How to Buy Litecoin (LTC) in Korea

A Step-by-Step-Guide on how to buy Litecoin (LTC) in Korea

Step 1 – Join Coinbase and get 10$ for free

In the beginning you'll need to purchase units of the bigger currencies. Exchanges normally accept either Ethereum or Bitcoin in exchange for any other Cryptocurrency. Follow the Link below for registration and receive your first $10.

Step 2 – Transmit Your Ethereum (ETH) or Bitcoin (BTC) to an Cryptocurrency Exchange

Your Ethereum or Bitcoin has to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is alike. Litecoin (LTC) is accessible on Binance, so we will use that as an illustration. Unsure on how to send Coinbase funds to an Crypto Trader? (Follow this manual)

Make sure you've selected the right coin you wish to deposit.

Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etc. In the case you're using a decentralized exchange, like Airswap or DDEX could be different (Follow our manual).

Step 3 – Find Litecoin (LTC)

As soon as your deposit has been approved, you'll instantly have access to your finances and you can launch purchasing and trading. To invest in Litecoin (LTC) on Binance, you'll want to hover over theExchangetab and then mouse click onBasic”.

In order to locate Litecoin (LTC), you will need to insert 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 also. Click onLTC/BTCto proceed.

Step 4 – Acquisition of Litecoin (LTC)

After you have found (LTC) Litecoin, you will be given a Chart with Prices (in the Center of the image) and some Order Books (Leftside of the picture). Next we are going to create our own Limit Order.

The field with thePricetag will be filled automatically with the most up-to-date rate (LTC) Litecoin was sold for. You can change this to your desired rate. TheAmountfield is the quantity of LTC you wish to purchase. The field with theTotaltag is the total price in BTC that you will pay for the complete amount of LTC.

If you're happy, make a mouse click onBuy LTC”. Your order will be filled when a Vendor sells their LTC for the price you gave.

Step 5 – Withdraw Litecoin (LTC)

Unless you are trading, you should never keepyour crypto on an Crypto Exchange for an longer time frame. To withdraw your Litecoin (LTC), go to theFundstab and click onWithdraw”. (LTC) Litecoin can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Litecoin (LTC) by using the given drop-down box. Put into the volumen of (LTC) Litecoin you'd wish to withdraw. Don't forget the demonstrated fees/minimums. Also make sure you have filled your right withdraw address.

If you're happy, click onSubmit”. You may be requested for email/phone verification before a take off.

Kudos! You have successfully purchased and stored (LTC) Litecoin in Korea.

That's it!

Take offs from Crypto Exchange can take between 1 – 30 minutes (depending on usage of the network). As soon as you have proved your take off with Etherscan.io or Ethplorer.io and the Litecoin (LTC) is stored in your wallet, you are all done.