How to Buy Lisk

Lisk is one of the most thought-provoking cryptocurrencies out there – a virtual coin that makes the thinking investor sit back at their chair, scratch their skin, and go “hmmm”. This is because Lisk’s potential is enormous, their team of developers is excellent, and their disruption potential is off the charts. But will Lisk make good on its promise? Like so many new cryptos out there, Lisk is a smart contract/dapp blockchain meant to launch killer apps and change the internet as we know it forever. Of all of the projects trying to accomplish these goals (and dethrone Ethereum), Lisk is one of the most productive and promising. We’ll cover all the reasons to buy Lisk coin below.
Lisk coin is available at nearly all of the major exchanges (and a bunch of the minor ones, too). To buy Lisk, you’ll need Bitcoins, as there is no site where you can trade USD for Lisk coin just yet. Check out our Bitcoin buying guide to learn how to use Bitcoin to buy Lisk coin, or simply head on over to Coinbase.

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Lisk

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The Difference Between Trading and Buying

1

Ownership:

To buy cryptocurrency, you must create a wallet for yourself to hold the tokens. Trading does not require this.

2

Different Goals:

If you wish to support the ethos of the cryptocurrency, buying is better. If you are looking to profit on investment, trading offers more options.

3

Regulation:

Trading through a CFD is much more likely to provide more regulation to protect investment. Buying does typically offer this added security.

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The ultimate beginner's guide to trading Lisk

What is Lisk Coin?

Lisk coin (LSK) is one of the 100,000,000 tokens that act as currency on the forthcoming Lisk network. The Lisk coins are bought and sold on many crypto exchanges, with a steadily increasing Lisk price. Lisk coin acts as the currency of the Lisk blockchain. The Lisk blockchain (when they release their Main Network and Software Developer Kit in Q1) will be a place where developers can easily build Dapps and smart contracts. lisk wallet Lisk coin will be used for many Dapps, and for paying for transactions of more general types on the Lisk network. Lisk coin can also be traded against other cryptocurrencies on crypto exchanges around the web.

What Are Smart Contracts and Dapps?

A Smart Contract is an algorithm that performs a specific function on the blockchain, without any human intervention once deployed. Smart contracts are most well known from the Ethereum blockchain which popularized them. Dapps (decentralized apps) are any sort of application (like Paypal, Facebook, or LinkedIn), only build using Smart Contracts. There are already many of these which already exist on Ethereum and other blockchains.

Why Is Lisk Different?

One of the main problems with Ethereum’s smart contract model, is that all smart contracts operate on the main Ethereum chain, often slowing down the network. For Ethereum to grow to meet demand, it’ll have to find a way to scale its blockchain. Lisk will use Sidechains. When a Lisk user uses Lisk coin to issue a new token or create a new Dapp, the new algorithms will function on a Sidechain, which is linked to the main Lisk chain, but which doesn’t tap into Lisk’s resources very often at all. This means that no matter how many Dapps are created through Lisk, there won’t be dramatic strain on the network. Blockchains like Bitcoin and Ethereum are creating “second layer” solutions like Lightning and Raiden to try to perform the same function. Lisk also differs from Ethereum in that they allow programmers to use Java Script, a well known programming language, rather than forcing them to learn Solidity, the proprietary programming language of Ethereum. This could promote fast developer adoption.

The Benefits of Proof of Stake

One major selling point of Lisk is their Delegated Proof of Stake governance model. Not only does voting for a delegate help you raise your voice on the future of Lisk, these delegates are the only people who can “Forge” new Lisk coins (kind of like mining new Bitcoins). These coins are, in large part, distributed to their voters. You heard right; that’s free money.

Why Buy Lisk Coin?

Lisk has incredible promise and an amazing core developer team. It’s true that they haven’t released the networks upon which all future growth of the company will be based, but the Software Developer Kit and Main-Net are due in Q1 2018. The company is also due for a full rebranding on February 20, 2018, an evolutionary stage that may result in a large Lisk price increase, much as it did for ARK last year (ARK is a hard fork of Lisk with some major differences and use cases). So far, the Lisk team has been very active, responsive, and successful in deploying their technology. The big test is yet before us, but if we indeed see the changes they’ve promised in the next month or so, you can bet the Lisk price is going to soar. To learn more, search out a Lisk forum with Reddit or BitcoinTalk. Now we’ll show you how to buy Lisk and invest in Lisk.

Final Thoughts on Lisk

Lisk is one of the most solid projects in crypto. Their concept of push-button blockchain deployment and easy dapp development in Java Script is a compelling path forward. Their development team is solid and has proven their mettle up till this point. The field Lisk has entered is thickening. They remain the first mover in their specific niche, giving them an advantage. Do your own research to decide if you think Lisk is going to win the marathon. We think they’ve got a very, very good chance of doing so.

Alternative Cryptocurrencies

FAQs

  1. Yes, there are other ways to buy Lisk coin. Sites like Bittrex, Binance, and Kraken (to name just a few) all sell Lisk. Just check out the markets listing on the Lisk page of CoinMarketCap.com or WorldCoinIndex.com. Here you'll see many options, one of which you might already have a trading account with

  2. As with many cryptocurrencies, Lisk coin and Lisk price are discussed thoroughly on Reddit and at BitcoinTalk.

  3. No, there is no way to buy Lisk coin with USD, unless you do it from a private individual. No exchanges support direct fiat currency Lisk coin purchases. (Note: at this time, both Livecoin and Excoin advertise LSK/USD trading pairs. We have not been able to confirm them.)

  4. All major cryptocurrency projects have competitors. In the case of Lisk, Ark and Neblio both come to mind, and are receiving enormous attention right now.

  5. Lisk's current market cap of right around $3 billion is high for a cryptocurrency, but when you compare it to, say, Ethereum's $133 billion market cap, you see that there's a lot of room to grow. In our opinion, Lisk will either go way up or way down in the long run, all depending on whether it is able to unseat Ethereum as the smart contract/dapp king, so the market cap probably isn't a good indicator of future value.