Purchasing Lobstex (LOBS) on the Binance platform
Binance is among the world’s leading trading platforms.
Understanding how to buy Lobstex (LOBS) is vital if you wish to get started trading on that platform.
Before entering the wonderful world of crypto within the Binance platform, you need to get acquainted with the following.
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Be able to register on Binance
To be able to buy Lobstex (LOBS) on Binance, one thing you need to know is how to open your account.
Simply follow each of the guidelines listed below.
Search for the "Register" button in the Binance main page and click on it to begin the registration process.
You can access directly by clicking here.
In the Binance main page you’ll see a button named "Register with a phone or email". Click on it.
The Binance platform is totally compatible with iOS mobile devices as well.
Here we’ll will describe the registration technique using an e-mail address.
- From the drop down list of countries, choose the one you’re living in.
- Now, write your e-mail address and a password. Be well aware that you are going to invest money, you must give importance to the password you choose
- If you wish to be informed periodically via e-mail about Binance news, check in the corresponding option. Next, you must accept the "Terms of Service" and that’s almost all. Your account has been created Next step is the email verification
See the inbox of the email address you used for enrollment and search the activation code exclusive of your account. Enter it in the corresponding line and click on "Send"
You’re now a Binance subscriber!.
You can now navigate the Binance platform and review all the options it has to offer.
This way you canit is possible to begin trading Lobstex (LOBS) conveniently.
To gain access to those options, the first thing you must do is fulfill the ID verification.
Warning: No Lobstex (LOBS) operation will be allowed if you overlook this security step.
However, you don’t need to worry, read the following instructions to know how to do it.
How to verify your account and put hands on trading
These are the instructions to verify your Binance account and get authorized to start operating:
From the user profile menu, pick "Security"
Or just look for the "Verify" button on the top of the screen
Click "Identification" on the left list of options.
Now you must select your country of residence.
You’ll will find 3 verification levels:
- The current one.
- The Verified.
- The Verified Plus.
To begin, press "Start now" located below the "Verified" level.
At this point, you must provide some personal data:
- Nationality.
- First Name and Surname.
- Second name and birth date.
- Residence address (exact).
- Middle name and date of birth.
- Second name and birth date.
Next, you’ll need to show a legal document to corroborate your identity.
ID card, passport or even a driver’s license are all valid documents to complete this condition.
In the next stage, you will have to take a selfie, following the platform’s instructions.
The final step will be carried out by the Binance system: a verification process that will just take a while.
So, wait patiently, Binance is going to let you know via e-mail as soon as your profile has been accepted.
Upon receiving that email it’s time to acquire Lobstex (LOBS), to do so see the instructions below.
Buying Lobstex (LOBS) on Binance
OK, account approved was all you needed to begin purchasing Lobstex (LOBS) immediately.
In this segment you’ll discover how easy is to convert cash into Lobstex (LOBS).
Now you’ll need to show a legal document to verify your identity.
You can do this with your passport, ID card, or driver’s license.
Follow the system guidance to take a selfie.
Now you’ll have to wait for a short period while an account verification process is performed.
Now you must wait until your request has been accepted. Be patient, Binance will send you an e-mail.
Congratulations! Once you’ve received the confirmation you’re officially enabled to buy Lobstex (LOBS). See the guidelines that follow.
Buying Lobstex (LOBS) on Binance
Now that you have subscribed to the platform and have your account confirmed, you can start trading.
In this segment you’ll realize how easy is to buy a Lobstex (LOBS).
Be aware that you may have more than one option for this process
To know which alternatives can be found when making a purchase, browse through the "Buy cryptos" menu on the Binance main page.
You should, of course, do that after you’ve signed into your account
Hovering your mouse pointer over this button will display a list of alternatives to make the purchase.
At this point, the Binance platform will ask you to use a legal document for identity checking.
passport, ID card or even a driver’s license will be enough to fulfill this requirement.
Now, you will have to take a selfie, following the application’s instructions.
After you have fulfilled the platform’s requirements, you will have to wait a moment for the confirmation to be applied to your account.
Now you must wait until your request has been accepted. Be patient, Binance is going to let you know via email.
The following instructions will guide you through the Lobstex (LOBS) purchasing process. As soon as you’ve got the confirmation e-mail, you’ve become a Binance licensed Lobstex (LOBS) trader.
Buying Lobstex (LOBS) on Binance
Now that you are registered on the Binance platform and got your account approved, you are OK to start trading.
Learning how to convert money into Lobstex (LOBS) is actually quite easy.
Be aware that you could have different options for this process
The "Buy cryptos" menu on the Binance homepage will be your reference when making a purchase.
Needless to say you must be logged into your account to be able to do this
Hovering your mouse pointer over this option will show a list of alternatives to make the purchase.
Learn how to use your credit or debit card for buying cryptos
What you must do to purchase the Lobstex (LOBS) you want using a credit card, should be to pick this method from the drop-down menu labeled "Buy Cryptos".
The following guidelines will help you in the process:
Currency preferred and amount of the investment must be indicated in the next box.
The the Lobstex (LOBS) you would like to purchase should be picked from the second field
The quantity of Lobstex (LOBS) you will receive will depend upon the amount of USD you’ve just specified. The Binance platform will immediately display it.
Next, just carry out the following directions:
Now you must select the currency you’d like to use and specify how much you want to invest.
The the Lobstex (LOBS) you would like to purchase should be chosen from the second field
Once you do so, the system will immediately display the number of Lobstex (LOBS) you’ll get, taking into account the amount of USD you’ve just stated.
Click on "Continue".
If you decided to pay with a credit card, go to the "Visa/Mastercard" field and click on the "Add card" option.
CC details must be completed in this step, then press "Next".
