How to Buy Litecoin (LTC)

Step 1 – Signup to Kraken

In the beginning you'll need to buy units of the major coins. Exchanges commonly accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for alternative Coins. Click below for registration and getting Bitcoin or Ethereum.

Step 2 – Transmit Your Bitcoin or Ethereum to an Exchange

Your Bitcoin or Ethereum will need to be sent over to an Exchange now. All exchanges have a deposit form that is alike. Litecoin (LTC) is available on Binance, so we're going to use that as an example. Unsure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Just follow this manual)

Make sure you've chosen the precise coin you want to deposit.

Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, and so on. In the case you're dealing with a decentralized exchange, like Airswap or DDEX could be unlike (Just follow these easy steps).

Step 3 – Locate Litecoin (LTC)

As soon as your deposit has been verified, you'll directly have access to your finances and you can launch purchasing and trading. To buy Litecoin (LTC) on Binance, you will want to go to the ”Exchange” tab and after that mouse click on “Basic”.

To discover Litecoin (LTC), you'll need to insert the short name of the asset (LTC) into the search-box, which is marked in the graphic. Make sure you have selected the correct grouping, we have marked this also. Click on “LTC/BTC” to go on.

Step 4 – Purchasing Litecoin (LTC)

As soon as you have found Litecoin (LTC), you'll be given a Chart with Prices (in the Center of the picture) and some Order Books (on the Left of the picture). For now we're going to create our own Limit Order.

The field with the “Price” tag will be filled with the most recent price Litecoin (LTC) was sold for. This can be changed to your favoured price. The ”Amount” field is the amount of LTC you like to buy. The field with the “Total” tag is the total price in Bitcoin that you will settle for the complete amount of LTC.

If you are glad, click on “Buy LTC”. Your plan will be filled as soon as a Seller sells their LTC for the price you introduced.

Step 5 – Withdraw Litecoin (LTC)

Unless you are regularly trading, best advise is not to keep your crypto on an Cryptocurrency Exchange for an longer time period. To take off your Litecoin (LTC), go to the tab called “Funds” and click on “Withdraw”. Litecoin (LTC) can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Litecoin (LTC) by using the provided drop-down box. Enter the volumen of Litecoin (LTC) you'd wish to withdraw. Don't forget the presented fees/minimums. Also make sure you have entered your correct withdraw address.

If you are glad, click on “Submit”. You may be asked for email/phone verification ahead of a take off.