A Step-by-Step-Guide on how to buy Litecoin (LTC) in Honduras
Step 1 – Join Kraken You'll first need to purchase one of the bigger currencies. Exchanges usually accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for Altcoins. Click below to register and receive your welcome Ethereum (ETH) or Bitcoin (BTC).
Step 2 – Transmit Your Funds to an Exchange Your Ethereum or Bitcoin has to be sent over to an Exchange now. All exchanges have a deposit form that is similar. Litecoin (LTC) is accessible on Binance, so we will use that as an sample. Unsure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Follow these easy steps) Make sure you have selected the right coin you wish to deposit. BTC must be sent to a BTC deposit address, ETH to an Ethereum deposit address, etc. In the case you're working with a decentralized exchange, like Airswap or DDEX could be opposed (Follow our guide).
Step 3 – Locate Litecoin (LTC) Once your deposit has been affirmed, you will now have access to your funds and you can commence buying and trading. To buy Litecoin (LTC) on Binance, you will want to hover over the tab which is called “Exchange” and after that click on “Basic”. In order to spot Litecoin (LTC), you will need to put the cointype (LTC) into the search-box, which is marked in the image. Make sure you have selected the correct grouping, we've marked this also. Click on “LTC/BTC” to go on.
Step 4 – Buy (LTC) Litecoin As soon as you've found Litecoin (LTC), you'll be presented with a Price Chart (in the Center of the picture) and some Order Books (Leftside of the picture). For now we are making our Limit Order. The “Price” field will be filled automatically with the recent price (LTC) Litecoin was sold for. You can change this to your preferred price. The field with the “Amount” tag is the amount of LTC you like to buy. The “Total” field is the whole price in BTC that you will settle for the complete amount of LTC. If you're happy, make a mouse click on “Buy LTC”. Your plan will be filled as soon as a Vendor sells their LTC for the price you introduced.
Step 5 – Withdraw (LTC) Litecoin Unless you are regularly trading, best advise is not to keep your crypto on an Crypto Trader for an extended period of time. In order to withdraw your (LTC) Litecoin, go to the tab called “Funds” and click on “Withdraw”. (LTC) Litecoin can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate (LTC) Litecoin by using the provided drop-down box. Drop in the volumen of (LTC) Litecoin you would wish to withdraw. Take into account the displayed fees/minimums. Also make sure you have entered your correct withdraw address. When you're happy, make a mouse click on “Submit”. You could be requested for verfication via phone/email before a withdrawal.