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 – Transfer Your Ethereum or Bitcoin to an Crypto Exchange Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is similar. Lisk (LSK) is available on Binance, so we're going to use that as an example. Unsure on how to send funds from Coinbase to an Crypto Trader? (Follow this manual) Make sure you've selected the correct coin you want to deposit. Bitcoin must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, and so on. In the case you're dealing with a decentralized exchange, like Airswap or DDEX could be different (Follow our guide).
Step 3 – Find Lisk (LSK) Once your deposit has been approved, you will now have access to your assets and you can launch purchasing and trading. To purchase Lisk (LSK) on Binance, you will want to hover over the tab which is called “Exchange” and after that click on “Basic”. In order to find Lisk (LSK), you will need to put the cointype (LSK) into the search box, which is highlighted in the graphic. Be certain of having selected the correct grouping, we've highlighted this also. Click on “LSK/BTC” to go on.
Step 4 – Purchase 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 picture). Next we are going to create our own Limit Order. The ”Price” field will be filled with the most recent price Lisk (LSK) was sold for. This can be changed to your favoured rate. The field with the “Amount” tag is the volumen of LSK you wish to buy. The field with the “Total” tag is the whole price in Bitcoin that you will settle for the whole amount of LSK. If you are happy, make a mouse 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 are frequently trading, best advise is not to keep crypto coins on an Crypto Trader for an extended time frame. In order to take off your Lisk (LSK), go to the ”Funds” tab and mouse click on “Withdraw”. Lisk (LSK) can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate Lisk (LSK) by using the given drop-down box. Drop in the amount of Lisk (LSK) you'd wish to take off. Take into account the shown fees/minimums. Also make sure you have filled your right withdraw address. If you're happy, click “Submit”. You could be requested for email/phone verification before a withdrawal.