A Step-by-Step-Guide on how to buy Litecoin (LTC) in Bermuda
Step 1 – Signup to Coinbase and get 10$ for free You will first need to purchase one of the top-tier coins. Exchanges usually accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for any other Cryptocurrency. Click below to register and getting your welcome $10.
Step 2 – Transmit Your Ethereum (ETH) or Bitcoin (BTC) to an Cryptocurrency Exchange Your Ethereum or Bitcoin will need to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is similar. Litecoin (LTC) is accessible on Binance, so we're going to use that as an example. Not sure on how to send Coinbase funds to an Cryptocurrency Exchange? (Just follow this guide) Make sure you've chosen the correct coin you wish to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, and so forth. If you are dealing with a decentralized exchange, like Airswap or DDEX could be divergent (Just follow our manual).
Step 3 – Find Litecoin (LTC) As soon as your deposit has been affirmed, you'll now have access to your finances and you can commence purchasing and trading. To invest in (LTC) Litecoin on Binance, you will want to hover over the tab which is called “Exchange” and then click on “Basic”. To spot Litecoin (LTC), you will need to put the shortname of the coin (LTC) into the search-box, which is marked in the picture. Be certain of having selected the proper pairing, we have highlighted this also. Click on “LTC/BTC” to continue.
Step 4 – Buy (LTC) Litecoin Once you have found Litecoin (LTC), you'll be presented with a Chart with Prices (in the Center of the picture) and a few Order Books (Leftside of the picture). And now we are making our Limit Order. The “Price” field will be automatically filled with the recent rate (LTC) Litecoin was traded for. You can change this to your preferred rate. The field with the “Amount” tag is the quantity of LTC you wish to buy. The field with the “Total” tag is the whole price in Bitcoin that you'll pay for the whole volumen of LTC. If you are happy, click on “Buy LTC”. Your order will be filled when a Seller sells their LTC for the price you gave.
Step 5 – Withdraw Litecoin (LTC) Unless you're regularly trading, best advise is not to keep your coins on an Crypto Exchange for an extended period of time. In order to take off your (LTC) Litecoin, hover over the tab called “Funds” and 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 would like to take off. Don't forget the demonstrated fees/minimums. Also make sure you have filled your right withdraw address. When you're happy, click on “Submit”. You could be requested for email/phone verification ahead of a take off.