A Step-by-Step-Guide on how to buy LiteBitcoin (LBTC)
Step 1 – Signup to Coinbase and get 10$ for free You will first need to purchase units of the major coins. Exchanges normally accept either Ethereum or Bitcoin in exchange for alternative Coins. Follow the Link below to register and to get your first 10 Dollar.
Step 2 – Send Your Ethereum (ETH) or Bitcoin (BTC) to an Exchange Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Exchange now. All exchanges have a deposit form that is identical. LiteBitcoin (LBTC) is obtainable on Binance, so we will use that as an illustration. Not sure on how to send Coinbase funds to an Exchange? (Follow this guide) Make sure you have selected the right coin you wish to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, etcetera. In the case you are working with a decentralized exchange, like Airswap or DDEX could be opposed (Follow these easy steps).
Step 3 – Find (LBTC) LiteBitcoin As soon as your deposit has been verified, you will directly have access to your assets and you can initiate invest and trading. To buy (LBTC) LiteBitcoin on Binance, you will want to hover over the ”Exchange” tab and then mouse click on “Basic”. To find (LBTC) LiteBitcoin, you will need to put the shortname of the coin (LBTC) into the search box, which is highlighted in the graphic. Be certain of having selected the right pairing, we have highlighted this also. Click on “LBTC/BTC” to progress.
Step 4 – Buy LiteBitcoin (LBTC) As soon as you have discovered LiteBitcoin (LBTC), 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're going to make our own Limit Order. The ”Price” field will be filled automatically with the up-to-date rate LiteBitcoin (LBTC) was sold for. This can be changed to your favoured rate. The field with the “Amount” tag is the volumen of LBTC you want to buy. The field with the “Total” tag is the aggregated price in BTC that you'll settle for the complete volumen of LBTC. When you're glad, click on “Buy LBTC”. Your plan will be filled when a Vendor sells their LBTC for the price you offered.
Step 5 – Withdraw LiteBitcoin (LBTC) Unless you're trading, best advise is not to keep your crypto on an Cryptocurrency Exchange for an longer time frame. In order to take off your LiteBitcoin (LBTC), go to the ”Funds” tab and click on “Withdraw”. LiteBitcoin (LBTC) can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate LiteBitcoin (LBTC) by using the provided drop-down box. Enter the volumen of LiteBitcoin (LBTC) you would wish to take off. Take into account the shown minimus/fees. Also make sure you have filled your correct withdraw address. When you're satisfied, click on “Submit”. You could be asked for phone/email verification ahead of a take off.