How to Buy Litecoin (LTC) in Chile

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

Step 1 – Join Kraken

You'll first need to purchase units of the major coins. Exchanges normally accept either Bitcoin or Ethereum in exchange for Altcoins. Follow the Link below to register and receive your first Bitcoin (BTC) or Ethereum (ETH).

Step 2 – Send Your Ethereum (ETH) or Bitcoin (BTC) to an Cryptocurrency Exchange

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 identical. Litecoin (LTC) is obtainable on Binance, so we're going to use that as an sample. Not sure on how to send funds from Coinbase to an Crypto Exchange? (Follow this how-to)

Make sure you have chosen the correct coin you want to deposit.

Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, etc. In the case you're dealing with a decentralized exchange, like Airswap or DDEX could be opposed (Just follow our how-to).

Step 3 – Find (LTC) Litecoin

Once your deposit has been verified, you'll now have access to your assets and you can start buying and trading. To invest in (LTC) Litecoin on Binance, you'll want to go to the tab which is called “Exchange” and then mouse click on “Basic”.

To find (LTC) Litecoin, you'll need to put the short name of the asset (LTC) into the search-box, which is highlighted in the picture. Make sure you have selected the correct grouping, we've marked this too. Click on “LTC/BTC” to proceed.

Step 4 – Purchasing (LTC) Litecoin

As soon as you've found Litecoin (LTC), you will be given a Chart with Prices (in the Center of the picture) and a few Order Books (Leftside of the picture). Next we are creating our own Limit Order.

The field with the “Price” tag will be automatically filled with the recent tariff (LTC) Litecoin was sold for. This can be changed to your preferred price. The “Amount” field is the quantity of LTC you wish to purchase. The field with the “Total” tag is the aggregated price in Bitcoin that you will pay for the complete volumen of LTC.

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

Step 5 – Withdraw Litecoin (LTC)

Unless you're trading, best advise is not to keep crypto on an Cryptocurrency Exchange for an longer time period. To withdraw your (LTC) Litecoin, hover over the tab called “Funds” and mouse click on “Withdraw”. Litecoin (LTC) can be stored safely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

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

When you are glad, make a mouse click on “Submit”. You may be asked for phone/email verification ahead of a withdrawal.

Kudos! You have successfully purchased and stored (LTC) Litecoin in Chile.

That's it!

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