How to Buy Litecoin (LTC)

A Step-by-Step-Guide on 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.

Binance Signup
Step 2 – {Send} Your {Ethereum (ETH) or Bitcoin (BTC)} to an {Crypto Exchange}

Your {Ethereum (ETH) or Bitcoin (BTC)} {has} to be sent over to an {Cryptocurrency Exchange} now. {Every exchange has} a deposit form that is {identical}. Litecoin (LTC) is {accessible} on Binance, so {we're going to} use that as an {example}. {Not sure} on how to send {funds from Coinbase} to an {Exchange}? ({Follow} {this manual})

Make sure {you have} {selected} the {correct} coin you {want} to deposit.

{BTC} must be sent to a {BTC} deposit address, {Ethereum} to an {ETH} deposit address, {etcetera}. {In the case} {you're} {working with} a decentralized exchange, {such as} Airswap or DDEX could be {opposed} ({Follow} {our guide}).

Step 3 – {Locate} Litecoin (LTC)

{Once} your deposit has been {approved}, {you will} {instantly} have access to your {funds} and you can {start} {buying} and trading. To {purchase} Litecoin (LTC) on Binance, {you will} want to {go to} the {tab which is called “Exchange”} and{ after that} {mouse click} on “Basic”.

{To} {discover} Litecoin (LTC), {you will} need to {insert} the {cointype} (LTC) into the {search-box}, which is {highlighted} in the {picture}. {Be certain of having} {selected} the {correct} {grouping}, {we have} {highlighted} this {too}. Click on “LTC/BTC” to {continue}.

Binance Hot To Buy Litecoin (LTC)
Binance How to Buy (LTC) Litecoin
Step 4 – {Buy} Litecoin (LTC)

{Once} {you've} {discovered} Litecoin (LTC), {you will} be {presented with} a {Chart with Prices} (in the Center of the {image}) and {some} Order Books ({on the Left} of the {picture}). {Next} {we're} {creating} our{ own} Limit Order.

The {”Price” field} will be {automatically filled} with the{} {latest} {price} Litecoin (LTC) was {traded} for. {This can be changed} to your {desired} {price}. The {field with the “Amount” tag} is the {quantity} of LTC you {like} to {purchase}. The {”Total” field} is the {total} price in {Bitcoin} that {you'll} {settle} for the {complete} {quantity} of LTC.

{If} {you are} {happy}, {make a mouse click} on “Buy LTC”. Your {order} will be filled {as soon as} a {Seller} {sells} their LTC for the price you {introduced}.

Step 5 – Withdraw Litecoin (LTC)

Unless {you are}{ frequently} trading, {never keep your} {crypto} on an {Exchange} for an {longer} {time period}. {To} {take off} your Litecoin (LTC), {hover over} the {tab called “Funds”} and {mouse click} on “Withdraw”. Litecoin (LTC) can be {stored safely} using a Wallet, {for example} MyEtherWallet. (MyEtherWallet Setup Guide)

{Find} Litecoin (LTC) by using the {provided} drop-down box. {Put into} the {amount} of Litecoin (LTC) {you would} {wish} to {take off}. {Take into account} the {demonstrated} {minimus/fees}. Also make sure you have {entered} your {right} withdraw address.

{When} {you're} {glad}, {click} “Submit”. You {could} be {asked} for {phone/email verification} {ahead of} a {take off}.

Binance Withdraw

{Congrats}! {You have} successfully {bought} and {stored} Litecoin (LTC).

That's it!

{Withdrawals} from {Crypto Trader} can {take} {between} 1 – 30 minutes ({depending} on {network usage}). {Once} {you have} {proved} your {take off} {with} {Etherscan.io or Ethplorer.io} and the (LTC) Litecoin is {safe} {within} your wallet, {you are} {all done}.

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