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 – Transfer Your ETH (Ethereum) or BTC (Bitcoin) to an Crypto Exchange

Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is similar. Litecoin (LTC) is accessible on Binance, so we will use that as an example. Not sure on how to send Coinbase funds to an Crypto Exchange? (Just follow this guide)

Make sure you've selected the right coin you wish to deposit.

Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, et cetera. If you're working with a decentralized exchange, like Airswap or DDEX could be unlike (Just follow our guide).

Step 3 – Find Litecoin (LTC)

Once your deposit has been affirmed, you'll directly have access to your assets and you can start purchasing and trading. To invest in 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 will need to insert the cointype (LTC) into the search box, which is highlighted in the graphic. Be certain of having selected the right pairing, we have marked this too. Click on “LTC/BTC” to progress.

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 a few Order Books (on the Left of the image). For now we're going to make our own Limit Order.

The field with the “Price” tag will be filled with the most latest rate Litecoin (LTC) was sold for. You can change this to your desired price. The ”Amount” field is the quantity of LTC you like to buy. The ”Total” field is the whole price in Bitcoin that you'll pay for the whole volumen of LTC.

If you're glad, make a mouse click on “Buy LTC”. Your plan will be filled when a Vendor trades 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 Exchange for an extensive period of time. To take off your Litecoin (LTC), hover over the ”Funds” tab and mouse click on “Withdraw”. Litecoin (LTC) can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Find Litecoin (LTC) by using the given drop-down box. Put into the quantity of Litecoin (LTC) you would like to take off. Don't forget the demonstrated fees/minimums. Also make sure you have filled your correct withdraw address.

When you're happy, click on “Submit”. You may be asked for email/phone verification before a take off.