A Step-by-Step-Guide on how to buy Lunch Money (LMY)
Step 1 – Join CEX.io In the beginning you'll need to purchase one of the top-tier coins. Exchanges usually accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for any other Cryptocurrency. Click below to register and getting your BTC (Bitcoin) or ETH (Ethereum).
Step 2 – Transmit Your Funds to an Exchange Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Exchange now. Every exchange has a deposit form that is identical. Lunch Money (LMY) is available on Binance, so we're going to use that as an example. Not sure on how to send funds from Coinbase to an Exchange? (Just follow this how-to) Make sure you have chosen the right coin you wish to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, etcetera. If you are using a decentralized exchange, like Airswap or DDEX could be unlike (Just follow our guide).
Step 3 – Locate Lunch Money (LMY) Once your deposit has been confirmed, you will directly have access to your finances and you can begin purchasing and trading. To invest in Lunch Money (LMY) on Binance, you will want to go to the tab which is called “Exchange” and click on “Basic”. In order to find Lunch Money (LMY), you will need to insert the cointype (LMY) into the search-box, which is highlighted in the image. Make sure you have selected the proper pairing, we have highlighted this also. Click on “LMY/BTC” to advance.
Step 4 – Buy Lunch Money (LMY) After you've located Lunch Money (LMY), you'll be presented with a Chart with Prices (in the Center of the picture) and some Order Books (Leftside of the picture). And now we're making our own Limit Order. The field with the “Price” tag will be filled with the most latest valuation Lunch Money (LMY) was sold for. You can change this to your desired price. The ”Amount” field is the quantity of LMY you wish to buy. The field with the “Total” tag is the whole price in Bitcoin that you'll pay for the complete quantity of LMY. When you're happy, make a mouse click on “Buy LMY”. Your plan will be filled as soon as a Vendor sells their LMY for the price you offered.
Step 5 – Withdraw Lunch Money (LMY) Unless you're trading, never keep your crypto on an Cryptocurrency Exchange for an extended time period. To withdraw your Lunch Money (LMY), go to the ”Funds” tab and mouse click on “Withdraw”. Lunch Money (LMY) can be stored safely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate Lunch Money (LMY) by using the given drop-down box. Enter the amount of Lunch Money (LMY) you would wish to withdraw. Don't forget the presented fees/minimums. Also make sure you have filled your right withdraw address. If you're glad, make a mouse click on “Submit”. You may be asked for verfication via email/phone ahead of a withdrawal.