A Step-by-Step-Guide on how to buy Lunch Money (LMY)
Step 1 – Join CEX.io In the beginning you'll need to buy one of the major coins. Exchanges usually accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for any other Cryptocurrency. Follow the Link below for registration and getting your ETH (Ethereum) or BTC (Bitcoin).
Step 2 – Send Your Funds to an Exchange Your Bitcoin or Ethereum has to be sent over to an Exchange now. All exchanges have a deposit form that is alike. Lunch Money (LMY) is obtainable on Binance, so we're going to use that as an example. Unsure on how to send funds from Coinbase to an Exchange? (Just follow this how-to) Make sure you've selected the right coin you would like to deposit. BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, etcetera. If you're dealing with a decentralized exchange, like Airswap or DDEX could be divergent (Just follow our how-to).
Step 3 – Find Lunch Money (LMY) As soon as your deposit has been verified, you will now have access to your assets and you can start purchasing and trading. To buy Lunch Money (LMY) on Binance, you will want to go to the tab which is called “Exchange” and then mouse click on “Basic”. To discover Lunch Money (LMY), you will need to put the short name of the asset (LMY) into the search box, which is marked in the graphic. Make sure you have selected the correct pairing, we've marked this also. Click on “LMY/BTC” to continue.
Step 4 – Buy (LMY) Lunch Money As soon as you've located (LMY) Lunch Money, you'll be presented with a Chart with Prices (in the Center of the picture) and a few Order Books (Leftside of the picture). And now we are going to create our own Limit Order. The field with the “Price” tag will be filled automatically with the most recent valuation (LMY) Lunch Money was sold for. This can be changed to your desired rate. The field with the “Amount” tag is the amount of LMY you like to purchase. The ”Total” field is the total price in BTC that you'll pay for the complete amount of LMY. When you are satisfied, make a mouse click on “Buy LMY”. Your plan will be filled when a Seller sells their LMY for the price you introduced.
Step 5 – Withdraw Lunch Money (LMY) Unless you're trading, best advise is not to keep crypto on an Exchange for an extended period of time. To withdraw your Lunch Money (LMY), hover over the ”Funds” tab and click on “Withdraw”. Lunch Money (LMY) can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find Lunch Money (LMY) by using the given drop-down box. Enter the quantity of Lunch Money (LMY) you would wish to withdraw. Don't forget the presented fees/minimums. Also make sure you have entered your correct withdraw address. When you're happy, click on “Submit”. You could be asked for verfication via email/phone ahead of a withdrawal.