How to Buy Lobstex (LOBS)

A Step-by-Step-Guide on how to buy Lobstex (LOBS)

Step 1 – Join Coinbase and recieve 10$ for free

In the beginning you'll need to purchase units of the bigger coins. Exchanges commonly accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for Altcoins. Follow the Link below for registration and to get your welcome 10 Dollar.

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

Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Crypto Trader now. Every exchange has a deposit form that is alike. Lobstex (LOBS) is accessible on Binance, so we will use that as an example. Not sure on how to send funds from Coinbase to an Crypto Trader? (Just follow this how-to)

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 ETH deposit address, etcetera. In the case you are working with a decentralized exchange, like Airswap or DDEX could be unlike (Follow our guide).

Step 3 – Find Lobstex (LOBS)

Once your deposit has been affirmed, you will instantly have access to your assets and you can start purchasing and trading. To buy Lobstex (LOBS) on Binance, you will want to go to the “Exchange” tab and after that click on “Basic”.

In order to locate Lobstex (LOBS), you will need to insert the cointype (LOBS) into the search box, which is marked in the picture. Make sure you have choosen the correct pairing, we've highlighted this also. Click on “LOBS/BTC” to proceed.

Binance How To Buy 1 Lobstex (LOBS)
Step 4 – Acquisition of Lobstex (LOBS)

After you've discovered (LOBS) Lobstex, you will be presented with a Chart with Prices (in the Center of the image) and a few Order Books (Leftside of the picture). Next we are going to create our Limit Order.

The “Price” field will be filled automatically with the most latest price Lobstex (LOBS) was sold for. This can be changed to your desired rate. The field with the “Amount” tag is the amount of LOBS you like to buy. The field with the “Total” tag is the total price in Bitcoin that you will settle for the whole amount of LOBS.

When you are glad, make a mouse click on “Buy LOBS”. Your order will be filled when a Seller sells their LOBS for the price you offered.

Step 5 – Withdraw Lobstex (LOBS)

Unless you are regularly trading, you should never keepyour coins on an Crypto Exchange for an extensive period of time. To withdraw your (LOBS) Lobstex, go to the tab called “Funds” and click on “Withdraw”. Lobstex (LOBS) can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Find (LOBS) Lobstex by using the given drop-down box. Enter the amount of (LOBS) Lobstex you would wish to withdraw. Don't forget the presented fees/minimums. Also make sure you have filled your correct withdraw address.

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

Congratulations! You have successfully purchased and safed (LOBS) Lobstex.

That's it!

Withdrawals from Crypto Exchange can take between 1 – 30 minutes (rely on network usage). Once you've confirmed your take off using Etherscan.io or Ethplorer.io and the (LOBS) Lobstex is stored in your wallet, you are done.