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 – Transmit Your Ethereum or Bitcoin to an Crypto Exchange

Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Crypto Trader now. Every exchange has a deposit form that is similar. Litecoin (LTC) is obtainable on Binance, so we're going to use that as an illustration. Unsure on how to send funds from Coinbase to an Crypto Exchange? (Follow these easy steps)

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, and so forth. If you're working with a decentralized exchange, like Airswap or DDEX could be unlike (Just follow our guide).

Step 3 – Locate Litecoin (LTC)

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

To locate Litecoin (LTC), you'll need to insert the short name of the asset (LTC) into the search box, which is highlighted in the graphic. Be certain of having choosen the proper pairing, we've marked this too. Click on “LTC/BTC” to go on.

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

As soon as you have found Litecoin (LTC), you will be presented with a Price Chart (in the Center of the image) and a few Order Books (Leftside of the image). And now we are going to make our own Limit Order.

The field with the “Price” tag will be filled with the most up-to-date valuation Litecoin (LTC) was sold for. This can be changed to your preferred rate. The field with the “Amount” tag is the amount of LTC you like to buy. The ”Total” field is the total price in Bitcoin that you will settle for the whole quantity of LTC.

If you're glad, click on “Buy LTC”. Your plan will be filled as soon as a Vendor sells their LTC for the price you submitted.

Step 5 – Withdraw Litecoin (LTC)

Unless you're regularly trading, never keep your coins on an Crypto Trader for an extensive period of time. In order to withdraw your Litecoin (LTC), go to the tab called “Funds” and mouse click on “Withdraw”. Litecoin (LTC) can be securely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Find Litecoin (LTC) by using the given drop-down box. Put into the volumen of Litecoin (LTC) you'd wish to withdraw. Take into account the demonstrated minimus/fees. Also make sure you have entered your precise withdraw address.

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

Binance Withdraw

Congrats! You've successfully bought and stored Litecoin (LTC).

That's it!

Take offs from Cryptocurrency Exchange can durate between 1 – 30 minutes (rely on usage of the network). Once you've confirmed your withdrawal with Ethplorer.io or Etherscan.io and the (LTC) Litecoin is stored inside your wallet, you are finished.

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