The credit card’s address must be specified next. Try not to miss a single character, since you must enter it exactly as it is, otherwise the card won’t be approved. Then press "Add card".
Click "Continue" after you check your card has been successfully added to your account as a new payment method.
Next, you’ll see a snapshot of the operation about to be completed. It includes the amount your card will be charged, the chosen currency and the amount of Lobstex (LOBS) bought.
Another important detail in this summary is the sum Binance will charge you as a commision for making the purchase.
Within the next 60 seconds press "Confirm", and then the order will expire automatically.
The following step has to be carried out on the credit card bank platform. Follow the directions in the same way you would normally generate a payment with your credit card.
When the banking process is complete, you will have your purchased Lobstex (LOBS) in your Binance digital wallet (referred to as the «Spot Wallet»)
Buy Lobstex (LOBS) through Binance P2P
Another option you may use to buy a cryptocurrency is to trade it
with another person. To get this done, the first step is to state the payment method you want to use.
Next, you’ll be presented an overview of the operation in its final stage. That includes the amount your card will be charged, the chosen currency and the amount of Lobstex (LOBS) purchased.
In fact, Binance will claim a small amount as a commission for making the purchase, and that will appear in that snapshot as well.
At this point you have 1 minute to press "Confirm", otherwise the order will be automatically aborted.
The system will now redirect you to the bank issuing the credit card. Follow the instructions in the same way you would normally pay with your credit card.
When the banking process is complete, you will get your purchased Lobstex (LOBS) in your Binance e-wallet (called the «Spot Wallet»)
Buy Lobstex (LOBS) via Binance P2P
This means «Person To Person», i.e.: trading Lobstex (LOBS)
with another Binance user. To accomplish this, the first step is to specify the payment method you wish to work with.
- Go to your profile and choose "Security".
- Select "Payment" from the menu on the left.
- After Selecting "Add a Payment Method" the platform will guide you through the rest of the procedure.
After you have included the new payment method to your profile, go to the "Buy Crypto" menu (top part of the display), find the "Trading P2P" button, and follow the directions below:
- On the upper bar of the "P2P Account" menu, select "Buy"
- This bar shows the list of Lobstex (LOBS) available for purchase through P2P trading. Pick the one you want, for this exercise we will use «USDT» as an example.It is important to note that when you purchase one of these cryptocurrencies in P2P trading, you’ll be able to exchange it for any of the currencies that operate on the Binance platform.
- Select the local currency you want to use from the drop-down list under the "Fiat" label, for example, «VES».
- Now you need to type the amount in VES you’re going to use in the "Amount" box.
- Once you have defined the method of payment, the platform will show you a list of traders’ ads.
- Select a trader from the displayed list. We recommend that you pick one that is verified and has a high completed sales rate.
- Click on "Buy USDT"
- Enter the amount in VES you wish to pay
- Press "Buy USDT" once again
- A buying order has been generated and the trader and you will be able to contact each other for further details, if needed. You have a time limit to complete, otherwise the order will be canceled by the system (and that’s bad for your rating as a buyer). Once you have paid, press "Transferred, Next" and then press "Confirm".
How to transfer your Lobstex (LOBS) to the Spot Wallet
When you have completed a payment to the trader, they may release the Lobstex (LOBS), just by confirming payment reception.
You may verify your wallet Binance balance to confirm reception.
Nonetheless, you will need to move them to your Spot Wallet in case you would want to buy another cryptocurrency.
That’s easy: just press "Transfer to Spot Wallet" immediately after the purchase order is completed.
In case you didn’t follow this step, don’t fear, you can move the cryptos at any other moment.
Learn how to transfer your Lobstex (LOBS) to the Spot Wallet
When you have made a payment to the seller, they are going to release the Lobstex (LOBS), just by confirming receipt of the payment.
So, they will immediately be added to your account balance.
Nonetheless, you will need to send them to your Spot Wallet in order for you to buy any other cryptocurrency.
That’s quite simple: just click on "Transfer to Spot Wallet" once the purchase order has been completed.
If you didn’t follow this step, don’t fear, you can do it later.
- Click on "Wallet Funds" from the "Wallet" drop-down list.
- The "Transfer" button is located on the upper right area of the navigator window. Click on it.
- Change the «From» and «To» options on the pop-up window to:
- From: «Funds»
- To: «Fiat and Spot»
- Select the currency in which you have funds, in the example in this article we use «USDT»
- Input the amount you are transferring for the Exchange and press "Confirm".
Perfect! Now you have money available to buy any of the numerous Lobstex (LOBS) in the Binance platform.
To buy Lobstex (LOBS) from Binance all you have to do is described below:
- In the top panel, select the "Trading" menu.
- In the list choose the "Convert" alternative.
- Fill in the box the sum of «USDT» you would like to invest.
- Now mark the crypto you’re interested in.
- Select "Preview conversion".
- Validate the operation and that’s all. You now will have the funds of the chosen cryptocurrency in your Spot Wallet.
That’s all! Now you will have money in the Spot Wallet and you will be able to trade any of the numerous Lobstex (LOBS) within the Binance platform.
Buy any cryptocurrency from the Binance platform just following the steps detailed next:
- Select the "Trading" menu in the top top panel.
- From that listing select the "Convert" option.
- Fill in the box the amount of «USDT» you would like to invest.
- Choose the crypto you intend to get.
- Choose "Preview conversion".
- Validate the operation and that’s it. Now you will have the funds of the chosen cryptocurrency in your Spot Wallet.
This article have surely pictured you a wide vision of what Binance is and how you can trade Lobstex (LOBS) on it.
The future of money trading relies on Lobstex (LOBS)., and Binance is a secure and practical environment to do business. Begin right now!