How to Buy Litecoin (LTC) in Andorra

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

Step 1 – Signup to Kraken

In the beginning you'll need to purchase one of the top-tier coins. Exchanges commonly accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for Altcoins. Follow the Link below to register and receive your first Bitcoin (BTC) or Ethereum (ETH).

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

Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Cryptocurrency 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 example. Unsure on how to send funds from Coinbase to an Crypto Trader? (Follow this how-to)

Make sure you have chosen the precise coin you would like to deposit.

BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, etc. If you are using a decentralized exchange, such as Airswap or DDEX could be unlike (Follow our how-to).

Step 3 – Find Litecoin (LTC)

Once your deposit has been confirmed, you will directly have access to your finances and you can launch invest and trading. To purchase Litecoin (LTC) on Binance, you'll want to go to the tab which is called “Exchange” and after that mouse click on “Basic”.

In order to find (LTC) Litecoin, you will need to put the shortname of the coin (LTC) into the search box, which is marked in the image. Be certain of having choosen the proper grouping, we have marked this too. Click on “LTC/BTC” to continue.

Step 4 – Acquisition of Litecoin (LTC)

Once you have found Litecoin (LTC), you will be presented with a Chart with Prices (in the Center of the image) and a few 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 up-to-date rate (LTC) Litecoin was traded for. This can be changed to your desired price. The “Amount” field is the amount of LTC you want to buy. The “Total” field is the total price in BTC that you will settle for the whole amount of LTC.

If you're happy, click on “Buy LTC”. Your plan will be filled as soon as a Vender sells their LTC for the price you introduced.

Step 5 – Withdraw (LTC) Litecoin

Unless you are frequently trading, best advise is not to keep crypto coins on an Crypto Trader for an extended time frame. To take off your (LTC) Litecoin, hover over the tab called “Funds” and click on “Withdraw”. Litecoin (LTC) can be stored securely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Litecoin (LTC) by using the given drop-down box. Put into the amount of (LTC) Litecoin you would wish to withdraw. Take into account the demonstrated fees/minimums. Also make sure you have entered your right withdraw address.

If you are glad, make a mouse click on “Submit”. You could be asked for verfication via phone/email ahead of a withdrawal.

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

That's it!

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