A Step-by-Step-Guide on how to buy Litecoin (LTC) in Chad
Step 1 – Signup to Kraken In the beginning you'll need to purchase one of the top-tier currencies. Exchanges normally accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for alternative Coins. Click below to register and to get your welcome Bitcoin (BTC) or Ethereum (ETH).
Step 2 – Transmit Your Ethereum (ETH) or Bitcoin (BTC) to an Cryptocurrency Exchange Your Ethereum or Bitcoin will need to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is identical. Litecoin (LTC) is available on Binance, so we're going to use that as an example. Not sure on how to send Coinbase funds to an Exchange? (Just follow this guide) Make sure you've chosen the correct coin you would like to deposit. BTC must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, etcetera. In the case you're using a decentralized exchange, like Airswap or DDEX could be different (Follow our guide).
Step 3 – Locate (LTC) Litecoin As soon as your deposit has been verified, you'll immediately have access to your funds and you can commence buying and trading. To purchase Litecoin (LTC) on Binance, you will want to go to the “Exchange” tab and after that click on “Basic”. In order to discover Litecoin (LTC), you will need to insert the cointype (LTC) into the search-box, which is marked in the graphic. Be certain of having selected the proper pairing, we have highlighted this too. Click on “LTC/BTC” to progress.
Step 4 – Purchase (LTC) Litecoin Once you've located (LTC) Litecoin, you'll be given a Chart with Prices (in the Center of the image) and some Order Books (Leftside of the picture). Next we are going to make our Limit Order. The field with the “Price” tag will be filled with the up-to-date tariff Litecoin (LTC) was traded for. You can change this to your favoured rate. The “Amount” field is the quantity of LTC you like to purchase. The field with the “Total” tag is the aggregated price in BTC that you will settle for the whole quantity of LTC. If you are glad, click on “Buy LTC”. Your order will be filled as soon as a Vender trades their LTC for the price you gave.
Step 5 – Withdraw (LTC) Litecoin Unless you are regularly trading, never keep your crypto on an Exchange for an extended time period. To take off your Litecoin (LTC), go to the “Funds” tab and mouse click on “Withdraw”. (LTC) Litecoin can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate (LTC) Litecoin by using the provided drop-down box. Enter the amount of (LTC) Litecoin you'd like to take off. Don't forget the demonstrated fees/minimums. Also make sure you have entered your precise withdraw address. When you're happy, click on “Submit”. You may be asked for phone/email verification ahead of a take off.