A Step-by-Step-Guide on how to buy Litecoin (LTC) in Gibraltar
Step 1 – Join Coinbase and recieve 10$ for free You will first need to buy one of the bigger coins. Exchanges normally accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for alternative Coins. Click below to register and to get your first 10$.
Step 2 – Transfer Your ETH (Ethereum) or BTC (Bitcoin) to an Cryptocurrency Exchange Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is similar. Litecoin (LTC) is accessible on Binance, so we will use that as an sample. Not sure on how to send funds from Coinbase to an Exchange? (Follow these easy steps) Make sure you have chosen the exact coin you want to deposit. BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, and so on. If you are working with a decentralized exchange, such as Airswap or DDEX could be divergent (Follow our manual).
Step 3 – Find Litecoin (LTC) As soon as your deposit has been confirmed, you will directly have access to your assets and you can initiate purchasing and trading. To buy Litecoin (LTC) on Binance, you will want to go to the “Exchange” tab and mouse click on “Basic”. In order to spot (LTC) Litecoin, you'll need to insert the shortname of the coin (LTC) into the search-box, which is highlighted in the image. Make sure you have choosen the right grouping, we've highlighted this too. Click on “LTC/BTC” to go ahead.
Step 4 – Buy Litecoin (LTC) After you've spotted Litecoin (LTC), you will be given a Chart with Prices (in the Center of the picture) and some Order Books (on the Left of the picture). And now we are going to make our Limit Order. The “Price” field will be filled automatically with the up-to-date tariff Litecoin (LTC) was traded for. You can change this to your preferred rate. The “Amount” field is the quantity of LTC you want to buy. The field with the “Total” tag is the aggregated price in BTC that you'll pay for the whole volumen of LTC. When you're happy, 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 regularly trading, best advise is not to keep crypto coins on an Exchange for an extensive time frame. To take off your (LTC) Litecoin, hover over the tab called “Funds” and mouse click on “Withdraw”. (LTC) Litecoin can be stored safely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate (LTC) Litecoin by using the given drop-down box. Drop in the volumen of Litecoin (LTC) you would like to take off. Don't forget the shown minimus/fees. Also make sure you have filled your correct withdraw address. When you're glad, click on “Submit”. You could be asked for verfication via phone/email before a withdrawal.