How to Buy Lisk (LSK)

In fact, Lisk’s goal is to bring about this future by helping today’s developers more easily code decentralized applications (dapps). Rather than using its own programming language, Lisk allows developers to use already popular options like Javascript and Typescript instead.

Still, if you’re looking to create or use Lisk dapps, you’ll need to first buy LSK. 

Not sure if LSK is right for your portfolio? Our ‘What is Lisk?’ guide offers a more extensive breakdown of its technology and vision. 

To date, there are a variety of dapps that have been built on Lisk.

Some examples include a bicycle sharing marketplace, an app used to validate and control event attendees as well as a variety of decentralized games, including roulette and dice games. 
 

There are a number of ways to buy LSK. However, many find that it is easiest to purchase it through a trusted global exchange like Kraken. 

Aside from offering the lowest fees in the industry, Kraken is constantly rated one of the most secure and trusted crypto exchanges in the world. This matters because if you lose the private key to your LSK, it can be challenging if not impossible to recover your funds. 

At Kraken, we take security seriously, with tested technology and rigorous procedures designed to safeguard funds. We don’t cut corners when it comes to security, and neither should you.

Follow the steps below to start buying LSK on Kraken: 

1. Sign up for a Kraken account.
   First, enter a valid email address, create a new username and set a strong password to protect your account.

2. Verify your account. 
   After providing your name, date of birth, country of residence and phone number, you can buy LSK with cryptocurrencies like BTC and LTC. In order to use fiat currency (i.e. USD or EUR), you’ll need to provide our experts with additional supporting documents verifying your identity. Read about our verification processes here.

3. Deposit fiat currency.
   You can fund your account in a number of ways. How you do so will depend upon your location and preferences.

4. Purchase LSK!
   Once your account is funded with fiat, you’re ready to purchase LSK. At this point, you’ll also gain access to our advanced charting tools, 24-hour global client support and the ability to utilize spot trading on margin*, features that help make the Kraken experience beloved by millions of global traders.

*Availability of margin trading services is subject to certain limitations and eligibility criteria.

Once you buy LSK, you’ll need somewhere to safely store your cryptocurrency. 

Kraken is secure, but it’s always safest to store your LSK in a wallet, a software or hardware device that stores the public and private keys required to make crypto transactions.

There are many types of LSK wallets available. Mobile and web wallets can make transactions easy, while hardware wallets are perhaps best suited for secure, long-term storage. 

When choosing a crypto wallet for your LSK, first spend some time thinking about what you plan to do with your tokens to find a wallet that fits your needs.

Ready to explore the frontier world of dapps? If so, click the button below to buy LSK on Kraken today!