A Step-by-Step-Guide on how to buy Litecoin (LTC) in Russia
Step 1 – Join Kraken In the beginning you'll need to purchase one of the bigger coins. Exchanges usually accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for alternative Coins. Follow the Link below for registration and to get your welcome BTC (Bitcoin) or ETH (Ethereum).
Step 2 – Transmit Your Bitcoin (BTC) or Ethereum (ETH) to an Cryptocurrency Exchange Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is similar. Litecoin (LTC) is accessible on Binance, so we're going to use that as an example. Not sure on how to send funds from Coinbase to an Crypto Exchange? (Follow these easy steps) Make sure you've chosen the correct coin you want to deposit. Bitcoin must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, and so on. In the case you're working with a decentralized exchange, like Airswap or DDEX could be divergent (Just follow our guide).
Step 3 – Find (LTC) Litecoin As soon as your deposit has been affirmed, you'll instantly have access to your finances and you can commence buying and trading. To invest in (LTC) Litecoin on Binance, you'll want to hover over the tab which is called “Exchange” and click on “Basic”. To find Litecoin (LTC), you'll need to put the short name of the asset (LTC) into the search-box, which is marked in the picture. Be certain of having selected the proper grouping, we've marked this also. Click on “LTC/BTC” to advance.
Step 4 – Purchase (LTC) Litecoin Once you've spotted (LTC) Litecoin, you'll be given a Price Chart (in the Center of the picture) and a few Order Books (Leftside of the picture). And now we are going to make our own Limit Order. The “Price” field will be filled automatically with the most recent valuation Litecoin (LTC) was sold for. This can be changed to your preferred rate. The “Amount” field is the volumen of LTC you wish to buy. The field with the “Total” tag is the total price in BTC that you'll pay for the whole amount of LTC. When you are satisfied, make a mouse click on “Buy LTC”. Your order will be filled when a Vender trades their LTC for the price you gave.
Step 5 – Withdraw Litecoin (LTC) Unless you are trading, you should never keepyour crypto coins on an Cryptocurrency Exchange for an longer time frame. In order to withdraw your Litecoin (LTC), go to the “Funds” tab and mouse click on “Withdraw”. Litecoin (LTC) can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find Litecoin (LTC) by using the given drop-down box. Put into the volumen of (LTC) Litecoin you would like to take off. Take into account the presented minimus/fees. Also make sure you have entered your correct withdraw address. If you're happy, click “Submit”. You may be requested for phone/email verification ahead of a take off.