How to buy Lisk with Giropay on bitFlyer
While Bitcoin is the original and most popular cryptocurrency, there are alternative coins that make equally smart investments. One of them is Lisk.
Lisk is an open-source project focused on blockchain accessibility. It aims to be an "ecosystem that offers everyone the opportunity to benefit from blockchain technology through developer tools, cryptocurrency wallets, and a vibrant community". However, this isn't the most interesting part.
The core of Lisk's blockchain runs on a unique consensus algorithm, which is responsible for the creation of new coins. In contrast to Bitcoin, only selected candidates with a reputation in the community can mine new coins. Users can vote for each candidate with their altcoins, and if the system chooses them, you get a percentage of the Lisk they find. As a result, your money works for you. In order to vote for a candidate, you first need to obtain tokens used for voting..
In this page, you’ll learn how to buy LSK with the help of bitFlyer and Giropay. Let's talk a bit about why we picked this combination.
Advantages of buying Lisk (LSK) with Giropay
GiroPay is a German online payment method based on online banking. Founded in 2005, the payment service was processing 100 million euros worth of operations annually after just two years of opening its doors. Today, more than 1,500 banks are connected to it, and it's popularity only continues to grow. GiroPay works as an intermediary between the merchant and the bank, allowing users to pay using direct transfers from their bank accounts.
A Giropay payment is similar to a standard bank transfer, but unlike the last one, it's instant! Besides it is an attractive option for those who are conscious about the safety of data and don't wish to enter their credit card details online.
To use Giropay, customers need a bank account that allows online banking and has PIN and TAN (Transaction Authentication Number) set. The service also supports the use of two-factor authorization for greater protection.
On bitFlyer, each time a customer wants to buy Lisk with Giropay, they are redirected to Giropay's interface and fill the required info. Next, the funds used for your purchase will be instantly transferred to us.
Steps to buying Lisk (LSK) with Giropay on bitFlyer
To buy Lisk (LSK) on our site, first, you need to check the ability to conduct transactions with Giropay in your country. It’s worth noting that GiroPay is primarily a German facing operation, and banks from other countries do not always support this service.
You also need a verified bitFlyer account, and registration takes 5 minutes or less. You will need to specify email, your contact phone number, as well as some personal data in order to comply with regulatory KYC policies.
If your bank is compatible with Giropay and your account has been verified, then you’re ready to buy Lisk. To do this:
- Click on the Instant Buy tab on the left side of the menu.
- Select the desired cryptocurrency (in that case, Lisk) and indicate the amount of Euros you would like to invest. The current Lisk price will be displayed right there.
- Choose Giropay as your preferred payment method. Our system will then generate an invoice.
- Click Continue after reading terms and conditions. Using Giropay, you will be redirected to its website. Follow instructions on it to complete the transaction.
- As soon as the transaction is confirmed, your cryptocurrency will instantly arrive in your bitFlyer trading account. Now you can use it at your discretion.
Other methods of buying Lisk (LSK)
If you have already visited the Instant buy section or were interested in topping up your account on bitFlyer, then you probably saw an impressive list of different methods for buying crypto available on our site. You can also buy Lisk with other online payments systems like iDeal and Sofort as well as credit or debit Mastercard and Visa cards. Those who prefer a more traditional approach can replenish their account using a classic SEPA transfer.