A Step-by-Step-Guide on how to buy Litecoin (LTC) in Estonia
Step 1 – Signup to Kraken In the beginning you'll need to buy units of the bigger currencies. Exchanges commonly accept either Ethereum or Bitcoin in exchange for any other Cryptocurrency. Click below to register and to get your first Ethereum (ETH) or Bitcoin (BTC).
Step 2 – Transfer Your Bitcoin (BTC) or Ethereum (ETH) to an Cryptocurrency Exchange Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is similar. Litecoin (LTC) is available on Binance, so we will use that as an example. Not sure on how to send funds from Coinbase to an Exchange? (Follow this guide) Make sure you've chosen the precise coin you want to deposit. BTC must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, and so forth. If you are working with a decentralized exchange, like Airswap or DDEX could be unlike (Follow our guide).
Step 3 – Find (LTC) Litecoin Once your deposit has been verified, you will instantly 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 after that click on “Basic”. In order to find Litecoin (LTC), you will need to put the short name of the asset (LTC) into the search box, which is marked in the image. Make sure you have selected the proper pairing, we have highlighted this also. Click on “LTC/BTC” to proceed.
Step 4 – Purchase (LTC) Litecoin Once you've discovered Litecoin (LTC), you'll be given a Price Chart (in the Center of the picture) and some Order Books (Leftside of the picture). And now we are creating our own Limit Order. The “Price” field will be filled with the most recent valuation Litecoin (LTC) was sold for. This can be changed to your preferred rate. The “Amount” field is the quantity of LTC you want to purchase. The field with the “Total” tag is the total price in BTC that you will pay for the complete amount of LTC. If you're glad, make a mouse click on “Buy LTC”. Your plan will be filled as soon as a Vender sells their LTC for the price you offered.
Step 5 – Withdraw Litecoin (LTC) Unless you're regularly trading, never keep your crypto coins on an Crypto Exchange for an extended time period. To withdraw your Litecoin (LTC), go to the “Funds” tab and mouse click on “Withdraw”. (LTC) Litecoin can be stored safely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find (LTC) Litecoin by using the given drop-down box. Drop in the quantity of (LTC) Litecoin you would wish to withdraw. Don't forget the displayed minimus/fees. Also make sure you have entered your right withdraw address. When you are glad, make a mouse click on “Submit”. You may be asked for email/phone verification before a take off.