A Step-by-Step-Guide on how to buy Litecoin (LTC)
Step 1 – Signup to Coinbase and get 10$ for free You'll first need to buy one of the bigger currencies. Exchanges normally accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for any other Cryptocurrency. Click the button below to register and to get your welcome 10$.
Step 2 – Transmit Your ETH (Ethereum) or BTC (Bitcoin) to an Exchange Your Bitcoin or Ethereum has to be sent over to an Exchange now. All exchanges have a deposit form that is alike. Litecoin (LTC) is available on Binance, so we're going to use that as an illustration. Unsure on how to send Coinbase funds to an Exchange? (Follow this how-to) Make sure you have selected the right 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 divergent (Follow these easy steps).
Step 3 – Find (LTC) Litecoin As soon as your deposit has been affirmed, you'll directly have access to your funds and you can initiate buying and trading. To purchase (LTC) Litecoin on Binance, you'll want to go to the ”Exchange” tab and mouse click on “Basic”. In order to discover (LTC) Litecoin, you'll need to insert the shortname of the coin (LTC) into the search box, which is highlighted in the image. Be certain of having choosen the correct pairing, we have highlighted this too. Click on “LTC/BTC” to continue.
Step 4 – Acquisition of (LTC) Litecoin As soon as you have found (LTC) Litecoin, you will be given a Chart with Prices (in the Center of the image) and some Order Books (on the Left of the image). And now we are going to make our own Limit Order. The field with the “Price” tag will be filled with the recent price (LTC) Litecoin was sold for. This can be changed to your favoured price. The field with the “Amount” tag is the amount of LTC you want to buy. The field with the “Total” tag is the total price in BTC that you will pay for the whole amount of LTC. If you are happy, make a mouse click on “Buy LTC”. Your order will be filled as soon as a Vender sells their LTC for the price you submitted.
Step 5 – Withdraw Litecoin (LTC) Unless you're trading, never keep your coins on an Crypto Trader for an extended time frame. To take off your Litecoin (LTC), go to 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 provided drop-down box. Enter the amount of Litecoin (LTC) you would wish to take off. Take into account the demonstrated minimus/fees. Also make sure you have entered your right withdraw address. If you're happy, click on “Submit”. You could be requested for verfication via email/phone ahead of a withdrawal.