A Step-by-Step-Guide on how to buy Litecoin (LTC) in Belarus
Step 1 – Signup to Kraken You will first need to purchase units of the top-tier coins. Exchanges usually accept either Bitcoin or Ethereum in exchange for alternative Coins. Click below to register and getting your welcome ETH (Ethereum) or BTC (Bitcoin).
Step 2 – Send Your Bitcoin (BTC) or Ethereum (ETH) to an Cryptocurrency Exchange Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is identical. Litecoin (LTC) is accessible on Binance, so we're going to use that as an illustration. Unsure on how to send Coinbase funds to an Cryptocurrency Exchange? (Follow these easy steps) Make sure you've chosen the correct coin you would like to deposit. Bitcoin must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, and so on. In the case you are using a decentralized exchange, like Airswap or DDEX could be different (Just follow our guide).
Step 3 – Locate (LTC) Litecoin As soon as your deposit has been verified, you will instantly have access to your funds and you can initiate purchasing and trading. To purchase (LTC) Litecoin on Binance, you will want to hover over the “Exchange” tab and after that mouse click on “Basic”. To discover (LTC) Litecoin, you will need to insert the shortname of the coin (LTC) into the search-box, which is marked in the image. Make sure you have choosen the proper pairing, we have highlighted this too. Click on “LTC/BTC” to continue.
Step 4 – Acquisition of Litecoin (LTC) As soon as you've located Litecoin (LTC), you will be presented with a Chart with Prices (in the Center of the image) and some Order Books (on the Left of the image). And now we are making our own Limit Order. The “Price” field will be filled with the up-to-date price Litecoin (LTC) was traded for. This can be changed to your preferred price. The “Amount” field is the volumen of LTC you wish to purchase. The field with the “Total” tag is the aggregated price in BTC that you'll pay for the whole volumen of LTC. When you're satisfied, make a mouse click on “Buy LTC”. Your order will be filled when a Seller trades their LTC for the price you submitted.
Step 5 – Withdraw (LTC) Litecoin Unless you're regularly trading, best advise is not to keep crypto on an Exchange for an extended period of time. To take off your (LTC) Litecoin, go to the tab called “Funds” and mouse click on “Withdraw”. (LTC) Litecoin can be securely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find Litecoin (LTC) by using the given drop-down box. Drop in the amount of (LTC) Litecoin you'd wish to take off. Don't forget the displayed minimus/fees. Also make sure you have filled your right withdraw address. If you're glad, click on “Submit”. You could be asked for phone/email verification ahead of a take off.