A Step-by-Step-Guide on how to buy Litecoin (LTC) in Equatorial Guinea
Step 1 – Signup to Kraken You will first need to purchase units of the bigger coins. Exchanges normally accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for any other Cryptocurrency. Follow the Link below to register and getting your first Bitcoin or Ethereum.
Step 2 – Transfer Your Ethereum (ETH) or Bitcoin (BTC) to an Crypto Exchange Your Bitcoin or Ethereum has to be sent over to an Crypto Trader now. All exchanges have a deposit form that is similar. Litecoin (LTC) is accessible on Binance, so we're going to use that as an example. Unsure on how to send Coinbase funds to an Crypto Exchange? (Follow this manual) Make sure you have selected the right coin you wish to deposit. BTC must be sent to a BTC deposit address, ETH to an Ethereum deposit address, and so forth. In the case you are working with a decentralized exchange, like Airswap or DDEX could be different (Just follow our manual).
Step 3 – Find (LTC) Litecoin As soon as your deposit has been approved, you will now have access to your funds and you can launch purchasing and trading. To purchase Litecoin (LTC) on Binance, you will want to go to the tab which is called “Exchange” and mouse click on “Basic”. To spot Litecoin (LTC), you'll need to insert the cointype (LTC) into the search-box, which is marked in the image. Make sure you have choosen the proper pairing, we have marked this also. Click on “LTC/BTC” to continue.
Step 4 – Buy Litecoin (LTC) Once you've found (LTC) Litecoin, you'll be given a Chart with Prices (in the Center of the image) and some Order Books (on the Left of the picture). Next we are making our Limit Order. The field with the “Price” tag will be filled automatically with the up-to-date tariff (LTC) Litecoin was sold for. This can be changed to your favoured price. The “Amount” field is the volumen of LTC you want to purchase. The field with the “Total” tag is the whole price in Bitcoin that you will settle for the complete quantity of LTC. If you're glad, make a mouse click on “Buy LTC”. Your order will be filled when a Vendor trades their LTC for the price you submitted.
Step 5 – Withdraw (LTC) Litecoin Unless you are trading, never keep your crypto on an Cryptocurrency Exchange for an extended time frame. To withdraw your (LTC) Litecoin, go to the tab called “Funds” and click on “Withdraw”. Litecoin (LTC) can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate Litecoin (LTC) by using the given drop-down box. Drop in the amount of (LTC) Litecoin you'd wish to take off. Don't forget the shown fees/minimums. Also make sure you have filled your precise withdraw address. If you are satisfied, make a mouse click on “Submit”. You could be asked for verfication via phone/email before a withdrawal.