A Step-by-Step-Guide on how to buy Litecoin (LTC) in Botswana
Step 1 – Signup to Kraken In the beginning you'll need to purchase one of the major coins. Exchanges commonly accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for alternative Coins. Follow the Link below for registration and getting your first ETH (Ethereum) or BTC (Bitcoin).
Step 2 – Transfer Your Ethereum (ETH) or Bitcoin (BTC) to an Crypto Trader Your Ethereum (ETH) or Bitcoin (BTC) 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 example. Not sure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Follow this manual) Make sure you have chosen the exact coin you would like to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etcetera. If you are using a decentralized exchange, like Airswap or DDEX could be different (Just follow these easy steps).
Step 3 – Find Litecoin (LTC) As soon as your deposit has been verified, you'll directly have access to your funds and you can start buying and trading. To buy (LTC) Litecoin on Binance, you will want to go to the “Exchange” tab and mouse click on “Basic”. To locate (LTC) Litecoin, you'll need to put 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 marked this too. Click on “LTC/BTC” to progress.
Step 4 – Buying (LTC) Litecoin After you've found Litecoin (LTC), you'll be given a Chart with Prices (in the Center of the picture) and some Order Books (Leftside of the picture). For now we are going to create our own Limit Order. The field with the “Price” tag will be filled with the up-to-date tariff Litecoin (LTC) was sold for. This can be changed to your preferred price. The “Amount” field is the quantity of LTC you want to purchase. The “Total” field is the whole price in BTC that you will settle for the complete volumen of LTC. If you are satisfied, make a mouse click on “Buy LTC”. Your order will be filled when a Seller sells their LTC for the price you submitted.
Step 5 – Withdraw Litecoin (LTC) Unless you are trading, best advise is not to keep your crypto on an Crypto Trader for an extensive time period. In order to withdraw your Litecoin (LTC), go to the tab called “Funds” and click on “Withdraw”. (LTC) Litecoin can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find (LTC) Litecoin by using the provided drop-down box. Put into the amount of (LTC) Litecoin you'd wish to withdraw. Don't forget the displayed fees/minimums. Also make sure you have filled your correct withdraw address. If you are happy, click on “Submit”. You may be requested for verfication via email/phone ahead of a take off.