How to Buy Lisk (LSK)

A Step-by-Step-Guide on how to buy Lisk (LSK)

Step 1 – Join eToro

In the beginning you'll need to purchase one of the major currencies. Exchanges commonly accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for any other Cryptocurrency. Follow the Link below to register and receive yBitcoin (BTC) or Ethereum (ETH).

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

Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Exchange now. Every exchange has a deposit form that is similar. Lisk (LSK) is accessible on Binance, so we're going to use that as an illustration. Not sure on how to send funds from Coinbase to an Crypto Trader? (Follow this guide)

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

Bitcoin must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, and so forth. In the case you're dealing with a decentralized exchange, like Airswap or DDEX could be unlike (Follow our how-to).

Step 3 – Locate Lisk (LSK)

Once your deposit has been approved, you'll now have access to your funds and you can commence buying and trading. To invest in (LSK) Lisk on Binance, you will want to go to the “Exchange” tab and then click on “Basic”.

In order to find (LSK) Lisk, you'll need to put the short name of the asset (LSK) into the search box, which is marked in the image. Make sure you have selected the correct pairing, we have marked this too. Click on “LSK/BTC” to proceed.

Binance How To Buy 1 Lisk (LSK)
Step 4 – Buy (LSK) Lisk

Once you've spotted (LSK) Lisk, you'll be given a Chart with Prices (in the Center of the picture) and a few Order Books (Leftside of the image). Next we're going to create our own Limit Order.

The “Price” field will be filled with the most up-to-date rate Lisk (LSK) was sold for. This can be changed to your preferred rate. The field with the “Amount” tag is the quantity of LSK you like to purchase. The field with the “Total” tag is the aggregated price in BTC that you'll settle for the whole volumen of LSK.

If you're satisfied, make a mouse click on “Buy LSK”. Your order will be filled as soon as a Seller sells their LSK for the price you introduced.

Step 5 – Withdraw Lisk (LSK)

Unless you are regularly trading, never keep your coins on an Exchange for an extensive time period. In order to take off your (LSK) Lisk, hover over the “Funds” tab and click on “Withdraw”. Lisk (LSK) can be stored securely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Locate (LSK) Lisk by using the provided drop-down box. Enter the quantity of Lisk (LSK) you would like to take off. Don't forget the displayed fees/minimums. Also make sure you have filled your correct withdraw address.

If you're satisfied, click on “Submit”. You may be requested for verfication via email/phone ahead of a withdrawal.

Kudos! You've successfully purchased and safed (LSK) Lisk.

That's it!

Take offs from Cryptocurrency Exchange can take between 1 – 30 minutes (depending on usage of the network). As soon as you've confirmed your withdrawal with Etherscan.io or Ethplorer.io and the Lisk (LSK) is safe inside your wallet, you are finished.