A Step-by-Step-Guide on how to buy Litecoin (LTC) in Denmark
Step 1 – Signup to Coinbase and get 10$ for free You will first need to purchase units of the bigger currencies. Exchanges usually accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for Altcoins. Follow the Link below for registration and to get your welcome 10$.
Step 2 – Transfer Your Ethereum (ETH) or Bitcoin (BTC) to an Crypto Exchange Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Exchange now. All exchanges have a deposit form that is identical. Litecoin (LTC) is obtainable on Binance, so we will use that as an example. Unsure on how to send funds from Coinbase to an Exchange? (Follow this manual) Make sure you have selected the precise coin you want to deposit. BTC must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, etc. In the case you're working with a decentralized exchange, such as Airswap or DDEX could be divergent (Follow these easy steps).
Step 3 – Find Litecoin (LTC) Once your deposit has been confirmed, you'll immediately have access to your assets and you can initiate purchasing and trading. To buy Litecoin (LTC) on Binance, you will want to go to the tab which is called “Exchange” and mouse click on “Basic”. In order to discover Litecoin (LTC), you'll need to put the shortname of the coin (LTC) into the search-box, which is highlighted in the graphic. Be certain of having choosen the correct grouping, we have marked this also. Click on “LTC/BTC” to go on.
Step 4 – Acquisition of Litecoin (LTC) As soon as you've spotted Litecoin (LTC), you'll be given a Price Chart (in the Center of the picture) and a few Order Books (on the Left of the picture). For now we are going to make our Limit Order. The field with the “Price” tag will be filled automatically with the up-to-date rate Litecoin (LTC) was sold for. This can be changed to your desired rate. The field with the “Amount” tag is the volumen of LTC you like to buy. The “Total” field is the aggregated price in Bitcoin that you will pay for the complete amount of LTC. If you're happy, click on “Buy LTC”. Your order will be filled when a Vender trades their LTC for the price you gave.
Step 5 – Withdraw Litecoin (LTC) Unless you're frequently trading, best advise is not to keep your crypto on an Crypto Exchange for an longer period of time. To take off your Litecoin (LTC), go to the tab called “Funds” and mouse click on “Withdraw”. Litecoin (LTC) can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate Litecoin (LTC) by using the provided drop-down box. Enter the volumen of Litecoin (LTC) you would like to withdraw. Don't forget the presented minimus/fees. Also make sure you have entered your precise withdraw address. When you're satisfied, click on “Submit”. You could be requested for email/phone verification ahead of a take off.