A Step-by-Step-Guide on how to buy Lisk (LSK)
Step 1 – Signup to CEX.io You will first need to purchase units of the top-tier currencies. Exchanges usually accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for Altcoins. Click below for registration and to get your Bitcoin (BTC) or Ethereum (ETH).
Step 2 – Transfer Your BTC (Bitcoin) or ETH (Ethereum) to an Crypto Trader Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Crypto Trader now. Every exchange has a deposit form that is identical. Lisk (LSK) is available on Binance, so we're going to use that as an example. Unsure on how to send Coinbase funds to an Crypto Trader? (Just follow this how-to) Make sure you have chosen the precise coin you wish to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, and so forth. If you are dealing with a decentralized exchange, such as Airswap or DDEX could be different (Just follow our how-to).
Step 3 – Find (LSK) Lisk Once your deposit has been approved, you'll now have access to your assets and you can commence buying and trading. To buy (LSK) Lisk on Binance, you'll want to go to the ”Exchange” tab and then click on “Basic”. In order to locate (LSK) Lisk, you'll need to insert the shortname of the coin (LSK) into the search-box, which is marked in the picture. Make sure you have selected the correct grouping, we have marked this also. Click on “LSK/BTC” to go ahead.
Step 4 – Buying (LSK) Lisk After you've located (LSK) Lisk, you will be presented with a Chart with Prices (in the Center of the picture) and some Order Books (Leftside of the picture). For now we are making our own Limit Order. The field with the “Price” tag will be filled with the most up-to-date valuation (LSK) Lisk was sold for. You can change this to your desired rate. The field with the “Amount” tag is the volumen of LSK you wish to purchase. The ”Total” field is the total price in Bitcoin that you'll pay for the complete volumen of LSK. When you are glad, click on “Buy LSK”. Your order will be filled as soon as a Vendor trades their LSK for the price you submitted.
Step 5 – Withdraw (LSK) Lisk Unless you are frequently trading, best advise is not to keep crypto on an Cryptocurrency Exchange for an extended time period. In order to take off your (LSK) Lisk, go to the tab called “Funds” and mouse click on “Withdraw”. (LSK) Lisk can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find (LSK) Lisk by using the given drop-down box. Put into the amount of (LSK) Lisk you'd wish to take off. Don't forget the demonstrated minimus/fees. Also make sure you have filled your correct withdraw address. If you are glad, click “Submit”. You could be requested for phone/email verification ahead of a withdrawal.