How to Buy Litecoin (LTC) in Hong Kong

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

Step 1 – Join Kraken

You will first need to purchase one of the top-tier coins. Exchanges normally accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for Altcoins. Follow the Link below to register and receive your first Ethereum (ETH) or Bitcoin (BTC).

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

Your Bitcoin or Ethereum has to be sent over to an Exchange now. All exchanges have a deposit form that is alike. Litecoin (LTC) is obtainable on Binance, so we're going to use that as an illustration. Unsure on how to send Coinbase funds to an Cryptocurrency Exchange? (Just follow this guide)

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 Ethereum deposit address, etcetera. If you're dealing with a decentralized exchange, such as Airswap or DDEX could be unlike (Just follow our guide).

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 tab which is called “Exchange” and then click on “Basic”.

In order to find (LTC) Litecoin, you'll need to put the shortname of the coin (LTC) into the search box, which is highlighted in the graphic. Be certain of having selected the right pairing, we've marked this too. Click on “LTC/BTC” to proceed.

Step 4 – Buying Litecoin (LTC)

After you have located (LTC) Litecoin, you'll be presented with a Price Chart (in the Center of the image) and some Order Books (on the Left of the image). Next we're going to create our own Limit Order.

The field with the “Price” tag will be automatically filled with the recent tariff Litecoin (LTC) was sold for. This can be changed to your favoured rate. The “Amount” field is the quantity of LTC you like to buy. The field with the “Total” tag is the total price in Bitcoin that you'll pay for the complete volumen of LTC.

If you're happy, make a mouse click on “Buy LTC”. Your plan will be filled as soon as a Vendor trades their LTC for the price you introduced.

Step 5 – Withdraw Litecoin (LTC)

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

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

If you're satisfied, click “Submit”. You may be requested for verfication via email/phone ahead of a withdrawal.

Congratulations! You have successfully purchased and stored (LTC) Litecoin in Hong Kong.

That's it!

Withdrawals from Crypto Exchange can durate anywhere from 1 – 30 minutes (rely on usage of the network). As soon as you have proved your withdrawal with Ethplorer.io or Etherscan.io and the Litecoin (LTC) is stored within your wallet, you are all done.