How to Buy LSK (Lisk)
Looking for crypto assets that could power new kinds of internet applications? If so, Lisk’s cryptocurrency, LSK, may be a compelling addition to your portfolio.
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.
Ready to dive in?
If you just want to start buying LSK right away, click the button below to begin.
Why buy LSK?
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.
You may want to consider buying LSK if you want to:
- Create or operate decentralized applications
- Diversify your long-term investment strategy
- Execute smart contracts on the Lisk blockchain
- Play Lisk-based games or use Lisk-based applications
Where can I buy LSK?
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.
How much LSK can I buy?
Looking to buy LSK on a budget? Don’t worry, Kraken offers a minimum order size of 10 LSK, meaning you can start buying LSK with a little under $12, or 10€.
Of course, you can also execute larger LSK buy orders as well. It wouldn’t be out of the ordinary for larger traders to purchase or trade 100,000 LSK or more on Kraken.
How to buy LSK on Kraken
Follow the steps below to start buying LSK on Kraken:
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.
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.
Deposit fiat currency.
You can fund your account in a number of ways. How you do so will depend upon your location and preferences.
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 margin trading, features that help make the Kraken experience beloved by millions of global traders.
24/7/365 Customer Support
Trading is really pretty simple! If you have any questions about buying LSK, let us know. Our support staff is online all day, every day, ready to help.
You can reach us anytime on LiveChat or by email.
Where to keep your LSK
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 and paper 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.
Kraken is not a wallet service
It is important to note that Kraken is an exchange service and not a wallet service. So while we allow our clients to hold LSK in their accounts, we highly encourage you to separate your LSK holdings into multiple wallets.
Start buying LSK
Ready to explore the frontier world of dapps? If so, click the button below to buy LSK on Kraken today!