A Step-by-Step-Guide on how to buy Litecoin (LTC) in Aruba
Step 1 – Signup to Kraken You'll first need to buy one of the bigger currencies. Exchanges commonly accept either Bitcoin or Ethereum in exchange for any other Cryptocurrency. Follow the Link below to register and receive your first Bitcoin (BTC) or Ethereum (ETH).
Step 2 – Transmit Your BTC (Bitcoin) or ETH (Ethereum) to an Exchange Your Ethereum or Bitcoin has to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is identical. Litecoin (LTC) is available on Binance, so we will use that as an sample. Not sure on how to send funds from Coinbase to an Exchange? (Follow this manual) Make sure you have chosen the correct coin you wish to deposit. BTC must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, and so forth. In the case you are working with a decentralized exchange, like Airswap or DDEX could be opposed (Follow our guide).
Step 3 – Find (LTC) Litecoin Once your deposit has been confirmed, you will immediately have access to your assets and you can initiate buying and trading. To purchase (LTC) Litecoin on Binance, you'll want to go to the tab which is called “Exchange” and click on “Basic”. To find Litecoin (LTC), you'll need to insert the short name of the asset (LTC) into the search box, which is highlighted in the image. Be certain of having selected the right pairing, we have highlighted this also. Click on “LTC/BTC” to advance.
Step 4 – Purchase (LTC) Litecoin After you've spotted Litecoin (LTC), you will be given a Chart with Prices (in the Center of the image) and some Order Books (on the Left of the picture). Next we're going to make our own Limit Order. The “Price” field will be automatically filled with the most up-to-date tariff (LTC) Litecoin was traded for. You can change this to your favoured price. The field with the “Amount” tag is the quantity 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 amount of LTC. When you are satisfied, click on “Buy LTC”. Your order will be filled when a Seller sells their LTC for the price you introduced.
Step 5 – Withdraw Litecoin (LTC) Unless you are trading, you should never keepyour coins on an Crypto Trader for an longer time period. To take off your (LTC) Litecoin, hover over the tab called “Funds” and mouse click on “Withdraw”. (LTC) Litecoin can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find (LTC) Litecoin by using the provided drop-down box. Enter the quantity of Litecoin (LTC) you'd wish to take off. Don't forget the displayed fees/minimums. Also make sure you have filled your right withdraw address. If you are happy, click “Submit”. You may be requested for verfication via phone/email ahead of a withdrawal.