How to Buy Litecoin (LTC) in Kenya

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

Step 1 – Join Kraken

You will first need to buy units of the top-tier currencies. Exchanges usually accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for alternative Coins. Follow the Link below to register and receive your welcome Bitcoin or Ethereum.

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

Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is identical. Litecoin (LTC) is accessible on Binance, so we will use that as an sample. Not sure on how to send Coinbase funds to an Exchange? (Follow these easy steps)

Make sure you have selected the right coin you wish to deposit.

BTC must be sent to a BTC deposit address, Ethereum to an ETH deposit address, etc. If you are working with a decentralized exchange, like Airswap or DDEX could be opposed (Just follow these easy steps).

Step 3 – Locate (LTC) Litecoin

As soon as your deposit has been verified, you will directly have access to your finances and you can commence purchasing and trading. To invest in (LTC) Litecoin on Binance, you will want to hover over the tab which is called “Exchange” and after that click on “Basic”.

In order to discover (LTC) Litecoin, you will need to insert the shortname of the coin (LTC) into the search-box, which is highlighted in the picture. Be certain of having selected the right pairing, we've highlighted this also. Click on “LTC/BTC” to go on.

Step 4 – Purchasing Litecoin (LTC)

As soon as you have spotted (LTC) Litecoin, you will be given a Chart with Prices (in the Center of the image) and a few Order Books (on the Left of the image). And now we're going to make our own Limit Order.

The “Price” field will be filled automatically with the latest price (LTC) Litecoin was traded for. You can change this to your desired price. The “Amount” field is the volumen of LTC you like to buy. The field with the “Total” tag is the aggregated price in BTC that you will settle for the complete volumen of LTC.

When you are satisfied, click on “Buy LTC”. Your plan will be filled when a Seller trades their LTC for the price you submitted.

Step 5 – Withdraw Litecoin (LTC)

Unless you are trading, best advise is not to keep your coins on an Cryptocurrency Exchange for an longer time frame. In order to withdraw your Litecoin (LTC), go to the “Funds” tab and mouse click on “Withdraw”. Litecoin (LTC) can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find (LTC) Litecoin by using the provided drop-down box. Put into the quantity of (LTC) Litecoin you'd like to withdraw. Don't forget the displayed fees/minimums. Also make sure you have filled your correct withdraw address.

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

Congrats! You've successfully purchased and safed (LTC) Litecoin in Kenya.

That's it!

Withdrawals from Cryptocurrency Exchange can take between 1 – 30 minutes (rely on usage of the network). As soon as you have proved your take off using Etherscan.io or Ethplorer.io and the Litecoin (LTC) is safe inside your wallet, you are done.