How to Buy Lytix (LYTX)

A Step-by-Step-Guide on how to buy Lytix (LYTX)

Step 1 – Join Coinbase and receive 10$ in Bitcoin

In the beginning you'll need to purchase units of the bigger currencies. Exchanges normally accept either Ethereum or Bitcoin in exchange for any other Cryptocurrency. Follow the Link below for registration and getting Ethereum or Bitcoin.

Binance Signup
Step 2 – Transmit Your BTC (Bitcoin) or ETH (Ethereum) to an Crypto Exchange

Your Ethereum or Bitcoin will need to be sent over to an Exchange now. Every exchange has a deposit form that is identical. Lytix (LYTX) is accessible on Binance, so we're going to use that as an example. Not sure on how to send Coinbase funds to an Crypto Exchange? (Follow this guide)

Make sure you've chosen the correct coin you would like to deposit.

Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, and so on. If you are dealing with a decentralized exchange, like Airswap or DDEX could be divergent (Just follow these easy steps).

Step 3 – Find (LYTX) Lytix

Once your deposit has been affirmed, you'll directly have access to your assets and you can begin purchasing and trading. To buy (LYTX) Lytix on Binance, you will want to go to the “Exchange” tab and mouse click on “Basic”.

In order to find Lytix (LYTX), you'll need to put the short name of the asset (LYTX) into the search box, which is marked in the picture. Be certain of having selected the correct grouping, we've highlighted this also. Click on “LYTX/BTC” to go ahead.

Binance How To Buy 1 Lytix (LYTX)
Step 4 – Acquisition of (LYTX) Lytix

After you have discovered (LYTX) Lytix, you will be given a Price Chart (in the Center of the image) and a few Order Books (on the Left of the picture). Next we are going to create our own Limit Order.

The “Price” field will be automatically filled with the up-to-date price (LYTX) Lytix was traded for. You can change this to your favoured rate. The field with the “Amount” tag is the quantity of LYTX you wish to purchase. The “Total” field is the total price in BTC that you'll pay for the whole quantity of LYTX.

When you are glad, click on “Buy LYTX”. Your plan will be filled as soon as a Vender trades their LYTX for the price you submitted.

Step 5 – Withdraw Lytix (LYTX)

Unless you are frequently trading, best advise is not to keep your coins on an Cryptocurrency Exchange for an extended period of time. In order to take off your (LYTX) Lytix, hover over the tab called “Funds” and click on “Withdraw”. (LYTX) Lytix can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find (LYTX) Lytix by using the given drop-down box. Drop in the volumen of (LYTX) Lytix you would wish to take off. Don't forget the shown fees/minimums. Also make sure you have entered your correct withdraw address.

If you're happy, click on “Submit”. You could be asked for email/phone verification ahead of a take off.

Congrats! You've successfully purchased and stored (LYTX) Lytix.

That's it!

Take offs from Crypto Exchange can durate between 1 – 30 minutes (rely on network usage). Once you've confirmed your take off using Ethplorer.io or Etherscan.io and the Lytix (LYTX) is stored in your wallet, you're finished.