A Step-by-Step-Guide on how to buy Litecoin (LTC) in Kuwait
Step 1 – Join Kraken You will first need to buy one of the major currencies. Exchanges usually accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for alternative Coins. Follow the Link below for registration and getting your first Ethereum or Bitcoin.
Step 2 – Send Your Bitcoin (BTC) or Ethereum (ETH) to an Crypto Trader Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is alike. Litecoin (LTC) is accessible on Binance, so we will use that as an sample. Unsure on how to send Coinbase funds to an Cryptocurrency Exchange? (Follow this how-to) Make sure you've selected the correct coin you would like to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, et cetera. If you are working with a decentralized exchange, such as Airswap or DDEX could be opposed (Just follow our guide).
Step 3 – Find Litecoin (LTC) Once your deposit has been verified, you'll instantly have access to your finances and you can initiate buying and trading. To buy Litecoin (LTC) on Binance, you'll want to go to the “Exchange” tab and mouse click on “Basic”. To discover (LTC) Litecoin, you will need to insert the short name of the asset (LTC) into the search-box, which is marked in the picture. Make sure you have selected the correct pairing, we've marked this also. Click on “LTC/BTC” to proceed.
Step 4 – Purchase Litecoin (LTC) Once you've spotted (LTC) Litecoin, you will be presented with a Price Chart (in the Center of the image) and some Order Books (Leftside of the picture). Next we're going to make our Limit Order. The field with the “Price” tag will be filled with the most latest tariff (LTC) Litecoin was traded for. You can change this to your preferred price. The “Amount” field is the quantity of LTC you want to purchase. The field with the “Total” tag is the aggregated price in Bitcoin that you'll settle for the complete amount of LTC. If you are satisfied, make a mouse click on “Buy LTC”. Your order will be filled when a Seller trades their LTC for the price you introduced.
Step 5 – Withdraw Litecoin (LTC) Unless you're regularly trading, best advise is not to keep coins on an Crypto Trader 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 safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find Litecoin (LTC) by using the provided drop-down box. Enter the volumen of (LTC) Litecoin you would wish to take off. Don't forget the shown fees/minimums. Also make sure you have entered your precise withdraw address. When you are happy, click “Submit”. You may be requested for phone/email verification ahead of a take off.