How to Buy Litecoin (LTC) in Austria

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

Step 1 – Join Kraken

In the beginning you'll need to buy units of the bigger currencies. Exchanges commonly accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for alternative Coins. Follow the Link below to register and receive your first Bitcoin (BTC) or Ethereum (ETH).

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

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

Make sure you've selected the precise coin you would like to deposit.

Bitcoin must be sent to a BTC deposit address, ETH to an ETH deposit address, et cetera. If you are using a decentralized exchange, like Airswap or DDEX could be different (Follow our manual).

Step 3 – Locate (LTC) Litecoin

As soon as your deposit has been approved, you will instantly have access to your assets and you can start purchasing and trading. To buy Litecoin (LTC) on Binance, you will want to go to the tab which is called “Exchange” and after that click on “Basic”.

In order to find (LTC) Litecoin, you'll need to put the short name of the asset (LTC) into the search box, which is highlighted in the picture. Be certain of having selected the right grouping, we've marked this too. Click on “LTC/BTC” to continue.

Step 4 – Acquisition of (LTC) Litecoin

As soon as you have located (LTC) Litecoin, you'll be given a Chart with Prices (in the Center of the image) and a few Order Books (on the Left of the image). Next we're creating our Limit Order.

The field with the “Price” tag will be automatically filled with the most up-to-date rate (LTC) Litecoin was sold for. You can change this to your favoured price. The “Amount” field is the volumen of LTC you wish to purchase. The “Total” field is the aggregated price in Bitcoin that you will pay for the complete amount of LTC.

When you're happy, click on “Buy LTC”. Your order will be filled when a Vendor trades their LTC for the price you introduced.

Step 5 – Withdraw (LTC) Litecoin

Unless you are regularly trading, best advise is not to keep your coins on an Exchange for an extensive time frame. In order to take off your (LTC) Litecoin, go to the tab called “Funds” and mouse click on “Withdraw”. (LTC) Litecoin can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find (LTC) Litecoin by using the provided drop-down box. Enter the amount of Litecoin (LTC) you'd like to withdraw. Don't forget the presented fees/minimums. Also make sure you have filled your right withdraw address.

When you are glad, click on “Submit”. You may be requested for phone/email verification ahead of a withdrawal.

Congrats! You have successfully bought and safed (LTC) Litecoin in Austria.

That's it!

Take offs from Exchange can take between 1 – 30 minutes (depending on network usage). Once you have proved your take off using Etherscan.io or Ethplorer.io and the Litecoin (LTC) is stored within your wallet, you are all done.