How to Buy Litecoin (LTC) in Eritrea

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

Step 1 – Join Kraken

In the beginning you'll need to purchase units of the top-tier coins. Exchanges usually accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for any other Cryptocurrency. Click the button below for registration and receive your first ETH (Ethereum) or BTC (Bitcoin).

Step 2 – Transfer Your Bitcoin or Ethereum to an Crypto Exchange

Your Bitcoin or Ethereum will need to be sent over to an Exchange now. Every exchange has a deposit form that is identical. Litecoin (LTC) is obtainable on Binance, so we're going to use that as an example. Not sure on how to send Coinbase funds to an Cryptocurrency Exchange? (Follow these easy steps)

Make sure you have selected the precise coin you would like to deposit.

Bitcoin must be sent to a BTC deposit address, Ethereum to an ETH deposit address, etc. If you're dealing with a decentralized exchange, such as Airswap or DDEX could be different (Just follow our how-to).

Step 3 – Find Litecoin (LTC)

Once your deposit has been verified, you'll now have access to your assets and you can commence invest and trading. To buy Litecoin (LTC) on Binance, you will want to go to the tab which is called “Exchange” and after that click on “Basic”.

To discover Litecoin (LTC), you will need to insert the short name of the asset (LTC) into the search-box, which is highlighted in the graphic. Be certain of having choosen the right pairing, we have marked this also. Click on “LTC/BTC” to go on.

Step 4 – Purchasing (LTC) Litecoin

After you have located Litecoin (LTC), you'll 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 creating our Limit Order.

The “Price” field will be automatically filled with the latest tariff (LTC) Litecoin was traded for. You can change this to your desired rate. The field with the “Amount” tag is the amount of LTC you like to purchase. The “Total” field is the whole price in Bitcoin that you will pay for the whole volumen of LTC.

If you are glad, make a mouse click on “Buy LTC”. Your plan will be filled when a Vendor trades their LTC for the price you submitted.

Step 5 – Withdraw Litecoin (LTC)

Unless you are regularly trading, best advise is not to keep your crypto on an Crypto Exchange for an extensive period of time. To withdraw your (LTC) Litecoin, go to the “Funds” tab and click on “Withdraw”. Litecoin (LTC) can be stored safely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Locate (LTC) Litecoin by using the provided drop-down box. Put into the amount of Litecoin (LTC) you'd like to take off. Don't forget the displayed minimus/fees. Also make sure you have filled your right withdraw address.

When you're satisfied, click on “Submit”. You may be asked for email/phone verification ahead of a withdrawal.

Congrats! You've successfully purchased and safed (LTC) Litecoin in Eritrea.

That's it!

Withdrawals from Crypto Exchange can durate anywhere from 1 – 30 minutes (rely on network usage). As soon as you've proved your withdrawal using Ethplorer.io or Etherscan.io and the Litecoin (LTC) is stored within your wallet, you are all done.