How to Buy Litecoin (LTC) in Panama

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

Step 1 – Join Coinbase – Get Free $10

You'll first need to buy units of the top-tier coins. Exchanges normally accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for Altcoins. Click the button below to register and to get your welcome $10.

Coinbase Promo Signup
Step 2 – Transfer Your BTC (Bitcoin) or ETH (Ethereum) to an Crypto Exchange

Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is identical. Litecoin (LTC) is available on Binance, so we're going to use that as an sample. Not sure on how to send Coinbase funds to an Exchange? (Just follow this manual)

Make sure you've chosen the precise coin you want to deposit.

BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, and so on. In the case you are dealing with a decentralized exchange, like Airswap or DDEX could be divergent (Just follow our manual).

Binance Signup

Step 3 – Find (LTC) Litecoin

As soon as your deposit has been confirmed, you'll directly have access to your assets and you can start buying and trading. To buy (LTC) Litecoin on Binance, you'll want to hover over the “Exchange” tab and after that mouse click on “Basic”.

To spot Litecoin (LTC), you will need to put the cointype (LTC) into the search-box, which is highlighted in the image. Be certain of having selected the proper pairing, we've highlighted this too. Click on “LTC/BTC” to progress.

Step 4 – Buy (LTC) Litecoin

After you have found (LTC) Litecoin, you'll be given a Price Chart (in the Center of the image) and some Order Books (on the Left of the image). And now we are going to create our own Limit Order.

The field with the “Price” tag will be automatically filled with the most up-to-date price Litecoin (LTC) was sold for. You can change this to your preferred rate. The field with the “Amount” tag is the volumen of LTC you like to buy. The field with the “Total” tag is the aggregated price in Bitcoin that you'll settle for the whole volumen of LTC.

When you're satisfied, click on “Buy LTC”. Your order will be filled when a Vendor sells their LTC for the price you submitted.

Step 5 – Withdraw Litecoin (LTC)

Unless you are regularly trading, you should never keepyour crypto coins on an Exchange for an extensive time frame. In order to withdraw your (LTC) Litecoin, hover over the tab called “Funds” and mouse click on “Withdraw”. Litecoin (LTC) can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Litecoin (LTC) by using the given drop-down box. Enter the volumen of (LTC) Litecoin you would like to take off. Take into account the presented fees/minimums. Also make sure you have entered your precise withdraw address.

When you're happy, click “Submit”. You may be asked for phone/email verification before a take off.

Congrats! You have successfully purchased and stored Litecoin (LTC) in Panama.

That's it!

Take offs from Crypto Exchange can durate anywhere from 1 – 30 minutes (rely on usage of the network). Once you have proved your withdrawal using Ethplorer.io or Etherscan.io and the (LTC) Litecoin is stored inside your wallet, you are done.