How to Buy Litecoin (LTC) in Bulgaria

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

Step 1 – Join Kraken

In the beginning you'll need to buy units of the top-tier currencies. Exchanges usually accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for any other Cryptocurrency. Click below for registration and getting your first Bitcoin (BTC) or Ethereum (ETH).

Step 2 – Transfer Your Bitcoin or Ethereum to an Crypto Trader

Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is alike. Litecoin (LTC) is available on Binance, so we're going to use that as an illustration. Not sure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Follow these easy steps)

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

BTC must be sent to a BTC deposit address, Ethereum to an ETH deposit address, and so forth. In the case you're working with a decentralized exchange, like Airswap or DDEX could be different (Just follow these easy steps).

Step 3 – Find (LTC) Litecoin

As soon as your deposit has been confirmed, you'll immediately have access to your funds and you can launch purchasing and trading. To buy (LTC) Litecoin on Binance, you will want to hover over the tab which is called “Exchange” and then mouse click on “Basic”.

To spot Litecoin (LTC), you will need to put the cointype (LTC) into the search box, which is marked in the graphic. Be certain of having choosen the proper grouping, we have highlighted this too. Click on “LTC/BTC” to continue.

Step 4 – Purchase Litecoin (LTC)

After you've spotted (LTC) Litecoin, you will be presented with a Price Chart (in the Center of the image) and a few Order Books (on the Left of the picture). And now we're going to make our Limit Order.

The field with the “Price” tag will be filled with the most recent price (LTC) Litecoin was sold 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 will settle for the complete quantity of LTC.

When you are happy, click on “Buy LTC”. Your order will be filled as soon as a Seller trades their LTC for the price you submitted.

Step 5 – Withdraw Litecoin (LTC)

Unless you're frequently trading, best advise is not to keep your crypto on an Crypto Trader for an extended period of time. In order to withdraw your (LTC) Litecoin, go to the “Funds” tab and mouse click on “Withdraw”. Litecoin (LTC) can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Litecoin (LTC) by using the given drop-down box. Enter the amount of (LTC) Litecoin you would like to withdraw. Don't forget the displayed minimus/fees. Also make sure you have filled your right withdraw address.

When you are satisfied, make a mouse click on “Submit”. You may be asked for email/phone verification before a take off.

Congratulations! You have successfully bought and stored Litecoin (LTC) in Bulgaria.

That's it!

Take offs from Exchange can durate anywhere from 1 – 30 minutes (depending on network usage). As soon as you have proved your take off with Etherscan.io or Ethplorer.io and the Litecoin (LTC) is stored within your wallet, you are done.