How to Buy Bitcoin (BTC) with Lum Network (LUM)
To purchase Bitcoin using Lum Network, firstly, look for a cryptocurrency exchange that supports the BTC/LUM trading pair. Make an account, verify your identity, and deposit your LUM into your exchange wallet. Find the BTC/LUM pair on the trading platform and place an order to exchange your Lum Network for Bitcoin. If the BTC/LUM pair is not available, you can initially exchange Lum Network for a stablecoin like Tether (USDT) or a fiat currency, then trade that for Bitcoin. Keep in mind potential exchange fees, which vary by platform and can affect the total cost of your transaction.
How to Sell Bitcoin (BTC) for Lum Network (LUM)
To sell Bitcoin for Lum Network, firstly, find a cryptocurrency exchange that supports the BTC/LUM trading pair. Create an account, verify your identity, and deposit your BTC into your exchange wallet. Locate the BTC/LUM pair on the trading platform and place a sell order to exchange your Bitcoin for Lum Network. If the BTC/LUM pair is not available, you can first sell Bitcoin for a stablecoin like Tether (USDT) or a fiat currency, then trade that for Lum Network. Be mindful of potential exchange fees, which differ by platform and can affect the total amount you receive.
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