A Step-by-Step-Guide on where to buy CoinLion (LION)
Step 1 – Join CEX.io In the beginning you'll need to buy units of the bigger currencies. Exchanges normally accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for alternative Coins. Click below to register and getting your BTC (Bitcoin) or ETH (Ethereum).
Step 2 – Send Your Bitcoin (BTC) or Ethereum (ETH) to an Exchange Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is similar. CoinLion (LION) is available on Binance, so we're going to use that as an sample. Unsure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Follow this how-to) Make sure you've selected the correct coin you want to deposit. BTC must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etc. If you are working with a decentralized exchange, such as Airswap or DDEX could be divergent (Just follow our guide).
Step 3 – Locate CoinLion (LION) Once your deposit has been approved, you will immediately have access to your funds and you can launch buying and trading. To buy CoinLion (LION) on Binance, you will want to go to the ”Exchange” tab and mouse click on “Basic”. To locate CoinLion (LION), you'll need to insert the shortname of the coin (LION) into the search box, which is marked in the picture. Make sure you have selected the right grouping, we have marked this too. Click on “LION/BTC” to go ahead.
Step 4 – Purchasing CoinLion (LION) After you have found CoinLion (LION), you'll be given a Chart with Prices (in the Center of the picture) and a few Order Books (Leftside of the picture). Next we are making our Limit Order. The field with the “Price” tag will be automatically filled with the most up-to-date price CoinLion (LION) was sold for. This can be changed to your preferred rate. The field with the “Amount” tag is the amount of LION you like to purchase. The ”Total” field is the aggregated price in Bitcoin that you'll pay for the complete quantity of LION. When you're happy, make a mouse click on “Buy LION”. Your order will be filled as soon as a Vender trades their LION for the price you introduced.
Step 5 – Withdraw CoinLion (LION) Unless you are regularly trading, best advise is not to keep coins on an Cryptocurrency Exchange for an extended period of time. In order to withdraw your CoinLion (LION), hover over the ”Funds” tab and click on “Withdraw”. CoinLion (LION) can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate CoinLion (LION) by using the given drop-down box. Put into the quantity of CoinLion (LION) you would wish to take off. Take into account the presented fees/minimums. Also make sure you have entered your right withdraw address. When you're happy, click on “Submit”. You may be asked for verfication via email/phone ahead of a take off.