A Step-by-Step-Guide on how to buy Litecoin (LTC) in Grenada
Step 1 – Signup to Kraken You'll first need to buy units of the major currencies. Exchanges usually accept either Bitcoin or Ethereum in exchange for Altcoins. Follow the Link below to register and receive your welcome Bitcoin (BTC) or Ethereum (ETH).
Step 2 – Transfer Your Ethereum (ETH) or Bitcoin (BTC) to an Exchange Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is alike. Litecoin (LTC) is available on Binance, so we're going to use that as an illustration. Not sure on how to send funds from Coinbase to an Crypto Trader? (Just follow this manual) Make sure you've chosen the precise coin you want to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, and so on. In the case you're working with a decentralized exchange, such as Airswap or DDEX could be different (Follow our how-to).
Step 3 – Find Litecoin (LTC) Once your deposit has been affirmed, you'll directly have access to your funds and you can commence invest and trading. To buy (LTC) Litecoin on Binance, you'll want to go to the “Exchange” tab and then click on “Basic”. In order to find Litecoin (LTC), you'll need to insert the cointype (LTC) into the search box, which is highlighted in the graphic. Make sure you have choosen the right pairing, we've marked this too. Click on “LTC/BTC” to progress.
Step 4 – Purchase (LTC) Litecoin As soon as you've found Litecoin (LTC), you'll be given a Chart with Prices (in the Center of the image) and a few Order Books (on the Left of the image). For now we are going to create our own Limit Order. The field with the “Price” tag will be automatically filled with the latest valuation Litecoin (LTC) was sold for. You can change this to your favoured 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 BTC that you will pay for the complete quantity of LTC. When you're satisfied, click on “Buy LTC”. Your plan will be filled when a Seller trades their LTC for the price you introduced.
Step 5 – Withdraw (LTC) Litecoin Unless you are regularly trading, you should never keepyour crypto on an Crypto Trader for an extensive time frame. To withdraw your (LTC) Litecoin, go to the “Funds” tab and mouse click on “Withdraw”. (LTC) Litecoin can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find (LTC) Litecoin by using the provided drop-down box. Enter the amount of (LTC) Litecoin you would wish to withdraw. Don't forget the demonstrated minimus/fees. Also make sure you have entered your correct withdraw address. If you are satisfied, make a mouse click on “Submit”. You may be asked for verfication via phone/email before a take off.