How to Buy LBRY Credits (LBC) in Australia

A Step-by-Step-Guide on how to buy LBRY Credits (LBC) in Australia

Step 1 – Signup to Coinmama

You'll first need to buy units of the bigger currencies. Exchanges normally accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for any other Cryptocurrency. Click the button below for registration and receive your Bitcoin (BTC) or Ethereum (ETH).

Binance Signup
Step 2 – Send Your Funds to an Crypto Trader

Your Bitcoin or Ethereum will need to be sent over to an Crypto Trader now. Every exchange has a deposit form that is alike. LBRY Credits (LBC) is available on Binance, so we're going to use that as an sample. Not sure on how to send funds from Coinbase to an Crypto Trader? (Just follow this manual)

Make sure you've chosen the right coin you wish to deposit.

BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, and so on. In the case you're dealing with a decentralized exchange, like Airswap or DDEX could be unlike (Just follow these easy steps).

Step 3 – Find {LBRY Credits (LBC)|(LBC) LBRY Credits}

As soon as your deposit has been confirmed, you'll instantly have access to your funds and you can launch purchasing and trading. To purchase {LBRY Credits (LBC)|(LBC) LBRY Credits} on Binance, you'll want to hover over the tab which is called “Exchange” and then click on “Basic”.

In order to find {LBRY Credits (LBC)|(LBC) LBRY Credits}, you'll need to insert the cointype (LBC) into the search box, which is highlighted in the image. Make sure you have selected the correct grouping, we've highlighted this also. Click on “LBC/BTC” to go on.

{How to buy Coin on Binance 1|Binance How To Buy 1} LBRY Credits (LBC)
Step 4 – Buying {LBRY Credits (LBC)|(LBC) LBRY Credits}

After you have discovered {LBRY Credits (LBC)|(LBC) LBRY Credits}, you'll be presented with a Price Chart (in the Center of the picture) and a few Order Books (on the Left of the picture). And now we're going to create our own Limit Order.

The field with the “Price” tag will be filled with the most recent price {LBRY Credits (LBC)|(LBC) LBRY Credits} was traded for. You can change this to your favoured price. The field with the “Amount” tag is the volumen of LBC you like to purchase. The ”Total” field is the total price in BTC that you'll settle for the whole volumen of LBC.

When you are satisfied, make a mouse click on “Buy LBC”. Your plan will be filled as soon as a Vender trades their LBC for the price you introduced.

Step 5 – Withdraw {LBRY Credits (LBC)|(LBC) LBRY Credits}

Unless you are trading, best advise is not to keep crypto coins on an Exchange for an extended time frame. In order to take off your {LBRY Credits (LBC)|(LBC) LBRY Credits}, hover over the tab called “Funds” and click on “Withdraw”. {LBRY Credits (LBC)|(LBC) LBRY Credits} can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Find {LBRY Credits (LBC)|(LBC) LBRY Credits} by using the given drop-down box. Enter the volumen of {LBRY Credits (LBC)|(LBC) LBRY Credits} you would like to take off. Take into account the shown fees/minimums. Also make sure you have filled your right withdraw address.

If you are glad, make a mouse click on “Submit”. You may be asked for verfication via phone/email ahead of a take off.

Congrats! You've successfully purchased and stored LBRY Credits (LBC) in Australia.

That's it!

Withdrawals from Crypto Trader can durate between 1 – 30 minutes (depending on usage of the network). As soon as you have confirmed your take off using Etherscan.io or Ethplorer.io and the {LBRY Credits (LBC)|(LBC) LBRY Credits} is stored within your wallet, you're all done.

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