How to Buy Litecoin (LTC) in Iraq

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

Step 1 – Join Kraken

You will first need to purchase one of the bigger currencies. Exchanges commonly accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for any other Cryptocurrency. Click the button below to register and getting your first Bitcoin (BTC) or Ethereum (ETH).

Step 2 – Send Your Bitcoin or Ethereum to an Exchange

Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Crypto 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. Not sure on how to send Coinbase funds to an Exchange? (Follow these easy steps)

Make sure you have chosen the exact coin you would like to deposit.

BTC must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, and so on. In the case you're using a decentralized exchange, like Airswap or DDEX could be different (Just follow our manual).

Step 3 – Find (LTC) Litecoin

Once your deposit has been verified, you will directly 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 click on “Basic”.

To discover Litecoin (LTC), you'll need to put the short name of the asset (LTC) into the search-box, which is highlighted in the picture. Make sure you have selected the proper pairing, we've marked this also. Click on “LTC/BTC” to progress.

Step 4 – Buy (LTC) Litecoin

As soon as you've located (LTC) Litecoin, you'll be presented with a Price Chart (in the Center of the image) and a few Order Books (on the Left of the picture). And now we're making our own Limit Order.

The “Price” field will be automatically filled with the most up-to-date price (LTC) Litecoin was sold for. This can be changed to your desired rate. The “Amount” field is the amount of LTC you want to buy. The “Total” field is the total price in Bitcoin that you will pay for the complete quantity of LTC.

When you are glad, click on “Buy LTC”. Your plan will be filled as soon as a Seller sells their LTC for the price you offered.

Step 5 – Withdraw (LTC) Litecoin

Unless you're frequently trading, never keep your crypto on an Cryptocurrency Exchange for an extensive time frame. In order to withdraw your (LTC) Litecoin, hover over the tab called “Funds” and mouse click on “Withdraw”. (LTC) Litecoin can be stored safely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Find Litecoin (LTC) by using the provided drop-down box. Enter the volumen of (LTC) Litecoin you'd like to take off. Don't forget the shown minimus/fees. Also make sure you have entered your correct withdraw address.

When you're glad, make a mouse click on “Submit”. You may be asked for email/phone verification before a withdrawal.

Congrats! You have successfully bought and stored (LTC) Litecoin in Iraq.

That's it!

Take offs from Crypto Trader can take between 1 – 30 minutes (depending on network usage). Once you've confirmed your withdrawal with Ethplorer.io or Etherscan.io and the Litecoin (LTC) is stored within your wallet, you're finished.