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How to buy, sell and trade Lisk (LSK)

A beginner’s guide to the Lisk cryptocurrency and how you can buy it in Ireland.

Lisk is a blockchain platform designed to facilitate the development and distribution of JavaScript based decentralised applications (DApps). The Lisk ecosystem aims to provide developers the opportunity to build, distribute and monetise their applications with the use of customised blockchains, smart contracts, cloud storage and nodes.

In this guide, we’ll walk you through where and how to buy Lisk (LSK), how the token works and key things you should consider before buying it.

Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

Where can I buy LSK in Ireland?

You can buy LSK tokens at various exchanges, using fiat currencies such as US dollars (USD) or euros (EUR). Alternatively, you can buy LSK with cryptocurrencies like bitcoin (BTC) or Ethereum (ETH). Some of the exchanges that offer the option to buy LSK tokens are listed below.

Name Product Deposit methods Fiat Currencies Cryptocurrencies
Bitpanda Cryptocurrency Exchange
Cash, Credit card, Cryptocurrency, Neteller, Bank transfer (SEPA), SOFORT


A European exchange which enables users to pay in EUR, GBP, CHF and USD through a variety of payment platforms.
Kriptomat Cryptocurrency Exchange
Credit card, Neteller, SOFORT, Skrill, SEPA


Finder Exclusive: Sign up with code FINDER15 and get EUR 15 when you spend over EUR 100 each month. T&Cs apply.
Buy a large selection of cryptocurrencies instantly via credit card or bank account after registering. Store your crypto conveniently in Kriptomat's multi-currency wallet. Cryptocurrency Exchange


Finder exclusive: New users get $90 worth of Gate.IO points and an airdrop of $5 in GateTokens if trade volume exceeds $100 in their first week. T&Cs apply.
A feature-rich exchange with over 700 tokens including derivatives, yield farming and lending products. App App
Credit card, Cryptocurrency, PayPal, TransferWise, SEPA


Buy 100+ cryptocurrencies, earn up to 14.5% p.a. on holdings, pay with your crypto for cashback at stores, get loans and more with this complete crypto-finance platform.
Binance Cryptocurrency Exchange
Bank transfer (ACH)


New users earn up to USD $500 in bonus rewards on qualified deposits and trades. Valid till 31 December 2021. T&Cs apply.
Trade an extensive range of reputable coins on this world-renowned exchange, popular for its high liquidity and multi-language support.

US residents: As of September 2019, US-based users can only trade USD on the American dollar onramp of Binance, Binance.US.
UK residents: In addition to normal crypto trading services, Binance offers margin lending. As this is a regulated activity which they are not authorised to offer in the UK, we advise you not to use this service. If you're interested in margin trading, see authorised providers.
Kraken Cryptocurrency Exchange
Bank transfer, Cryptocurrency, SWIFT, Wire transfer, Osko, SEPA


Buy, sell and trade a range of digital currencies on this high-liquidity exchange – suitable for beginners right through to advanced traders.
Bittrex Global
Bank transfer, Credit card, Cryptocurrency, Debit card


Buy from one of the largest cryptocurrency exchanges with a selection of over 190+ cryptocurrencies and 3 USD pairings.
BC Bitcoin Cryptocurrency Broker
BC Bitcoin Cryptocurrency Broker
Credit card, Debit card, Faster Payments (FPS), BACS, Instant SEPA


BC Bitcoin is a UK-based cryptocurrency brokerage that buys and sells more than 100 different cryptocurrencies.
OKEx Cryptocurrency Exchange
Bank transfer, Cryptocurrency, iDEAL, PayPal, POLi, SEPA, Faster Payments (FPS)


Earn US$10 in BTC when you refer a friend and they purchase $100 of cryptocurrency. T&Cs apply.
Listing over 100 cryptocurrencies, OKEx offers its users a variety of payment methods and coins to choose from.

Compare up to 4 providers

A step-by-step guide to buying LSK

Here’s an example of how to buy LSK if you decide to purchase it.

Step 1. Create an account at an exchange listing LSK

The above exchanges list LSK. Binance is one of the largest cryptocurrency exchanges by trading volume at the time of writing, we will also use Binance as an example. You can buy LSK at Binance with cryptocurrencies such as BTC or ETH. To open an account at Binance, you need to sign up on the website and follow the instructions you receive to your email. After this, log into your account.

