A Step-by-Step-Guide on how to buy LiteBitcoin (LBTC)
Step 1 – Join CEX.io In the beginning you'll need to buy units of the bigger currencies. Exchanges commonly accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for alternative Coins. Click the button below to register and to get your Bitcoin (BTC) or Ethereum (ETH).
Step 2 – Send Your Ethereum or Bitcoin to an Cryptocurrency Exchange Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is alike. LiteBitcoin (LBTC) is available on Binance, so we're going to use that as an illustration. Not sure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Follow this manual) Make sure you've chosen the precise coin you want to deposit. BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, etcetera. If you're working with a decentralized exchange, such as Airswap or DDEX could be different (Follow our how-to).
Step 3 – Find (LBTC) LiteBitcoin As soon as your deposit has been verified, you will immediately have access to your finances and you can initiate purchasing and trading. To buy (LBTC) LiteBitcoin on Binance, you will want to hover over the ”Exchange” tab and mouse click on “Basic”. To find (LBTC) LiteBitcoin, you will need to insert the cointype (LBTC) into the search-box, which is highlighted in the picture. Be certain of having choosen the right pairing, we've highlighted this also. Click on “LBTC/BTC” to continue.
Step 4 – Buying (LBTC) LiteBitcoin After you've discovered (LBTC) LiteBitcoin, you'll be presented with a Chart with Prices (in the Center of the picture) and a few Order Books (on the Left of the picture). Next we're going to make our own Limit Order. The ”Price” field will be filled with the latest tariff (LBTC) LiteBitcoin was sold for. You can change this to your favoured rate. The field with the “Amount” tag is the amount of LBTC you like to purchase. The ”Total” field is the total price in Bitcoin that you'll pay for the complete amount of LBTC. When you are happy, click on “Buy LBTC”. Your order will be filled as soon as a Vender trades their LBTC for the price you introduced.
Step 5 – Withdraw (LBTC) LiteBitcoin Unless you are frequently trading, you should never keepyour coins on an Crypto Exchange for an extensive time frame. To take off your (LBTC) LiteBitcoin, hover over the ”Funds” tab and mouse click on “Withdraw”. (LBTC) LiteBitcoin can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find (LBTC) LiteBitcoin by using the provided drop-down box. Drop in the volumen of (LBTC) LiteBitcoin you'd wish to take off. Don't forget the presented minimus/fees. Also make sure you have filled your precise withdraw address. When you are glad, click on “Submit”. You may be requested for verfication via email/phone before a withdrawal.