A Step-by-Step-Guide on how to buy Lumos (LMS)
Step 1 – Signup to Coinbase and receive 10$ in Bitcoin You will first need to purchase one of the bigger coins. Exchanges normally accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for any other Cryptocurrency. Click the button below to register and to get Bitcoin (BTC) or Ethereum (ETH).
Step 2 – Transfer Your Funds to an Crypto Trader Your Ethereum or Bitcoin has to be sent over to an Crypto Trader now. Every exchange has a deposit form that is similar. Lumos (LMS) is accessible on Binance, so we will use that as an example. Not sure on how to send Coinbase funds to an Crypto Trader? (Follow this how-to) Make sure you've selected the precise coin you want to deposit. Bitcoin must be sent to a BTC deposit address, Ethereum to an ETH deposit address, et cetera. If you're working with a decentralized exchange, such as Airswap or DDEX could be opposed (Just follow these easy steps).
Step 3 – Locate (LMS) Lumos As soon as your deposit has been verified, you'll instantly have access to your assets and you can launch invest and trading. To buy Lumos (LMS) on Binance, you'll want to go to the “Exchange” tab and then mouse click on “Basic”. To spot Lumos (LMS), you will need to put the short name of the asset (LMS) into the search box, which is marked in the graphic. Be certain of having choosen the right pairing, we've marked this too. Click on “LMS/BTC” to go ahead.
Step 4 – Buying Lumos (LMS) As soon as you have found (LMS) Lumos, 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 making our Limit Order. The field with the “Price” tag will be automatically filled with the latest price (LMS) Lumos was traded for. You can change this to your desired price. The field with the “Amount” tag is the quantity of LMS you wish to purchase. The field with the “Total” tag is the aggregated price in BTC that you will pay for the whole volumen of LMS. When you are satisfied, click on “Buy LMS”. Your plan will be filled when a Vendor sells their LMS for the price you gave.
Step 5 – Withdraw (LMS) Lumos Unless you are regularly trading, you should never keepyour crypto coins on an Exchange for an longer time period. To withdraw your Lumos (LMS), go to the “Funds” tab and click on “Withdraw”. Lumos (LMS) can be stored safely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find (LMS) Lumos by using the provided drop-down box. Drop in the volumen of Lumos (LMS) you would wish to take off. Take into account the displayed fees/minimums. Also make sure you have entered your correct withdraw address. When you're happy, make a mouse click on “Submit”. You may be asked for verfication via phone/email before a take off.