How to Buy Litecoin (LTC) in Papua New Guinea

A Step-by-Step-Guide on how to buy Litecoin (LTC) in Papua New Guinea

Step 1 – Signup to Kraken

In the beginning you'll need to buy units of the bigger currencies. Exchanges commonly accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for any other Cryptocurrency. Click below for registration and to get your welcome BTC (Bitcoin) or ETH (Ethereum).

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

Your Ethereum or Bitcoin has to be sent over to an Crypto Trader now. All exchanges have a deposit form that is identical. 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 Crypto Exchange? (Just follow this guide)

Make sure you've selected the exact coin you wish to deposit.

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

Step 3 – Locate Litecoin (LTC)

As soon as your deposit has been affirmed, you will directly have access to your finances and you can initiate purchasing and trading. To invest in (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 discover (LTC) Litecoin, you will need to insert the cointype (LTC) into the search box, which is marked in the picture. Make sure you have selected the correct grouping, we have marked this too. Click on “LTC/BTC” to progress.

Step 4 – Purchase Litecoin (LTC)

After you've discovered (LTC) Litecoin, you'll be given a Price Chart (in the Center of the image) and some Order Books (Leftside of the image). And now we are going to make our own Limit Order.

The field with the “Price” tag will be filled with the most recent valuation (LTC) Litecoin was traded for. This can be changed to your favoured price. The “Amount” field is the volumen of LTC you like to buy. The “Total” field is the total price in Bitcoin that you'll settle for the whole quantity of LTC.

If you are happy, make a mouse click on “Buy LTC”. Your plan will be filled when a Vender trades their LTC for the price you gave.

Step 5 – Withdraw Litecoin (LTC)

Unless you're trading, best advise is not to keep your crypto on an Exchange for an extended time period. To take off your Litecoin (LTC), go to the tab called “Funds” and mouse click on “Withdraw”. (LTC) Litecoin can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

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

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

Congratulations! You have successfully bought and stored (LTC) Litecoin in Papua New Guinea.

That's it!

Take offs from Crypto Exchange can take between 1 – 30 minutes (rely on network usage). Once you have confirmed your withdrawal using Etherscan.io or Ethplorer.io and the (LTC) Litecoin is stored within your wallet, you're done.