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.
Step 2 – Send Your ETH (Ethereum) or BTC (Bitcoin) to an Crypto Trader Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Crypto Trader now. Every exchange has a deposit form that is alike. Litecoin (LTC) is accessible on Binance, so we will use that as an illustration. Unsure on how to send funds from Coinbase to an Crypto Trader? (Follow this guide) Make sure you have selected the exact coin you want to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, et cetera. If you're working with a decentralized exchange, such as Airswap or DDEX could be divergent (Follow our how-to).
Step 3 – Locate Litecoin (LTC) As soon as your deposit has been confirmed, you'll directly have access to your funds and you can launch invest and trading. To purchase Litecoin (LTC) on Binance, you'll want to go to the ”Exchange” tab and then mouse click on “Basic”. In order to spot Litecoin (LTC), you'll need to insert the shortname of the coin (LTC) into the search box, which is highlighted in the picture. Be certain of having choosen the proper pairing, we have highlighted this too. Click on “LTC/BTC” to go ahead.
Step 4 – Purchase Litecoin (LTC) As soon as you've spotted Litecoin (LTC), you'll be presented with a Chart with Prices (in the Center of the image) and a few Order Books (on the Left of the image). For now we're going to create our own Limit Order. The ”Price” field will be automatically filled with the latest valuation Litecoin (LTC) was traded for. This can be changed to your favoured price. The ”Amount” field is the amount of LTC you wish to buy. The field with the “Total” tag is the whole price in BTC that you'll settle for the complete amount of LTC. When you are glad, click on “Buy LTC”. Your plan will be filled as soon as a Vender trades their LTC for the price you offered.
Step 5 – Withdraw Litecoin (LTC) Unless you are frequently trading, never keep your crypto coins on an Crypto Trader for an extensive time period. To take off your Litecoin (LTC), go to the ”Funds” tab and mouse click on “Withdraw”. Litecoin (LTC) can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find Litecoin (LTC) by using the given drop-down box. Drop in the volumen of Litecoin (LTC) you would wish to take off. Don't forget the presented minimus/fees. Also make sure you have filled your precise withdraw address. If you are happy, click on “Submit”. You may be requested for verfication via phone/email ahead of a take off.