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 Bitcoin or Ethereum to an Exchange Your Ethereum or Bitcoin has to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is identical. Lunch Money (LMY) is accessible on Binance, so we're going to use that as an sample. Not sure on how to send funds from Coinbase to an Crypto Exchange? (Follow this how-to) Make sure you've selected the correct coin you would like to deposit. Bitcoin must be sent to a BTC deposit address, ETH to an ETH deposit address, and so forth. In the case you're dealing with a decentralized exchange, like Airswap or DDEX could be unlike (Follow our how-to).
Step 3 – Find Lunch Money (LMY) Once your deposit has been confirmed, you'll directly have access to your funds and you can launch purchasing and trading. To buy Lunch Money (LMY) on Binance, you will want to go to the tab which is called “Exchange” and after that mouse click on “Basic”. In order to discover Lunch Money (LMY), you will need to put the shortname of the coin (LMY) into the search-box, which is highlighted in the image. Be certain of having selected the proper grouping, we have marked this also. Click on “LMY/BTC” to continue.
Step 4 – Acquisition of Lunch Money (LMY) After you have found Lunch Money (LMY), you'll be given a Price Chart (in the Center of the image) and a few Order Books (on the Left of the picture). For now we're going to create our own Limit Order. The field with the “Price” tag will be automatically filled with the most up-to-date price Lunch Money (LMY) was traded for. You can change this to your desired price. The field with the “Amount” tag is the volumen of LMY you like to buy. The field with the “Total” tag is the aggregated price in Bitcoin that you will pay for the whole quantity of LMY. If you are glad, make a mouse click on “Buy LMY”. Your order will be filled when a Seller trades their LMY for the price you submitted.
Step 5 – Withdraw Lunch Money (LMY) Unless you are regularly trading, best advise is not to keep your crypto on an Crypto Exchange for an extended time frame. In order to take off your Lunch Money (LMY), go to the tab called “Funds” and mouse click on “Withdraw”. Lunch Money (LMY) can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate Lunch Money (LMY) by using the given drop-down box. Drop in the quantity of Lunch Money (LMY) you'd like to take off. Take into account the shown minimus/fees. Also make sure you have entered your right withdraw address. When you're glad, click on “Submit”. You may be asked for phone/email verification ahead of a withdrawal.