How to Buy Litecoin (LTC) in Ecuador

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

Step 1 – Join Kraken

In the beginning you'll need to purchase units of the top-tier currencies. Exchanges usually accept either Ethereum or Bitcoin in exchange for alternative Coins. Click below to register and getting your first ETH (Ethereum) or BTC (Bitcoin).

Step 2 – Send Your Bitcoin or Ethereum to an Exchange

Your Bitcoin or Ethereum will need to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is identical. Litecoin (LTC) is accessible on Binance, so we're going to use that as an illustration. Unsure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Just follow these easy steps)

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

Bitcoin must be sent to a BTC deposit address, ETH to an Ethereum deposit address, and so forth. In the case you're using a decentralized exchange, like Airswap or DDEX could be different (Just follow our manual).

Step 3 – Locate Litecoin (LTC)

As soon as your deposit has been verified, you'll immediately have access to your assets and you can launch buying and trading. To invest in Litecoin (LTC) on Binance, you'll want to hover over the “Exchange” tab and click on “Basic”.

To locate Litecoin (LTC), you will need to insert the shortname of the coin (LTC) into the search-box, which is highlighted in the graphic. Be certain of having selected the right grouping, we've highlighted this too. Click on “LTC/BTC” to go ahead.

Step 4 – Buying Litecoin (LTC)

Once you have located Litecoin (LTC), you will be given a Chart with Prices (in the Center of the picture) and some Order Books (on the Left of the picture). And now we are going to create our Limit Order.

The field with the “Price” tag will be filled with the latest tariff (LTC) Litecoin was sold for. You can change this to your desired price. The field with the “Amount” tag is the amount of LTC you like to purchase. The “Total” field is the aggregated price in BTC that you'll settle for the complete volumen of LTC.

If you're satisfied, make a mouse click on “Buy LTC”. Your plan will be filled when a Vendor trades their LTC for the price you introduced.

Step 5 – Withdraw (LTC) Litecoin

Unless you're regularly trading, never keep your crypto on an Exchange for an extensive 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 provided drop-down box. Put into the quantity of (LTC) Litecoin you'd wish to withdraw. Take into account the displayed minimus/fees. Also make sure you have entered your correct withdraw address.

When you are happy, click on “Submit”. You may be asked for verfication via email/phone ahead of a withdrawal.

Congrats! You've successfully bought and safed Litecoin (LTC) in Ecuador.

That's it!

Withdrawals from Crypto Exchange can durate between 1 – 30 minutes (depending on usage of the network). Once you have proved your take off using Ethplorer.io or Etherscan.io and the Litecoin (LTC) is stored in your wallet, you are finished.