A Step-by-Step-Guide on how to buy BTC Lite (BTCL)
Step 1 – Signup to Coinbase and get 10$ for free You will first need to buy units of the top-tier currencies. Exchanges normally accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for any other Cryptocurrency. Follow the Link below for registration and to get your first 10$.
Step 2 – Transfer Your Funds to an Cryptocurrency Exchange Your Bitcoin or Ethereum has to be sent over to an Crypto Trader now. All exchanges have a deposit form that is similar. BTC Lite (BTCL) is obtainable on Binance, so we will use that as an sample. Unsure on how to send Coinbase funds to an Crypto Trader? (Follow this how-to) Make sure you have chosen the correct coin you wish to deposit. BTC must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, etc. In the case you are using a decentralized exchange, such as Airswap or DDEX could be different (Follow our guide).
Step 3 – Find (BTCL) BTC Lite Once your deposit has been verified, you'll immediately have access to your funds and you can commence buying and trading. To invest in BTC Lite (BTCL) on Binance, you'll want to hover over the tab which is called “Exchange” and then click on “Basic”. To locate BTC Lite (BTCL), you will need to put the shortname of the coin (BTCL) into the search-box, which is marked in the picture. Make sure you have choosen the proper pairing, we've marked this too. Click on “BTCL/BTC” to continue.
Step 4 – Buying BTC Lite (BTCL) As soon as you've located (BTCL) BTC Lite, you'll be presented with a Price Chart (in the Center of the picture) and a few Order Books (Leftside of the image). Next we're going to make our Limit Order. The field with the “Price” tag will be filled with the latest valuation BTC Lite (BTCL) was traded for. You can change this to your favoured price. The “Amount” field is the volumen of BTCL you want to purchase. The “Total” field is the whole price in BTC that you will settle for the complete volumen of BTCL. When you are glad, click on “Buy BTCL”. Your order will be filled when a Seller trades their BTCL for the price you offered.
Step 5 – Withdraw BTC Lite (BTCL) Unless you are trading, best advise is not to keep your crypto on an Crypto Exchange for an longer time frame. In order to take off your BTC Lite (BTCL), go to the “Funds” tab and mouse click on “Withdraw”. BTC Lite (BTCL) can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate BTC Lite (BTCL) by using the given drop-down box. Enter the amount of (BTCL) BTC Lite you would wish to take off. Take into account the shown fees/minimums. Also make sure you have filled your correct withdraw address. When you are glad, make a mouse click on “Submit”. You could be asked for verfication via email/phone ahead of a withdrawal.