A Step-by-Step-Guide on how to buy LanaCoin (LANA)
Step 1 – Signup to Coinbase and recieve 10$ for free You'll first need to purchase units of the major coins. Exchanges commonly accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for any other Cryptocurrency. Follow the Link below for registration and receive your welcome $10.
Step 2 – Transmit Your Bitcoin (BTC) or Ethereum (ETH) to an Exchange Your Ethereum or Bitcoin will need to be sent over to an Crypto Trader now. Every exchange has a deposit form that is similar. LanaCoin (LANA) is accessible on Binance, so we will use that as an example. Not sure on how to send Coinbase funds to an Crypto Exchange? (Just follow this guide) Make sure you have selected the right coin you would like to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, and so forth. If you are working with a decentralized exchange, such as Airswap or DDEX could be divergent (Follow our guide).
Step 3 – Locate (LANA) LanaCoin Once your deposit has been verified, you will immediately have access to your funds and you can commence purchasing and trading. To buy (LANA) LanaCoin on Binance, you'll want to go to the tab which is called “Exchange” and click on “Basic”. In order to locate (LANA) LanaCoin, you will need to insert the short name of the asset (LANA) into the search box, which is marked in the image. Make sure you have selected the proper grouping, we've marked this also. Click on “LANA/BTC” to proceed.
Step 4 – Purchasing LanaCoin (LANA) As soon as you have discovered LanaCoin (LANA), you'll be presented with a Price Chart (in the Center of the picture) and some Order Books (Leftside of the image). For now we're making our own Limit Order. The “Price” field will be filled automatically with the most latest rate LanaCoin (LANA) was traded for. You can change this to your favoured rate. The field with the “Amount” tag is the quantity of LANA you wish to buy. The field with the “Total” tag is the total price in Bitcoin that you will pay for the whole volumen of LANA. When you are happy, click on “Buy LANA”. Your order will be filled as soon as a Vender trades their LANA for the price you introduced.
Step 5 – Withdraw (LANA) LanaCoin Unless you're regularly trading, best advise is not to keep crypto coins on an Crypto Trader for an extensive time period. To withdraw your LanaCoin (LANA), go to the tab called “Funds” and click on “Withdraw”. (LANA) LanaCoin can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find LanaCoin (LANA) by using the provided drop-down box. Drop in the volumen of (LANA) LanaCoin you'd like to withdraw. Take into account the displayed minimus/fees. Also make sure you have entered your correct withdraw address. When you are happy, click on “Submit”. You could be requested for email/phone verification ahead of a withdrawal.