How to Buy Litecoin (LTC) in Guyana

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

Step 1 – Signup to Kraken

In the beginning you'll need to buy one of the major currencies. Exchanges usually accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for alternative Coins. Click below to register and getting your welcome ETH (Ethereum) or BTC (Bitcoin).

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

Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Crypto Trader now. All exchanges have a deposit form that is alike. Litecoin (LTC) is obtainable on Binance, so we will use that as an sample. Unsure on how to send funds from Coinbase to an Crypto Trader? (Just follow this manual)

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

BTC must be sent to a BTC deposit address, Ethereum to an ETH deposit address, etc. If you are using a decentralized exchange, like Airswap or DDEX could be opposed (Just follow our how-to).

Step 3 – Locate Litecoin (LTC)

As soon as your deposit has been verified, you'll now have access to your finances and you can launch purchasing and trading. To invest in Litecoin (LTC) on Binance, you will want to hover over the tab which is called “Exchange” and after that click on “Basic”.

To locate (LTC) Litecoin, you will need to put the short name of the asset (LTC) into the search-box, which is marked in the picture. Make sure you have choosen the right grouping, we have highlighted this too. Click on “LTC/BTC” to progress.

Step 4 – Purchasing Litecoin (LTC)

As soon as you have located Litecoin (LTC), you'll be presented with a Price Chart (in the Center of the image) and a few Order Books (Leftside of the image). And now we're going to make our Limit Order.

The “Price” field will be filled with the recent tariff Litecoin (LTC) was traded for. You can change this to your preferred price. The “Amount” field is the volumen of LTC you want to purchase. The field with the “Total” tag is the total price in BTC that you will settle for the complete quantity of LTC.

When you are satisfied, click on “Buy LTC”. Your order will be filled when a Seller trades their LTC for the price you introduced.

Step 5 – Withdraw (LTC) Litecoin

Unless you're regularly trading, never keep your crypto coins on an Cryptocurrency Exchange for an longer period of time. To take off your Litecoin (LTC), hover over the “Funds” tab and mouse click on “Withdraw”. (LTC) Litecoin can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Locate (LTC) Litecoin by using the provided drop-down box. Enter the volumen of (LTC) Litecoin you'd like to take off. Take into account the displayed fees/minimums. Also make sure you have filled your right withdraw address.

When you are satisfied, click “Submit”. You could be requested for verfication via phone/email before a withdrawal.

Congrats! You've successfully bought and stored (LTC) Litecoin in Guyana.

That's it!

Withdrawals from Exchange can durate anywhere from 1 – 30 minutes (depending on network usage). Once you have proved your withdrawal with Ethplorer.io or Etherscan.io and the Litecoin (LTC) is stored in your wallet, you are done.