A Step-by-Step-Guide on how to buy Litecoin (LTC) in Saint Martin
Step 1 – Signup to Kraken You'll first need to purchase one of the bigger coins. Exchanges usually accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for any other Cryptocurrency. Follow the Link below to register and getting your first BTC (Bitcoin) or ETH (Ethereum).
Step 2 – Transmit Your Ethereum or Bitcoin to an Cryptocurrency Exchange Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Crypto Trader now. All exchanges have a deposit form that is similar. Litecoin (LTC) is available on Binance, so we will use that as an example. Unsure on how to send funds from Coinbase to an Crypto Trader? (Just follow this how-to) Make sure you've chosen the correct coin you wish to deposit. BTC must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, and so forth. In the case you're working with a decentralized exchange, like Airswap or DDEX could be divergent (Just follow our how-to).
Step 3 – Locate (LTC) Litecoin Once your deposit has been verified, you will directly have access to your finances and you can initiate buying and trading. To buy (LTC) Litecoin on Binance, you will want to hover over the tab which is called “Exchange” and then mouse click on “Basic”. In order to spot Litecoin (LTC), you will need to insert the cointype (LTC) into the search-box, which is marked in the graphic. Be certain of having choosen the correct pairing, we have highlighted this too. Click on “LTC/BTC” to advance.
Step 4 – Purchase (LTC) Litecoin As soon as you have found (LTC) Litecoin, you will be given a Price Chart (in the Center of the picture) and a few Order Books (on the Left of the image). And now we're creating our Limit Order. The field with the “Price” tag will be filled with the up-to-date tariff (LTC) Litecoin was sold for. This can be changed to your favoured rate. The “Amount” field is the volumen of LTC you like to purchase. The field with the “Total” tag is the aggregated price in BTC that you will pay for the complete quantity of LTC. When you're satisfied, click on “Buy LTC”. Your order will be filled when a Vender sells their LTC for the price you gave.
Step 5 – Withdraw (LTC) Litecoin Unless you are trading, best advise is not to keep your coins on an Exchange for an longer time frame. In order to withdraw your (LTC) Litecoin, hover over the “Funds” tab and click on “Withdraw”. (LTC) Litecoin can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find Litecoin (LTC) by using the given drop-down box. Enter the amount of Litecoin (LTC) you'd like to take off. Take into account the displayed minimus/fees. Also make sure you have entered your precise withdraw address. If you are satisfied, click “Submit”. You could be asked for phone/email verification ahead of a withdrawal.