How to Buy Litecoin (LTC) in Burkina Faso

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

Step 1 – Signup to Kraken

In the beginning you'll need to purchase one of the top-tier coins. Exchanges commonly accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for Altcoins. Click the button below for registration and to get your welcome ETH (Ethereum) or BTC (Bitcoin).

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

Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Exchange now. Every exchange has a deposit form that is similar. Litecoin (LTC) is accessible on Binance, so we will use that as an sample. Not sure on how to send funds from Coinbase to an Crypto Trader? (Follow these easy steps)

Make sure you have selected the precise coin you want to deposit.

BTC must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, etcetera. If you're dealing with a decentralized exchange, such as Airswap or DDEX could be divergent (Follow our manual).

Step 3 – Find Litecoin (LTC)

Once your deposit has been approved, you will instantly have access to your funds and you can launch buying and trading. To buy Litecoin (LTC) on Binance, you will want to hover over the “Exchange” tab and after that click on “Basic”.

To discover Litecoin (LTC), you'll need to put the short name of the asset (LTC) into the search box, which is highlighted in the graphic. Make sure you have choosen the correct pairing, we have highlighted this also. Click on “LTC/BTC” to continue.

Step 4 – Purchase Litecoin (LTC)

Once you have spotted (LTC) Litecoin, you'll be given a Chart with Prices (in the Center of the picture) and some Order Books (Leftside of the image). And now we are going to create our Limit Order.

The field with the “Price” tag will be filled automatically with the up-to-date tariff Litecoin (LTC) was sold for. You can change this to your preferred price. The field with the “Amount” tag is the amount of LTC you like to purchase. The “Total” field is the whole price in Bitcoin that you will pay for the complete volumen of LTC.

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

Step 5 – Withdraw Litecoin (LTC)

Unless you're frequently trading, never keep your crypto coins on an Crypto Exchange for an extensive period of time. In order to take off your Litecoin (LTC), hover over the “Funds” tab and click on “Withdraw”. (LTC) Litecoin can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Find Litecoin (LTC) by using the given drop-down box. Drop in the volumen of Litecoin (LTC) you'd like to withdraw. Take into account the presented minimus/fees. Also make sure you have filled your right withdraw address.

If you're satisfied, click “Submit”. You could be asked for verfication via phone/email ahead of a take off.

Congrats! You've successfully bought and stored Litecoin (LTC) in Burkina Faso.

That's it!

Take offs from Cryptocurrency Exchange can durate anywhere from 1 – 30 minutes (rely on usage of the network). As soon as you've proved your withdrawal with Etherscan.io or Ethplorer.io and the Litecoin (LTC) is safe inside your wallet, you are finished.