A Step-by-Step-Guide on how to buy Litecoin (LTC) in Australia
Step 1 – Join Coinbase and recieve 10$ for free You will first need to purchase units of the top-tier coins. Exchanges commonly accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for alternative Coins. Click the button below for registration and to get your welcome $10.
Step 2 – Send Your Funds to an Crypto Exchange Your Bitcoin or Ethereum has to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is alike. Litecoin (LTC) is obtainable on Binance, so we're going to use that as an example. Unsure on how to send Coinbase funds to an Exchange? (Follow this how-to) Make sure you have selected the right coin you want to deposit. BTC must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, and so forth. If you're working with a decentralized exchange, such as Airswap or DDEX could be unlike (Follow our manual).
Step 3 – Find Litecoin (LTC) Once your deposit has been verified, you will directly have access to your funds and you can launch buying and trading. To purchase (LTC) Litecoin on Binance, you will want to hover over the “Exchange” tab and then click on “Basic”. In order to spot 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 choosen the proper grouping, we've marked this too. Click on “LTC/BTC” to go on.
Step 4 – Purchasing (LTC) Litecoin After you have found (LTC) Litecoin, you'll be given a Chart with Prices (in the Center of the picture) and a few Order Books (Leftside of the picture). For now we're going to create our own Limit Order. The field with the “Price” tag will be filled with the most latest rate (LTC) Litecoin was sold for. You can change this to your desired rate. The “Amount” field is the amount of LTC you wish to buy. The “Total” field is the total price in BTC that you'll pay for the complete amount of LTC. When you are happy, make a mouse click on “Buy LTC”. Your plan will be filled as soon as a Seller sells their LTC for the price you submitted.
Step 5 – Withdraw (LTC) Litecoin Unless you are frequently trading, never keep your coins on an Crypto Exchange for an longer period of time. To withdraw your (LTC) Litecoin, hover over the “Funds” tab and mouse click on “Withdraw”. (LTC) Litecoin can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate Litecoin (LTC) by using the given drop-down box. Put into the amount of Litecoin (LTC) you'd wish to withdraw. Take into account the displayed fees/minimums. Also make sure you have filled your right withdraw address. When you're happy, make a mouse click on “Submit”. You could be requested for email/phone verification ahead of a withdrawal.