How to Buy Litecoin (LTC) in Iceland

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

Step 1 – Signup to Coinbase and recieve 10$ for free

You will first need to buy units of the top-tier coins. Exchanges commonly accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for any other Cryptocurrency. Follow the Link below to register and receive your first $10.

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

Your Bitcoin or Ethereum will need to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is similar. Litecoin (LTC) is obtainable on Binance, so we're going to use that as an example. Not sure on how to send funds from Coinbase to an Crypto Trader? (Just follow these easy steps)

Make sure you have selected the precise coin you want to deposit.

Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, etc. If you are working with a decentralized exchange, such as Airswap or DDEX could be unlike (Just follow our manual).

Step 3 – Locate (LTC) Litecoin

Once your deposit has been confirmed, you will now have access to your finances and you can commence buying and trading. To invest in Litecoin (LTC) on Binance, you will want to go to the tab which is called “Exchange” and mouse click on “Basic”.

To locate (LTC) Litecoin, you'll need to insert the shortname of the coin (LTC) into the search-box, which is highlighted in the picture. Be certain of having selected the right pairing, we've highlighted this too. Click on “LTC/BTC” to proceed.

Step 4 – Purchasing (LTC) Litecoin

As soon as you've spotted Litecoin (LTC), you will be presented with a Chart with Prices (in the Center of the image) and some Order Books (on the Left of the image). And now we are creating our Limit Order.

The field with the “Price” tag will be automatically filled with the most up-to-date price Litecoin (LTC) was sold for. This can be changed to your desired rate. The field with the “Amount” tag is the volumen of LTC you like to purchase. The field with the “Total” tag is the whole price in BTC that you will settle for the complete volumen of LTC.

When you're happy, click on “Buy LTC”. Your order will be filled when a Vender trades their LTC for the price you introduced.

Step 5 – Withdraw Litecoin (LTC)

Unless you're regularly trading, never keep your crypto on an Exchange for an extended period of time. To take off your Litecoin (LTC), go to the “Funds” tab and mouse click on “Withdraw”. (LTC) Litecoin can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find (LTC) Litecoin by using the given drop-down box. Enter the quantity of (LTC) Litecoin you'd wish to take off. Don't forget the displayed minimus/fees. Also make sure you have filled your correct withdraw address.

If you're satisfied, click “Submit”. You could be asked for phone/email verification ahead of a withdrawal.

Congrats! You've successfully purchased and stored Litecoin (LTC) in Iceland.

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 (LTC) Litecoin is stored within your wallet, you are all done.