A Step-by-Step-Guide on how to buy Litecoin (LTC) in Fiji
Step 1 – Signup to Kraken In the beginning you'll need to buy one of the bigger currencies. Exchanges commonly accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for Altcoins. Follow the Link below to register and to get your welcome Ethereum (ETH) or Bitcoin (BTC).
Step 2 – Transmit Your Ethereum (ETH) or Bitcoin (BTC) to an Crypto Exchange Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Exchange now. All exchanges have a deposit form that is identical. Litecoin (LTC) is available on Binance, so we will use that as an sample. Unsure on how to send funds from Coinbase to an Crypto Exchange? (Just follow this how-to) Make sure you have selected the correct coin you would like to deposit. Bitcoin must be sent to a BTC deposit address, ETH to an Ethereum deposit address, etcetera. If you're using a decentralized exchange, such as Airswap or DDEX could be opposed (Follow our guide).
Step 3 – Find (LTC) Litecoin As soon as your deposit has been confirmed, you'll instantly have access to your finances and you can launch buying and trading. To buy (LTC) Litecoin on Binance, you will want to hover over the “Exchange” tab and click on “Basic”. To find Litecoin (LTC), you will need to put the shortname of the coin (LTC) into the search box, which is highlighted in the image. Be certain of having choosen the proper grouping, we have marked this too. Click on “LTC/BTC” to proceed.
Step 4 – Purchase (LTC) Litecoin Once you have spotted (LTC) Litecoin, you will be given a Price Chart (in the Center of the picture) and a few Order Books (on the Left of the picture). For now we are creating our own Limit Order. The field with the “Price” tag will be filled automatically with the most latest tariff (LTC) Litecoin was traded for. This can be changed to your desired rate. The field with the “Amount” tag is the volumen of LTC you want to purchase. The field with the “Total” tag is the total price in BTC that you will settle for the whole amount of LTC. When you're happy, make a mouse click on “Buy LTC”. Your order will be filled as soon as a Seller trades their LTC for the price you gave.
Step 5 – Withdraw (LTC) Litecoin Unless you are frequently trading, you should never keepyour crypto on an Cryptocurrency Exchange for an longer time frame. In order to withdraw your (LTC) Litecoin, hover over the “Funds” tab and mouse click on “Withdraw”. (LTC) Litecoin can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate Litecoin (LTC) by using the provided drop-down box. Drop in the volumen of (LTC) Litecoin you'd like to take off. Don't forget the shown minimus/fees. Also make sure you have filled your precise withdraw address. When you are satisfied, click on “Submit”. You may be requested for email/phone verification ahead of a withdrawal.