How to Buy Litecoin (LTC) in Benin

A Step-by-Step-Guide on how to buy Litecoin (LTC) in Benin

Step 1 – Join Kraken

In the beginning you'll need to buy one of the major coins. Exchanges usually accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for any other Cryptocurrency. Follow the Link below to register and to get your first Bitcoin (BTC) or Ethereum (ETH).

Step 2 – Send Your Bitcoin or Ethereum to an Crypto Exchange

Your Bitcoin or Ethereum will need to be sent over to an Exchange now. All exchanges have a deposit form that is alike. Litecoin (LTC) is obtainable on Binance, so we're going to use that as an illustration. Unsure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Follow this guide)

Make sure you have chosen the exact coin you wish to deposit.

Bitcoin must be sent to a BTC deposit address, ETH to an Ethereum deposit address, etc. If you're working with a decentralized exchange, such as Airswap or DDEX could be different (Follow these easy steps).

Step 3 – Locate Litecoin (LTC)

As soon as your deposit has been affirmed, you will directly have access to your assets and you can launch invest and trading. To purchase (LTC) Litecoin on Binance, you'll want to go to the tab which is called “Exchange” and after that click on “Basic”.

In order to locate Litecoin (LTC), you'll need to insert the shortname of the coin (LTC) into the search-box, which is highlighted in the graphic. Be certain of having selected the correct pairing, we've highlighted this too. Click on “LTC/BTC” to proceed.

Step 4 – Acquisition of (LTC) Litecoin

After you have discovered Litecoin (LTC), you'll be presented with a Price Chart (in the Center of the picture) and a few Order Books (Leftside of the image). And now we're going to make our own Limit Order.

The “Price” field will be automatically filled with the most up-to-date price Litecoin (LTC) was sold for. You can change this to your desired rate. The “Amount” field is the quantity of LTC you want to purchase. The field with the “Total” tag is the total price in BTC that you'll pay for the complete quantity of LTC.

When you are glad, make a mouse click on “Buy LTC”. Your order will be filled when a Seller trades their LTC for the price you gave.

Step 5 – Withdraw Litecoin (LTC)

Unless you are frequently trading, you should never keepyour crypto coins on an Cryptocurrency Exchange for an extensive time period. In order to take off your (LTC) Litecoin, 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 given drop-down box. Put into the quantity of Litecoin (LTC) you would like to take off. Don't forget the displayed fees/minimums. Also make sure you have filled your correct withdraw address.

If you are glad, click on “Submit”. You may be asked for verfication via phone/email ahead of a take off.

Congratulations! You have successfully purchased and safed (LTC) Litecoin in Benin.

That's it!

Take offs from Exchange can take anywhere from 1 – 30 minutes (depending on network usage). Once you've confirmed your withdrawal using Ethplorer.io or Etherscan.io and the Litecoin (LTC) is stored in your wallet, you're all done.