How to Buy LIPCHAIN (LIPS)

A Step-by-Step-Guide on how to buy LIPCHAIN (LIPS)

Step 1 – Signup to Coinbase – Get Free $10

You will first need to buy one of the major currencies. Exchanges usually accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for alternative Coins. Follow the Link below for registration and getting your first 10$.

Binance Signup
Step 2 – Transfer Your Funds to an Exchange

Your Bitcoin or Ethereum will need to be sent over to an Crypto Trader now. Every exchange has a deposit form that is identical. LIPCHAIN (LIPS) is obtainable on Binance, so we will use that as an example. Unsure on how to send funds from Coinbase to an Crypto Exchange? (Just follow this guide)

Make sure you've chosen the precise coin you would like to deposit.

BTC must be sent to a BTC deposit address, ETH to an Ethereum deposit address, etc. In the case you are working with a decentralized exchange, like Airswap or DDEX could be different (Follow our guide).

Step 3 – Locate (LIPS) LIPCHAIN

Once your deposit has been affirmed, you will now have access to your funds and you can commence invest and trading. To buy (LIPS) LIPCHAIN on Binance, you will want to hover over the “Exchange” tab and after that mouse click on “Basic”.

In order to locate LIPCHAIN (LIPS), you will need to insert the shortname of the coin (LIPS) into the search-box, which is highlighted in the picture. Make sure you have choosen the correct grouping, we've marked this also. Click on “LIPS/BTC” to proceed.

How to buy Coin on Binance 1 LIPCHAIN (LIPS)
Step 4 – Buy LIPCHAIN (LIPS)

As soon as you have found (LIPS) LIPCHAIN, you'll be presented with a Chart with Prices (in the Center of the image) and some Order Books (Leftside of the picture). Next we are creating our Limit Order.

The field with the “Price” tag will be filled with the recent rate (LIPS) LIPCHAIN was sold for. You can change this to your preferred price. The field with the “Amount” tag is the volumen of LIPS you wish to buy. The “Total” field is the aggregated price in BTC that you will settle for the complete quantity of LIPS.

If you're satisfied, click on “Buy LIPS”. Your plan will be filled when a Vender sells their LIPS for the price you submitted.

Step 5 – Withdraw LIPCHAIN (LIPS)

Unless you are frequently trading, best advise is not to keep your crypto coins on an Exchange for an longer time period. To take off your LIPCHAIN (LIPS), go to the tab called “Funds” and click on “Withdraw”. LIPCHAIN (LIPS) can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Locate (LIPS) LIPCHAIN by using the provided drop-down box. Put into the quantity of (LIPS) LIPCHAIN you would like to take off. Take into account the presented minimus/fees. Also make sure you have entered your correct withdraw address.

When you are glad, click “Submit”. You could be requested for verfication via phone/email ahead of a withdrawal.

Congratulations! You have successfully bought and stored LIPCHAIN (LIPS).

That's it!

Withdrawals from Exchange can durate anywhere from 1 – 30 minutes (depending on usage of the network). Once you've confirmed your withdrawal with Etherscan.io or Ethplorer.io and the LIPCHAIN (LIPS) is safe in your wallet, you're done.