How to Buy Litecoin (LTC) in Norfolk Island

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

Step 1 – Join Kraken

You will first need to purchase one of the major currencies. Exchanges usually accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for alternative Coins. Click the button below to register and getting your welcome Ethereum (ETH) or Bitcoin (BTC).

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

Your Ethereum or Bitcoin has to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is alike. Litecoin (LTC) is accessible on Binance, so we're going to use that as an illustration. Not sure on how to send Coinbase funds to an Exchange? (Just follow this guide)

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

BTC must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, and so forth. If you're dealing with a decentralized exchange, such as Airswap or DDEX could be divergent (Just follow our how-to).

Step 3 – Locate (LTC) Litecoin

Once your deposit has been approved, you'll directly have access to your assets and you can commence invest and trading. To purchase (LTC) Litecoin on Binance, you will want to hover over the “Exchange” tab and mouse click on “Basic”.

To spot Litecoin (LTC), you will need to put the shortname of the coin (LTC) into the search box, which is highlighted in the graphic. Be certain of having choosen the proper pairing, we have highlighted this also. Click on “LTC/BTC” to progress.

Step 4 – Acquisition of Litecoin (LTC)

After you've located (LTC) Litecoin, you'll be presented with a Chart with Prices (in the Center of the image) and a few Order Books (Leftside of the picture). Next we're making our own Limit Order.

The field with the “Price” tag will be filled with the latest tariff (LTC) Litecoin was sold for. You can change this to your preferred price. The field with the “Amount” tag is the volumen of LTC you want to buy. The field with the “Total” tag is the aggregated price in BTC that you'll settle for the complete amount of LTC.

If you are satisfied, click on “Buy LTC”. Your plan will be filled as soon as a Seller sells their LTC for the price you introduced.

Step 5 – Withdraw Litecoin (LTC)

Unless you are trading, never keep your crypto on an Cryptocurrency Exchange for an longer time period. In order to withdraw your (LTC) Litecoin, go to the “Funds” tab and mouse click on “Withdraw”. Litecoin (LTC) can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find Litecoin (LTC) by using the given drop-down box. Enter the quantity of (LTC) Litecoin you would like to withdraw. Take into account the demonstrated minimus/fees. Also make sure you have entered your correct withdraw address.

If you're satisfied, click on “Submit”. You could be requested for phone/email verification ahead of a withdrawal.

Kudos! You've successfully purchased and stored (LTC) Litecoin in Norfolk Island.

That's it!

Take offs from Crypto Exchange can durate between 1 – 30 minutes (depending on usage of the network). Once you have proved your take off using Etherscan.io or Ethplorer.io and the Litecoin (LTC) is stored in your wallet, you're done.
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