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 top-tier currencies. Exchanges normally accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for any other Cryptocurrency. Follow the Link below to register and to get your Bitcoin (BTC) or Ethereum (ETH).
Step 2 – Send Your Ethereum (ETH) or Bitcoin (BTC) to an Exchange Your Ethereum or Bitcoin 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 sample. Unsure on how to send Coinbase funds to an Exchange? (Just follow these easy steps) Make sure you have selected the right coin you would like to deposit. BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, and so on. In the case you're using a decentralized exchange, such as Airswap or DDEX could be unlike (Just follow these easy steps).
Step 3 – Locate LiteBitcoin (LBTC) Once your deposit has been affirmed, you will immediately have access to your finances and you can start invest and trading. To purchase LiteBitcoin (LBTC) on Binance, you will want to go to the ”Exchange” tab and after that click on “Basic”. In order to find LiteBitcoin (LBTC), you will need to insert the shortname of the coin (LBTC) 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 “LBTC/BTC” to go on.
Step 4 – Buying LiteBitcoin (LBTC) As soon as you have discovered LiteBitcoin (LBTC), you'll be presented with a Price Chart (in the Center of the image) and a few Order Books (on the Left of the image). For now we are making our Limit Order. The field with the “Price” tag will be filled with the recent rate LiteBitcoin (LBTC) was traded for. You can change this to your preferred rate. The field with the “Amount” tag is the quantity of LBTC you wish to buy. The field with the “Total” tag is the whole price in Bitcoin that you'll pay for the whole quantity of LBTC. If you are glad, click on “Buy LBTC”. Your order will be filled as soon as a Vender trades their LBTC for the price you gave.
Step 5 – Withdraw LiteBitcoin (LBTC) Unless you are frequently trading, best advise is not to keep crypto on an Cryptocurrency Exchange for an extensive time period. To take off your LiteBitcoin (LBTC), go to the ”Funds” tab and mouse click on “Withdraw”. LiteBitcoin (LBTC) can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate LiteBitcoin (LBTC) by using the provided drop-down box. Put into the quantity of LiteBitcoin (LBTC) you would like to take off. Don't forget the shown fees/minimums. Also make sure you have filled your precise withdraw address. If you are happy, click “Submit”. You may be requested for verfication via email/phone ahead of a withdrawal.