A Step-by-Step-Guide on how to buy Lumos (LMS)
Step 1 – Signup to Coinbase and recieve 10$ for free You will first need to buy units of the bigger currencies. Exchanges normally accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for alternative Coins. Click the button below to register and receive your welcome 10 Dollar.
Step 2 – Transmit Your Ethereum (ETH) or Bitcoin (BTC) to an Cryptocurrency Exchange Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is identical. Lumos (LMS) is available on Binance, so we will use that as an sample. Unsure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Just follow this manual) 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, etc. If you're working with a decentralized exchange, such as Airswap or DDEX could be unlike (Just follow our guide).
Step 3 – Find (LMS) Lumos Once your deposit has been approved, you will instantly have access to your assets and you can start buying and trading. To buy (LMS) Lumos on Binance, you will want to go to the tab which is called “Exchange” and after that mouse click on “Basic”. In order to find (LMS) Lumos, you will need to insert the shortname of the coin (LMS) into the search box, which is highlighted in the picture. Be certain of having selected the proper grouping, we have highlighted this too. Click on “LMS/BTC” to progress.
Step 4 – Buying (LMS) Lumos After you have spotted (LMS) Lumos, you will be given a Chart with Prices (in the Center of the picture) and a few Order Books (on the Left of the picture). For now we are going to create our own Limit Order. The ”Price” field will be filled automatically with the recent tariff (LMS) Lumos was sold for. You can change this to your favoured price. The field with the “Amount” tag is the quantity of LMS you like to buy. The field with the “Total” tag is the total price in Bitcoin that you'll pay for the complete quantity of LMS. If you are satisfied, click on “Buy LMS”. Your order will be filled when a Vender trades their LMS for the price you submitted.
Step 5 – Withdraw (LMS) Lumos Unless you are regularly trading, never keep your coins on an Cryptocurrency Exchange for an longer period of time. In order to withdraw your (LMS) Lumos, hover over the tab called “Funds” and click on “Withdraw”. (LMS) Lumos can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find (LMS) Lumos by using the provided drop-down box. Put into the amount of (LMS) Lumos you would like to withdraw. Take into account the demonstrated minimus/fees. Also make sure you have entered your right withdraw address. If you are happy, click “Submit”. You could be requested for phone/email verification ahead of a take off.