How To Buy LISK or LSK Crytocurrency?
Launched in May 2016, Lisk is a cryptocurrency, based on its own Blockchain network. The idea of the Lisk project is to enable developers to create, distribute and manage decentralized Blockchain applications by deploying their own sidechain linked to the Lisk network, including a custom token.
Lisk foundation is based in Zug, Switzerland, but it seems very popular in Poland. By the time of writing this, this token is in the top 20 largest cryptocurrencies rated by their market cap.
How to buy LISK (LSK)
Unfortunately, LSK currently cannot be easily purchased with fiat currencies. Convenient payment options such as credit cards are available on two Polish exchanges, BitBay and AbuCoins, exclusively for local clients.
So, one of the most popular ways to buy some LISK (LSK) is a bit roundabout. Here are the exact steps:
1. Grab some Bitcoin (BTC) or Ethereum (ETH).
You can do that on most exchanges, yet we suggest Coinbase, because it is a major reputable company that accepts credit card and bank wire payments, so it is a good entry-level service. Besides, it holds a NY BitLicense and of course, accepts US residents as clients.
2. Sign up with another exchange that supports LSK.
As Coinbase supports only BTC, ETH, and LTC, you need to register with some of the platforms that allow you to exchange your newly acquired ETH or BTC for LSK. Inter-crypto trading usually involves significantly lower trading fees and ID verification is not always required. We suggest that you use Binance, as it charges only 0.1% per trade.
3. Transfer your ETH or BTC from Coinbase to the other exchange of your choice.
4. Exchange it for LSK.
5. Store your newly acquired LSK coins in a secure wallet.
It is always safer to use your own wallet, instead of keeping your cpins at an exchange. We recommend that you do that in the Lisk Nano wallet.
6. In case you want to sell your LSK coins and withdraw them in USD dollars or other fiat, you have to undergo the process described above vice versa.
If you wish to avoid all that digital wallet, multiple exchanges and private keys hassle related to owning a coin, you can try out trading in Bitcoin with a forex broker. Unlike the majority of exchanges, most brokers are regulated, and many of them offer trading in Bitcoin, as well as other cryptocurrency CFDs. Unfortunately, there aren’t any brokers that offer trading in LSK yet.
Below, you can find a list of exchanges that support LISK (LSK), and if you click on the “review” button, you can view further information on the cost of trading, payment methods, ease of use and more for each of them.
How to Buy LISK or LSK Crytocurrency Conclusion
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