How to Buy Litecoin (LTC) in Azerbaijan

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

Step 1 – Join Kraken

You will first need to buy units of the major currencies. Exchanges usually accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for Altcoins. Click below for registration and to get your first Bitcoin or Ethereum.

Step 2 – Transmit Your Ethereum (ETH) or Bitcoin (BTC) to an Exchange

Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Crypto Trader now. All exchanges have a deposit form that is identical. Litecoin (LTC) is accessible on Binance, so we will use that as an sample. Unsure on how to send funds from Coinbase to an Crypto Trader? (Follow this manual)

Make sure you've chosen the precise coin you want to deposit.

BTC must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, etc. In the case you're using a decentralized exchange, such as Airswap or DDEX could be different (Just follow our manual).

Step 3 – Find (LTC) Litecoin

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

In order to discover (LTC) Litecoin, you'll need to put the shortname of the coin (LTC) into the search-box, which is highlighted in the picture. Be certain of having selected the correct grouping, we've marked this too. Click on “LTC/BTC” to proceed.

Step 4 – Purchase (LTC) Litecoin

After you've located (LTC) Litecoin, you'll be given a Chart with Prices (in the Center of the image) and some Order Books (Leftside of the picture). And now we're going to make our Limit Order.

The field with the “Price” tag will be automatically filled with the most recent tariff Litecoin (LTC) was sold for. This can be changed to your desired price. The “Amount” field is the volumen of LTC you wish to buy. The field with the “Total” tag is the whole price in Bitcoin that you'll pay for the whole amount of LTC.

When you're satisfied, make a mouse click on “Buy LTC”. Your plan will be filled when a Vendor trades their LTC for the price you submitted.

Step 5 – Withdraw Litecoin (LTC)

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

Find Litecoin (LTC) by using the provided drop-down box. Put into the amount of (LTC) Litecoin you'd wish to take off. Take into account the presented fees/minimums. Also make sure you have entered your right withdraw address.

If you are happy, click “Submit”. You could be requested for email/phone verification ahead of a take off.

Kudos! You've successfully purchased and stored Litecoin (LTC) in Azerbaijan.

That's it!

Withdrawals from Cryptocurrency Exchange can take anywhere from 1 – 30 minutes (depending on network usage). Once you have proved your take off with Ethplorer.io or Etherscan.io and the (LTC) Litecoin is safe inside your wallet, you are all done.