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 or Bitcoin to an Exchange Your Bitcoin or Ethereum has to be sent over to an Crypto Trader now. Every exchange has a deposit form that is identical. LiteBitcoin (LBTC) is obtainable on Binance, so we will use that as an sample. Not sure on how to send funds from Coinbase to an Crypto Exchange? (Follow these easy steps) Make sure you've chosen the correct coin you wish to deposit. BTC must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etcetera. In the case you are working with a decentralized exchange, such as Airswap or DDEX could be divergent (Follow these easy steps).
Step 3 – Locate LiteBitcoin (LBTC) As soon as your deposit has been confirmed, you'll instantly have access to your funds and you can initiate purchasing and trading. To purchase LiteBitcoin (LBTC) on Binance, you will want to go to the ”Exchange” tab and after that mouse click on “Basic”. To locate LiteBitcoin (LBTC), you'll need to put the short name of the asset (LBTC) into the search-box, which is marked in the image. Be certain of having selected the right pairing, we've highlighted this also. Click on “LBTC/BTC” to progress.
Step 4 – Acquisition of LiteBitcoin (LBTC) After you've discovered LiteBitcoin (LBTC), you will be presented with a Chart with Prices (in the Center of the image) and a few Order Books (Leftside of the picture). And now we are going to make our own Limit Order. The field with the “Price” tag will be filled with the most latest rate LiteBitcoin (LBTC) was sold for. You can change this to your favoured price. The field with the “Amount” tag is the quantity of LBTC you want to purchase. The field with the “Total” tag is the aggregated price in BTC that you will settle for the complete volumen of LBTC. When you are satisfied, make a mouse click on “Buy LBTC”. Your plan will be filled as soon as a Vender sells their LBTC for the price you introduced.
Step 5 – Withdraw LiteBitcoin (LBTC) Unless you are regularly trading, best advise is not to keep coins on an Crypto Exchange for an extended time frame. To withdraw your LiteBitcoin (LBTC), hover over the ”Funds” tab and click on “Withdraw”. LiteBitcoin (LBTC) can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find LiteBitcoin (LBTC) by using the given drop-down box. Put into the amount of LiteBitcoin (LBTC) you'd wish to withdraw. Take into account the presented minimus/fees. Also make sure you have filled your correct withdraw address. If you are satisfied, make a mouse click on “Submit”. You could be asked for email/phone verification ahead of a withdrawal.