How to Buy Litecoin (LTC) in Greenland

A Step-by-Step-Guide on how to buy Litecoin (LTC) in Greenland

Step 1 – Signup to Kraken

You will first need to buy units of the bigger coins. Exchanges usually accept either Ethereum or Bitcoin in exchange for alternative Coins. Click the button below to register and receive your welcome Bitcoin (BTC) or Ethereum (ETH).

Step 2 – Transmit Your Bitcoin (BTC) or Ethereum (ETH) to an Cryptocurrency Exchange

Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Exchange now. Every exchange has a deposit form that is similar. Litecoin (LTC) is available on Binance, so we will use that as an example. Not sure on how to send funds from Coinbase to an Crypto Exchange? (Just follow these easy steps)

Make sure you have chosen the exact coin you would like to deposit.

Bitcoin must be sent to a BTC deposit address, ETH to an ETH deposit address, etcetera. In the case you are using a decentralized exchange, such as Airswap or DDEX could be divergent (Follow our how-to).

Step 3 – Find Litecoin (LTC)

Once your deposit has been approved, you'll instantly have access to your finances and you can initiate invest and trading. To buy Litecoin (LTC) on Binance, you'll want to hover over the “Exchange” tab and mouse click on “Basic”.

To locate (LTC) Litecoin, you will need to insert the short name of the asset (LTC) into the search box, which is highlighted in the image. Make sure you have choosen the proper pairing, we've marked this too. Click on “LTC/BTC” to go ahead.

Step 4 – Acquisition of (LTC) Litecoin

Once you have discovered Litecoin (LTC), you'll be given a Price Chart (in the Center of the picture) and a few Order Books (Leftside of the image). For now we're going to create our Limit Order.

The field with the “Price” tag will be filled with the most latest tariff Litecoin (LTC) was sold for. You can change this to your preferred price. The field with the “Amount” tag is the amount of LTC you want to buy. The field with the “Total” tag is the total price in Bitcoin that you'll pay for the whole volumen of LTC.

When you are satisfied, make a mouse click on “Buy LTC”. Your plan will be filled as soon as a Seller sells their LTC for the price you offered.

Step 5 – Withdraw Litecoin (LTC)

Unless you are regularly trading, you should never keepyour crypto coins on an Exchange for an extensive time period. In order to take off your (LTC) Litecoin, go to the tab called “Funds” and mouse click on “Withdraw”. (LTC) Litecoin can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Litecoin (LTC) by using the given drop-down box. Put into the quantity of Litecoin (LTC) you'd wish to take off. Take into account the shown fees/minimums. Also make sure you have entered your right withdraw address.

If you're happy, click “Submit”. You may be requested for email/phone verification ahead of a take off.

Congrats! You have successfully purchased and safed (LTC) Litecoin in Greenland.

That's it!

Take offs from Cryptocurrency Exchange can durate anywhere from 1 – 30 minutes (depending on network usage). Once you have confirmed your take off using Etherscan.io or Ethplorer.io and the Litecoin (LTC) is stored in your wallet, you are finished.