How to Buy Litecoin (LTC) in Azerbaijan

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

Step 1 – Join Coinbase and get 10$ for free

You will first need to buy units of the major currencies. Exchanges usually accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for any other Cryptocurrency. Click below for registration and receive your welcome $10.

Step 2 – Transmit Your Funds to an Crypto Trader

Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is identical. Litecoin (LTC) is accessible on Binance, so we're going to use that as an illustration. Unsure on how to send funds from Coinbase to an Crypto Trader? (Just follow these easy steps)

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

BTC 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, like Airswap or DDEX could be opposed (Follow these easy steps).

Step 3 – Locate Litecoin (LTC)

As soon as your deposit has been confirmed, you'll immediately have access to your assets and you can commence buying and trading. To invest in Litecoin (LTC) on Binance, you will want to hover over the “Exchange” tab and after that click on “Basic”.

In order to discover (LTC) Litecoin, you will need to put the cointype (LTC) into the search-box, which is marked in the image. Be certain of having choosen the proper pairing, we have marked this too. Click on “LTC/BTC” to go ahead.

Step 4 – Acquisition of Litecoin (LTC)

Once you've spotted (LTC) Litecoin, you will be given a Chart with Prices (in the Center of the picture) and some Order Books (on the Left of the image). And now we are creating our Limit Order.

The “Price” field will be automatically filled with the most up-to-date rate Litecoin (LTC) was traded for. This can be changed to your favoured price. The field with the “Amount” tag is the volumen of LTC you want to purchase. The “Total” field is the total price in Bitcoin that you will pay for the complete volumen of LTC.

If you're happy, click on “Buy LTC”. Your order will be filled as soon as a Vendor trades their LTC for the price you offered.

Step 5 – Withdraw (LTC) Litecoin

Unless you're frequently trading, you should never keepyour crypto on an Exchange for an longer period of time. In order to withdraw your (LTC) Litecoin, go to the tab called “Funds” and click on “Withdraw”. Litecoin (LTC) can be stored securely using a Wallet, for example 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. Take into account the demonstrated minimus/fees. Also make sure you have entered your correct withdraw address.

If you're happy, make a mouse click on “Submit”. You may be requested for verfication via phone/email before a take off.

Congratulations! You have successfully purchased and safed Litecoin (LTC) in Azerbaijan.

That's it!

Take offs from Crypto Exchange can durate anywhere from 1 – 30 minutes (rely on network usage). As soon as you have proved your withdrawal using Ethplorer.io or Etherscan.io and the (LTC) Litecoin is stored inside your wallet, you are finished.