A Step-by-Step-Guide on how to buy Litecoin (LTC) in Cabo Verde
Step 1 – Signup to Kraken You will first need to buy one of the bigger coins. Exchanges normally accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for alternative Coins. Follow the Link below for registration and receive your first ETH (Ethereum) or BTC (Bitcoin).
Step 2 – Send Your BTC (Bitcoin) or ETH (Ethereum) to an Cryptocurrency Exchange Your Ethereum or Bitcoin will need to be sent over to an Crypto Trader now. Every exchange has a deposit form that is alike. Litecoin (LTC) is available on Binance, so we will use that as an illustration. Unsure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Follow this guide) Make sure you've selected the exact coin you would like to deposit. BTC must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, et cetera. If you're working with a decentralized exchange, such as Airswap or DDEX could be opposed (Just follow our guide).
Step 3 – Locate (LTC) Litecoin Once your deposit has been approved, you will instantly have access to your funds and you can begin invest and trading. To purchase Litecoin (LTC) on Binance, you will want to hover over the tab which is called “Exchange” and after that click on “Basic”. To discover Litecoin (LTC), you'll need to insert the shortname of the coin (LTC) into the search box, which is marked in the image. Be certain of having selected the right grouping, we've marked this also. Click on “LTC/BTC” to continue.
Step 4 – Purchasing Litecoin (LTC) Once you've found Litecoin (LTC), you will be presented with a Chart with Prices (in the Center of the image) and some Order Books (Leftside of the image). Next we are going to make our Limit Order. The field with the “Price” tag will be automatically filled with the up-to-date valuation Litecoin (LTC) was traded for. You can change this to your desired price. The field with the “Amount” tag is the volumen of LTC you wish to buy. The “Total” field is the aggregated price in Bitcoin that you'll settle for the complete amount of LTC. If you're glad, make a mouse click on “Buy LTC”. Your order will be filled as soon as a Vendor trades their LTC for the price you submitted.
Step 5 – Withdraw Litecoin (LTC) Unless you are regularly trading, you should never keepyour coins on an Cryptocurrency Exchange for an extended time period. In order to withdraw your (LTC) Litecoin, hover over the tab called “Funds” and mouse 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 amount of Litecoin (LTC) you'd wish to take off. Take into account the presented minimus/fees. Also make sure you have filled your correct withdraw address. If you're satisfied, click on “Submit”. You may be asked for email/phone verification ahead of a take off.