A Step-by-Step-Guide on how to buy Litecoin (LTC) in Algeria
Step 1 – Join Kraken You will first need to buy one of the bigger currencies. Exchanges normally accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for alternative Coins. Click the button below to register and getting your first Ethereum or Bitcoin.
Step 2 – Send Your Ethereum or Bitcoin to an Cryptocurrency Exchange Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is similar. 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 Cryptocurrency Exchange? (Just follow this guide) Make sure you've selected the exact coin you wish to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, and so forth. In the case you are using a decentralized exchange, such as Airswap or DDEX could be different (Follow our how-to).
Step 3 – Find (LTC) Litecoin As soon as your deposit has been approved, you'll immediately have access to your finances and you can launch purchasing and trading. To purchase (LTC) Litecoin on Binance, you'll want to hover over the tab which is called “Exchange” and then click on “Basic”. In order to discover Litecoin (LTC), you'll need to insert the shortname of the coin (LTC) into the search box, which is marked in the image. Be certain of having selected the proper pairing, we've highlighted this also. Click on “LTC/BTC” to go ahead.
Step 4 – Purchase (LTC) Litecoin After you've discovered Litecoin (LTC), you'll be given a Chart with Prices (in the Center of the picture) and some Order Books (Leftside of the picture). For now we are making our own Limit Order. The field with the “Price” tag will be automatically filled with the recent price Litecoin (LTC) was traded for. This can be changed to your favoured rate. The field with the “Amount” tag is the amount of LTC you like to buy. The “Total” field is the whole price in BTC that you will pay for the whole quantity of LTC. If you're glad, make a mouse click on “Buy LTC”. Your order will be filled when a Seller trades their LTC for the price you gave.
Step 5 – Withdraw Litecoin (LTC) Unless you're frequently trading, best advise is not to keep coins on an Cryptocurrency Exchange for an extended period of time. In order to take off your Litecoin (LTC), go to the “Funds” tab and click on “Withdraw”. Litecoin (LTC) can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate (LTC) Litecoin by using the provided drop-down box. Drop in the volumen of Litecoin (LTC) you'd like to take off. Don't forget the shown minimus/fees. Also make sure you have filled your correct withdraw address. If you are glad, click “Submit”. You may be requested for email/phone verification before a withdrawal.