A Step-by-Step-Guide on how to buy Litecoin (LTC) in Christmas Island
Step 1 – Signup to CEX.io You'll first need to purchase one of the major coins. Exchanges normally accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for Altcoins. Follow the Link below for registration and getting your first Ethereum or Bitcoin.
Step 2 – Send Your Bitcoin or Ethereum to an Crypto Exchange Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Crypto Trader now. Every exchange has a deposit form that is similar. Litecoin (LTC) is accessible on Binance, so we're going to use that as an illustration. Not sure on how to send Coinbase funds to an Exchange? (Follow this how-to) Make sure you have chosen the right coin you wish to deposit. BTC must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, and so on. If you're using a decentralized exchange, like Airswap or DDEX could be unlike (Just follow these easy steps).
Step 3 – Find (LTC) Litecoin Once your deposit has been approved, you'll immediately have access to your funds and you can launch purchasing and trading. To buy (LTC) Litecoin on Binance, you'll want to go to the tab which is called “Exchange” and click on “Basic”. To find Litecoin (LTC), you'll need to put the short name of the asset (LTC) into the search-box, which is highlighted in the picture. Be certain of having choosen the correct grouping, we've highlighted this too. Click on “LTC/BTC” to proceed.
Step 4 – Acquisition of (LTC) Litecoin As soon as you've found Litecoin (LTC), you'll be presented with a Chart with Prices (in the Center of the picture) and a few Order Books (on the Left of the image). For now we are creating our Limit Order. The field with the “Price” tag will be filled automatically with the most latest price Litecoin (LTC) was traded for. This can be changed to your desired price. The “Amount” field is the quantity of LTC you want to buy. The “Total” field is the aggregated price in Bitcoin that you'll settle for the complete volumen of LTC. When you're happy, click on “Buy LTC”. Your plan will be filled when a Vender trades their LTC for the price you introduced.
Step 5 – Withdraw (LTC) Litecoin Unless you are regularly trading, best advise is not to keep your crypto coins on an Crypto Exchange for an longer time period. In order to withdraw your (LTC) Litecoin, go to the “Funds” tab and click on “Withdraw”. Litecoin (LTC) can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate Litecoin (LTC) by using the given drop-down box. Drop in the amount of Litecoin (LTC) you'd like to withdraw. Take into account the presented fees/minimums. Also make sure you have entered your right withdraw address. When you're satisfied, click on “Submit”. You could be asked for verfication via phone/email before a withdrawal.