A Step-by-Step-Guide on how to buy Litecoin (LTC) in Comoros
Step 1 – Signup to Kraken You'll first need to purchase one of the bigger coins. Exchanges commonly accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for any other Cryptocurrency. Follow the Link below to register and receive your welcome Bitcoin (BTC) or Ethereum (ETH).
Step 2 – Send Your BTC (Bitcoin) or ETH (Ethereum) to an Exchange Your Ethereum or Bitcoin will need to be sent over to an Crypto Trader now. Every exchange has a deposit form that is identical. Litecoin (LTC) is obtainable on Binance, so we will use that as an sample. Not sure on how to send Coinbase funds to an Exchange? (Follow this guide) Make sure you have chosen the exact coin you wish to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, etc. In the case you're using a decentralized exchange, such as Airswap or DDEX could be different (Follow our manual).
Step 3 – Locate Litecoin (LTC) As soon as your deposit has been approved, you'll directly have access to your finances and you can launch invest and trading. To buy Litecoin (LTC) on Binance, you'll want to go to the tab which is called “Exchange” and then click on “Basic”. In order to spot (LTC) Litecoin, you will need to insert the cointype (LTC) into the search box, which is highlighted in the graphic. Make sure you have selected the right pairing, we've marked this too. Click on “LTC/BTC” to continue.
Step 4 – Buying (LTC) Litecoin As soon as you have discovered Litecoin (LTC), you'll be given a Price Chart (in the Center of the image) and some Order Books (Leftside of the image). And now we're going to make our Limit Order. The “Price” field will be filled automatically with the most latest rate (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 buy. The “Total” field is the whole price in BTC that you will settle for the whole volumen of LTC. When you are satisfied, click on “Buy LTC”. Your order will be filled when a Vendor trades their LTC for the price you gave.
Step 5 – Withdraw (LTC) Litecoin Unless you're regularly trading, you should never keepyour crypto on an Crypto Trader for an extended time frame. To take off your (LTC) Litecoin, go to the tab called “Funds” and mouse click on “Withdraw”. Litecoin (LTC) can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find Litecoin (LTC) by using the given drop-down box. Put into the quantity of (LTC) Litecoin you would like to withdraw. Take into account the shown minimus/fees. Also make sure you have filled your precise withdraw address. If you're glad, click on “Submit”. You may be requested for email/phone verification ahead of a take off.