A Step-by-Step-Guide on how to buy Litecoin (LTC) in Bahamas
Step 1 – Signup to Kraken In the beginning you'll need to purchase units of the bigger coins. Exchanges commonly accept either Ethereum or Bitcoin in exchange for alternative Coins. Follow the Link below to register and receive your first ETH (Ethereum) or BTC (Bitcoin).
Step 2 – Transmit Your Funds to an Crypto Exchange Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Crypto Trader now. Every exchange has a deposit form that is similar. Litecoin (LTC) is accessible on Binance, so we will use that as an sample. Not sure on how to send Coinbase funds to an Cryptocurrency Exchange? (Follow this how-to) Make sure you have chosen the correct coin you would like to deposit. BTC must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etcetera. In the case you're using a decentralized exchange, such as Airswap or DDEX could be different (Just follow our how-to).
Step 3 – Find Litecoin (LTC) As soon as your deposit has been approved, you will instantly have access to your assets and you can launch purchasing and trading. To invest in Litecoin (LTC) on Binance, you will want to hover over the “Exchange” tab and click on “Basic”. To locate (LTC) Litecoin, you will need to insert the short name of the asset (LTC) into the search-box, which is highlighted in the graphic. Make sure you have choosen the correct grouping, we've highlighted this too. Click on “LTC/BTC” to go on.
Step 4 – Acquisition of Litecoin (LTC) After you've discovered (LTC) Litecoin, you will be given a Price Chart (in the Center of the picture) and a few Order Books (Leftside of the image). For now we're going to make our own Limit Order. The field with the “Price” tag will be filled with the recent tariff (LTC) Litecoin was sold for. This can be changed to your desired rate. The “Amount” field is the amount of LTC you like to buy. The field with the “Total” tag is the whole price in BTC that you'll settle for the whole quantity of LTC. If you're glad, click on “Buy LTC”. Your order will be filled when a Vendor sells their LTC for the price you introduced.
Step 5 – Withdraw Litecoin (LTC) Unless you're trading, never keep your crypto coins on an Crypto Trader for an longer time period. To take off your Litecoin (LTC), go to the “Funds” tab and mouse click on “Withdraw”. (LTC) Litecoin can be stored securely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate (LTC) Litecoin by using the provided drop-down box. Enter the volumen of Litecoin (LTC) you would like to withdraw. Take into account the demonstrated minimus/fees. Also make sure you have entered your precise withdraw address. When you're happy, make a mouse click on “Submit”. You could be requested for phone/email verification before a take off.