How to Buy Lightning Bitcoin (LBTC)

A Step-by-Step-Guide on how to buy Lightning Bitcoin (LBTC)

Step 1 – Join Coinbase and receive 10$ in Bitcoin

You will first need to buy units of the major coins. Exchanges normally accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for any other Cryptocurrency. Click the button below for registration and to get Ethereum or Bitcoin.

Binance Signup
Step 2 – Send Your Ethereum (ETH) or Bitcoin (BTC) to an Crypto Exchange

Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Crypto Trader now. Every exchange has a deposit form that is similar. Lightning Bitcoin (LBTC) is available on Binance, so we're going to use that as an sample. Not sure on how to send funds from Coinbase to an Crypto Exchange? (Just follow this manual)

Make sure you've selected the correct coin you would like to deposit.

Bitcoin must be sent to a BTC deposit address, ETH to an ETH deposit address, etc. In the case you're dealing with a decentralized exchange, like Airswap or DDEX could be unlike (Follow our manual).

Step 3 – Find Lightning Bitcoin (LBTC)

As soon as your deposit has been affirmed, you will instantly have access to your finances and you can begin buying and trading. To purchase (LBTC) Lightning Bitcoin on Binance, you will want to hover over the tab which is called “Exchange” and after that mouse click on “Basic”.

In order to find (LBTC) Lightning Bitcoin, you will need to put the short name of the asset (LBTC) into the search-box, which is highlighted in the image. Make sure you have choosen the correct pairing, we have marked this also. Click on “LBTC/BTC” to advance.

Binance How To Buy 1 Lightning Bitcoin (LBTC)
Step 4 – Buy Lightning Bitcoin (LBTC)

Once you've found Lightning Bitcoin (LBTC), you'll be presented with a Chart with Prices (in the Center of the image) and a few Order Books (Leftside of the picture). For now we are going to create our own Limit Order.

The “Price” field will be filled with the up-to-date tariff Lightning Bitcoin (LBTC) was sold for. This can be changed to your favoured rate. The field with the “Amount” tag is the quantity of LBTC you want to purchase. The field with the “Total” tag is the total price in Bitcoin that you will settle for the complete quantity of LBTC.

When you're happy, make a mouse click on “Buy LBTC”. Your plan will be filled as soon as a Seller trades their LBTC for the price you introduced.

Step 5 – Withdraw Lightning Bitcoin (LBTC)

Unless you are trading, never keep your coins on an Cryptocurrency Exchange for an extensive time frame. In order to take off your (LBTC) Lightning Bitcoin, go to the “Funds” tab and click on “Withdraw”. Lightning Bitcoin (LBTC) can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Find (LBTC) Lightning Bitcoin by using the given drop-down box. Drop in the amount of (LBTC) Lightning Bitcoin you would wish to take off. Don't forget the demonstrated fees/minimums. Also make sure you have entered your correct withdraw address.

When you are satisfied, make a mouse click on “Submit”. You may be requested for email/phone verification before a take off.

Congrats! You have successfully bought and safed (LBTC) Lightning Bitcoin.

That's it!

Take offs from Cryptocurrency Exchange can durate anywhere from 1 – 30 minutes (depending on network usage). As soon as you've proved your take off with Ethplorer.io or Etherscan.io and the Lightning Bitcoin (LBTC) is stored within your wallet, you are all done.