A Step-by-Step-Guide on how to buy Litecoin (LTC) in Dominica
Step 1 – Signup to Kraken In the beginning you'll need to buy one of the top-tier coins. Exchanges commonly accept either Ethereum or Bitcoin in exchange for alternative Coins. Follow the Link below to register and getting your first ETH (Ethereum) or BTC (Bitcoin).
Step 2 – Transmit Your BTC (Bitcoin) or ETH (Ethereum) to an Exchange Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is alike. Litecoin (LTC) is accessible on Binance, so we're going to use that as an illustration. Not sure on how to send Coinbase funds to an Exchange? (Just follow these easy steps) Make sure you have selected the precise 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 are working with a decentralized exchange, such as Airswap or DDEX could be unlike (Just follow our how-to).
Step 3 – Locate (LTC) Litecoin Once your deposit has been approved, you'll immediately have access to your funds and you can initiate invest and trading. To invest in Litecoin (LTC) on Binance, you will want to go to the “Exchange” tab and then click on “Basic”. In order to discover (LTC) Litecoin, you'll need to put the shortname of the coin (LTC) into the search box, which is marked in the image. Be certain of having choosen the correct grouping, we've marked this also. Click on “LTC/BTC” to continue.
Step 4 – Acquisition of (LTC) Litecoin Once you've discovered Litecoin (LTC), you will be presented with a Price Chart (in the Center of the image) and some Order Books (Leftside of the picture). Next we're going to make our Limit Order. The “Price” field will be filled automatically with the most recent valuation Litecoin (LTC) was sold for. You can change this to your favoured price. The “Amount” field is the volumen of LTC you want to buy. The “Total” field is the whole price in Bitcoin that you'll pay for the complete volumen of LTC. If you're happy, click on “Buy LTC”. Your plan will be filled as soon as a Vender trades their LTC for the price you submitted.
Step 5 – Withdraw (LTC) Litecoin Unless you're frequently trading, best advise is not to keep crypto on an Cryptocurrency Exchange for an longer period of time. To withdraw your Litecoin (LTC), hover over the “Funds” tab and mouse click on “Withdraw”. Litecoin (LTC) can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find (LTC) Litecoin by using the provided drop-down box. Put into the quantity of Litecoin (LTC) you'd like to withdraw. Don't forget the demonstrated minimus/fees. Also make sure you have filled your right withdraw address. If you're happy, make a mouse click on “Submit”. You could be requested for email/phone verification before a withdrawal.