A Step-by-Step-Guide on how to buy Litecoin (LTC) in Cook Islands
Step 1 – Signup to Kraken You'll first need to buy units of the bigger currencies. Exchanges normally accept either Bitcoin or Ethereum in exchange for any other Cryptocurrency. Follow the Link below for registration and getting your welcome ETH (Ethereum) or BTC (Bitcoin).
Step 2 – Transfer Your Bitcoin (BTC) or Ethereum (ETH) to an Exchange Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Exchange now. Every exchange has a deposit form that is identical. Litecoin (LTC) is obtainable on Binance, so we will use that as an illustration. Not sure on how to send Coinbase funds to an Cryptocurrency Exchange? (Just follow these easy steps) Make sure you've chosen the exact coin you wish to deposit. BTC must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, and so on. In the case you're working with a decentralized exchange, such as Airswap or DDEX could be different (Follow our guide).
Step 3 – Locate (LTC) Litecoin Once your deposit has been approved, you will now have access to your assets and you can start purchasing and trading. To buy Litecoin (LTC) on Binance, you'll want to go to the “Exchange” tab and click on “Basic”. To spot (LTC) Litecoin, you will need to put the cointype (LTC) into the search box, which is highlighted in the graphic. Make sure you have selected the proper grouping, we've marked this also. Click on “LTC/BTC” to go on.
Step 4 – Buying (LTC) Litecoin As soon as you have found Litecoin (LTC), you'll be presented with a Price Chart (in the Center of the image) and some Order Books (Leftside of the image). Next we are going to create our Limit Order. The “Price” field will be filled automatically with the up-to-date price Litecoin (LTC) was sold for. You can change this to your preferred price. The “Amount” field is the quantity 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. If you're glad, make a mouse click on “Buy LTC”. Your order will be filled when a Vender sells their LTC for the price you submitted.
Step 5 – Withdraw Litecoin (LTC) Unless you are trading, best advise is not to keep your coins on an Cryptocurrency Exchange for an extended time frame. In order to take off your (LTC) Litecoin, go to the tab called “Funds” and mouse click on “Withdraw”. Litecoin (LTC) can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate Litecoin (LTC) by using the given drop-down box. Enter the amount of (LTC) Litecoin you'd wish to take off. Don't forget the presented minimus/fees. Also make sure you have entered your correct withdraw address. If you're glad, make a mouse click on “Submit”. You may be asked for phone/email verification ahead of a withdrawal.