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 Exchange Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Exchange now. Every exchange has a deposit form that is identical. LUXCoin (LUX) is available on Binance, so we're going to use that as an example. Not sure on how to send Coinbase funds to an Exchange? (Just follow these easy steps) Make sure you have chosen the precise coin you would like to deposit. BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, et cetera. In the case you're using a decentralized exchange, such as Airswap or DDEX could be divergent (Just follow our guide).
Step 3 – Locate LUXCoin (LUX) Once your deposit has been confirmed, you will now have access to your funds and you can start invest and trading. To buy LUXCoin (LUX) on Binance, you will want to go to the ”Exchange” tab and after that click on “Basic”. To find LUXCoin (LUX), you will need to insert the short name of the asset (LUX) into the search-box, which is marked in the image. Make sure you have selected the proper grouping, we've marked this too. Click on “LUX/BTC” to progress.
Step 4 – Buying LUXCoin (LUX) As soon as you have spotted LUXCoin (LUX), you'll be presented with a Price Chart (in the Center of the image) and some Order Books (Leftside of the image). Next we're going to create our Limit Order. The field with the “Price” tag will be filled with the recent price LUXCoin (LUX) was sold for. You can change this to your preferred rate. The ”Amount” field is the amount of LUX you wish to purchase. The ”Total” field is the whole price in BTC that you'll settle for the complete amount of LUX. If you are satisfied, click on “Buy LUX”. Your plan will be filled when a Vendor sells their LUX for the price you submitted.
Step 5 – Withdraw LUXCoin (LUX) Unless you are frequently trading, best advise is not to keep coins on an Cryptocurrency Exchange for an extensive time frame. To withdraw your LUXCoin (LUX), go to the tab called “Funds” and mouse click on “Withdraw”. LUXCoin (LUX) can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find LUXCoin (LUX) by using the provided drop-down box. Enter the volumen of LUXCoin (LUX) you would like to withdraw. Don't forget the displayed minimus/fees. Also make sure you have entered your right withdraw address. When you are satisfied, make a mouse click on “Submit”. You may be asked for email/phone verification before a take off.