Step 2. Deposit funds into your account

Binance doesn’t accept fiat currency deposits, so you will first need to own or acquire a cryptocurrency which can be paired with LSK, such as BTC or ETH. If you don’t own any cryptocurrencies which can be paired with LSK, our guides can show you how to get started:

Once you have bought cryptocurrency to pair with LSK, log into your Binance account and select the “Funds” button at the top menu. Next, click “Deposits” in the drop-down menu. Select the cryptocurrency you wish to pair with LSK on the next page and Binance will generate a deposit address. If you bought BTC to pair with LSK, you would select BTC. After this, you would transfer your funds by sending your BTC to the deposit address generated by Binance.

Step 3. Buy LSK

  • To buy LSK at Binance: Move your mouse cursor over the “Exchange” button at the top menu and click “Basic”. A price chart will appear with a list of currency pairs to the right. Above the list, select BTC or ETH depending on your deposit currency and type LSK in the search tab. Click on the pair, for example LSK/BTC. Below the price chart, you have a “Buy LSK” tab where you can choose from three types of orders: Limit, Market and Stop Limit. If you want to buy LSK right away, click Market and enter the number of LSK you want to buy. Once you are ready, click the “Buy LSK” button. Now you can withdraw the LSK to your wallet, or you can use it to trade other cryptocurrencies. If you decide to withdraw, check Binance’s fees page for detailed information on minimum withdrawal amounts and withdrawal fees.

Exchange-related risks can include hacks, system errors or the site going down, so it’s usually recommended to withdraw your coins from an exchange and store them in a wallet.

How to sell LSK

You can sell LSK tokens on the same exchange where you bought them, or transfer them to another exchange that supports LSK. Similar to Step 3, you will need to pair LSK with either another cryptocurrency or fiat currency such as EUR/LSK or BTC/LSK. After deciding this, you enter the amount of LSK tokens you want to exchange. Once you have entered this number, confirm the final sale value and proceed to sell your LSK tokens.

Which wallets can I use to hold LSK?

You can use the following wallets to store your LSK:

  • Lisk Nano. This is the desktop wallet of the Lisk platform that you can use to store LSK tokens, to send and receive transactions on the Lisk network, or you can use it for delegate voting. It works on Windows, Linux and Mac OS X. There is also a web version of the wallet.
  • Lisk Core. This wallet is aimed at advanced technical users that want to build on top of the Lisk platform. For that reason, it includes Application Programming Interface (API) for developers.
  • Freewallet. This is a mobile app wallet for Android and iOS.

Discover more ways to store your cryptocurrency in our introductory guide to wallets.

What is the Lisk platform and how does LSK work?

The team behind Lisk intend to make blockchain technology more accessible by building a Software Development Kit (SDK) written in JavaScript. The Lisk platform software has three components: JavaScript, NodeJS and PostgreSQL. Through the sale of LSK tokens, the team hopes to finance projects which are built on the Lisk platform.

Lisk (LSK) is the cryptocurrency token of the Lisk platform. It is used to pay fees and to grant access to the system. The ticker symbol for the Lisk token is LSK and the algorithm it uses is called Delegated Proof-of-Stake (DPoS). This means that everything related to the network or the addition of new blocks to the blockchain is done by delegate voting.

Anyone can apply to become a delegate and the delegate collects votes from LSK owners. 1 LSK equals 1 vote, so if you have LSK in your wallet you can vote for delegates. The delegates with the most votes start securing the network and they subsequently receive rewards in LSK tokens.

Find out more about Lisk in our comprehensive guide.

What should I consider before buying LSK?

If you are wondering whether to buy LSK or any other cryptocurrency, you must be fully aware of the risks involved as cryptocurrencies are speculative and volatile. You should take the following points into consideration if you still want to buy LSK:

  • Supply. According to CoinMarketCap, the circulating supply of LSK tokens in March 2018 was 102,350,199 tokens out of a maximum supply of 118,528,048 LSK.
  • LSK use. LSK tokens can only be used within the Lisk platform to pay fees and to gain access to the platform’s SDK (Software Development Kit). You can also use LSK tokens to trade with other cryptocurrencies.
  • Availability. LSK tokens are available for purchase on a number of exchanges where you can buy LSK with fiat money and cryptocurrencies.
  • Market competition. Similar platforms to Lisk are: NEO, Cardano, Ethereum and EOS.

By considering the above factors and conducting your own research, you should be able to make a more informed decision about whether you would buy LSK.

Frequently asked questions

Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.

Picture: Shutterstock

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