How to Buy Litecoin (LTC) in Micronesia

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

Step 1 – Signup to Kraken

In the beginning you'll need to purchase units of the top-tier currencies. Exchanges normally accept either Bitcoin or Ethereum in exchange for Altcoins. Click the button below for registration and receive your first Ethereum or Bitcoin.

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 Trader now. All exchanges have a deposit form that is alike. Litecoin (LTC) is accessible on Binance, so we will use that as an sample. Not sure on how to send Coinbase funds to an Crypto Exchange? (Just follow these easy steps)

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

Bitcoin must be sent to a BTC deposit address, ETH to an ETH deposit address, and so forth. If you're using a decentralized exchange, like Airswap or DDEX could be opposed (Follow our guide).

Step 3 – Locate Litecoin (LTC)

Once your deposit has been confirmed, you'll immediately have access to your finances and you can start buying and trading. To purchase (LTC) Litecoin on Binance, you will want to go to the tab which is called “Exchange” and after that click on “Basic”.

To find (LTC) Litecoin, you will need to insert the short name of the asset (LTC) into the search box, which is highlighted in the picture. Make sure you have selected the correct grouping, we have highlighted this too. Click on “LTC/BTC” to go on.

Step 4 – Buying Litecoin (LTC)

Once you've discovered (LTC) Litecoin, you'll be presented with a Price Chart (in the Center of the image) and a few Order Books (on the Left of the image). For now we're going to create our own Limit Order.

The “Price” field will be filled with the up-to-date tariff Litecoin (LTC) was sold for. This can be changed to your favoured rate. The “Amount” field is the volumen of LTC you wish to buy. The “Total” field is the aggregated price in Bitcoin that you will settle for the whole amount of LTC.

If you're satisfied, click on “Buy LTC”. Your plan will be filled as soon as a Seller trades their LTC for the price you gave.

Step 5 – Withdraw (LTC) Litecoin

Unless you are regularly trading, best advise is not to keep coins on an Cryptocurrency Exchange for an longer time frame. To take off your (LTC) Litecoin, go to the tab called “Funds” and click on “Withdraw”. Litecoin (LTC) can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

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

When you're satisfied, click on “Submit”. You may be asked for email/phone verification ahead of a withdrawal.

Congratulations! You have successfully purchased and safed Litecoin (LTC) in Micronesia.

That's it!

Withdrawals from Crypto Trader can durate anywhere from 1 – 30 minutes (rely on usage of the network). Once you have proved your take off using Etherscan.io or Ethplorer.io and the (LTC) Litecoin is stored inside your wallet, you're all done.