Basic LBank Guide for Crypto Beginners: How to Register, Buy/Sell and Withdraw
Cryptocurrencies are all the rage these days, but if you’re new to the world of digital currencies, you may be wondering how to get started. Fortunately, buying and selling cryptocurrencies is relatively simple and straightforward with LBank.
In this article, we’ll give you a basic guide to getting started with LBank, one of the leading cryptocurrency exchanges.
How to create an LBank account
LBank is a digital currency exchange that allows you to buy and sell a variety of different cryptocurrencies. To get started, you’ll need to create an account and deposit some funds.
Once you have funds in your account, you can start buying and selling cryptocurrencies. LBank also allows you to trade and earn endless rewards.
If you’re new to the world of cryptocurrencies, LBank is a great place to start. With a few simple steps, you can get started on your journey.
Step 1: Download the LBank app with your android mobile, iOS mobile or register on your browser
Step 2: Open the LBank App and tap [Log In/Register]
Step 3: Tap [Register]. Enter the email address and password you’ll use for your account, and the Referral ID (if any). Check the box next to [I Understand LBank’s Terms of Use] and tap [->]
Please note:
- Your password must contain at least 8 characters, including one uppercase letter and one number
- If you’ve been referred to register on LBank by a friend, make sure to fill in the Referral ID (optional)
Step 4: Drag the slider to complete the Security Verification puzzle.
Step 5: You will receive a verification email in your inbox. Please enter the verification code within 10 minutes. If you can’t find the email, click [Send Code] to get another email.
Please note: For your own account security, we highly recommend you enable two-factor authentication (2FA). LBank supports both Google and SMS 2FA.
*Before you start P2P trading, you need to complete Identity Verification and 2FA authentication first.
Deposit fund
You need funds in your account before you purchase any cryptocurrencies. To do this, add fiat currency like GBP, EUR and USD via a bank transfer or Credit/Debit Card.
Deposit crypto to LBank
Step 1: Log into your LBank account and click [Wallet]-[Deposit].
Step 2: Select the cryptocurrency you want to deposit, such as USDT.
Step 3: Choose the deposit network.
Step 4: Click to copy your LBank Wallet’s deposit address and paste it to the address field on the platform you intend to withdraw crypto from.
Step 5: Wait for confirmation of your request
Step 6: You can check the status of your deposit from [Records], as well as more information on your recent transactions
How to buy/sell on the LBank app
Step 1: Login to your LBank account and click on [buy crypto]
Step 2: Click buy or sell
Step 3: You have to select the pair you want to buy or sell. If you select buy, it will take you to a new page where you can place an order [limit order, market order or stop limit]
Step 4: Enter the amount you want to buy or sell
Step 5: Confirm the order
How to withdraw from LBank on the app
Step 1: Log into your LBank account and click [Wallet]
Step 2: Click on [Withdraw]
Step 3: Select the cryptocurrency you want to withdraw. In this example, we will withdraw USDT
Step 4: Select the wallet address.
Step 5: Select the network. Then, enter the address and withdrawal amount.
Step 6: Confirm the withdrawal details
Step 7: Fill in the email verification code and Google verification code
Disclaimer: Cryptocurrencies are often volatile, and this can be a risky investment. The information provided in this article is solely for educational purposes and shouldn’t be regarded as investment advice.
