How to Buy Litecoin (LTC) in China

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

Step 1 – Join Kraken

In the beginning you'll need to purchase one of the major coins. Exchanges commonly accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for any other Cryptocurrency. Click the button below for registration and getting your welcome Ethereum or Bitcoin.

Step 2 – Send Your ETH (Ethereum) or BTC (Bitcoin) to an Crypto Trader

Your Bitcoin or Ethereum has to be sent over to an Exchange now. All exchanges have a deposit form that is identical. Litecoin (LTC) is available on Binance, so we will use that as an example. Unsure on how to send Coinbase funds to an Crypto Exchange? (Just follow these easy steps)

Make sure you have chosen the right coin you would like to deposit.

Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, etcetera. If you're dealing with a decentralized exchange, like Airswap or DDEX could be opposed (Follow these easy steps).

Step 3 – Locate Litecoin (LTC)

As soon as your deposit has been approved, you will now have access to your assets and you can begin invest and trading. To purchase Litecoin (LTC) on Binance, you will want to go to the tab which is called “Exchange” and after that mouse click on “Basic”.

To find Litecoin (LTC), you will need to insert the shortname of the coin (LTC) into the search-box, which is highlighted in the picture. Make sure you have selected the correct grouping, we've highlighted this too. Click on “LTC/BTC” to go ahead.

Step 4 – Purchase Litecoin (LTC)

Once you've located (LTC) Litecoin, you will be given a Chart with Prices (in the Center of the image) and a few Order Books (on the Left of the picture). Next we are going to make our own Limit Order.

The “Price” field will be filled automatically with the most up-to-date valuation Litecoin (LTC) was traded for. This can be changed to your preferred price. The field with the “Amount” tag is the amount of LTC you wish to purchase. The “Total” field is the total price in Bitcoin that you will settle for the complete amount of LTC.

When you're happy, click on “Buy LTC”. Your order will be filled when a Vendor sells their LTC for the price you gave.

Step 5 – Withdraw Litecoin (LTC)

Unless you're frequently trading, never keep your coins on an Cryptocurrency Exchange for an longer period of time. In order to take off your Litecoin (LTC), go to the “Funds” tab and mouse click on “Withdraw”. Litecoin (LTC) can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate (LTC) Litecoin by using the given drop-down box. Put into the volumen of (LTC) Litecoin you would wish to take off. Don't forget the displayed minimus/fees. Also make sure you have filled your precise withdraw address.

If you're happy, click on “Submit”. You may be requested for email/phone verification ahead of a take off.

Congrats! You have successfully bought and safed (LTC) Litecoin in China.

That's it!

Withdrawals from Exchange can take between 1 – 30 minutes (depending on usage of the network). Once you've proved your withdrawal with Etherscan.io or Ethplorer.io and the (LTC) Litecoin is safe within your wallet, you're done.