How to Buy Litecoin (LTC) in Guernsey

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

Step 1 – Join Kraken

In the beginning you'll need to purchase units of the top-tier currencies. Exchanges commonly accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for any other Cryptocurrency. Click below for registration and getting your welcome Bitcoin or Ethereum.

Step 2 – Transfer Your Ethereum (ETH) or Bitcoin (BTC) to an Crypto Exchange

Your Bitcoin or Ethereum has to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is similar. Litecoin (LTC) is available on Binance, so we're going to use that as an example. Not sure on how to send Coinbase funds to an Crypto Exchange? (Follow this manual)

Make sure you have selected the correct coin you would like to deposit.

BTC must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, and so on. In the case you're using a decentralized exchange, such as Airswap or DDEX could be unlike (Follow these easy steps).

Step 3 – Find (LTC) Litecoin

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

In order to discover (LTC) Litecoin, you'll need to put the short name of the asset (LTC) into the search box, which is highlighted in the picture. Be certain of having choosen the right grouping, we have highlighted this too. Click on “LTC/BTC” to proceed.

Step 4 – Buy Litecoin (LTC)

After you've spotted Litecoin (LTC), you'll be presented with a Chart with Prices (in the Center of the picture) and some Order Books (on the Left of the picture). For now we're creating our own Limit Order.

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

When you are happy, click on “Buy LTC”. Your order will be filled when a Vender sells their LTC for the price you introduced.

Step 5 – Withdraw (LTC) Litecoin

Unless you are trading, never keep your coins on an Crypto Trader for an extended time period. To withdraw 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)

Find Litecoin (LTC) by using the provided drop-down box. Put into the quantity of (LTC) Litecoin you would like to withdraw. Don't forget the shown minimus/fees. Also make sure you have filled your correct withdraw address.

If you are satisfied, click “Submit”. You may be requested for verfication via email/phone ahead of a take off.

Congratulations! You have successfully purchased and safed Litecoin (LTC) in Guernsey.

That's it!

Withdrawals from Crypto Exchange can take anywhere from 1 – 30 minutes (rely on network usage). As soon as you have confirmed your withdrawal using Ethplorer.io or Etherscan.io and the (LTC) Litecoin is stored inside your wallet, you are done.