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How to Buy LITEX (LXT)

A Step-by-Step-Guide on how to buy LITEX (LXT)

Step 1 – Signup to CEX.io

You will first need to purchase one of the major currencies. Exchanges normally accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for alternative Coins. Click the button below to register and receive your Ethereum (ETH) or Bitcoin (BTC).

Binance Signup
Step 2 – Send Your BTC (Bitcoin) or ETH (Ethereum) to an Cryptocurrency Exchange

Your Ethereum or Bitcoin has to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is identical. LITEX (LXT) is obtainable 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 guide)

Make sure you have chosen the right coin you would like to deposit.

Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, etc. If you are working with a decentralized exchange, such as Airswap or DDEX could be divergent (Follow our guide).

Step 3 – Locate LITEX (LXT)

Once your deposit has been verified, you'll now have access to your assets and you can initiate purchasing and trading. To purchase LITEX (LXT) on Binance, you'll want to hover over the tab which is called “Exchange” and then click on “Basic”.

In order to locate LITEX (LXT), you'll need to insert the short name of the asset (LXT) into the search box, which is highlighted in the graphic. Make sure you have choosen the correct pairing, we have highlighted this also. Click on “LXT/BTC” to progress.

{How to buy Coin on Binance 1|Binance How To Buy 1} LITEX (LXT)
Step 4 – Acquisition of LITEX (LXT)

Once you have discovered LITEX (LXT), you will be given a Price Chart (in the Center of the image) and a few Order Books (on the Left of the image). For now we're going to make our own Limit Order.

The ”Price” field will be filled automatically with the recent rate LITEX (LXT) was traded for. You can change this to your favoured rate. The ”Amount” field is the amount of LXT you wish to purchase. The field with the “Total” tag is the total price in Bitcoin that you'll pay for the whole amount of LXT.

If you're glad, make a mouse click on “Buy LXT”. Your order will be filled as soon as a Vendor trades their LXT for the price you offered.

Step 5 – Withdraw LITEX (LXT)

Unless you're frequently trading, you should never keepyour crypto on an Exchange for an extensive period of time. To take off your LITEX (LXT), go to the ”Funds” tab and mouse click on “Withdraw”. LITEX (LXT) can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find LITEX (LXT) by using the given drop-down box. Drop in the quantity of LITEX (LXT) you'd wish to take off. Don't forget the shown fees/minimums. Also make sure you have filled your precise withdraw address.

When you're satisfied, click “Submit”. You may be requested for email/phone verification ahead of a take off.

Congratulations! You've successfully purchased and stored LITEX (LXT).

That's it!

Withdrawals from Cryptocurrency Exchange can durate anywhere from 1 – 30 minutes (rely on network usage). Once you have confirmed your take off using Etherscan.io or Ethplorer.io and the LITEX (LXT) is stored in your wallet, you are all done.

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