How to Buy Litecoin (LTC) in Armenia

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

Step 1 – Join Kraken

You'll first need to buy one of the major coins. Exchanges normally accept either Ethereum or Bitcoin in exchange for Altcoins. Click below for registration and to get your first ETH (Ethereum) or BTC (Bitcoin).

Step 2 – Transmit Your Funds to an Exchange

Your Ethereum or Bitcoin will need to be sent over to an Exchange now. Every exchange has a deposit form that is similar. Litecoin (LTC) is accessible on Binance, so we will use that as an sample. Not sure on how to send Coinbase funds to an Exchange? (Follow these easy steps)

Make sure you have chosen the correct coin you want to deposit.

Bitcoin must be sent to a BTC deposit address, ETH to an ETH deposit address, and so on. If you are working with a decentralized exchange, such as Airswap or DDEX could be divergent (Follow our guide).

Step 3 – Find Litecoin (LTC)

As soon as your deposit has been verified, you will now have access to your finances and you can initiate purchasing and trading. To purchase (LTC) Litecoin on Binance, you will want to go to the tab which is called “Exchange” and mouse click on “Basic”.

In order to find (LTC) Litecoin, you will need to put the short name of the asset (LTC) into the search-box, which is marked in the graphic. Make sure you have selected the right pairing, we have marked this also. Click on “LTC/BTC” to go ahead.

Step 4 – Purchase (LTC) Litecoin

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

The “Price” field will be filled with the latest valuation (LTC) Litecoin was sold for. This can be changed to your desired price. The field with the “Amount” tag is the quantity of LTC you wish to purchase. The field with the “Total” tag is the whole price in Bitcoin that you will settle for the complete quantity of LTC.

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

Step 5 – Withdraw Litecoin (LTC)

Unless you're frequently trading, best advise is not to keep coins on an Crypto Trader for an extended time period. To take off your Litecoin (LTC), go to the tab called “Funds” and mouse click on “Withdraw”. (LTC) Litecoin can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Find Litecoin (LTC) by using the provided drop-down box. Drop in the amount of Litecoin (LTC) you'd like to take off. Don't forget the shown fees/minimums. Also make sure you have filled your precise withdraw address.

When you are glad, click “Submit”. You may be requested for verfication via email/phone before a withdrawal.

Congrats! You have successfully bought and stored Litecoin (LTC) in Armenia.

That's it!

Take offs from Cryptocurrency Exchange can durate anywhere from 1 – 30 minutes (depending on usage of the network). Once you have confirmed your take off with Ethplorer.io or Etherscan.io and the (LTC) Litecoin is safe inside your wallet, you're all done.