A Step-by-Step-Guide on how to buy Litecoin (LTC) in Bermuda
Step 1 – Join Kraken You will first need to buy one of the top-tier coins. Exchanges commonly accept either Bitcoin or Ethereum in exchange for any other Cryptocurrency. Click the button below to register and to get your welcome ETH (Ethereum) or BTC (Bitcoin).
Step 2 – Transmit Your BTC (Bitcoin) or ETH (Ethereum) to an Cryptocurrency Exchange Your Ethereum (ETH) or Bitcoin (BTC) will need 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. Not sure on how to send funds from Coinbase to an Crypto Trader? (Follow this how-to) Make sure you have chosen the right coin you want to deposit. Bitcoin must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, etc. If you're dealing with a decentralized exchange, like Airswap or DDEX could be divergent (Follow our guide).
Step 3 – Locate (LTC) Litecoin As soon as your deposit has been confirmed, you'll now have access to your funds and you can initiate invest and trading. To purchase (LTC) Litecoin on Binance, you will want to go to the “Exchange” tab and mouse click on “Basic”. To discover (LTC) Litecoin, you'll need to insert the short name of the asset (LTC) into the search box, which is marked in the picture. Be certain of having choosen the right pairing, we have marked this too. Click on “LTC/BTC” to continue.
Step 4 – Purchasing Litecoin (LTC) Once you have found (LTC) Litecoin, you will be given a Chart with Prices (in the Center of the image) and some Order Books (Leftside of the picture). Next we are making our Limit Order. The “Price” field will be automatically filled with the recent tariff (LTC) Litecoin was sold for. You can change this to your desired price. The field with the “Amount” tag is the quantity of LTC you want to purchase. The field with the “Total” tag is the total price in BTC that you'll settle for the whole volumen of LTC. When you're happy, click on “Buy LTC”. Your order will be filled when a Vender trades their LTC for the price you introduced.
Step 5 – Withdraw Litecoin (LTC) Unless you're frequently trading, best advise is not to keep your coins on an Crypto Trader for an extended time period. To take off your (LTC) Litecoin, go to the tab called “Funds” and click on “Withdraw”. (LTC) Litecoin can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find Litecoin (LTC) by using the given drop-down box. Put into the volumen of (LTC) Litecoin you would wish to withdraw. Take into account the presented minimus/fees. Also make sure you have entered your right withdraw address. When you are satisfied, click “Submit”. You could be requested for verfication via phone/email before a take off.