A Step-by-Step-Guide on how to buy Lisk (LSK)
Step 1 – Signup to CEX.io In the beginning you'll need to purchase units of the major coins. Exchanges commonly accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for Altcoins. Click the button below for registration and receive your Ethereum (ETH) or Bitcoin (BTC).
Step 2 – Send Your ETH (Ethereum) or BTC (Bitcoin) to an Exchange Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Crypto Trader now. All exchanges have a deposit form that is alike. Lisk (LSK) is accessible on Binance, so we're going to use that as an sample. Unsure on how to send funds from Coinbase to an Crypto Exchange? (Follow this how-to) Make sure you have selected the correct coin you wish to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, and so on. In the case you're working with a decentralized exchange, such as Airswap or DDEX could be different (Follow our how-to).
Step 3 – Locate Lisk (LSK) Once your deposit has been affirmed, you'll now have access to your assets and you can start invest and trading. To buy Lisk (LSK) on Binance, you'll want to hover over the tab which is called “Exchange” and after that mouse click on “Basic”. In order to locate Lisk (LSK), you'll need to insert the cointype (LSK) into the search-box, which is highlighted in the graphic. Be certain of having choosen the correct pairing, we've marked this also. Click on “LSK/BTC” to progress.
Step 4 – Buy Lisk (LSK) As soon as you've discovered Lisk (LSK), you'll be given a Price Chart (in the Center of the image) and a few Order Books (Leftside of the image). For now we are going to create our own Limit Order. The ”Price” field will be filled automatically with the most recent tariff Lisk (LSK) was sold for. You can change this to your preferred rate. The ”Amount” field is the quantity of LSK you wish to purchase. The field with the “Total” tag is the total price in Bitcoin that you will pay for the whole amount of LSK. If you're glad, click on “Buy LSK”. Your plan will be filled as soon as a Seller sells their LSK for the price you introduced.
Step 5 – Withdraw Lisk (LSK) Unless you're regularly trading, best advise is not to keep your crypto on an Crypto Exchange for an longer time frame. To withdraw your Lisk (LSK), hover over the tab called “Funds” and click on “Withdraw”. Lisk (LSK) can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate Lisk (LSK) by using the provided drop-down box. Drop in the quantity of Lisk (LSK) you'd like to withdraw. Take into account the shown minimus/fees. Also make sure you have entered your correct withdraw address. If you're satisfied, make a mouse click on “Submit”. You could be asked for verfication via email/phone before a take off.