A Step-by-Step-Guide on how to buy Litecoin (LTC) in Bahrain
Step 1 – Signup to Kraken In the beginning you'll need to purchase one of the top-tier coins. Exchanges commonly accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for Altcoins. Click the button below for registration and getting your first Bitcoin (BTC) or Ethereum (ETH).
Step 2 – Transfer Your BTC (Bitcoin) or ETH (Ethereum) to an Cryptocurrency Exchange Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Exchange now. All exchanges have a deposit form that is identical. Litecoin (LTC) is available on Binance, so we're going to use that as an example. Unsure on how to send Coinbase funds to an Crypto Trader? (Just follow this how-to) Make sure you've chosen the right coin you wish to deposit. BTC must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, et cetera. In the case you are working with a decentralized exchange, such as Airswap or DDEX could be different (Just follow our manual).
Step 3 – Locate Litecoin (LTC) As soon as your deposit has been approved, you'll directly have access to your assets and you can initiate buying and trading. To invest in (LTC) Litecoin on Binance, you will want to hover over the “Exchange” tab and click on “Basic”. In order to locate Litecoin (LTC), you'll need to insert the cointype (LTC) into the search-box, which is highlighted in the graphic. Be certain of having selected the correct grouping, we have highlighted this also. Click on “LTC/BTC” to continue.
Step 4 – Acquisition of (LTC) Litecoin After you've spotted (LTC) Litecoin, you will be given a Chart with Prices (in the Center of the picture) and a few 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 latest price Litecoin (LTC) was traded for. This can be changed to your desired price. The field with the “Amount” tag is the amount of LTC you wish to buy. The field with the “Total” tag is the total price in BTC that you'll settle for the whole amount of LTC. When you're happy, click on “Buy LTC”. Your order will be filled as soon as a Vender trades their LTC for the price you offered.
Step 5 – Withdraw Litecoin (LTC) Unless you're frequently trading, you should never keepyour coins on an Crypto Trader for an extended time period. To take off your Litecoin (LTC), go to the “Funds” tab and mouse click on “Withdraw”. Litecoin (LTC) can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate (LTC) Litecoin by using the provided drop-down box. Drop in the amount of (LTC) Litecoin you would wish to withdraw. Take into account the displayed fees/minimums. Also make sure you have entered your right withdraw address. When you are glad, click “Submit”. You could be asked for verfication via phone/email before a withdrawal.