A Step-by-Step-Guide on how to buy Litecoin (LTC) in Djibouti
Step 1 – Join Kraken In the beginning you'll need to purchase units of the major currencies. Exchanges normally accept either Ethereum or Bitcoin in exchange for Altcoins. Click the button below for registration and getting your welcome ETH (Ethereum) or BTC (Bitcoin).
Step 2 – Send Your BTC (Bitcoin) or ETH (Ethereum) to an Crypto Exchange Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is identical. Litecoin (LTC) is available on Binance, so we're going to use that as an sample. Not sure on how to send Coinbase funds to an Crypto Trader? (Follow this manual) Make sure you've chosen the exact coin you would like to deposit. BTC must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, et cetera. If you're working with a decentralized exchange, such as Airswap or DDEX could be divergent (Follow these easy steps).
Step 3 – Locate (LTC) Litecoin As soon as your deposit has been affirmed, you'll directly have access to your funds and you can commence buying and trading. To invest in (LTC) Litecoin on Binance, you will want to go to the tab which is called “Exchange” and after that click on “Basic”. To find (LTC) Litecoin, you'll need to put the shortname of the coin (LTC) into the search box, which is highlighted in the image. Be certain of having selected the right grouping, we've marked this too. Click on “LTC/BTC” to go on.
Step 4 – Acquisition of (LTC) Litecoin Once you have discovered Litecoin (LTC), you will be presented with a Chart with Prices (in the Center of the picture) and a few Order Books (on the Left of the image). For now we are going to create our own Limit Order. The “Price” field will be filled with the most latest valuation (LTC) Litecoin was traded for. This can be changed to your preferred price. The field with the “Amount” tag is the quantity of LTC you wish to buy. The “Total” field is the aggregated price in Bitcoin that you will pay for the complete volumen of LTC. When you're happy, click on “Buy LTC”. Your plan will be filled when a Seller trades their LTC for the price you offered.
Step 5 – Withdraw (LTC) Litecoin Unless you're regularly trading, never keep your crypto on an Exchange for an longer time frame. To withdraw your (LTC) Litecoin, go to the “Funds” tab and mouse click on “Withdraw”. (LTC) Litecoin can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find Litecoin (LTC) by using the given drop-down box. Drop in the amount of Litecoin (LTC) you would wish to withdraw. Don't forget the shown fees/minimums. Also make sure you have entered your right withdraw address. If you're happy, click on “Submit”. You could be asked for phone/email verification ahead of a take off.