How to Buy Litecoin (LTC) in Hungary

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

Step 1 – Join Kraken

In the beginning you'll need to purchase one of the top-tier currencies. Exchanges commonly accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for alternative Coins. Click below to register and to get your welcome Bitcoin (BTC) or Ethereum (ETH).

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

Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Cryptocurrency 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 illustration. Unsure on how to send Coinbase funds to an Cryptocurrency Exchange? (Just follow these easy steps)

Make sure you have chosen the precise coin you wish to deposit.

BTC must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etcetera. If you are working with a decentralized exchange, such as Airswap or DDEX could be divergent (Just follow our how-to).

Step 3 – Locate Litecoin (LTC)

Once your deposit has been affirmed, you will instantly have access to your funds and you can begin invest and trading. To invest in Litecoin (LTC) on Binance, you will want to hover over the “Exchange” tab and after that click on “Basic”.

To locate Litecoin (LTC), you will need to insert the shortname of the coin (LTC) into the search box, which is highlighted in the graphic. Make sure you have choosen the proper grouping, we have marked this too. Click on “LTC/BTC” to go ahead.

Step 4 – Buy Litecoin (LTC)

Once you have spotted (LTC) Litecoin, you will be presented with a Price Chart (in the Center of the image) and a few Order Books (Leftside of the picture). Next we are going to make our own Limit Order.

The “Price” field will be automatically filled with the recent price Litecoin (LTC) was traded for. This can be changed to your favoured price. The “Amount” field is the volumen of LTC you like to purchase. The “Total” field is the aggregated price in BTC that you'll pay for the complete volumen of LTC.

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

Step 5 – Withdraw (LTC) Litecoin

Unless you are trading, you should never keepyour coins on an Cryptocurrency Exchange for an extensive time period. In order to withdraw your Litecoin (LTC), hover over the tab called “Funds” and click on “Withdraw”. Litecoin (LTC) can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Litecoin (LTC) by using the provided drop-down box. Drop in the amount of (LTC) Litecoin you'd like to withdraw. Don't forget the shown minimus/fees. Also make sure you have entered your right withdraw address.

If you are glad, click “Submit”. You may be requested for email/phone verification ahead of a withdrawal.

Congrats! You have successfully bought and safed (LTC) Litecoin in Hungary.

That's it!

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