A Step-by-Step-Guide on how to buy Litecoin (LTC)
Step 1 – Join Coinbase – Get Free $10 In the beginning you'll need to buy one of the major coins. Exchanges normally accept either Bitcoin or Ethereum in exchange for alternative Coins. Click below to register and receive your first 10 Dollar.
Step 2 – Send Your Ethereum (ETH) or Bitcoin (BTC) to an Crypto Exchange Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is similar. Litecoin (LTC) is obtainable on Binance, so we're going to use that as an example. Not sure on how to send Coinbase funds to an Exchange? (Just follow this guide) Make sure you've chosen the exact coin you wish to deposit. Bitcoin must be sent to a BTC deposit address, ETH to an ETH deposit address, et cetera. In the case you're working with a decentralized exchange, like Airswap or DDEX could be unlike (Follow our guide).
Step 3 – Find Litecoin (LTC) Once your deposit has been approved, you will directly have access to your assets and you can commence buying and trading. To buy Litecoin (LTC) on Binance, you'll want to hover over the “Exchange” tab and mouse click on “Basic”. In order to find (LTC) Litecoin, you will need to insert the cointype (LTC) into the search-box, which is highlighted in the picture. Be certain of having choosen the correct pairing, we have highlighted this also. Click on “LTC/BTC” to progress.
Step 4 – Purchase Litecoin (LTC) As soon as you've spotted Litecoin (LTC), you will be presented with a Price Chart (in the Center of the image) and a few Order Books (on the Left of the picture). Next we are creating our Limit Order. The “Price” field will be filled with the latest valuation (LTC) Litecoin was traded for. This can be changed to your desired price. The field with the “Amount” tag is the amount of LTC you like to purchase. The “Total” field is the aggregated price in BTC that you'll pay for the complete amount of LTC. If you are happy, make a mouse click on “Buy LTC”. Your order will be filled as soon as a Vendor trades their LTC for the price you submitted.
Step 5 – Withdraw (LTC) Litecoin Unless you're frequently trading, best advise is not to keep coins on an Exchange for an extended time frame. To withdraw your (LTC) Litecoin, go to the “Funds” tab and click on “Withdraw”. (LTC) Litecoin can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find (LTC) Litecoin by using the provided drop-down box. Drop in the volumen of (LTC) Litecoin you'd wish to withdraw. Don't forget the presented fees/minimums. Also make sure you have filled your correct withdraw address. If you are happy, click “Submit”. You could be asked for email/phone verification ahead of a withdrawal.