How to Buy Litecoin (LTC) in Libya

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

Step 1 – Join Kraken

You'll first need to buy units of the top-tier coins. Exchanges commonly accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for alternative Coins. Click the button below for registration and receive your welcome Bitcoin (BTC) or Ethereum (ETH).

Step 2 – Send Your Funds to an Cryptocurrency Exchange

Your Bitcoin or Ethereum has to be sent over to an Crypto Trader now. Every exchange has a deposit form that is similar. Litecoin (LTC) is available on Binance, so we will use that as an illustration. Not sure on how to send Coinbase funds to an Crypto Trader? (Just follow this how-to)

Make sure you've chosen 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 forth. In the case you are dealing with a decentralized exchange, such as Airswap or DDEX could be unlike (Follow our guide).

Step 3 – Find (LTC) Litecoin

As soon as your deposit has been confirmed, you will directly have access to your finances and you can commence invest and trading. To purchase (LTC) Litecoin on Binance, you will want to go to the tab which is called “Exchange” and mouse click on “Basic”.

To locate (LTC) Litecoin, you'll need to insert the cointype (LTC) into the search box, which is marked in the image. Make sure you have choosen the right grouping, we've highlighted this also. Click on “LTC/BTC” to advance.

Step 4 – Buying Litecoin (LTC)

After you've located Litecoin (LTC), you'll be presented with a Price Chart (in the Center of the picture) and a few Order Books (on the Left of the image). For now we are making our own Limit Order.

The “Price” field will be filled with the up-to-date price Litecoin (LTC) was traded for. You can change this to your preferred rate. The “Amount” field is the volumen of LTC you want to buy. The “Total” field is the total price in Bitcoin that you'll pay for the whole volumen of LTC.

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

Step 5 – Withdraw (LTC) Litecoin

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

Locate Litecoin (LTC) by using the provided drop-down box. Drop in the volumen of (LTC) Litecoin you would wish to withdraw. Don't forget the displayed fees/minimums. Also make sure you have filled your correct withdraw address.

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

Kudos! You have successfully purchased and stored (LTC) Litecoin in Libya.

That's it!

Withdrawals from Crypto Trader can durate anywhere from 1 – 30 minutes (rely on network usage). Once you have confirmed your take off with Ethplorer.io or Etherscan.io and the (LTC) Litecoin is stored within your wallet, you are all done.
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