How to Buy LBRY Credits (LBC)

A Step-by-Step-Guide on how to buy LBRY Credits (LBC)

Step 1 – Signup to Coinbase and get 10$ for free

You will first need to purchase units of the major currencies. Exchanges normally accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for any other Cryptocurrency. Click the button below for registration and receive your first 10$.

Binance Signup
Step 2 – Send Your Ethereum or Bitcoin to an Exchange

Your Ethereum or Bitcoin has to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is identical. LBRY Credits (LBC) is accessible on Binance, so we will use that as an illustration. Unsure on how to send Coinbase funds to an Crypto Exchange? (Just follow these easy steps)

Make sure you have selected the exact coin you want to deposit.

BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, etcetera. In the case you're working with a decentralized exchange, like Airswap or DDEX could be unlike (Just follow our manual).

Step 3 – Find LBRY Credits (LBC)

As soon as your deposit has been affirmed, you'll directly have access to your finances and you can start purchasing and trading. To buy LBRY Credits (LBC) on Binance, you will want to go to the tab which is called “Exchange” and after that mouse click on “Basic”.

To find (LBC) LBRY Credits, you will need to put the cointype (LBC) into the search box, which is highlighted in the picture. Make sure you have choosen the right pairing, we've marked this too. Click on “LBC/BTC” to progress.

Binance How To Buy 1 LBRY Credits (LBC)
Step 4 – Purchase (LBC) LBRY Credits

After you have spotted LBRY Credits (LBC), you will be presented with a Chart with Prices (in the Center of the image) and some Order Books (Leftside of the picture). For now we are creating our Limit Order.

The field with the “Price” tag will be filled automatically with the most latest rate LBRY Credits (LBC) was sold for. You can change this to your preferred price. The field with the “Amount” tag is the quantity of LBC you wish to purchase. The “Total” field is the total price in BTC that you will pay for the whole volumen of LBC.

When you are glad, make a mouse click on “Buy LBC”. Your plan will be filled when a Seller sells their LBC for the price you introduced.

Step 5 – Withdraw (LBC) LBRY Credits

Unless you are trading, best advise is not to keep coins on an Exchange for an extended time frame. In order to withdraw your LBRY Credits (LBC), hover over the “Funds” tab and mouse click on “Withdraw”. (LBC) LBRY Credits can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find LBRY Credits (LBC) by using the provided drop-down box. Put into the quantity of LBRY Credits (LBC) you would like to withdraw. Don't forget the presented minimus/fees. Also make sure you have entered your correct withdraw address.

If you are glad, click on “Submit”. You could be asked for email/phone verification before a withdrawal.

Congratulations! You've successfully bought and safed LBRY Credits (LBC).

That's it!

Take offs from Exchange can take anywhere from 1 – 30 minutes (rely on usage of the network). As soon as you have proved your withdrawal using Ethplorer.io or Etherscan.io and the (LBC) LBRY Credits is stored inside your wallet, you're done.