A Step-by-Step-Guide on how to buy Litecoin (LTC) in Denmark
Step 1 – Join Kraken You'll first need to purchase units of the major currencies. Exchanges normally accept either Bitcoin or Ethereum in exchange for Altcoins. Click below to register and receive your first ETH (Ethereum) or BTC (Bitcoin).
Step 2 – Send Your Ethereum (ETH) or Bitcoin (BTC) to an Exchange Your Ethereum or Bitcoin has to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is similar. Litecoin (LTC) is accessible on Binance, so we will use that as an example. Unsure on how to send Coinbase funds to an Crypto Exchange? (Follow this guide) Make sure you've selected the exact coin you wish to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, et cetera. In the case you are using a decentralized exchange, such as Airswap or DDEX could be divergent (Just follow our guide).
Step 3 – Find Litecoin (LTC) As soon as your deposit has been approved, you'll immediately have access to your funds and you can start invest and trading. To purchase Litecoin (LTC) on Binance, you'll want to hover over the “Exchange” tab and mouse click on “Basic”. In order to find Litecoin (LTC), you'll need to insert the shortname of the coin (LTC) into the search box, which is highlighted in the picture. Make sure you have selected the correct pairing, we've marked this also. Click on “LTC/BTC” to go on.
Step 4 – Purchase Litecoin (LTC) As soon as you have spotted (LTC) Litecoin, you will be given a Price Chart (in the Center of the picture) and some Order Books (on the Left of the image). Next we're going to make our Limit Order. The field with the “Price” tag will be filled with the recent tariff Litecoin (LTC) was sold for. This can be changed to your favoured price. The field with the “Amount” tag is the volumen of LTC you want to buy. The field with the “Total” tag is the aggregated price in BTC that you will settle for the complete amount of LTC. When you are happy, click on “Buy LTC”. Your order will be filled as soon as a Vender sells their LTC for the price you offered.
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. In order to withdraw your (LTC) Litecoin, hover over the tab called “Funds” and mouse click on “Withdraw”. Litecoin (LTC) can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate (LTC) Litecoin by using the given drop-down box. Put into the quantity of (LTC) Litecoin you would like to take off. Take into account the presented fees/minimums. Also make sure you have filled your precise withdraw address. When you're glad, make a mouse click on “Submit”. You may be asked for verfication via phone/email before a withdrawal.