We do not recommend that you hold your purchased LSK coins on the exchange, as exchanges have faced multiple hacks that have resulted in coin holders losing their investments, in some cases the exchanges unable to cover investor losses. Please refer to ‘Create Lisk (LSK) Digital Wallet’ section below for the steps involved in the creation of a Lisk digital wallet.

The very same wallet would then be used when looking to sell LSK coins, where the coins would be transferred from the wallet to a particular exchange for sale, or to a merchant in the event of a purchase with LSK coins should merchants accept Lisk coins in the future. Below is a step-by-step guide for buying Lisk with Bitcoin on Binance.īefore purchasing LSK coins, it is recommended to first set up a Lisk Nano digital wallet that can store your LSK coins after purchase. There are a number of exchanges that offer Lisk at the time of writing, including Binance, Bittrex, and HiBTC, but with a limited number of pairings, currently LSK/BTC and LSK/ETH.

In summary, developers are able to create their own white label sidechain, customize the sidechain with its own token, without having to write a single line of code, design an interface, while also providing an optimal environment to test, deploy and promote apps from the Lisk sidechain.ĭevelopers will cover the costs associated with developing on the Lisk network and using Lisk services with LSK tokens.

The SDK platform facilitates the development of decentralized applications (DAPPS) and creation of an independent blockchain that is linked to and secured by the Lisk blockchain.ĭevelopers are able to build applications on their own sidechain that is linked to Lisk’s blockchain, with developers able to publish, distribute and generate income from their released apps. Lisk makes it easy for developers to build and deploy blockchain applications in JavaScript with the open source Lisk Sidechain Development Kit (SDK) offering, the ethos of Lisk being to make life easier for developers and remove confusion over what language developers need to learn in order to get into the blockchain game.

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