A Step-by-Step-Guide on how to buy Litecoin (LTC) in Finland
Step 1 – Signup to Kraken In the beginning you'll need to buy units of the bigger currencies. Exchanges usually accept either Bitcoin or Ethereum in exchange for any other Cryptocurrency. Click the button below to register and receive your welcome BTC (Bitcoin) or ETH (Ethereum).
Step 2 – Transfer Your ETH (Ethereum) or BTC (Bitcoin) to an Crypto Exchange Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Exchange now. Every exchange has a deposit form that is alike. Litecoin (LTC) is available on Binance, so we're going to use that as an example. Not sure on how to send Coinbase funds to an Exchange? (Follow these easy steps) Make sure you've selected the precise coin you wish to deposit. Bitcoin must be sent to a BTC deposit address, ETH to an ETH deposit address, and so on. If you are working with a decentralized exchange, like Airswap or DDEX could be different (Follow our manual).
Step 3 – Locate Litecoin (LTC) Once your deposit has been affirmed, you will immediately have access to your assets and you can launch purchasing and trading. To invest in Litecoin (LTC) on Binance, you will want to go to the tab which is called “Exchange” and mouse click on “Basic”. In order to locate Litecoin (LTC), you'll need to insert the shortname of the coin (LTC) into the search box, which is marked in the image. Make sure you have choosen the proper grouping, we've marked this too. Click on “LTC/BTC” to go on.
Step 4 – Purchase (LTC) Litecoin Once you've found Litecoin (LTC), you will be given a Chart with Prices (in the Center of the image) and a few Order Books (Leftside of the picture). For now we're creating our own Limit Order. The “Price” field will be filled automatically with the most latest rate Litecoin (LTC) was sold for. You can change this to your desired price. The “Amount” field is the amount of LTC you like to purchase. The “Total” field is the whole price in BTC that you'll settle for the complete quantity of LTC. When you're satisfied, click on “Buy LTC”. Your plan will be filled when a Vendor sells their LTC for the price you introduced.
Step 5 – Withdraw Litecoin (LTC) Unless you're trading, best advise is not to keep your crypto coins on an Crypto Trader for an longer period of time. To take off your (LTC) Litecoin, go to the “Funds” tab and click on “Withdraw”. Litecoin (LTC) can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate Litecoin (LTC) by using the provided drop-down box. Enter the quantity of Litecoin (LTC) you would wish to take off. Don't forget the presented minimus/fees. Also make sure you have entered your precise withdraw address. When you're happy, click “Submit”. You could be asked for email/phone verification ahead of a withdrawal.