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How to Buy Lobstex (LOBS)

A Step-by-Step-Guide on how to buy Lobstex (LOBS)

Step 1 – Join CEX.io

In the beginning you'll need to buy one of the major currencies. Exchanges normally accept either Bitcoin or Ethereum in exchange for alternative Coins. Click the button below to register and to get your Bitcoin or Ethereum.

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

Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Exchange now. Every exchange has a deposit form that is identical. Lobstex (LOBS) is available on Binance, so we're going to use that as an example. Unsure on how to send Coinbase funds to an Exchange? (Just follow this guide)

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

Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, et cetera. In the case you are working with a decentralized exchange, like Airswap or DDEX could be different (Just follow our how-to).

Step 3 – Find Lobstex (LOBS)

Once your deposit has been approved, you will now have access to your funds and you can begin invest and trading. To purchase Lobstex (LOBS) on Binance, you will want to go to the tab which is called “Exchange” and then click on “Basic”.

In order to spot Lobstex (LOBS), you will need to insert the short name of the asset (LOBS) into the search box, which is highlighted in the picture. Be certain of having selected the right pairing, we've highlighted this too. Click on “LOBS/BTC” to progress.

{How to buy Coin on Binance 1|Binance How To Buy 1} Lobstex (LOBS)
Step 4 – Purchasing (LOBS) Lobstex

After you've located (LOBS) Lobstex, you will be presented with a Price Chart (in the Center of the picture) and some Order Books (on the Left of the picture). Next we're making our own Limit Order.

The ”Price” field will be filled with the most up-to-date rate (LOBS) Lobstex was sold for. This can be changed to your favoured price. The field with the “Amount” tag is the amount of LOBS you wish to buy. The ”Total” field is the total price in Bitcoin that you'll settle for the whole amount of LOBS.

If you are happy, click on “Buy LOBS”. Your order will be filled as soon as a Seller sells their LOBS for the price you submitted.

Step 5 – Withdraw Lobstex (LOBS)

Unless you're regularly trading, you should never keepyour crypto coins on an Cryptocurrency Exchange for an extended period of time. To withdraw your Lobstex (LOBS), go to the ”Funds” tab and click on “Withdraw”. Lobstex (LOBS) can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Find Lobstex (LOBS) by using the given drop-down box. Drop in the quantity of Lobstex (LOBS) you'd wish to withdraw. Take into account the demonstrated minimus/fees. Also make sure you have filled your right withdraw address.

When you're happy, click “Submit”. You could be requested for verfication via phone/email before a take off.

Congrats! You have successfully bought and safed (LOBS) Lobstex.

That's it!

Withdrawals from Exchange can take between 1 – 30 minutes (rely on network usage). As soon as you have confirmed your withdrawal with Etherscan.io or Ethplorer.io and the (LOBS) Lobstex is stored inside your wallet, you are done.

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