How to Buy Litecoin (LTC) in Micronesia

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

Step 1 – Signup to Coinbase and recieve 10$ for free

You will first need to purchase units of the major currencies. Exchanges usually accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for Altcoins. Click the button below for registration and getting your first 10 Dollar.

Step 2 – Send Your ETH (Ethereum) or BTC (Bitcoin) to an Cryptocurrency Exchange

Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is identical. Litecoin (LTC) is obtainable on Binance, so we're going to use that as an sample. Unsure on how to send Coinbase funds to an Cryptocurrency Exchange? (Just follow this guide)

Make sure you've chosen the exact coin you want to deposit.

Bitcoin must be sent to a BTC deposit address, ETH to an Ethereum deposit address, etc. In the case you are using a decentralized exchange, such as Airswap or DDEX could be opposed (Just follow our guide).

Step 3 – Locate (LTC) Litecoin

Once your deposit has been affirmed, you will instantly have access to your assets and you can initiate buying and trading. To buy (LTC) Litecoin on Binance, you'll want to hover over the tab which is called “Exchange” and after that mouse click on “Basic”.

In order to spot (LTC) Litecoin, you will need to insert the cointype (LTC) into the search box, which is marked in the image. Be certain of having selected the correct pairing, we have highlighted this also. Click on “LTC/BTC” to progress.

Step 4 – Purchase Litecoin (LTC)

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

The field with the “Price” tag will be automatically filled with the most recent tariff Litecoin (LTC) was traded for. You can change this to your preferred rate. The field with the “Amount” tag is the quantity of LTC you like to buy. The “Total” field is the total price in BTC that you will settle for the complete amount of LTC.

If you're happy, click on “Buy LTC”. Your order will be filled as soon as a Vendor trades their LTC for the price you introduced.

Step 5 – Withdraw (LTC) Litecoin

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

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

When you're satisfied, make a mouse click on “Submit”. You could be requested for verfication via email/phone ahead of a take off.

Kudos! You've successfully bought and safed Litecoin (LTC) in Micronesia.

That's it!

Withdrawals from Crypto Exchange can durate between 1 – 30 minutes (rely on usage of the network). Once you have confirmed your take off with Ethplorer.io or Etherscan.io and the Litecoin (LTC) is safe in your wallet, you're finished.