How to Buy LiteBitcoin (LBTC)

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

Step 1 – Signup to Coinbase and receive 10$ in Bitcoin

You'll first need to buy units of the bigger coins. Exchanges normally accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for any other Cryptocurrency. Follow the Link below to register and receive Bitcoin (BTC) or Ethereum (ETH).

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

Your Bitcoin or Ethereum will need to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is similar. LiteBitcoin (LBTC) is accessible on Binance, so we will 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 chosen the right coin you wish to deposit.

BTC must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, et cetera. In the case you're dealing with a decentralized exchange, like Airswap or DDEX could be opposed (Follow these easy steps).

Step 3 – Locate LiteBitcoin (LBTC)

Once your deposit has been affirmed, you will now have access to your assets and you can commence buying and trading. To buy LiteBitcoin (LBTC) on Binance, you will want to hover over the “Exchange” tab and click on “Basic”.

In order to find (LBTC) LiteBitcoin, you'll need to insert the cointype (LBTC) into the search-box, which is highlighted in the graphic. Make sure you have choosen the right grouping, we have marked this too. Click on “LBTC/BTC” to go ahead.

Binance How To Buy 1 LiteBitcoin (LBTC)
Step 4 – Acquisition of LiteBitcoin (LBTC)

As soon as you've found (LBTC) LiteBitcoin, you'll be presented with a Chart with Prices (in the Center of the picture) and a few Order Books (on the Left of the picture). Next we are making our own Limit Order.

The “Price” field will be automatically filled with the recent tariff LiteBitcoin (LBTC) was traded for. You can change this to your desired rate. The “Amount” field is the volumen of LBTC you wish to purchase. The “Total” field is the total price in BTC that you'll settle for the complete volumen of LBTC.

When you are happy, click on “Buy LBTC”. Your plan will be filled as soon as a Vendor trades their LBTC for the price you offered.

Step 5 – Withdraw (LBTC) LiteBitcoin

Unless you're trading, you should never keepyour crypto on an Crypto Exchange for an extensive period of time. To withdraw your (LBTC) LiteBitcoin, hover over the “Funds” tab and click on “Withdraw”. (LBTC) LiteBitcoin can be stored safely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Locate LiteBitcoin (LBTC) by using the provided drop-down box. Put into the volumen of LiteBitcoin (LBTC) you'd like to take off. Take into account the shown minimus/fees. Also make sure you have filled your correct withdraw address.

If you're satisfied, make a mouse click on “Submit”. You may be requested for phone/email verification before a withdrawal.

Kudos! You've successfully bought and safed (LBTC) LiteBitcoin.

That's it!

Take offs from Crypto Trader can durate between 1 – 30 minutes (depending on network usage). As soon as you have confirmed your withdrawal using Ethplorer.io or Etherscan.io and the LiteBitcoin (LBTC) is stored within your wallet, you are all done.