A Step-by-Step-Guide on how to buy Litecoin (LTC) in Gibraltar
Step 1 – Join Kraken You'll first need to buy one of the top-tier coins. Exchanges usually accept either Bitcoin or Ethereum in exchange for Altcoins. Follow the Link below to register and getting your first Ethereum (ETH) or Bitcoin (BTC).
Step 2 – Transfer Your BTC (Bitcoin) or ETH (Ethereum) to an Cryptocurrency Exchange Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Crypto Trader now. All exchanges have a deposit form that is identical. Litecoin (LTC) is obtainable on Binance, so we're going to use that as an sample. Not sure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Just follow this guide) Make sure you have chosen the correct coin you would like to deposit. Bitcoin must be sent to a BTC deposit address, ETH to an Ethereum deposit address, and so forth. If you're dealing with a decentralized exchange, such as Airswap or DDEX could be unlike (Just follow our guide).
Step 3 – Find (LTC) Litecoin As soon as your deposit has been affirmed, you'll now have access to your funds and you can initiate purchasing and trading. To purchase (LTC) Litecoin on Binance, you will want to hover over the tab which is called “Exchange” and after that click on “Basic”. In order to locate (LTC) Litecoin, you'll need to insert the cointype (LTC) into the search box, which is highlighted in the image. Be certain of having choosen the correct pairing, we've marked this too. Click on “LTC/BTC” to go on.
Step 4 – Buy Litecoin (LTC) After you've located Litecoin (LTC), you will be presented with a Chart with Prices (in the Center of the picture) and a few Order Books (Leftside of the picture). And now we're making our own Limit Order. The “Price” field will be filled automatically with the recent price (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 wish to purchase. The “Total” field is the aggregated price in Bitcoin that you will settle for the complete amount of LTC. When you're glad, make a mouse click on “Buy LTC”. Your plan will be filled when a Vender trades their LTC for the price you introduced.
Step 5 – Withdraw (LTC) Litecoin Unless you are frequently trading, best advise is not to keep your coins on an Crypto Exchange for an extensive time period. To take off your (LTC) Litecoin, hover over the tab called “Funds” and click on “Withdraw”. Litecoin (LTC) can be securely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate Litecoin (LTC) by using the given drop-down box. Put into the amount of (LTC) Litecoin you'd like 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 on “Submit”. You could be asked for email/phone verification before a withdrawal.