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How to Buy Lithium (LIT)

A Step-by-Step-Guide on how to buy Lithium (LIT)

Step 1 – Signup to CEX.io

You will first need to buy units of the top-tier currencies. Exchanges commonly accept either Bitcoin or Ethereum in exchange for alternative Coins. Follow the Link below to register and receive your Bitcoin or Ethereum.

Binance Signup
Step 2 – Transmit Your Ethereum or Bitcoin to an Cryptocurrency Exchange

Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is similar. Lithium (LIT) is available on Binance, so we're going to use that as an sample. Not sure on how to send Coinbase funds to an Cryptocurrency Exchange? (Follow these easy steps)

Make sure you've selected the right coin you wish to deposit.

Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, et cetera. If you are dealing with a decentralized exchange, like Airswap or DDEX could be unlike (Follow these easy steps).

Step 3 – Locate Lithium (LIT)

Once your deposit has been confirmed, you will instantly have access to your funds and you can initiate purchasing and trading. To buy Lithium (LIT) on Binance, you will want to hover over the tab which is called “Exchange” and click on “Basic”.

To spot Lithium (LIT), you will need to insert the cointype (LIT) into the search-box, which is highlighted in the picture. Make sure you have choosen the right grouping, we have highlighted this too. Click on “LIT/BTC” to go ahead.

{How to buy Coin on Binance 1|Binance How To Buy 1} Lithium (LIT)
Step 4 – Purchase Lithium (LIT)

As soon as you've discovered Lithium (LIT), 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). And now we are making our own Limit Order.

The ”Price” field will be filled automatically with the most up-to-date rate Lithium (LIT) was traded for. This can be changed to your favoured rate. The field with the “Amount” tag is the volumen of LIT you wish to buy. The ”Total” field is the total price in Bitcoin that you'll pay for the complete volumen of LIT.

When you're satisfied, click on “Buy LIT”. Your order will be filled as soon as a Vendor sells their LIT for the price you offered.

Step 5 – Withdraw Lithium (LIT)

Unless you are frequently trading, never keep your crypto on an Crypto Exchange for an longer period of time. To withdraw your Lithium (LIT), go to the tab called “Funds” and mouse click on “Withdraw”. Lithium (LIT) can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find Lithium (LIT) by using the given drop-down box. Enter the quantity of Lithium (LIT) you'd like to withdraw. Don't forget the displayed minimus/fees. Also make sure you have filled your correct withdraw address.

When you are glad, click on “Submit”. You could be asked for email/phone verification ahead of a take off.

Kudos! You've successfully purchased and stored Lithium (LIT).

That's it!

Take offs from Crypto Trader can durate anywhere from 1 – 30 minutes (depending on usage of the network). Once you have confirmed your withdrawal with Etherscan.io or Ethplorer.io and the Lithium (LIT) is safe within your wallet, you are done.

Some other Guides on How to buy different Altcoins

How to Buy BIZZCOIN
How to Buy Nokencoin
How to Buy Altcoins