The LBRY network uses its native cryptocurrency, LBC (LBRY Credits), to power content sharing, monetization, and user engagement. As interest in decentralized platforms grows, more users are looking to buy and sell LBC through major crypto exchanges. While LBRY continues developing in-app solutions for easier transactions, exchanging LBC currently requires using third-party cryptocurrency exchanges.
This guide walks you through the process of buying and selling LBC on supported platforms—using Bittrex as a reference—while highlighting key steps, market options, and best practices for managing your digital assets securely.
Understanding LBC Trading Markets
Before diving into transactions, it's important to understand how LBC is traded. Most exchanges offer LBC paired with either Bitcoin (BTC) or Tether (USDT), a stablecoin pegged to the US dollar.
- BTC/LBC pairs: You’ll need to first acquire BTC before trading it for LBC.
- USDT/LBC pairs: Since USDT mirrors USD value, this provides a more direct path to convert fiat into LBC without Bitcoin as an intermediary.
👉 Discover how stablecoins like USDT simplify crypto trading across global markets.
Using USDT can reduce volatility risks during transactions and streamline withdrawals to fiat currency later.
Creating and Securing Your Exchange Account
To begin trading LBC, you must register with a supported exchange such as Bittrex. Note that Bittrex services may vary by region, and some features—like USD deposits—are only available to non-U.S. users or those who complete identity verification (KYC).
Steps to Set Up Your Account:
- Visit the exchange’s official website and sign up.
- Complete required identity verification (KYC) if prompted.
- Enable two-factor authentication (2FA) for added security.
Security is critical when handling cryptocurrencies. Always use strong passwords, avoid sharing login details, and never store 2FA codes online.
Funding Your Account: Deposit Options
Once your account is active, you’ll need to deposit funds to start trading. Exchanges typically support multiple deposit methods depending on your location.
Depositing Fiat Currency (USD/USDT)
If your region allows it:
- Navigate to the Holdings section.
- Select Deposit by bank/wire or Deposit by credit/debit card.
- Follow prompts to link your bank account or enter card details.
- After confirmation, your fiat balance will appear—often shown in BTC equivalent if purchasing directly.
💡 Tip: Card purchases may incur higher fees but offer instant funding. Bank transfers are cheaper but take longer to process.
Depositing Bitcoin (BTC)
To trade BTC for LBC:
- Go to Holdings > find BTC > click Deposit.
- Copy the provided BTC wallet address.
- Transfer BTC from your personal wallet or another exchange.
- Wait for blockchain confirmations—this may take minutes to hours depending on network congestion.
How to Buy LBC on an Exchange
With funds in your account, you're ready to purchase LBC.
Step-by-Step Purchase Process:
- From the homepage, locate the markets section under BTC or USDT.
- Search for LBC and select the appropriate trading pair (e.g., LBC/USDT or LBC/BTC).
- In the order book, identify the current market price (usually the top red entry in the sell column).
- Choose between a market order (buy immediately at current price) or limit order (set your preferred price).
- Enter the amount of LBC you want—or select a percentage of your balance—and click Place Order.
- Once executed, your LBC balance will update instantly in your holdings.
👉 Learn how real-time order books empower traders with transparent pricing data.
Selling LBC for BTC or USDT
When you're ready to cash out or switch assets, follow these steps:
Step-by-Step Sale Process:
- First, ensure your LBC is deposited into your exchange wallet (see next section).
- Go to the same LBC/BTC or LBC/USDT trading pair.
- Click Sell, then choose the top green bid price in the buy order book.
- Enter the amount of LBC you wish to sell—either manually or via percentage.
- Confirm the transaction with Place Sell Order.
- Upon completion, your BTC or USDT balance will reflect the proceeds.
Managing Your LBC: Deposits and Withdrawals
Proper fund management ensures smooth transactions between your exchange and LBRY app.
Withdrawing LBC to Your LBRY Wallet
- In Bittrex, go to Holdings and locate LBC.
- Click Withdraw, then open your LBRY app or lbry.tv.
- Access your wallet address (via balance > "your address").
- Paste this address into the withdrawal field.
- Enter the amount and confirm using 2FA.
- Funds typically arrive within minutes.
Depositing LBC from LBRY App to Exchange
- In Bittrex, go to Holdings > search LBC > click Deposit.
- Copy the displayed deposit address.
- In your LBRY app, go to Wallet > Send Credits.
- Paste the Bittrex address and send the desired amount.
- Check Deposits in Bittrex for status updates—processing may take time due to blockchain confirmations.
⚠️ Note: Bittrex requires 200 confirmations for certain deposits, which can take several hours.
Converting USDT to Bank Withdrawals
To access real-world currency:
- Use the USDT/USD market on Bittrex to convert USDT to USD.
- Initiate a withdrawal to your linked bank account via wire transfer.
- Allow processing time—banks and exchanges may impose delays.
This final step closes the loop from digital asset trading back to traditional finance.
Frequently Asked Questions (FAQ)
Can I buy LBC directly with USD?
Not always. Some exchanges allow direct USDT purchases using USD via card or bank transfer, which can then be used to buy LBC. However, direct USD/LBC pairs are rare.
Is KYC required to trade LBC?
It depends on the exchange and your deposit method. Fiat deposits usually require identity verification; crypto-only transactions may not.
How long does it take for LBC deposits to appear?
While most transfers appear within minutes, network congestion or exchange requirements (like 200 confirmations) can extend wait times to several hours.
What should I do if my withdrawal fails?
Double-check the receiving address for accuracy and ensure you're sending to the correct network (e.g., LBRY blockchain, not another chain). Contact exchange support if issues persist.
Are there fees involved in trading LBC?
Yes—exchanges charge trading, deposit, and withdrawal fees. These vary by platform and payment method, so review fee schedules before transacting.
Will LBRY integrate direct fiat on-ramps soon?
LBRY is actively exploring built-in solutions for easier fiat access within its apps, though no official release date has been announced.
Final Thoughts
Buying and selling LBC on cryptocurrency exchanges remains the most reliable method for converting between digital and traditional currencies today. By understanding market pairs like USDT/LBC and BTC/LBC, mastering deposit and withdrawal workflows, and practicing secure account habits, you can confidently manage your LBRY Credits.
As decentralized ecosystems evolve, tools for seamless crypto-fiat integration are becoming more accessible than ever.
👉 Stay ahead in the digital economy by exploring advanced trading tools and insights.