A Step-by-Step-Guide on how to buy LUXCoin (LUX)
Step 1 – Signup to CEX.io In the beginning you'll need to buy one of the major currencies. Exchanges normally accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for alternative Coins. Click below to register and getting your Ethereum (ETH) or Bitcoin (BTC).
Step 2 – Send Your ETH (Ethereum) or BTC (Bitcoin) to an Crypto Exchange Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is identical. LUXCoin (LUX) is obtainable on Binance, so we're going to use that as an illustration. Not sure on how to send funds from Coinbase to an Crypto Exchange? (Follow this manual) Make sure you have selected the correct coin you wish to deposit. Bitcoin must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, etc. In the case you are dealing with a decentralized exchange, such as Airswap or DDEX could be divergent (Just follow these easy steps).
Step 3 – Find LUXCoin (LUX) Once your deposit has been affirmed, you will directly have access to your funds and you can initiate purchasing and trading. To invest in LUXCoin (LUX) on Binance, you'll want to hover over the ”Exchange” tab and then mouse click on “Basic”. To locate LUXCoin (LUX), you'll need to put the shortname of the coin (LUX) into the search-box, which is highlighted in the graphic. Make sure you have choosen the proper grouping, we've highlighted this also. Click on “LUX/BTC” to go ahead.
Step 4 – Purchasing LUXCoin (LUX) After you have discovered LUXCoin (LUX), you will be given a Price Chart (in the Center of the image) and a few Order Books (on the Left of the picture). Next we're creating our own Limit Order. The field with the “Price” tag will be automatically filled with the most latest tariff LUXCoin (LUX) was sold for. This can be changed to your preferred price. The field with the “Amount” tag is the volumen of LUX you wish to purchase. The ”Total” field is the total price in BTC that you'll pay for the complete volumen of LUX. If you're satisfied, make a mouse click on “Buy LUX”. Your plan will be filled when a Vender trades their LUX for the price you submitted.
Step 5 – Withdraw LUXCoin (LUX) Unless you're regularly trading, never keep your crypto coins on an Exchange for an extensive period of time. To take off your LUXCoin (LUX), hover over the ”Funds” tab and click on “Withdraw”. LUXCoin (LUX) can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate LUXCoin (LUX) by using the given drop-down box. Put into the amount of LUXCoin (LUX) you'd wish to take off. Don't forget the presented fees/minimums. Also make sure you have filled your right withdraw address. If you're satisfied, make a mouse click on “Submit”. You could be requested for verfication via email/phone before a take off.