A Step-by-Step-Guide on how to buy LUXCoin (LUX)
Step 1 – Join Coinbase and receive 10$ in Bitcoin You'll first need to purchase units of the top-tier currencies. Exchanges normally accept either Ethereum or Bitcoin in exchange for Altcoins. Click below for registration and getting Ethereum (ETH) or Bitcoin (BTC).
Step 2 – Transmit Your Ethereum or Bitcoin to an Crypto Trader Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Crypto Trader now. All exchanges have a deposit form that is similar. LUXCoin (LUX) is available on Binance, so we will use that as an example. Not sure on how to send Coinbase funds to an Exchange? (Follow this how-to) Make sure you've chosen the precise coin you would like to deposit. BTC must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, et cetera. In the case you're working with a decentralized exchange, like Airswap or DDEX could be different (Follow our guide).
Step 3 – Locate LUXCoin (LUX) As soon as your deposit has been confirmed, you will instantly have access to your assets and you can begin purchasing and trading. To invest in LUXCoin (LUX) on Binance, you will want to go to the tab which is called “Exchange” and then click on “Basic”. In order to find LUXCoin (LUX), you'll need to put the short name of the asset (LUX) into the search-box, which is marked in the image. Be certain of having selected the right grouping, we have marked this too. Click on “LUX/BTC” to continue.
Step 4 – Acquisition of LUXCoin (LUX) After you've discovered LUXCoin (LUX), you will be presented with a Price Chart (in the Center of the picture) and a few Order Books (Leftside of the picture). And now we're going to make our own Limit Order. The field with the “Price” tag will be filled automatically with the most latest price LUXCoin (LUX) was sold for. You can change this to your preferred price. The “Amount” field is the quantity of LUX you wish to purchase. The “Total” field is the total price in BTC that you'll pay for the complete amount of LUX. When you are glad, make a mouse click on “Buy LUX”. Your plan will be filled when a Vender sells their LUX for the price you introduced.
Step 5 – Withdraw LUXCoin (LUX) Unless you are frequently trading, you should never keepyour coins on an Crypto Trader for an extended time frame. In order to withdraw your (LUX) LUXCoin, hover over the “Funds” tab and click on “Withdraw”. (LUX) LUXCoin can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate LUXCoin (LUX) by using the given drop-down box. Drop in the amount of (LUX) LUXCoin you would wish to take off. Don't forget the demonstrated fees/minimums. Also make sure you have entered your right withdraw address. If you're satisfied, click on “Submit”. You could be asked for phone/email verification ahead of a take off.