Ultimate guide on how to
buy Bitcoin on Lykke

Step by step overview on how to buy Bitcoin on Lykke

Lykke is a Swiss-based trading platform providing broker and trading services for clients. This exchange is powered by blockchain allowing you to trade all possible asset pair types such as Fiat FX to Fiat FX, Fiat FX to Crypto, and Crypto to Crypto.

Here are the instructions on how to start buying your first Bitcoin on Lykke.

  1. Sign-up an account on Lykke
  2. Verify your Lykke account on mobile
  3. Backup your Lykka Wallet
  4. Fund your Lykke account
  5. Start trading on Lykke

1. Registering an account on Lykke

Access the exchange site by clicking here.

Click on the ‘Get started’ box located at the upper-right hand portion of the page.

lykke_register

Type in your email and click on the captcha box. Click the ‘Sign-up’ box to confirm.

lykke_register

You will receive an email notification from Lykke. Go to your Inbox and copy the confirmation code.

lykke_register

Go back to the Lykke registration page and paste the code. You have the option to resend it when needed. Otherwise, click on the ‘Submit’ box to continue.

lykke_register

Next, create your Lykke password and retype it. Take note of the password requirement.

Click on the ‘Submit’ button to proceed.

lykke_register

Type in your full name and click on the ‘Submit’ button to complete creating your profile.

lykke_register

You will know that your profile has been created when you see the green check mark confirmation.

lykke_register

You will receive another email confirmation informing that you have completed the sign-up process.

lykke_register

Nice work! You now have created a Lykke account.

 

2. Verifying your Lykke app on mobile

Downloading Lykke on your mobile phone is highly recommended because the trading process for Lykke requires you to sign in and connect using your mobile device. You are unable to trade using your computer.

Go to your phone’s App Store and download Lykke.

The example below is the Andriod version.

lykke_mobile

Enter the email address that you’ve registered and click on ‘Sign in.’

lykke_mobile

Type in your full name, country, and your mobile phone number. Click on ‘Next’ to continue.

lykke_mobile

You will instantly receive the code through SMS. Type it in and click on ‘Next.’

lykke_mobile

This time, you need to create a PIN. Do not lose it.

lykke_mobile

Re-confirm it.

Generate the private key by swiping from left to right on the dotted area of the screen.

lykke_mobile

You have secured your Lykke account. Way to go! 

 

3. Backing up your Lykke Wallet

After setting up security measures, you need to back up your Wallet. This way, you can restore your account if you need to install Lykke on another device or lost your password.

To do this, click on the ‘I’m ready to write’ button.

lykke_mobile

You will be provided with twelve words. Make sure you write and keep them.

To go to the next word, swipe from right to left.

Click on ‘Next’ once done.

lykke_mobile

Type in all twelve words as instructed and click on the ‘Submit’ button.

lykke_mobile

You will be notified that the backup process has been completed.

lykke_mobile

Well done! Backing up your Lykke Wallet is completed. 

 

4. Funding your account on Lykke

Go to the Trading Wallet screen to start depositing funds on your Lykke account.

The Total Capital shows zero and progresses as you start funding your account.

If you prefer to deposit through Fiat, click on the blue plus sign next to the currency of your choice.

lykke_fund

You can use bank transfer, credit card, or cryptocurrencies. It depends on what you like.

lykke_fund

Type in the amount and the fee auto-calculates.

You can access here for more details about the fees.

Enter your information and click on the ‘Checkout’ box to proceed.

lykke_fund lykke_fund

If you prefer to deposit using Bitcoin, click on the blue plus sign next to it. Let’s use BTC in this example.

lykke_fund

Click on the ‘Payments & Transfers’ box.

lykke_fund

Select on ‘My blockchain deposit address.’

lykke_fund

You can send Bitcoin from your wallet to the address that will pop up once you select the “Deposit” option.

Each wallet address is unique. You can’t use the address in the example below.

lykke_fund

If you’d like to deposit using Fiat, you need to complete a couple of steps called KYC or Know Your Customer.

lykke_fund

Next is to attach your document. For identification purposes, upload either your passport, ID or Driver’s License.

lykke_fund

You need to upload one photo for each document and a selfie.

lykke_fund

You will receive an email regarding the status of the process once your information is reviewed.

Click on the ‘Close’ box once done.

lykke_fund

It normally takes a couple of business days for the confirmation process to finish.

You’re on the right track now! Your account is funded. 

 

5. Trading Bitcoin on Lykke

Once you have funded either Fiat or Bitcoin on your Lykke account, you can start trading.

From the Trading Wallet screen, you can view and select currencies and or cryptocurrencies. Just select the blue plus sign next to your choice.

lykke_trade

You will be routed back to the ‘Order’ page. Look for ‘Trading’ and click on ‘Buy.’

Your purchase will be saved in your Lykke Wallet.

Pending orders are seen under ‘Orders.’

Go to the Lykke Wallet menu and select on ‘History’ option to check your transactions.

Congratulations for earning your first Bitcoin on Lykke!

Transferring Bitcoin from Lykke to other exchanges.

Transferring Bitcoin from Lykke to wallets.

Which Cryptocurrency do you want to buy, transfer or store?

Trading and investing in digital assets is highly speculative and comes with many risks. The analysis/stats on CoinCheckup.com and it’s subsites are for informational purposes and should not be considered investment advice and or the truth. Statements and financial information on CoinCheckup.com and it’s subsites should not be construed as an endorsement or recommendation to buy, sell or hold.

Please do your own research on all of your investments carefully. Scores are based on averages of third party websites.  Past performance is no indicative of future results. Read the full disclaimer here.