A Step-by-Step-Guide on how to buy Litecoin (LTC) in India
Step 1 – Signup to Kraken You will first need to buy units of the major coins. Exchanges usually accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for alternative Coins. Click below for registration and to get your first ETH (Ethereum) or BTC (Bitcoin).
Step 2 – Send Your Bitcoin (BTC) or Ethereum (ETH) to an Exchange Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is identical. Litecoin (LTC) is accessible on Binance, so we're going to use that as an illustration. Unsure on how to send funds from Coinbase to an Crypto Exchange? (Follow this manual) Make sure you've selected the right coin you wish to deposit. BTC must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, etc. In the case you're dealing with a decentralized exchange, such as Airswap or DDEX could be opposed (Just follow these easy steps).
Step 3 – Find (LTC) Litecoin As soon as your deposit has been approved, you'll now have access to your funds and you can initiate buying and trading. To buy (LTC) Litecoin on Binance, you'll want to hover over the “Exchange” tab and after that click on “Basic”. In order to spot (LTC) Litecoin, you'll need to put the cointype (LTC) into the search box, which is highlighted in the image. Be certain of having selected the right pairing, we've marked this too. Click on “LTC/BTC” to continue.
Step 4 – Buy Litecoin (LTC) After you've found (LTC) Litecoin, you'll be presented with a Chart with Prices (in the Center of the image) and some Order Books (Leftside of the picture). And now we're making our Limit Order. The “Price” field will be filled automatically with the recent rate Litecoin (LTC) was sold for. You can change this to your desired price. The field with the “Amount” tag is the volumen of LTC you like to purchase. The field with the “Total” tag is the aggregated price in Bitcoin that you'll pay for the complete volumen of LTC. If you're satisfied, click on “Buy LTC”. Your order will be filled when a Vendor sells their LTC for the price you offered.
Step 5 – Withdraw (LTC) Litecoin Unless you are regularly trading, never keep your crypto coins on an Exchange for an extended time period. To withdraw your (LTC) Litecoin, 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) Locate Litecoin (LTC) by using the provided drop-down box. Drop in the quantity of Litecoin (LTC) you'd wish to take off. Don't forget the demonstrated fees/minimums. Also make sure you have filled your right withdraw address. If you are glad, click on “Submit”. You could be requested for email/phone verification ahead of a take off.