A Step-by-Step-Guide on how to buy Litecoin (LTC) in Germany
Step 1 – Join Kraken You will first need to buy units of the major currencies. Exchanges usually accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for any other Cryptocurrency. Click below to register and receive your welcome Ethereum or Bitcoin.
Step 2 – Transmit Your BTC (Bitcoin) or ETH (Ethereum) to an Exchange Your ETH (Ethereum) or BTC (Bitcoin) will need 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're going to use that as an illustration. Not sure on how to send Coinbase funds to an Exchange? (Follow these easy steps) Make sure you've chosen the exact coin you would like to deposit. BTC must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, etc. In the case you're dealing with a decentralized exchange, such as Airswap or DDEX could be opposed (Just follow our how-to).
Step 3 – Locate (LTC) Litecoin Once your deposit has been confirmed, you will immediately have access to your assets and you can launch invest and trading. To purchase (LTC) Litecoin on Binance, you'll want to go to the tab which is called “Exchange” and then click on “Basic”. To locate (LTC) Litecoin, you will need to put the cointype (LTC) into the search box, which is marked in the picture. Make sure you have choosen the right grouping, we have highlighted this also. Click on “LTC/BTC” to proceed.
Step 4 – Buy (LTC) Litecoin Once you've spotted (LTC) Litecoin, you will be presented with a Price Chart (in the Center of the image) and a few Order Books (on the Left of the picture). Next we are going to create our own Limit Order. The field with the “Price” tag will be filled automatically with the recent rate (LTC) Litecoin was traded for. You can change this to your favoured price. The field with the “Amount” tag is the amount of LTC you like to purchase. The “Total” field is the aggregated price in BTC that you'll settle for the complete quantity of LTC. If you are satisfied, make a mouse click on “Buy LTC”. Your order will be filled as soon as a Vendor sells their LTC for the price you offered.
Step 5 – Withdraw Litecoin (LTC) Unless you're regularly trading, never keep your coins on an Crypto Exchange for an longer time frame. To withdraw your (LTC) Litecoin, go to the “Funds” tab and mouse click on “Withdraw”. Litecoin (LTC) can be stored safely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate Litecoin (LTC) by using the given drop-down box. Drop in the amount of Litecoin (LTC) you would like to take off. Don't forget the displayed minimus/fees. Also make sure you have entered your precise withdraw address. When you are glad, click “Submit”. You could be asked for verfication via phone/email before a take off.