A Step-by-Step-Guide on how to buy Litecoin (LTC) in Ethiopia
Step 1 – Signup to Kraken You will first need to purchase units of the bigger coins. Exchanges usually accept either Ethereum or Bitcoin in exchange for any other Cryptocurrency. Click the button below to register and receive your first BTC (Bitcoin) or ETH (Ethereum).
Step 2 – Transmit Your Ethereum or Bitcoin to an Crypto Exchange Your Ethereum or Bitcoin will need to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is alike. Litecoin (LTC) is available on Binance, so we will use that as an illustration. Unsure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Just follow this manual) Make sure you've selected the exact coin you would like to deposit. BTC must be sent to a BTC deposit address, ETH to an Ethereum deposit address, and so on. If you're using a decentralized exchange, like Airswap or DDEX could be opposed (Just follow these easy steps).
Step 3 – Locate (LTC) Litecoin Once your deposit has been confirmed, you'll directly have access to your finances and you can start purchasing and trading. To purchase Litecoin (LTC) on Binance, you'll want to go to the tab which is called “Exchange” and mouse click on “Basic”. In order to discover (LTC) Litecoin, you will need to put the short name of the asset (LTC) into the search-box, which is highlighted in the graphic. Be certain of having choosen the proper grouping, we have marked this too. Click on “LTC/BTC” to progress.
Step 4 – Purchase (LTC) Litecoin After you've spotted (LTC) Litecoin, you'll be presented with a Price Chart (in the Center of the image) and some Order Books (on the Left of the image). For now we're making our Limit Order. The field with the “Price” tag will be filled with the most latest tariff (LTC) Litecoin was traded for. This can be changed to your favoured rate. The field with the “Amount” tag is the amount of LTC you want to purchase. The field with the “Total” tag is the whole price in BTC that you will pay for the complete volumen of LTC. If you're happy, 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 (LTC) Litecoin Unless you're trading, you should never keepyour coins on an Crypto Trader for an extensive period of time. To take off your (LTC) Litecoin, hover over the tab called “Funds” and mouse click on “Withdraw”. Litecoin (LTC) can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find (LTC) Litecoin by using the provided drop-down box. Drop in the volumen of Litecoin (LTC) you would wish to take off. Don't forget the presented fees/minimums. Also make sure you have entered your correct withdraw address. When you're happy, click “Submit”. You may be asked for verfication via email/phone before a take off.