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 ETH (Ethereum) or BTC (Bitcoin) to an Crypto Exchange

Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Exchange now. Every exchange has a deposit form that is alike. Litecoin (LTC) is accessible on Binance, so we're going to use that as an example. Unsure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Just follow this guide)

Make sure you have chosen the correct coin you would like to deposit.

Bitcoin must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, et cetera. In the case you're dealing with a decentralized exchange, such as Airswap or DDEX could be unlike (Follow our how-to).

Step 3 – Find Litecoin (LTC)

As soon as your deposit has been affirmed, you will now have access to your funds and you can initiate purchasing and trading. To buy Litecoin (LTC) on Binance, you will want to hover over the tab which is called “Exchange” and then click on “Basic”.

In order to spot Litecoin (LTC), you will need to put the cointype (LTC) into the search-box, which is marked in the picture. Be certain of having choosen the right grouping, we have highlighted this also. Click on “LTC/BTC” to continue.

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

Once you've discovered Litecoin (LTC), you will be given a Price Chart (in the Center of the picture) and some Order Books (Leftside of the picture). For now we are creating our own Limit Order.

The ”Price” field will be automatically filled with the most recent price Litecoin (LTC) was traded for. This can be changed to your preferred rate. The field with the “Amount” tag is the volumen of LTC you want to purchase. The ”Total” field is the whole price in Bitcoin that you will settle for the complete quantity of LTC.

When you're glad, make a mouse click on “Buy LTC”. Your plan will be filled as soon as a Seller sells their LTC for the price you offered.

Step 5 – Withdraw Litecoin (LTC)

Unless you're regularly trading, never keep your coins on an Exchange for an extended time period. In order to withdraw your Litecoin (LTC), hover over the ”Funds” tab 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 provided drop-down box. Enter the quantity of Litecoin (LTC) you would like to take off. Don't forget the shown minimus/fees. Also make sure you have entered your right withdraw address.

When you are satisfied, click on “Submit”. You may be requested for email/phone verification before a take off.

Binance Withdraw

Kudos! You have successfully purchased and safed Litecoin (LTC).

That's it!

Take offs from Crypto Exchange can take anywhere from 1 – 30 minutes (depending on usage of the network). Once you've confirmed your withdrawal using Etherscan.io or Ethplorer.io and the (LTC) Litecoin is stored in your wallet, you're done.
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