How to Buy Litecoin (LTC) in Iran

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

Step 1 – Signup to Kraken

You will first need to purchase one of the major coins. Exchanges normally accept either Bitcoin or Ethereum in exchange for Altcoins. Follow the Link below for registration and to get your welcome Ethereum or Bitcoin.

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

Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Exchange now. Every exchange has a deposit form that is alike. Litecoin (LTC) is accessible on Binance, so we're going to use that as an example. Unsure on how to send Coinbase funds to an Exchange? (Follow this manual)

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

Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, etcetera. In the case you are dealing with a decentralized exchange, such as Airswap or DDEX could be unlike (Follow our manual).

Step 3 – Find (LTC) Litecoin

As soon as your deposit has been affirmed, you'll now have access to your finances and you can launch purchasing and trading. To buy (LTC) Litecoin on Binance, you will want to go to the “Exchange” tab and then click on “Basic”.

In order to discover (LTC) Litecoin, you'll need to insert the short name of the asset (LTC) into the search box, which is highlighted in the graphic. Be certain of having choosen the right pairing, we have marked this too. Click on “LTC/BTC” to go on.

Step 4 – Buy Litecoin (LTC)

After you've spotted (LTC) Litecoin, you will be given a Chart with Prices (in the Center of the image) and some Order Books (Leftside of the image). For now we're going to create our own Limit Order.

The “Price” field will be filled with the recent price Litecoin (LTC) was traded for. You can change this to your favoured rate. The field with the “Amount” tag is the volumen of LTC you wish to buy. The “Total” field is the whole price in BTC that you will settle for the complete volumen of LTC.

If you're happy, click on “Buy LTC”. Your order will be filled as soon as a Seller trades their LTC for the price you gave.

Step 5 – Withdraw Litecoin (LTC)

Unless you're regularly trading, best advise is not to keep crypto on an Crypto Trader for an extended time period. To withdraw your Litecoin (LTC), hover over the tab called “Funds” and mouse click on “Withdraw”. (LTC) Litecoin can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Find Litecoin (LTC) by using the provided drop-down box. Put into the volumen of (LTC) Litecoin you'd like to take off. Take into account the shown fees/minimums. Also make sure you have filled your precise withdraw address.

If you are glad, click on “Submit”. You could be requested for verfication via email/phone ahead of a take off.

Congratulations! You've successfully purchased and stored Litecoin (LTC) in Iran.

That's it!

Withdrawals from Crypto Trader can durate between 1 – 30 minutes (depending on network usage). Once you have confirmed your take off with Ethplorer.io or Etherscan.io and the Litecoin (LTC) is safe within your wallet, you're done.