Why do cryptocurrency prices spike after exchange listings?
A post by Evelyn Soto
To buy Bitcoin using Lumos, first, find a cryptocurrency exchange that supports the BTC/lumos trading pair. Create an account, verify your identity, and deposit your lumos into your exchange wallet. Locate the BTC/lumos pair on the trading platform and place an order to exchange your Lumos for Bitcoin. If the BTC/lumos pair is unavailable, you can first exchange Lumos for a stablecoin like Tether (USDT) or a fiat currency, then trade that for Bitcoin. Be mindful of potential exchange fees, which vary by platform and can affect the total cost of your transaction.
To sell Bitcoin for Lumos, first, find a cryptocurrency exchange that supports the BTC/lumos trading pair. Create an account, verify your identity, and deposit your BTC into your exchange wallet. Locate the BTC/lumos pair on the trading platform and place a sell order to exchange your Bitcoin for Lumos. If the BTC/lumos pair is unavailable, you can first sell Bitcoin for a stablecoin like Tether (USDT) or a fiat currency, then trade that for Lumos. Be mindful of potential exchange fees, which vary by platform and can affect the total amount you receive.
A post by Evelyn Soto
A post by William Parvez