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).
Step 2 – Send Your ETH (Ethereum) or BTC (Bitcoin) to an Crypto Trader Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Crypto Trader 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. Not sure on how to send Coinbase funds to an Crypto Trader? (Follow this how-to) Make sure you have selected the correct coin you want to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, and so forth. In the case you're working with a decentralized exchange, like Airswap or DDEX could be opposed (Follow these easy steps).
Step 3 – Find Litecoin (LTC) Once your deposit has been affirmed, you will instantly have access to your assets and you can start invest and trading. To purchase Litecoin (LTC) on Binance, you will want to hover over the ”Exchange” tab and after that click on “Basic”. To find Litecoin (LTC), you will need to put the shortname of the coin (LTC) into the search-box, which is marked in the picture. Make sure you have selected the proper pairing, we've marked this too. Click on “LTC/BTC” to continue.
Step 4 – Acquisition of Litecoin (LTC) Once you have located Litecoin (LTC), you will be presented with a Price Chart (in the Center of the image) and some Order Books (on the Left of the image). Next we are going to create our Limit Order. The ”Price” field will be filled automatically with the most up-to-date price Litecoin (LTC) was sold for. You can change this to your preferred price. The ”Amount” field is the volumen of LTC you like to purchase. The ”Total” field is the total price in Bitcoin that you will pay for the complete volumen of LTC. If you are happy, click on “Buy LTC”. Your order will be filled when a Seller sells their LTC for the price you introduced.
Step 5 – Withdraw Litecoin (LTC) Unless you are trading, best advise is not to keep your crypto coins on an Crypto Trader for an extensive time period. In order to take off your Litecoin (LTC), go to the ”Funds” tab and click on “Withdraw”. Litecoin (LTC) can be stored securely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate Litecoin (LTC) by using the given drop-down box. Enter the volumen of Litecoin (LTC) you'd like to take off. Take into account the demonstrated minimus/fees. Also make sure you have entered your correct withdraw address. When you are happy, make a mouse click on “Submit”. You may be asked for email/phone verification ahead of a take off.