In this brief guide, we will cover the easiest way to buy and sell LBC to avoid all the stress and extra work of going through an exchange. I recommend using any swap exchange that offers LBC as a trading pair, though I use Simpleswap myself.
You can watch the video here: https://lbry.tv/@HowToLBRY:e/trade:c
When you go to Simpleswap, you want to pick the currency you are sending and the one you want to receive. In the case of buying, LBC is the second one listed, and the first when selling. You need a minimum of 1100 LBC to sell on Simpleswap so if you have less, you will need to use an exchange. If you are buying, the last minimum was 0.25 ETH. Depending on whether you’re buying or selling, you will take the address you want to receive the tokens on and paste it in the address form beside submit, then submit. An order will be created, and they will give you a one time address to send your crypto to. Once completed you will see the process go through it confirms, exchanges, and sends you your funds.
To send funds from LBRY, go to your wallet then click send credits under your balance, input the receiving address and the amount to send. To receive, copy your address from the “Your Address” button under your balance.
If you’d like to see me cover trading on the separate exchanges that offer this as well, please let me know though I recommend swap exchanges and use them myself because the fees for withdrawals etc. usually end up being the same, but the swap exchange is much easier and faster.
I hope this helps you learn the inner workings of LBRY and give you the tools, tips, and tricks you need to succeed in your ventures here. Please comment on any video or on the channel any topics you’d like to see that isn’t listed or anything you need help with!