A Step-by-Step-Guide on how to buy LUXCoin (LUX)
Step 1 – Signup to Coinbase – Get Free $10 You'll first need to purchase units of the bigger coins. Exchanges usually accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for any other Cryptocurrency. Follow the Link below for registration and getting your welcome 10$.
Step 2 – Send Your Ethereum or Bitcoin to an Exchange Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Crypto Trader now. All exchanges have a deposit form that is alike. LUXCoin (LUX) is accessible on Binance, so we're going to use that as an example. Unsure on how to send funds from Coinbase to an Crypto Trader? (Follow this how-to) Make sure you've chosen the precise coin you want to deposit. BTC must be sent to a BTC deposit address, Ethereum to an ETH deposit address, and so on. In the case you are dealing with a decentralized exchange, like Airswap or DDEX could be opposed (Just follow our guide).
Step 3 – Locate LUXCoin (LUX) As soon as your deposit has been approved, you will instantly have access to your finances and you can launch invest and trading. To buy (LUX) LUXCoin on Binance, you will want to go to the tab which is called “Exchange” and after that mouse click on “Basic”. In order to spot LUXCoin (LUX), you'll need to put the cointype (LUX) into the search box, which is highlighted in the image. Make sure you have choosen the correct pairing, we have highlighted this also. Click on “LUX/BTC” to continue.
Step 4 – Purchase (LUX) LUXCoin As soon as you've discovered LUXCoin (LUX), 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 creating our own Limit Order. The “Price” field will be filled with the recent valuation LUXCoin (LUX) was sold for. You can change this to your desired price. The field with the “Amount” tag is the quantity of LUX you wish to buy. The “Total” field is the aggregated price in BTC that you will pay for the complete volumen of LUX. If you are happy, make a mouse click on “Buy LUX”. Your order will be filled when a Vender trades their LUX for the price you submitted.
Step 5 – Withdraw (LUX) LUXCoin Unless you are frequently trading, best advise is not to keep your coins on an Exchange for an extended time period. In order to withdraw your LUXCoin (LUX), hover over the “Funds” tab and mouse click on “Withdraw”. LUXCoin (LUX) can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find LUXCoin (LUX) by using the given drop-down box. Put into the quantity of LUXCoin (LUX) you would wish to withdraw. Don't forget the shown minimus/fees. Also make sure you have filled your right withdraw address. If you are happy, click on “Submit”. You may be asked for verfication via phone/email ahead of a take off.