How to Buy Litecoin (LTC) in Saudi Arabia

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

Step 1 – Join Coinbase – Get Free $10

In the beginning you'll need to buy one of the bigger currencies. Exchanges normally accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for any other Cryptocurrency. Click below to register and to get your first 10$.

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

Your Ethereum or Bitcoin has to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is identical. Litecoin (LTC) is obtainable on Binance, so we will use that as an illustration. Unsure on how to send funds from Coinbase to an Crypto Exchange? (Just follow this how-to)

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

Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, and so on. In the case you are using a decentralized exchange, like Airswap or DDEX could be different (Follow these easy steps).

Step 3 – Locate Litecoin (LTC)

Once your deposit has been approved, you will immediately have access to your finances and you can start invest and trading. To purchase Litecoin (LTC) on Binance, you will want to go to the “Exchange” tab and then click on “Basic”.

In order to discover Litecoin (LTC), you'll need to put the cointype (LTC) into the search box, which is highlighted in the image. Be certain of having selected the right pairing, we have highlighted this too. Click on “LTC/BTC” to go ahead.

Step 4 – Buy (LTC) Litecoin

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

The “Price” field will be filled with the most up-to-date rate (LTC) Litecoin was traded for. This can be changed to your desired price. The “Amount” field is the amount of LTC you wish to purchase. The “Total” field is the total price in BTC that you will settle for the complete amount of LTC.

If you are happy, click on “Buy LTC”. Your order will be filled when a Vendor sells their LTC for the price you offered.

Step 5 – Withdraw (LTC) Litecoin

Unless you're trading, best advise is not to keep your crypto coins on an Crypto Exchange for an longer time frame. In order to withdraw your Litecoin (LTC), hover over the “Funds” tab and click on “Withdraw”. (LTC) Litecoin can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Locate (LTC) Litecoin by using the given drop-down box. Drop in the amount of (LTC) Litecoin you'd like to take off. Take into account the demonstrated fees/minimums. Also make sure you have filled your correct withdraw address.

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

Kudos! You have successfully purchased and safed Litecoin (LTC) in Saudi Arabia.

That's it!

Take offs from Crypto Exchange can durate anywhere from 1 – 30 minutes (rely on usage of the network). As soon as you've confirmed your withdrawal using Ethplorer.io or Etherscan.io and the Litecoin (LTC) is safe within your wallet, you're all done.