A Step-by-Step-Guide on how to buy Litecoin (LTC) in Central African Republic
Step 1 – Signup to Coinbase and get 10$ for free You will first need to buy one of the bigger currencies. Exchanges commonly accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for Altcoins. Follow the Link below to register and receive your first 10 Dollar.
Step 2 – Send Your Bitcoin (BTC) or Ethereum (ETH) to an Exchange Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Crypto Exchange now. Every exchange has 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 Coinbase funds to an Crypto Trader? (Follow this how-to) Make sure you have chosen the correct coin you would like to deposit. Bitcoin must be sent to a BTC deposit address, ETH to an Ethereum deposit address, etcetera. In the case you are dealing with a decentralized exchange, like Airswap or DDEX could be different (Follow these easy steps).
Step 3 – Locate (LTC) Litecoin Once your deposit has been verified, you will now have access to your funds and you can start buying and trading. To purchase (LTC) Litecoin on Binance, you'll want to go to the tab which is called “Exchange” and then mouse click on “Basic”. In order to spot (LTC) Litecoin, you'll need to put the cointype (LTC) into the search-box, which is highlighted in the picture. Be certain of having choosen the proper grouping, we have highlighted this too. Click on “LTC/BTC” to proceed.
Step 4 – Buying Litecoin (LTC) After you've discovered (LTC) Litecoin, you'll be presented with a Price Chart (in the Center of the picture) and a few Order Books (on the Left of the image). Next we are making our Limit Order. The field with the “Price” tag will be filled automatically with the latest tariff (LTC) Litecoin was sold for. This can be changed to your preferred price. The “Amount” field is the volumen of LTC you wish to buy. The field with the “Total” tag is the total price in BTC that you will pay for the whole amount of LTC. If you are satisfied, click on “Buy LTC”. Your order will be filled as soon as a Vendor sells their LTC for the price you submitted.
Step 5 – Withdraw (LTC) Litecoin Unless you're frequently trading, best advise is not to keep coins on an Exchange for an longer period of time. To withdraw your (LTC) Litecoin, go to the “Funds” tab 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 provided drop-down box. Put into the quantity of (LTC) Litecoin you'd like to take off. Take into account the shown fees/minimums. Also make sure you have filled your precise withdraw address. When you are glad, make a mouse click on “Submit”. You could be asked for verfication via email/phone before a withdrawal.