How to Buy Cryptocurrency
Don’t be overwhelmed by all the technical jargon, buying cryptocurrency is similar to any other purchase you may make on the internet. Get started with Lex Exchange in just a few easy steps and you could be buying your first digital currency in just moments from now.
Firstly, you must register for your free Lex Exchange account here, provide your email address, choose a password and verify your email by following the link emailed to you to complete this step. This will generally take no longer than 1 minute.
Congratulations, you now have your very own Lex Exchange account complete with wallet addresses for the five major cryptocurrencies. This means anyone from anywhere in the world can send you cryptocurrency free and almost instantly!
Now, if you would like to buy digital currency through Lex Exchange, we need to know a little more about you, this is called our verification process, it’s what keeps Lex Exchange Compliant and allows us to operate as a registered Australian business.
All email verified customers are automatically “Level 1” verified (level info is shown in the top right corner when logged in). In order to deposit Australian Dollars, users must progress to Level 2 verification and this is done by providing basic details such as Name, Address, Mobile Number and DOB. In a small number of cases, we are unable to electronically verify customers in which case we will need to ask for ID to be uploaded here also.
Once you are verified, head to the “My Wallets” page and select the “Deposit” tab on the AUD (Australian Dollar) wallet. This will take you through the POLi portal which will allow the ability for an instant deposit straight into your Lex Exchange Account.
Now that you have loaded your account with AUD, you can head to the BUY/SELL screen to swap your Australian Dollars for any cryptocurrencies of your choosing. For more detailed instructions on buying Cryptocurrency through the Lex Exchange portal, please visit our knowledgebase article here.