Last update: Jun 6, 2022

How to Buy Lisk (LSK)

So you’re looking for a guide on how to buy Lisk. Depending on where you’re based, you’ll have different cryptocurrency trading platforms to choose from.

In this guide, we not only cover the top 3 global cryptocurrency exchanges, but also the best exchanges for Australia, Canada, and the UK.

Let’s get started!

How to Buy Lisk – 4 Easy Steps

1. Choose a crypto exchange

Finding a cryptocurrency trading platform isn’t that hard. There are plenty of big players out there that have been around for quite some time.

This is where our comparison tables can help. The important factors to look for are fees, security, and if they have Lisk of course.

2. Sign up with the cryptocurrency exchange

Signing up with any of the major exchanges is generally very easy. The initial sign up should be very fast, and even the verification processes are very well set up these days.

3. Fund your account

Next, you would need to fund your account with either fiat money (USD, AUD, GBP, CAD, etc) or another cryptocurrency like BTC or ETH. This process should again be straightforward and easily done using one of the bigger cryptocurrency exchanges.

4. Buy Lisk

Now that you have what you need to buy Lisk, head over to the market or buy section of the cryptocurrency exchange and buy some LSK.

If the crypto exchange doesn’t have any Lisk on offer, for most cryptocurrencies you can buy Ethereum instead, transfer it to a decentralized exchange like Uniswap (check if Uniswap has Lisk first), and trade your Ethereum for Lisk.

Where to Buy Lisk (LSK)

These are our top 3 exchanges based on the number of cryptocurrencies on offer, security, ease of use, and fees.

Disclaimer: Cryptocurrencies are volatile and may involve a lot of risk. Their performance is very unpredictable and past performance is no guarantee of future performance. Consult a financial advisor or obtain your own advice independent of this site before relying and acting on the information provided.

How to Sell Lisk

1. Sign into the crypto trading platform where you bought Lisk.
2. Move your Lisk to the right place on the cryptocurrency exchange. Some exchanges have trading accounts you need to use for buying and selling.
3. Sell Lisk.

 

How to Buy Lisk (LSK) in Australia

Looking at Australian crypto exchanges, it's always good to check if the exchange is registrered with AUSTRAC (Australian Transaction Reports and Analysis Centre). In addition, it would be handy if the exchange has integrated with POLi pay and PayID for instant AUD deposits.

If you’re looking to buy Lisk in Australia, the process remains the same:

1. Find a crypto exchange below.
2. Sign up for an account.
3. Fund your account with AUD.
4. Buy Lisk if it’s available. If the exchange doesn’t have Lisk. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has Lisk), and trade your ETH for Lisk.

If you’d like to learn more about the exchanges we prefer, read our comparison of the cryptocurrency exchanges in Australia.

How to Buy Lisk (LSK) in Canada

When researching Canadian crypto exchanges, make sure they're registered with FinTRAC (Financial Transactions and Reports Analysis Centre of Canada) and ideally support Interac e-Transfer (in addition to wire transfer and maybe credit cards) for smooth CAD deposits.

If you’re looking to buy Lisk in Canada, the process remains the same:

1. Find a crypto trading platform below.
2. Sign up for an account.
3. Fund your account with CAD.
4. Buy Lisk if it’s available. If the exchange doesn’t have Lisk. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has Lisk), and trade your ETH for Lisk.

Alternatively, if you want to learn more about the exchanges we prefer, read our comparison of the best bitcoin trading platforms in Canada.

How to Buy Lisk (LSK) in the UK

We recommend only looking at UK cryptocurrency exchanges that are registered with the FCA (Financial Conduct Authority). As for GBP deposit methods, the top exchanges should support FPS transfers (Faster Payments Service) and ideally credit/debit cards.

If you’re looking to buy Lisk in the UK, the process remains the same:

1. Find a crypto trading platform below.
2. Sign up for an account.
3. Fund your account with GBP.
4. Buy Lisk if it’s available. If the exchange doesn’t have Lisk. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has Lisk), and trade your ETH for Lisk.

You can also take a look at our analysis of the best bitcoin trading platforms in the UK If you’re curious to know more about which exchanges we would recommend.

Considering buying Lisk? LSK Rundown

Lisk aims to bring 100,000,000 people into crypto and web3 through an accessible blockchain platform and an industry-leading JavaScript SDK.

The Lisk SDK was released in 2019. It allows developers to create application-specific blockchains using JavaScript, which is the most popular programming language in the world. For a deeper dive into the Lisk SDK please visit the Lisk SDK document or view Lisk.js 2019 or Lisk.js2022.

The Lisk blockchain platform will be available in 2022. It allows interoperability among all application-specific Blockchains that are built with the LiskSDK. In other words, Lisk will allow users to use DeFi and NFT blockchain applications.

You can better understand the importance of Lisk by watching these videos: The Case For Lisk, and The Ultimate Vision For Lisk.

Looking back on Lisk is a great way to learn more about Lisk's journey and history.

Lisk Foundation is the non-profit entity that manages the Lisk project. It is based in Zug, Switzerland. Under the supervision of Eidgenossische Stiftungsaufsicht, the Swiss Federal Foundation Supervisory Authority, a local team of experts in finance and law, ensures proper handling of funds as well as regulatory compliance.

Lightcurve GmbH is a Berlin-based blockchain studio that developed the Lisk products. Lightcurve has over 40 blockchain professionals working together to develop and promote the Lisk SDK as well as the Lisk blockchain app platform.

Accessibility - Lisk believes accessibility is an integral part of its vision. Lisk believes that everyone should have access not just to the elite or technical people, but all citizens of the world. This vision is evident in everything Lisk does and the products they create.

Proven & established - Lisk was founded in 2016 and is one of the most well-known crypto projects. They have demonstrated that they are able to work diligently and continuously on the project, with one of the highest levels of development in industry and high-funding to last many years.

Chains that are specific to each application - Developers are now implementing blockchain applications on their own blockchains with the Lisk SDK, instead of relying upon smart contracts. This avoids high fees and scalability, but maintains composability through interoperability.

JavaScript - The Lisk SDK uses JavaScript, instead of using niche and archaic programming languages or unproven ones.

Lisk is protected by an efficient and environmentally friendly Delegated proof-of-Stake algorithm, and the finality-guaranteed BFT protocol. The entire network's electricity consumption is reduced without the use of miners, while still ensuring security and high-throughput.

Lisk's test coverage and industry-leading standards have ensured smooth operation since May 24, 2016. Third-party security audits enhance trust and reputation.

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