies. Exchanges usually accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for alternative Coins. Click the button below to register and to get Bitcoin or Ethereum.
Step 2 – Transmit Your Bitcoin or Ethereum to an Crypto Exchange Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is identical. Lytix (LYTX) is obtainable on Binance, so we will use that as an sample. Unsure on how to send Coinbase funds to an Crypto Exchange? (Just follow this guide) Make sure you have selected the precise coin you wish to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, and so forth. If you're dealing with a decentralized exchange, such as Airswap or DDEX could be divergent (Just follow these easy steps).
Step 3 – Locate Lytix (LYTX) As soon as your deposit has been affirmed, you will directly have access to your finances and you can initiate buying and trading. To purchase Lytix (LYTX) on Binance, you will want to go to the ”Exchange” tab and then click on “Basic”. In order to find Lytix (LYTX), you will need to insert the short name of the asset (LYTX) into the search box, which is highlighted in the image. Be certain of having choosen the right pairing, we have highlighted this also. Click on “LYTX/BTC” to go on.
Step 4 – Acquisition of Lytix (LYTX) After you have discovered Lytix (LYTX), you will be given a Chart with Prices (in the Center of the image) and some Order Books (on the Left of the image). For now we're going to create our own Limit Order. The ”Price” field will be automatically filled with the most up-to-date tariff Lytix (LYTX) was traded for. You can change this to your desired price. The ”Amount” field is the volumen of LYTX you want to buy. The ”Total” field is the whole price in BTC that you will pay for the whole volumen of LYTX. When you are satisfied, click on “Buy LYTX”. Your order will be filled when a Vender trades their LYTX for the price you offered.
Step 5 – Withdraw Lytix (LYTX) Unless you're frequently trading, best advise is not to keep crypto coins on an Cryptocurrency Exchange for an extensive time period. In order to withdraw your Lytix (LYTX), hover over the tab called “Funds” and click on “Withdraw”. Lytix (LYTX) can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find Lytix (LYTX) by using the provided drop-down box. Put into the volumen of Lytix (LYTX) you'd wish to withdraw. Take into account the displayed minimus/fees. Also make sure you have entered your correct withdraw address. If you're glad, click “Submit”. You may be requested for email/phone verification ahead of a take off.