How to Buy LGCY Network (LGCY) in 2022: A Simple Guide

LGCY Network (LGCY)In this guide you’ll get information about where to buy LGCY Network, if you are planning to buy LGCY token – You’re in the right place!

Unlike proof of work that takes a lot of energy and resources, proof of stake is an ingenious and scalable solution. However, there is a major flaw in the governance system. As investors who have the most tokens will be able to direct the project to how they see fit.

LGCY Network is working to solve that problem. Using the Libertas Protocol, this project encourages more community participation. The project lowers the supply to 21 billion total tokens. They put 33% of total tokens for the governance system that they call the community trust initiative. This token is also available as a payment option for the travel and hotel booking website, travala.com. Those who buy LGCY Network (LGCY) can rest assured that their investments are for the community’s benefit.

LGCY Network (LGCY) Features

  • Community Trust Initiative: This initiative puts 33% of the total token on perpetual stake. This allocation works as a fund to support the governance system. Everyone who holds LGCY tokens can apply to be part of the governance bodies. 27 accounts that have the most votes will be divided into the legislative bodies, judiciary bodies, and executive bodies. The trust will grant tokens to several chosen developers to support their projects.
  • LGCY Virtual Machine (LVM): The LGCY Virtual Machine is a lightweight virtual machine with complete Turing calculation. The VM is compatible with Ethereum and Tron Virtual Machine. It uses the same energy concept as other VMs. However, LVM doesn’t charge any fees for the transactions and executable contracts. Developers can build their Apps using the VM’s all-in-one interface.
  • Multi-chain bridge: The project has Supernova Mainnet as their main chain. And soon after the launch, the project will move there to be a separate blockchain. The project is keeping a bridge to Ethereum and USDL for transactional purposes.
  • Payment usage: For the time being, users can use their LGCY tokens to book flights and hotel rooms on Travala.com. Users only need to select the room, fill in details, and choose LGCY or USDL as their payment method.

Where to Buy, Sell and Trade LGCY Network aka LGCY

You can basically use debit card, credit card, or even PayPal to buy the LGCY Network (or any other cryptocurrencies). However, the transaction won’t be direct. It’s not like you pay with cash and you get the LGCY Network as the exchange.

With cryptocurrency, things are different. You need to use debit card or credit card to buy  Tether first. After you get the ETH or BTC or USDT, you can convert it to LGCY Network. It takes several stages and processes. You need to gain access to the reputable cryptocurrency exchange first to make sure that everything is safe and sound.

In general, the process would be:

  1. You go to the online exchange and buy the Ethereum (ETH), Bitcoin (BTC), or Tether (USDT)
  2. Find a crypto exchange that supports LGCY Network currency and exchange your Ethereum / Bitcoin / Tether with the LGCY Network
  3. Store your LGCY Network to a secured wallet

Step 1: Buy Bitcoin (BTC) or Ethereum (ETH) or Tether (USDT)

There is no better way to get started with cryptocurrencies than aiming high for the big boys. You have to buy your first shares of Bitcoin or Ethereum by creating an account at COINBASE. The best to do so is by creating a confirmed account in the platform and explore your options.

The site will ask for some basic information about yourself, make sure to tell the truth. Otherwise, you could face withholding of your investment. Make sure to type your name, your e-mail, and your password correctly. The stronger your password is, the safest your money will be. You will be asked to check your status as a living being using a re-captcha box and to agree to the terms of use of the platform.

Get $10 Bonus when you sign up for Coinbase!

coinbaseClick here to register (opens in new tab)

  • You will be asked to through the process of confirming your e-mail address as well as verifying your identity. It would be best if you went through that procedure at once to avoid any issues before putting money on the platform. Coinbase will ask for personal information such as your home phone number, your address, and proof of your identity using an official document such as a passport or a driver’s license.
  • Keep in mind that Coinbase takes some time to verify your ID, but once your account is verified, things can move forward on your end. By confirming your identity, you will have better security on your account, and the people working at Coinbase will be able to help you with easy on any issue you face. You will also be able to trade larger numbers of money on your transactions as well as other perks related to the trading information the goes inside the platform.
  • You can also manage your payment options. As we mentioned previously, the sites make it very easy to handle FIAT money to pay for the altcoins you want to have in your portfolio. You can check in your bank account to make direct deposits or withdrawals. While this method is excellent, it takes at least two days to verify it on Coinbase’s end. You can also register your credit cards, debit cards, and even your PayPal account in the buy/sell link located on the top menu.

That’s the first step in buying LGCY Network, once you get your Bitcoin or Ethereum or Tether, you can continue to the next step.

Step 2: Choosing the Best Cryptocurrency Exchange for Your Investments

After you have your Coinbase account, you need to choose a cryptocurrency exchange to make your deals, then you need to transfer your newly purchased BTC or ETH or USDT from your Coinbase wallet.

With so many options out there and so many unbalanced reviews across the internet, it can be quite challenging to choose the right exchange service. Since we are looking out for you and we are interested in making you win money as well, we have taken the liberty of picking ten of the best ranking exchanges you can contact on the internet. For the sake of transparency, we can tell you that our operations keep running each time you click on these recommendations.

