A Step-by-Step-Guide on how to buy Litecoin (LTC) in Jamaica
Step 1 – Signup to Kraken In the beginning you'll need to purchase one of the top-tier coins. Exchanges usually accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for Altcoins. Follow the Link below for registration and getting your welcome BTC (Bitcoin) or ETH (Ethereum).
Step 2 – Transmit Your BTC (Bitcoin) or ETH (Ethereum) to an Exchange Your Bitcoin or Ethereum will need to be sent over to an Crypto Trader now. All exchanges have a deposit form that is identical. Litecoin (LTC) is obtainable on Binance, so we're going to use that as an illustration. Not sure on how to send funds from Coinbase to an Crypto Exchange? (Just follow this guide) Make sure you have selected the precise coin you wish to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, and so on. In the case you are using a decentralized exchange, like Airswap or DDEX could be opposed (Follow our how-to).
Step 3 – Find (LTC) Litecoin As soon as your deposit has been approved, you'll now have access to your finances and you can launch buying and trading. To invest in (LTC) Litecoin on Binance, you will want to go to the tab which is called “Exchange” and mouse 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 marked in the graphic. Be certain of having choosen the right pairing, we've highlighted this too. Click on “LTC/BTC” to progress.
Step 4 – Acquisition of (LTC) Litecoin As soon as you've spotted (LTC) Litecoin, you'll be presented with a Price Chart (in the Center of the picture) and some Order Books (on the Left of the picture). Next we're going to create our Limit Order. The “Price” field will be automatically filled with the most recent valuation Litecoin (LTC) was sold for. This can be changed to your desired price. The “Amount” field is the quantity of LTC you want to purchase. The field with the “Total” tag is the aggregated price in BTC that you will pay for the whole volumen of LTC. When you're happy, make a mouse click on “Buy LTC”. Your plan will be filled when a Vender trades their LTC for the price you introduced.
Step 5 – Withdraw (LTC) Litecoin Unless you're frequently trading, you should never keepyour coins on an Crypto Exchange for an longer time frame. To withdraw your Litecoin (LTC), hover over the tab called “Funds” and mouse click on “Withdraw”. (LTC) Litecoin can be securely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find Litecoin (LTC) by using the given drop-down box. Put into the quantity of Litecoin (LTC) you would like to withdraw. Take into account the demonstrated fees/minimums. Also make sure you have entered your correct withdraw address. If you're happy, click on “Submit”. You could be asked for verfication via phone/email before a withdrawal.