How to Buy Litecoin (LTC) in Jersey

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

Step 1 – Signup to Kraken

You'll first need to purchase units of the bigger coins. Exchanges normally accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for Altcoins. Follow the Link below for registration and to get your first BTC (Bitcoin) or ETH (Ethereum).

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

Your Ethereum or Bitcoin will need to be sent over to an Exchange now. All exchanges have a deposit form that is similar. Litecoin (LTC) is obtainable on Binance, so we will use that as an illustration. Unsure on how to send Coinbase funds to an Crypto Trader? (Just 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 ETH deposit address, and so on. In the case you are using a decentralized exchange, such as Airswap or DDEX could be divergent (Follow these easy steps).

Step 3 – Find Litecoin (LTC)

As soon as your deposit has been affirmed, you will instantly have access to your funds and you can launch buying and trading. To purchase Litecoin (LTC) on Binance, you will want to hover over the tab which is called “Exchange” and then mouse click on “Basic”.

To discover (LTC) Litecoin, you'll need to put the shortname of the coin (LTC) into the search box, which is highlighted in the graphic. Be certain of having selected the proper grouping, we have marked this too. Click on “LTC/BTC” to progress.

Step 4 – Buying Litecoin (LTC)

After you've spotted Litecoin (LTC), you'll be given a Chart with Prices (in the Center of the image) and a few Order Books (Leftside of the image). And now we are creating our own Limit Order.

The field with the “Price” tag will be filled automatically with the most latest valuation Litecoin (LTC) was sold for. This can be changed to your preferred rate. The “Amount” field is the quantity of LTC you wish to buy. The field with the “Total” tag is the total price in Bitcoin that you'll settle for the complete volumen of LTC.

When you're glad, make a mouse click on “Buy LTC”. Your plan will be filled as soon as a Seller sells their LTC for the price you introduced.

Step 5 – Withdraw Litecoin (LTC)

Unless you're regularly trading, best advise is not to keep crypto coins on an Crypto Trader for an longer time frame. In order to withdraw your Litecoin (LTC), hover over 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 (LTC) Litecoin by using the provided drop-down box. Put into the volumen of (LTC) Litecoin you would wish to withdraw. Don't forget the demonstrated minimus/fees. Also make sure you have entered your correct withdraw address.

If you are satisfied, click “Submit”. You may be asked for verfication via phone/email ahead of a take off.

Congrats! You've successfully bought and safed Litecoin (LTC) in Jersey.

That's it!

Withdrawals from Cryptocurrency Exchange can take anywhere from 1 – 30 minutes (depending on network usage). Once you have confirmed your withdrawal with Etherscan.io or Ethplorer.io and the Litecoin (LTC) is stored within your wallet, you're done.