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How to Buy Litecoin (LTC)

A Step-by-Step-Guide on how to buy Litecoin (LTC)

Step 1 – Signup to CEX.io

In the beginning you'll need to buy one of the major currencies. Exchanges commonly accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for alternative Coins. Click the button below for registration and to get your Bitcoin (BTC) or Ethereum (ETH).

Binance Signup
Step 2 – Send Your BTC (Bitcoin) or ETH (Ethereum) to an Crypto Trader

Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is alike. Litecoin (LTC) is obtainable on Binance, so we're going to use that as an illustration. Not sure on how to send funds from Coinbase to an Crypto Exchange? (Just follow this manual)

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

BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, and so on. In the case you are working with a decentralized exchange, like Airswap or DDEX could be different (Just follow our how-to).

Step 3 – Locate Litecoin (LTC)

Once your deposit has been affirmed, you will now have access to your funds and you can launch invest and trading. To invest in 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 spot Litecoin (LTC), you will need to insert the cointype (LTC) into the search-box, which is marked in the graphic. Make sure you have selected the right pairing, we have highlighted this too. Click on “LTC/BTC” to proceed.

{How to buy Coin on Binance 1|Binance How To Buy 1} Litecoin (LTC)
Step 4 – Purchasing Litecoin (LTC)

Once you have located Litecoin (LTC), you will be presented with a Chart with Prices (in the Center of the picture) and a few Order Books (Leftside of the picture). Next we are going to create our own Limit Order.

The ”Price” field will be filled automatically with the most up-to-date valuation Litecoin (LTC) was sold for. This can be changed to your desired rate. The ”Amount” field is the volumen of LTC you wish to purchase. The field with the “Total” tag is the whole price in Bitcoin that you'll settle for the whole volumen of LTC.

If you're glad, make a mouse 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 are regularly trading, never keep your crypto on an Exchange for an extended time frame. In order to take off your Litecoin (LTC), hover over the ”Funds” tab and mouse click on “Withdraw”. Litecoin (LTC) can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Litecoin (LTC) by using the given drop-down box. Put into the amount of Litecoin (LTC) you would wish to take off. Take into account the presented fees/minimums. Also make sure you have filled your right withdraw address.

When you are glad, make a mouse click on “Submit”. You could be requested for email/phone verification ahead of a withdrawal.

Congratulations! You've successfully bought and safed Litecoin (LTC).

That's it!

Withdrawals from Cryptocurrency Exchange can durate between 1 – 30 minutes (rely on usage of the network). As soon as you've proved your withdrawal with Ethplorer.io or Etherscan.io and the Litecoin (LTC) is stored inside your wallet, you are all done.

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