A Step-by-Step-Guide on how to buy LBRY Credits (LBC)
Step 1 – Signup to CEX.io You will first need to purchase units of the top-tier coins. Exchanges usually accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for alternative Coins. Click the button below to register and to get your Ethereum (ETH) or Bitcoin (BTC).
Step 2 – Transmit Your Ethereum or Bitcoin to an Crypto Trader Your Bitcoin or Ethereum will need to be sent over to an Crypto Trader now. Every exchange has a deposit form that is alike. LBRY Credits (LBC) is available on Binance, so we're going to use that as an example. Not sure on how to send Coinbase funds to an Crypto Trader? (Follow this how-to) Make sure you have chosen the right coin you would like to deposit. BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, and so on. If you are dealing with a decentralized exchange, like Airswap or DDEX could be opposed (Follow our manual).
Step 3 – Find LBRY Credits (LBC) As soon as your deposit has been confirmed, you'll instantly have access to your assets and you can launch invest and trading. To buy LBRY Credits (LBC) on Binance, you'll want to hover over the ”Exchange” tab and then mouse click on “Basic”. In order to spot LBRY Credits (LBC), you'll need to put the cointype (LBC) into the search-box, which is highlighted in the image. Be certain of having selected the proper pairing, we've highlighted this also. Click on “LBC/BTC” to continue.
Step 4 – Buying LBRY Credits (LBC) As soon as you've spotted LBRY Credits (LBC), you'll be given a Chart with Prices (in the Center of the picture) and a few Order Books (on the Left of the picture). Next we're creating our own Limit Order. The field with the “Price” tag will be automatically filled with the most latest rate LBRY Credits (LBC) was sold for. This can be changed to your preferred price. The field with the “Amount” tag is the amount of LBC you wish to buy. The ”Total” field is the total price in Bitcoin that you'll settle for the whole amount of LBC. If you're happy, click on “Buy LBC”. Your plan will be filled as soon as a Vendor sells their LBC for the price you offered.
Step 5 – Withdraw LBRY Credits (LBC) Unless you're trading, best advise is not to keep coins on an Crypto Exchange for an extensive time frame. In order to withdraw your LBRY Credits (LBC), hover over the tab called “Funds” and mouse click on “Withdraw”. LBRY Credits (LBC) can be securely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate LBRY Credits (LBC) by using the given drop-down box. Drop in the amount of LBRY Credits (LBC) you would like to withdraw. Don't forget the displayed minimus/fees. Also make sure you have filled your correct withdraw address. If you're happy, make a mouse click on “Submit”. You could be requested for verfication via phone/email ahead of a withdrawal.