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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 – Transfer Your ETH (Ethereum) or BTC (Bitcoin) to an Crypto Exchange

Your Bitcoin or Ethereum will need to be sent over to an Exchange now. Every exchange has a deposit form that is alike. Lobstex (LOBS) is accessible on Binance, so we will use that as an illustration. Unsure on how to send Coinbase funds to an Crypto Exchange? (Just follow these easy steps)

Make sure you have selected the precise coin you wish to deposit.

BTC must be sent to a BTC deposit address, ETH to an Ethereum deposit address, et cetera. If you are dealing with a decentralized exchange, like Airswap or DDEX could be unlike (Just follow our how-to).

Step 3 – Locate Lobstex (LOBS)

Once your deposit has been confirmed, you'll instantly have access to your funds and you can commence buying and trading. To purchase Lobstex (LOBS) on Binance, you will want to go to the tab which is called “Exchange” and after that mouse click on “Basic”.

To spot Lobstex (LOBS), you will need to insert the short name of the asset (LOBS) into the search box, which is marked in the image. Be certain of having selected the correct pairing, we have highlighted this also. Click on “LOBS/BTC” to advance.

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

Once you've located Lobstex (LOBS), you'll be presented with a Price Chart (in the Center of the image) and some Order Books (Leftside of the image). Next we are making our own Limit Order.

The field with the “Price” tag will be automatically filled with the most up-to-date price Lobstex (LOBS) was traded for. This can be changed to your favoured rate. The ”Amount” field is the quantity of LOBS you like to buy. The field with the “Total” tag is the whole price in BTC that you will pay for the whole quantity of LOBS.

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

Step 5 – Withdraw Lobstex (LOBS)

Unless you are regularly trading, never keep your crypto on an Cryptocurrency Exchange for an extended time frame. To withdraw your Lobstex (LOBS), hover over the ”Funds” tab and click on “Withdraw”. Lobstex (LOBS) can be stored safely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Find Lobstex (LOBS) by using the given drop-down box. Enter the quantity of Lobstex (LOBS) you'd wish to take off. Take into account the presented minimus/fees. Also make sure you have entered your right withdraw address.

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

Kudos! You've successfully purchased and safed Lobstex (LOBS).

That's it!

Take offs from Cryptocurrency Exchange can take anywhere from 1 – 30 minutes (depending on usage of the network). As soon as you have confirmed your withdrawal using Ethplorer.io or Etherscan.io and the Lobstex (LOBS) is safe in your wallet, you're all done.

Some other Guides on How to buy different Altcoins

How to Buy Amon
How to Buy DEAPCOIN
How to Buy Altcoins
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