How to Buy Litecoin (LTC) in Dominican Republic

A Step-by-Step-Guide on how to buy Litecoin (LTC) in Dominican Republic

Step 1 – Signup to Kraken

In the beginning you'll need to purchase units of the major currencies. Exchanges normally accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for alternative Coins. Follow the Link below for registration and receive your first ETH (Ethereum) or BTC (Bitcoin).

Step 2 – Transfer Your Ethereum (ETH) or Bitcoin (BTC) to an Exchange

Your Bitcoin or Ethereum will need to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is similar. Litecoin (LTC) is obtainable on Binance, so we're going to use that as an illustration. Unsure on how to send Coinbase funds to an Exchange? (Follow this how-to)

Make sure you have selected the correct coin you wish to deposit.

BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, etc. If you're dealing with a decentralized exchange, like Airswap or DDEX could be opposed (Follow our guide).

Step 3 – Find Litecoin (LTC)

As soon as your deposit has been affirmed, you'll directly have access to your funds and you can launch buying and trading. To buy (LTC) Litecoin on Binance, you'll want to go to the “Exchange” tab and after that mouse click on “Basic”.

To locate (LTC) Litecoin, you will need to put the shortname of the coin (LTC) into the search-box, which is marked in the picture. Make sure you have selected the right pairing, we've highlighted this also. Click on “LTC/BTC” to go ahead.

Step 4 – Purchase Litecoin (LTC)

Once you have discovered (LTC) Litecoin, you'll be given a Chart with Prices (in the Center of the image) and a few Order Books (on the Left of the picture). For now we're going to make our own Limit Order.

The field with the “Price” tag will be filled automatically with the latest valuation (LTC) Litecoin was traded for. This can be changed to your favoured price. The “Amount” field is the volumen of LTC you want to buy. The field with the “Total” tag is the total price in Bitcoin that you will settle for the whole amount of LTC.

When you're satisfied, 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 Litecoin (LTC)

Unless you are trading, you should never keepyour crypto on an Exchange for an extended 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 securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate (LTC) Litecoin by using the provided drop-down box. Put into the volumen of (LTC) Litecoin you'd like to take off. Take into account the displayed fees/minimums. Also make sure you have entered your right withdraw address.

If you're happy, make a mouse click on “Submit”. You could be requested for verfication via email/phone ahead of a take off.

Kudos! You've successfully purchased and stored Litecoin (LTC) in Dominican Republic.

That's it!

Take offs from Exchange can take between 1 – 30 minutes (depending on usage of the network). As soon as you have confirmed your take off with Ethplorer.io or Etherscan.io and the (LTC) Litecoin is stored in your wallet, you're finished.