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How to Buy Lobstex (LOBS)

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

Step 1 – Signup to CEX.io

In the beginning you'll need to purchase units of the bigger coins. Exchanges commonly accept either Ethereum or Bitcoin in exchange for Altcoins. Click below to register and getting your Ethereum or Bitcoin.

Binance Signup
Step 2 – Send Your ETH (Ethereum) or BTC (Bitcoin) 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. Lobstex (LOBS) is obtainable on Binance, so we're going to use that as an sample. Not sure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Just follow this guide)

Make sure you have chosen the exact coin you wish to deposit.

BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, and so forth. In the case you're working with a decentralized exchange, such as Airswap or DDEX could be divergent (Just follow our guide).

Step 3 – Locate Lobstex (LOBS)

As soon as your deposit has been verified, you will directly have access to your funds and you can start buying and trading. To invest in Lobstex (LOBS) on Binance, you will want to hover over the ”Exchange” tab and mouse click on “Basic”.

In order to discover Lobstex (LOBS), you will need to put the cointype (LOBS) into the search box, which is highlighted in the picture. Make sure you have choosen the right grouping, we have highlighted this also. Click on “LOBS/BTC” to proceed.

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

After you've found Lobstex (LOBS), you will be given a Price Chart (in the Center of the image) and some Order Books (on the Left of the image). For now we're making our own Limit Order.

The ”Price” field will be filled with the most latest tariff Lobstex (LOBS) was traded for. This can be changed to your favoured price. The ”Amount” field is the volumen of LOBS you like to purchase. The field with the “Total” tag is the total price in BTC that you'll pay for the complete volumen of LOBS.

When you're satisfied, make a mouse click on “Buy LOBS”. Your plan will be filled when a Seller sells their LOBS for the price you submitted.

Step 5 – Withdraw Lobstex (LOBS)

Unless you're regularly trading, best advise is not to keep coins on an Crypto Exchange for an extended time period. In order to take off your Lobstex (LOBS), hover over the tab called “Funds” and click on “Withdraw”. Lobstex (LOBS) can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find Lobstex (LOBS) by using the provided drop-down box. Drop in the quantity of Lobstex (LOBS) you'd like to take off. Don't forget the presented minimus/fees. Also make sure you have filled your precise withdraw address.

If you're satisfied, click on “Submit”. You may be asked for phone/email verification ahead of a withdrawal.

Congratulations! You have successfully purchased and stored Lobstex (LOBS).

That's it!

Withdrawals from Crypto Trader can take between 1 – 30 minutes (depending on usage of the network). As soon as you have confirmed your take off with Ethplorer.io or Etherscan.io and the Lobstex (LOBS) is safe in your wallet, you are finished.

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