A Step-by-Step-Guide on how to buy Litecoin (LTC)
Step 1 – Join Coinbase – Get Free $10 In the beginning you'll need to purchase units of the top-tier currencies. Exchanges commonly accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for Altcoins. Click below for registration and receive your welcome $10.
Step 2 – Transfer Your Funds to an Crypto Trader Your Ethereum or Bitcoin has to be sent over to an Crypto Trader now. All exchanges have a deposit form that is similar. Litecoin (LTC) is available on Binance, so we will use that as an illustration. Unsure on how to send funds from Coinbase to an Crypto Trader? (Follow this manual) Make sure you've chosen the precise coin you wish to deposit. BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, et cetera. In the case you're using a decentralized exchange, such as Airswap or DDEX could be opposed (Follow these easy steps).
Step 3 – Find Litecoin (LTC) Once your deposit has been confirmed, you'll directly have access to your assets and you can begin buying and trading. To buy Litecoin (LTC) on Binance, you'll want to go to the tab which is called “Exchange” and after that click on “Basic”. In order to find Litecoin (LTC), you'll need to insert the short name of the asset (LTC) into the search box, which is marked in the image. Make sure you have choosen the proper grouping, we have marked this too. Click on “LTC/BTC” to progress.
Step 4 – Buying Litecoin (LTC) As soon as you've discovered Litecoin (LTC), you will be presented with a Chart with Prices (in the Center of the image) and some Order Books (Leftside of the image). Next we are going to create our own Limit Order. The ”Price” field will be automatically filled with the most recent valuation Litecoin (LTC) was traded for. This can be changed to your preferred price. The ”Amount” field is the quantity of LTC you want to purchase. The field with the “Total” tag is the aggregated price in BTC that you will settle for the whole quantity of LTC. If you are satisfied, click on “Buy LTC”. Your order will be filled when a Vender trades their LTC for the price you gave.
Step 5 – Withdraw (LTC) Litecoin Unless you're regularly trading, best advise is not to keep crypto on an Crypto Exchange for an extended time frame. To take off your (LTC) Litecoin, hover over the tab called “Funds” and mouse click on “Withdraw”. (LTC) Litecoin can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find (LTC) Litecoin by using the given drop-down box. Put into the amount of (LTC) Litecoin you would wish to take off. Don't forget the shown minimus/fees. Also make sure you have filled your right withdraw address. When you're happy, click on “Submit”. You could be requested for phone/email verification before a take off.