How to Buy Litecoin (LTC) in Korea

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

Step 1 – Signup to Kraken

In the beginning you'll need to buy units of the bigger coins. Exchanges commonly accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for any other Cryptocurrency. Click the button below to register and receive your first ETH (Ethereum) or BTC (Bitcoin).

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

Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Crypto Trader now. Every exchange has a deposit form that is similar. Litecoin (LTC) is accessible on Binance, so we will use that as an sample. Unsure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Follow this manual)

Make sure you have chosen the right coin you want to deposit.

Bitcoin must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, and so on. In the case you're using a decentralized exchange, like Airswap or DDEX could be unlike (Just follow our how-to).

Step 3 – Find Litecoin (LTC)

Once your deposit has been affirmed, you'll directly have access to your assets and you can begin purchasing and trading. To buy Litecoin (LTC) on Binance, you will want to go to the tab which is called “Exchange” and click on “Basic”.

In order to find (LTC) Litecoin, you'll need to put the shortname of the coin (LTC) into the search-box, which is marked in the image. Be certain of having choosen the correct grouping, we have marked this too. Click on “LTC/BTC” to advance.

Step 4 – Buying (LTC) Litecoin

Once 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). Next we're creating our own Limit Order.

The field with the “Price” tag will be filled automatically with the up-to-date price Litecoin (LTC) was traded for. This can be changed to your desired rate. The field with the “Amount” tag is the amount of LTC you like to buy. The field with the “Total” tag is the total price in BTC that you'll pay for the complete amount of LTC.

When you're satisfied, make a mouse click on “Buy LTC”. Your order will be filled when a Seller trades their LTC for the price you submitted.

Step 5 – Withdraw Litecoin (LTC)

Unless you're regularly trading, never keep your crypto coins on an Cryptocurrency Exchange for an longer time period. In order to take off your (LTC) Litecoin, hover over the tab called “Funds” and click on “Withdraw”. (LTC) Litecoin can be stored securely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Locate (LTC) Litecoin by using the given drop-down box. Enter the quantity of (LTC) Litecoin you would like to take off. Don't forget the presented minimus/fees. Also make sure you have entered your right withdraw address.

When you are glad, make a mouse click on “Submit”. You could be asked for phone/email verification before a withdrawal.

Congratulations! You have successfully purchased and stored Litecoin (LTC) in Korea.

That's it!

Take offs from Exchange can take anywhere from 1 – 30 minutes (depending on network usage). Once you've confirmed your withdrawal using Etherscan.io or Ethplorer.io and the (LTC) Litecoin is stored in your wallet, you're all done.