A Step-by-Step-Guide on how to buy Litecoin (LTC) in Ireland
Step 1 – Join Kraken You'll first need to purchase one of the top-tier currencies. Exchanges normally accept either Ethereum or Bitcoin in exchange for alternative Coins. Click below to register and getting your welcome Bitcoin (BTC) or Ethereum (ETH).
Step 2 – Transfer Your Bitcoin (BTC) or Ethereum (ETH) to an Exchange Your Ethereum or Bitcoin has to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is alike. Litecoin (LTC) is available on Binance, so we're going to use that as an illustration. Unsure on how to send funds from Coinbase to an Crypto Exchange? (Just follow these easy steps) Make sure you've chosen the precise coin you wish to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, and so forth. In the case you are working with a decentralized exchange, such as Airswap or DDEX could be different (Follow our how-to).
Step 3 – Find Litecoin (LTC) As soon as your deposit has been approved, you'll directly have access to your funds and you can start invest and trading. To invest in Litecoin (LTC) on Binance, you will want to hover over the “Exchange” tab and then click on “Basic”. In order to discover Litecoin (LTC), you'll need to insert the cointype (LTC) into the search-box, which is highlighted in the picture. Be certain of having choosen the correct grouping, we have marked this too. Click on “LTC/BTC” to proceed.
Step 4 – Acquisition of (LTC) Litecoin After you have spotted (LTC) Litecoin, you will be presented with a Price Chart (in the Center of the picture) and some Order Books (Leftside of the image). For now we are creating our Limit Order. The field with the “Price” tag will be automatically filled with the recent valuation Litecoin (LTC) was traded for. This can be changed to your favoured rate. The “Amount” field is the quantity of LTC you want to buy. The “Total” field is the whole price in BTC that you'll pay for the whole volumen of LTC. If you are satisfied, make a mouse click on “Buy LTC”. Your plan will be filled when a Vender trades their LTC for the price you offered.
Step 5 – Withdraw (LTC) Litecoin Unless you're trading, never keep your crypto coins on an Exchange for an longer time period. In order to take off your Litecoin (LTC), go to the tab called “Funds” and click on “Withdraw”. (LTC) Litecoin can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find (LTC) Litecoin by using the provided drop-down box. Enter the volumen of Litecoin (LTC) you'd wish to withdraw. Take into account the presented minimus/fees. Also make sure you have entered your precise withdraw address. When you are happy, make a mouse click on “Submit”. You could be asked for phone/email verification ahead of a withdrawal.