How to Buy Litecoin (LTC) in Philippines

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

Step 1 – Join Kraken

You will first need to buy one of the bigger coins. Exchanges usually accept either Bitcoin or Ethereum in exchange for Altcoins. Follow the Link below for registration and receive your first Bitcoin (BTC) or Ethereum (ETH).

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

Your Bitcoin or Ethereum has 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're going to use that as an sample. Unsure on how to send Coinbase funds to an Exchange? (Just follow this how-to)

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

Bitcoin must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, and so on. If you're dealing with a decentralized exchange, like Airswap or DDEX could be divergent (Just follow our manual).

Step 3 – Locate (LTC) Litecoin

Once your deposit has been confirmed, you will directly have access to your assets and you can start invest and trading. To buy Litecoin (LTC) on Binance, you'll want to go to the tab which is called “Exchange” and then click on “Basic”.

In order to spot (LTC) Litecoin, you'll need to put the short name of the asset (LTC) into the search-box, which is marked in the graphic. Make sure you have choosen the correct grouping, we have highlighted this also. Click on “LTC/BTC” to advance.

Step 4 – Purchasing (LTC) Litecoin

After you've found Litecoin (LTC), you'll be presented with a Price Chart (in the Center of the image) and a few Order Books (Leftside of the image). Next we're creating our Limit Order.

The field with the “Price” tag will be filled automatically with the latest price Litecoin (LTC) was sold for. You can change this to your favoured rate. The field with the “Amount” tag is the amount of LTC you want to purchase. The “Total” field is the aggregated price in Bitcoin that you will pay for the whole volumen of LTC.

When you are glad, make a mouse click on “Buy LTC”. Your plan will be filled as soon as a Vender trades their LTC for the price you offered.

Step 5 – Withdraw Litecoin (LTC)

Unless you are trading, best advise is not to keep coins on an Cryptocurrency Exchange for an extensive time period. To withdraw your Litecoin (LTC), hover over the “Funds” tab and click on “Withdraw”. Litecoin (LTC) can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate (LTC) Litecoin by using the provided drop-down box. Enter the quantity of Litecoin (LTC) you'd wish to take off. Don't forget the demonstrated minimus/fees. Also make sure you have filled your right withdraw address.

If you're happy, click “Submit”. You may be asked for verfication via phone/email ahead of a take off.

Congrats! You have successfully purchased and stored (LTC) Litecoin in Philippines.

That's it!

Withdrawals from Crypto Exchange can durate between 1 – 30 minutes (depending on usage of the network). As soon as you've confirmed your withdrawal with Etherscan.io or Ethplorer.io and the Litecoin (LTC) is safe inside your wallet, you are done.