A Step-by-Step-Guide on how to buy Litecoin (LTC) in Colombia
Step 1 – Signup to CEX.io You will first need to buy one of the bigger coins. Exchanges usually accept either Ethereum or Bitcoin in exchange for alternative Coins. Click below for registration and receive your welcome Ethereum or Bitcoin.
Step 2 – Send Your ETH (Ethereum) or BTC (Bitcoin) to an Crypto Exchange Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Crypto Trader now. All exchanges have a deposit form that is alike. Litecoin (LTC) is obtainable on Binance, so we're going to use that as an illustration. Unsure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Just follow this manual) Make sure you've selected the correct coin you would like to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, etc. If you're working with a decentralized exchange, like Airswap or DDEX could be divergent (Just follow our guide).
Step 3 – Find (LTC) Litecoin Once your deposit has been approved, you will immediately have access to your finances and you can start invest and trading. To purchase Litecoin (LTC) on Binance, you'll want to go to the tab which is called “Exchange” and click on “Basic”. In order to discover (LTC) Litecoin, you'll need to insert the short name of the asset (LTC) into the search box, which is highlighted in the image. Be certain of having selected the right grouping, we have marked this too. Click on “LTC/BTC” to progress.
Step 4 – Purchase Litecoin (LTC) After you have located Litecoin (LTC), you'll be presented with a Chart with Prices (in the Center of the image) and some Order Books (on the Left of the image). For now we are going to make our Limit Order. The “Price” field will be automatically filled with the most recent tariff (LTC) Litecoin was traded for. This can be changed to your favoured rate. The field with the “Amount” tag is the quantity of LTC you wish to purchase. The “Total” field is the aggregated price in Bitcoin that you'll settle for the complete amount of LTC. When you're glad, make a mouse click on “Buy LTC”. Your order will be filled as soon as a Seller trades their LTC for the price you submitted.
Step 5 – Withdraw Litecoin (LTC) Unless you're trading, you should never keepyour coins on an Exchange for an longer time frame. To take off your Litecoin (LTC), go to the “Funds” tab and mouse click on “Withdraw”. (LTC) Litecoin can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate (LTC) Litecoin by using the provided drop-down box. Drop in the volumen of Litecoin (LTC) you'd wish to take off. Don't forget the shown minimus/fees. Also make sure you have entered your precise withdraw address. When you're glad, click on “Submit”. You could be asked for email/phone verification before a take off.