A Step-by-Step-Guide on how to buy Litecoin (LTC) in Bahrain
Step 1 – Join Coinbase – Get Free $10 In the beginning you'll need to purchase units of the major coins. Exchanges normally accept either Bitcoin or Ethereum in exchange for any other Cryptocurrency. Follow the Link below to register and getting your welcome 10 Dollar.
Step 2 – Send Your Ethereum (ETH) or Bitcoin (BTC) to an Cryptocurrency Exchange Your Bitcoin or Ethereum has to be sent over to an Exchange now. Every exchange has a deposit form that is identical. Litecoin (LTC) is available on Binance, so we will use that as an illustration. Not sure on how to send Coinbase funds to an Crypto Exchange? (Follow this how-to) Make sure you've selected the right coin you wish to deposit. Bitcoin must be sent to a BTC deposit address, ETH to an Ethereum deposit address, et cetera. In the case you're working with a decentralized exchange, such as Airswap or DDEX could be divergent (Just follow our how-to).
Step 3 – Locate (LTC) Litecoin As soon as your deposit has been verified, you will now have access to your funds and you can start invest and trading. To invest in (LTC) Litecoin on Binance, you will want to hover over the tab which is called “Exchange” and after that click on “Basic”. To find Litecoin (LTC), you will need to insert the cointype (LTC) into the search box, which is highlighted in the graphic. Be certain of having selected the proper grouping, we've highlighted this too. Click on “LTC/BTC” to advance.
Step 4 – Acquisition of (LTC) Litecoin After you have located Litecoin (LTC), you'll be presented with a Price Chart (in the Center of the picture) and some Order Books (Leftside of the image). For now we are going to make our Limit Order. The field with the “Price” tag will be filled automatically with the recent valuation Litecoin (LTC) was sold for. This can be changed to your favoured rate. The field with the “Amount” tag is the volumen of LTC you want to purchase. The field with the “Total” tag is the total price in Bitcoin that you'll settle for the complete volumen of LTC. If you are satisfied, make a mouse click on “Buy LTC”. Your plan will be filled when a Seller sells their LTC for the price you submitted.
Step 5 – Withdraw (LTC) Litecoin Unless you are trading, you should never keepyour crypto coins on an Crypto Trader for an longer period of time. 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, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find (LTC) Litecoin by using the provided drop-down box. Drop in the amount of Litecoin (LTC) you would wish to take off. Take into account the demonstrated minimus/fees. Also make sure you have entered your correct withdraw address. When you are happy, click “Submit”. You may be asked for verfication via phone/email ahead of a withdrawal.