A Step-by-Step-Guide on where to buy Lightning Bitcoin (LBTC)
Step 1 – Join CEX.io In the beginning you'll need to purchase units of the major coins. Exchanges normally accept either Ethereum or Bitcoin in exchange for any other Cryptocurrency. Click the button below to register and getting your ETH (Ethereum) or BTC (Bitcoin).
Step 2 – Transfer Your BTC (Bitcoin) or ETH (Ethereum) to an Crypto Exchange Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Crypto Trader now. Every exchange has a deposit form that is similar. Lightning Bitcoin (LBTC) is accessible on Binance, so we're going to use that as an illustration. Not sure on how to send Coinbase funds to an Crypto Exchange? (Just follow this manual) Make sure you have selected the correct coin you want to deposit. Bitcoin must be sent to a BTC deposit address, Ethereum to an ETH deposit address, et cetera. In the case you are dealing with a decentralized exchange, such as Airswap or DDEX could be opposed (Follow our how-to).
Step 3 – Locate Lightning Bitcoin (LBTC) Once your deposit has been verified, you'll instantly have access to your funds and you can begin purchasing and trading. To purchase Lightning Bitcoin (LBTC) on Binance, you'll want to hover over the ”Exchange” tab and then click on “Basic”. To locate Lightning Bitcoin (LBTC), you will need to put the cointype (LBTC) into the search-box, which is marked in the picture. Make sure you have selected the right grouping, we've highlighted this too. Click on “LBTC/BTC” to progress.
Step 4 – Buying Lightning Bitcoin (LBTC) After you've spotted Lightning Bitcoin (LBTC), you will be given a Price Chart (in the Center of the picture) and some Order Books (on the Left of the image). For now we're going to create our own Limit Order. The ”Price” field will be automatically filled with the most latest rate Lightning Bitcoin (LBTC) was traded for. You can change this to your preferred price. The ”Amount” field is the amount of LBTC you wish to buy. The field with the “Total” tag is the aggregated price in Bitcoin that you will pay for the complete amount of LBTC. If you are satisfied, make a mouse click on “Buy LBTC”. Your plan will be filled as soon as a Vender sells their LBTC for the price you submitted.
Step 5 – Withdraw Lightning Bitcoin (LBTC) Unless you're frequently trading, best advise is not to keep your crypto coins on an Crypto Exchange for an extended period of time. To withdraw your Lightning Bitcoin (LBTC), go to the tab called “Funds” and mouse click on “Withdraw”. Lightning Bitcoin (LBTC) can be stored safely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find Lightning Bitcoin (LBTC) by using the provided drop-down box. Drop in the volumen of Lightning Bitcoin (LBTC) you'd like to take off. Don't forget the demonstrated fees/minimums. Also make sure you have entered your precise withdraw address. If you're satisfied, click “Submit”. You could be asked for verfication via email/phone before a withdrawal.