A Step-by-Step-Guide on how to buy Litecoin (LTC) in Barbados
Step 1 – Signup to Kraken In the beginning you'll need to purchase one of the major currencies. Exchanges commonly accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for any other Cryptocurrency. Click the button below for registration and getting your first Bitcoin (BTC) or Ethereum (ETH).
Step 2 – Send Your BTC (Bitcoin) or ETH (Ethereum) to an Crypto Exchange Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Exchange now. All exchanges have a deposit form that is similar. Litecoin (LTC) is obtainable on Binance, so we will use that as an illustration. Unsure on how to send Coinbase funds to an Cryptocurrency Exchange? (Just follow this how-to) Make sure you have chosen the exact coin you want to deposit. BTC must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, and so on. If you are using a decentralized exchange, like Airswap or DDEX could be divergent (Just follow our how-to).
Step 3 – Locate Litecoin (LTC) As soon as your deposit has been verified, you'll instantly have access to your funds and you can commence buying and trading. To purchase (LTC) Litecoin on Binance, you'll want to hover over the “Exchange” tab and after that click on “Basic”. To discover Litecoin (LTC), you will need to put the cointype (LTC) into the search box, which is highlighted in the graphic. Make sure you have choosen the proper pairing, we've marked this too. Click on “LTC/BTC” to continue.
Step 4 – Acquisition of Litecoin (LTC) Once you have discovered (LTC) Litecoin, you'll be presented with a Chart with Prices (in the Center of the image) and a few Order Books (on the Left of the image). And now we are creating our own Limit Order. The “Price” field will be filled automatically with the most recent price (LTC) Litecoin was sold for. This can be changed to your preferred rate. The field with the “Amount” tag is the amount of LTC you want to buy. The “Total” field is the whole price in Bitcoin that you will pay for the whole amount of LTC. When you are satisfied, click on “Buy LTC”. Your order will be filled when a Vender sells their LTC for the price you offered.
Step 5 – Withdraw Litecoin (LTC) Unless you're regularly trading, never keep your crypto coins on an Crypto Trader for an extensive time period. In order to withdraw your (LTC) Litecoin, go to the “Funds” tab and mouse click on “Withdraw”. (LTC) Litecoin can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find (LTC) Litecoin by using the provided drop-down box. Put into the volumen of (LTC) Litecoin you would wish to withdraw. Don't forget the shown minimus/fees. Also make sure you have filled your correct withdraw address. If you are happy, click “Submit”. You may be asked for verfication via email/phone before a withdrawal.