Graphical tutorial on buying coins for newbies on LBank exchange app

To initiate a purchase, locate the coin you desire in the "Markets" tab of the LBank app and click "Buy" next to the corresponding trading pair to specify the amount and any desired order parameters.

Nov 27, 2024 at 05:53 am

Graphical Tutorial on Buying Coins for Newbies on LBank Exchange App

Step 1: Creating an LBank Account

1. Download the LBank App on iOS or Android devices.
2. Open the app and click on "Sign Up".
3. Enter your email address, create a password, and agree to the Terms of Service.
4. Verify your email address by clicking on the link sent to your inbox.
5. Secure your account by setting up 2-factor authentication (2FA).

Step 2: Funding Your Account

1. Click on the "Assets" tab in the LBank app.
2. Select "Deposit" and choose the currency you want to deposit.
3. Follow the instructions on the screen to complete the deposit process.

Step 3: Finding the Coin You Want to Buy

1. Click on the "Markets" tab in the LBank app.
2. Enter the name or symbol of the coin you want to buy in the search bar.
3. Click on the coin's name to view its trading pair options (e.g., BTC/USDT).

Step 4: Placing a Buy Order

1. Click on the "Buy" button next to the trading pair.
2. Enter the amount of the coin you want to buy.

3. Customize your order parameters (optional):

   • Limit Order: Set a specific price at which you want to buy the coin.
   • Market Order: Buy the coin at the current market price.
4. Click on "Buy" to place your order.

Step 5: Monitoring Your Order

1. Your order will be displayed in the "My Orders" section of the app.
2. You can track the status of your order and cancel it if necessary.

Step 6: Withdrawing Your Coins

1. Click on the "Assets" tab in the LBank app.
2. Select "Withdraw" and choose the cryptocurrency you want to withdraw.
3. Enter the amount you want to withdraw and the destination address for the coins.
4. Click on "Withdraw" to complete the process.

Tips for Beginners

• Start with a small amount of money to minimize potential losses.
• Do your research before buying any coin.
• Store your coins in a secure wallet.
• Use a trading strategy that fits your risk tolerance.
• Take advantage of LBank's tutorials and educational resources to enhance your knowledge.