A Step-by-Step-Guide on how to buy Litecoin (LTC) in Israel
Step 1 – Join Kraken You'll first need to buy units of the bigger currencies. Exchanges normally accept either Bitcoin or Ethereum in exchange for any other Cryptocurrency. Follow the Link below to register and receive your welcome BTC (Bitcoin) or ETH (Ethereum).
Step 2 – Transmit Your Ethereum or Bitcoin to an Crypto Trader Your Ethereum or Bitcoin has to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is alike. Litecoin (LTC) is available on Binance, so we will use that as an example. Not sure on how to send funds from Coinbase to an Crypto Exchange? (Follow this manual) Make sure you've selected the correct coin you would like to deposit. BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, and so forth. If you're using a decentralized exchange, like Airswap or DDEX could be divergent (Follow our how-to).
Step 3 – Locate (LTC) Litecoin As soon as your deposit has been approved, you will now have access to your finances and you can initiate invest and trading. To buy Litecoin (LTC) on Binance, you will want to hover over the tab which is called “Exchange” and after that click on “Basic”. In order to locate (LTC) Litecoin, you'll need to put the shortname of the coin (LTC) into the search box, which is marked in the graphic. Make sure you have choosen the proper grouping, we have marked this also. Click on “LTC/BTC” to proceed.
Step 4 – Purchase Litecoin (LTC) As soon as you have located Litecoin (LTC), you'll be given a Price Chart (in the Center of the image) and a few Order Books (on the Left of the image). For now we are making our own Limit Order. The field with the “Price” tag will be filled with the latest valuation Litecoin (LTC) was traded for. You can change this to your preferred rate. The field with the “Amount” tag is the volumen of LTC you want to purchase. The “Total” field is the total price in Bitcoin that you will pay for the whole quantity of LTC. When you're glad, make a mouse click on “Buy LTC”. Your order will be filled as soon as a Seller trades their LTC for the price you submitted.
Step 5 – Withdraw Litecoin (LTC) Unless you're frequently trading, best advise is not to keep your crypto coins on an Exchange for an longer period of time. In order to withdraw your Litecoin (LTC), go to the tab called “Funds” and mouse click on “Withdraw”. (LTC) Litecoin can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate 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 presented fees/minimums. Also make sure you have filled your precise withdraw address. If you're glad, click “Submit”. You could be requested for email/phone verification ahead of a take off.