A Step-by-Step-Guide on how to buy Lithium (LIT) in Anguilla
Step 1 – Join Coinmama You'll first need to buy units of the major currencies. Exchanges normally accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for alternative Coins. Click below to register and receive your Bitcoin (BTC) or Ethereum (ETH).
Step 2 – Send Your Bitcoin (BTC) or Ethereum (ETH) to an Crypto Exchange Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Crypto Trader now. Every exchange has a deposit form that is similar. Lithium (LIT) is accessible on Binance, so we will use that as an sample. Not sure on how to send funds from Coinbase to an Exchange? (Follow this manual) Make sure you've selected the correct coin you wish to deposit. BTC must be sent to a BTC deposit address, Ethereum to an ETH deposit address, etc. In the case you are using a decentralized exchange, such as Airswap or DDEX could be opposed (Just follow our guide).
Step 3 – Locate Lithium (LIT) As soon as your deposit has been verified, you'll instantly have access to your finances and you can launch purchasing and trading. To buy Lithium (LIT) on Binance, you'll want to go to the ”Exchange” tab and after that mouse click on “Basic”. To locate Lithium (LIT), you will need to insert the cointype (LIT) into the search box, which is marked in the graphic. Make sure you have selected the proper pairing, we've highlighted this also. Click on “LIT/BTC” to advance.
Step 4 – Buy Lithium (LIT) As soon as you have spotted Lithium (LIT), you'll be presented with a Price Chart (in the Center of the image) and a few Order Books (Leftside of the image). Next we're creating our own Limit Order. The ”Price” field will be filled with the most recent price Lithium (LIT) was traded for. You can change this to your favoured price. The field with the “Amount” tag is the volumen of LIT you want to purchase. The field with the “Total” tag is the aggregated price in BTC that you will settle for the complete volumen of LIT. If you're glad, click on “Buy LIT”. Your order will be filled as soon as a Vender trades their LIT for the price you gave.
Step 5 – Withdraw Lithium (LIT) Unless you are regularly trading, best advise is not to keep crypto on an Crypto Trader for an longer time frame. In order to take off your Lithium (LIT), go to the ”Funds” tab and click on “Withdraw”. Lithium (LIT) can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate Lithium (LIT) by using the given drop-down box. Drop in the volumen of Lithium (LIT) you would wish to withdraw. Take into account the presented fees/minimums. Also make sure you have entered your correct withdraw address. If you're satisfied, click “Submit”. You could be requested for phone/email verification before a withdrawal.
Congratulations! You've successfully purchased and stored Lithium (LIT) in Anguilla.That's it! Withdrawals from Exchange can take between 1 – 30 minutes (depending on usage of the network). As soon as you've proved your withdrawal with Ethplorer.io or Etherscan.io and the Lithium (LIT) is stored in your wallet, you are all done.
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