How to Buy Litecoin (LTC) in Guinea-Bissau

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

Step 1 – Signup to Kraken

You'll first need to purchase one of the bigger coins. Exchanges usually accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for Altcoins. Follow the Link below for registration and receive your welcome Ethereum (ETH) or Bitcoin (BTC).

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

Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Exchange now. All exchanges have a deposit form that is similar. Litecoin (LTC) is available on Binance, so we're going to use that as an example. Unsure on how to send Coinbase funds to an Crypto Trader? (Just follow this how-to)

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

Bitcoin must be sent to a BTC deposit address, Ethereum to an ETH deposit address, and so on. In the case you're working with a decentralized exchange, like Airswap or DDEX could be different (Follow our manual).

Step 3 – Find Litecoin (LTC)

Once your deposit has been approved, you'll now have access to your funds and you can commence purchasing and trading. To purchase (LTC) Litecoin on Binance, you will want to go to the “Exchange” tab and then click on “Basic”.

To find Litecoin (LTC), you will need to insert the cointype (LTC) into the search-box, which is marked in the picture. Make sure you have choosen the correct pairing, we have marked this also. Click on “LTC/BTC” to progress.

Step 4 – Acquisition of Litecoin (LTC)

As soon as you have found (LTC) Litecoin, you will be given a Chart with Prices (in the Center of the picture) and some Order Books (Leftside of the image). For now we're going to make our own Limit Order.

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

When you're satisfied, make a mouse click on “Buy LTC”. Your order will be filled when a Vendor trades their LTC for the price you offered.

Step 5 – Withdraw (LTC) Litecoin

Unless you're frequently trading, never keep your crypto on an Crypto Trader for an extensive time period. To withdraw your (LTC) Litecoin, hover over the tab called “Funds” and click on “Withdraw”. Litecoin (LTC) can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Litecoin (LTC) by using the provided drop-down box. Enter the volumen of (LTC) Litecoin you would like to take off. Don't forget the presented fees/minimums. Also make sure you have entered your correct withdraw address.

When you are happy, click “Submit”. You may be requested for verfication via email/phone before a take off.

Congratulations! You've successfully purchased and stored (LTC) Litecoin in Guinea-Bissau.

That's it!

Take offs from Cryptocurrency Exchange can durate anywhere from 1 – 30 minutes (depending on network usage). Once you've proved your take off using Etherscan.io or Ethplorer.io and the Litecoin (LTC) is safe in your wallet, you are all done.