This is a short guide to safely buying ETHLend (also known as LEND coin) on the Kucoin exchange.
What is ETHLend
Democratizing Lending Fully decentralized peer to peer lending on the Ethereum Blockchain
LEND Token Details
Total Supply: 1,299,999,942
Circulating Supply: 1,012,907,733
Step 1 – Register at Kucoin
To buy the token, you first need to sign up at Kucoin.
First go to Kucoin.
Next you need to click on the “Sign up” link.
Go ahead and Register at Kucoin by adding your personal details.
To sign up for Kucoin you’ll need a valid email address and create a secure password.
Step 2 – Activate Your Kucoin Account.
You’ll be asked to activate your account before you can log in on Kucoin.
Go to the email you entered and click on the link sent by Kucoin to complete the registration process.
You may need to check your spam folder.
We strongly recommend you set up 2 factor authorization (2FA) on your account.
Step 3 – Log On to Your New Kucoin Account
Go back to Kucoin and use your new account details to log in.
Step 4 – Fund your Kucoin Wallet.
Before you can buy your new tokens, you need to have funds in your Kucoin wallet.
Note that you can’t send fiat currency direct to Kucoin. Instead you need to send your favorite crypto (we recommend ETH or LTC due to low transaction costs and fast transfer times).
The easiest way is to buy crypto at Coinbase.com then send it to Kucoin.
How to Buy Bitcoin at Coinbase
You now need to find the deposit address for the specific type of crypto you are transferring over from Coinbase.
In this example we’re using ETH.
First, click the dollar ($) symbol to open the deposit page
Then click on the “Deposit” button and search for ETH.
Now, copy the ETH Deposit Address and use that as the destination/outward address at your Coinbase account.
Wait a few minutes and the crypto (ETH in this case) will be credited to your Kucoin account.
Step 5: Trade your Ether for LEND tokens.
Click on the ‘Markets’ link at the top menu, next to the Kucoin logo. And navigate to the ETH tab.
Search for the LEND/ETH pair among the list displayed on the page. You can type LEND in the search bar if you can’t find it.
This will take you into a trading screen like the one below. It’s straightforward to purchase from here.
Under the LEND/ETH chart, you’ll find the Buy LEND section.
The first box with the Price label displays how much ETH or fraction of ETH you pay to buy each LEND token.
The second box with the Amount label is where you enter the number of LEND Tokens you plan to buy.
You can also use the ratio slider to indicate what percentage of your funds you want to spend. sliding to 100% button uses all the ETH in your account. 50% uses 50% etc. If you use the percentage buttons, the number of tokens you can buy will be automatically entered into the Amount box.
The Total box shows how much Ether in total you are paying for the transaction. This includes any transaction fees by Kucoin.
Ready to buy?
Go ahead and Click on the “BUY LEND” button.