A Step-by-Step-Guide on how to buy LBRY Credits (LBC)
Step 1 – Signup to Coinbase and get 10$ for free In the beginning you'll need to purchase units of the major currencies. Exchanges usually accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for any other Cryptocurrency. Click below to register and to get your welcome 10 Dollar.
Step 2 – Transfer Your Funds to an Crypto Exchange Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is identical. LBRY Credits (LBC) is obtainable on Binance, so we will use that as an example. Not sure on how to send Coinbase funds to an Crypto Exchange? (Just follow these easy steps) Make sure you've selected the correct coin you would like to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, et cetera. In the case you're using a decentralized exchange, like Airswap or DDEX could be unlike (Just follow our manual).
Step 3 – Find LBRY Credits (LBC) As soon as your deposit has been verified, you will directly have access to your assets and you can initiate buying and trading. To purchase LBRY Credits (LBC) on Binance, you will want to go to the tab which is called “Exchange” and then click on “Basic”. To discover LBRY Credits (LBC), you will need to insert the cointype (LBC) into the search-box, which is marked in the image. Make sure you have selected the correct pairing, we have marked this too. Click on “LBC/BTC” to progress.
Step 4 – Acquisition of (LBC) LBRY Credits Once you've spotted (LBC) LBRY Credits, you'll be given a Chart with Prices (in the Center of the picture) and some Order Books (Leftside of the picture). And now we are making our own Limit Order. The ”Price” field will be automatically filled with the most recent tariff (LBC) LBRY Credits was traded for. You can change this to your preferred rate. The field with the “Amount” tag is the amount of LBC you wish to purchase. The field with the “Total” tag is the total price in BTC that you'll settle for the complete amount of LBC. When you're glad, click on “Buy LBC”. Your plan will be filled when a Vender sells their LBC for the price you introduced.
Step 5 – Withdraw (LBC) LBRY Credits Unless you're trading, you should never keepyour coins on an Cryptocurrency Exchange for an extensive time period. In order to withdraw your (LBC) LBRY Credits, hover over the ”Funds” tab and mouse click on “Withdraw”. (LBC) LBRY Credits can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find (LBC) LBRY Credits by using the given drop-down box. Enter the amount of (LBC) LBRY Credits you'd like to withdraw. Don't forget the displayed fees/minimums. Also make sure you have filled your right withdraw address. If you're glad, click on “Submit”. You may be requested for verfication via phone/email before a withdrawal.