How to Buy LITEX (LXT)

A Step-by-Step-Guide on how to buy LITEX (LXT)

Step 1 – Signup to Coinbase – Get Free $10

You'll first need to purchase units of the major currencies. Exchanges normally accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for any other Cryptocurrency. Follow the Link below to register and to get your first $10.

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

Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is similar. LITEX (LXT) is accessible on Binance, so we're going to use that as an illustration. Unsure on how to send funds from Coinbase to an Exchange? (Just follow this guide)

Make sure you've selected the exact coin you wish to deposit.

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

Step 3 – Find (LXT) LITEX

Once your deposit has been confirmed, you will now have access to your funds and you can commence buying and trading. To purchase (LXT) LITEX on Binance, you'll want to go to the tab which is called “Exchange” and after that mouse click on “Basic”.

In order to discover (LXT) LITEX, you'll need to insert the short name of the asset (LXT) into the search-box, which is marked in the picture. Make sure you have selected the correct grouping, we have highlighted this also. Click on “LXT/BTC” to proceed.

Binance How To Buy 1 LITEX (LXT)
Step 4 – Buy LITEX (LXT)

As soon as you have spotted LITEX (LXT), you will be presented with a Price Chart (in the Center of the picture) and a few Order Books (on the Left of the picture). Next we are creating our own Limit Order.

The “Price” field will be filled with the most up-to-date valuation (LXT) LITEX was traded for. This can be changed to your favoured rate. The field with the “Amount” tag is the volumen of LXT you wish to purchase. The field with the “Total” tag is the whole price in BTC that you'll settle for the whole volumen of LXT.

When you are glad, click on “Buy LXT”. Your plan will be filled as soon as a Vendor sells their LXT for the price you introduced.

Step 5 – Withdraw LITEX (LXT)

Unless you are frequently trading, you should never keepyour crypto on an Crypto Exchange for an longer time frame. To take off your (LXT) LITEX, hover over the “Funds” tab and click on “Withdraw”. LITEX (LXT) can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate (LXT) LITEX by using the given drop-down box. Drop in the volumen of (LXT) LITEX you would wish to take off. Don't forget the displayed fees/minimums. Also make sure you have filled your right withdraw address.

If you're glad, click “Submit”. You could be asked for verfication via phone/email ahead of a take off.

Congrats! You have successfully purchased and safed LITEX (LXT).

That's it!

Withdrawals from Exchange can take between 1 – 30 minutes (depending on network usage). As soon as you have confirmed your take off using Etherscan.io or Ethplorer.io and the LITEX (LXT) is stored inside your wallet, you're finished.