These are the best exchanges we can recommend for you to exchange BTC or ETH or USDT with LGCY Network:

GATE.io
gate.ioGate.io is a crypto exchange service that is part of Gate Technology Inc. Gate.io is registered in Virginia, United States, and founded in 2017. They only handle transactions using cryptocurrencies, so you won’t find Fiat options with them. Since they work with the best ranked digital assets in the industry, they can average up to $48million in transactions.

  • Deposit Methods: Cryptocurrency Only
  • Fiat Currencies: N/A
  • Supported Cryptocurrencies: BCH, EOS, TRX, ONT, ETH, BTC, BTM, AE, OCN, ADA, IHT, XRP, ETC, NAS, LTC, & over 1040+ more
  • Trading Pairs: 1801+

IMPORTANT! Once you are registered to the crypto exchange above, Go back to COINBASE and send your Bitcoin/Ethereum/Tether to your new exchange. Find the LGCY/BTC or LGCY/ETH or LGCY/USDT trading pair and then place the order to buy those pairing cryptocurrencies.

Most likely you’ll find this pair available to you LGCY/USDTso you need to convert your BTC or ETH to USDT first in order to buy LGCY Network (LGCY)

Step 3: Managing Your Crypto Assets in a Secure Wallet

As your portfolio of crypto assets expand, you will need to have a crypto wallet to keep your goods safe. There are thousands of service providers on that end, and choosing the right one would take an entirely new guide to share some knowledge about this topic.

You can install one of these wallets in your hardware. That way, you can keep your currencies in your devices, such as your desktop or laptop. If you prefer, you can also use an online wallet to keep your holdings safe on the internet.

There are also options to have mobile wallets installed on your smart device, but most of them are lacking in the space department. The final option would be a paper wallet, which is nothing more than a euphemism to get an official legal document that states the content of your wallet and the keys to gain access to them.

For Securing your LGCY Network (LGCY) We recommend you to use hardware wallet which support many cryptocurrencies – Choose between these two: Ledger or Trezor

ledger nano x

LEDGER NANO-X: Securely trade on-the-go and manage a large number of assets at the same time, with only one device.

  • Secure
  • Mobile Friendly
  • Easy to Manage
  • Supported Coins: 1200+

trezor model t

TREZOR MODEL-T: The next-generation cryptocurrency hardware wallet, designed to be your universal vault for all of your digital assets. Store and encrypt your coins, passwords and other digital keys with confidence.

  • Invented for your digital independence
  • keeps your keys safe
  • Easily back up your entire wallet
  • Supported Coins: 1093+

Frequently Asked Questions (Faqs)

Can I Buy LGCY Network (LGCY) with PayPal?

You won’t be able to buy this directly with PayPal. If you are going to use PayPal, you need to buy Bitcoin or Ethereum first and then exchange it with the LGCY Network. You can use LocalBitcoins to find BTC or ETH seller who accept paypal as payment.

Can I Buy LGCY Network (LGCY) with Cash?

You can’t buy it directly, you need to get bitcoin/ethereum first. buying BTC or ETH with cash you can do the following:

  • Make sure you have a BTC / ETH wallet before you buy from seller
  • Go to LocalBitcoins and find person in your area who sells bitcoin/ethereum and accept cash.

Can I Buy LGCY Network (LGCY) with Skrill?

You can’t buy LGCY directly with skrill but you can buy Bitcoin/Ethereum first using Skrill and exchange it later to LGCY Network. You can buy BTC/ETH with skrill by using these exchanges::

  • LocalBitcoins
  • Paxful
  • Virwox
  • SpectroCoin
  • Lykke
  • Exmo
  • Coingate

Can I Buy LGCY Network (LGCY) with Bitcoin?

Yes, you are basically exchanging your Bitcoin with this. Just head to any exchanges listed above, find trading pair LGCY/BTC and begin the transactions.

Can I Buy LGCY Network (LGCY) with Ethereum?

Yes, the process is similar to using Bitcoin: Find a criptocurrency exchange which support LGCY/ETH trading pair.

What Is the Best Payment Method to Buy LGCY Network (LGCY)?

The cheapest way is to use bank account to buy Bitcoin or Ethereum or Tether first or to buy the LGCY Network right away. The fastest way is to use a credit card but you will then be charged higher fees.

How to Protect LGCY Network (LGCY)?

Once you have purchased the LGCY Network, transfer it to your wallet. We recommend using hardware wallet, here are some recommendations:

Ledger Wallet

Trezor Wallet

 

 

 

 

 

 

How to Sell LGCY Network (LGCY)?

Find a crypto exchange which allow pairing LGCY with BTC or ETH or USDT – convert it back to Bitcoin or Ethereum, then sell your BTC or ETH for a fiat currency.

Can I Mine LGCY Network (LGCY) and Not Buying It?

You can’t mine this actually. It has a completely different network and structure than the regular Bitcoin. The only way to own a LGCY Network is to buy it from a reliable exchange.

Conclusion

LGCY Network is a dAPP that can connect to multiple chains. This project puts community building as the main focus. 33% of the total tokens are staked forever to support the governance, in addition to continuous USDL rewards. Utilizing the Libertas protocol, LGCY Network aims to be the most decentralized App. The project also provides secure and fast multi-chain transactions. Investors who buy  LGCY Network (LGCY) tokens will be a part of a network that puts the community first.

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