A Step-by-Step-Guide on how to buy Litecoin (LTC)
Step 1 – Signup to CEX.io In the beginning you'll need to purchase one of the bigger coins. Exchanges usually accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for alternative Coins. Click the button below for registration and getting your BTC (Bitcoin) or ETH (Ethereum).
Step 2 – Transfer Your ETH (Ethereum) or BTC (Bitcoin) to an Cryptocurrency Exchange Your Bitcoin or Ethereum has to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is identical. Litecoin (LTC) is obtainable on Binance, so we're going to use that as an sample. Not sure on how to send Coinbase funds to an Cryptocurrency Exchange? (Follow this manual) Make sure you've selected the exact coin you want to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, etc. If you are using a decentralized exchange, such as Airswap or DDEX could be different (Follow these easy steps).
Step 3 – Locate Litecoin (LTC) As soon as your deposit has been affirmed, you will now have access to your funds and you can begin invest and trading. To purchase Litecoin (LTC) on Binance, you will want to go to the ”Exchange” tab and after that mouse click on “Basic”. In order to locate Litecoin (LTC), you will need to insert the cointype (LTC) into the search box, which is highlighted in the image. Be certain of having choosen the proper grouping, we have highlighted this too. Click on “LTC/BTC” to go ahead.
Step 4 – Acquisition of (LTC) Litecoin After you have found (LTC) Litecoin, you will be given a Chart with Prices (in the Center of the image) and a few Order Books (on the Left of the image). For now we're making our Limit Order. The ”Price” field will be automatically filled with the latest valuation (LTC) Litecoin was traded for. This can be changed to your preferred rate. The field with the “Amount” tag is the amount of LTC you wish to buy. The ”Total” field is the whole price in Bitcoin that you'll settle for the complete amount of LTC. When you are satisfied, click on “Buy LTC”. Your plan will be filled as soon as a Vender sells their LTC for the price you offered.
Step 5 – Withdraw (LTC) Litecoin Unless you are trading, you should never keepyour crypto coins on an Cryptocurrency Exchange for an longer time frame. In order to withdraw your (LTC) Litecoin, hover over the ”Funds” tab and click on “Withdraw”. (LTC) Litecoin can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find (LTC) Litecoin by using the given drop-down box. Drop in the amount of (LTC) Litecoin you'd like to withdraw. Take into account the demonstrated fees/minimums. Also make sure you have filled your correct withdraw address. When you are satisfied, click on “Submit”. You could be requested for verfication via phone/email ahead of a withdrawal.