A Step-by-Step-Guide on how to buy Litecoin (LTC) in Senegal
Step 1 – Join Kraken In the beginning you'll need to purchase one of the top-tier currencies. Exchanges normally accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for any other Cryptocurrency. Click below to register and receive your first ETH (Ethereum) or BTC (Bitcoin).
Step 2 – Send Your BTC (Bitcoin) or ETH (Ethereum) to an Crypto Exchange Your Bitcoin or Ethereum has to be sent over to an Crypto Trader now. Every exchange has a deposit form that is similar. Litecoin (LTC) is obtainable on Binance, so we're going to use that as an sample. Not sure on how to send funds from Coinbase to an Crypto Trader? (Follow these easy steps) Make sure you have chosen the precise coin you want to deposit. Bitcoin must be sent to a BTC deposit address, ETH to an Ethereum deposit address, et cetera. In the case you are dealing with a decentralized exchange, like Airswap or DDEX could be different (Follow our guide).
Step 3 – Find Litecoin (LTC) As soon as your deposit has been verified, you'll directly have access to your finances and you can commence buying and trading. To purchase Litecoin (LTC) on Binance, you will want to hover over the tab which is called “Exchange” and then mouse click on “Basic”. In order to spot (LTC) Litecoin, you'll need to insert the short name of the asset (LTC) into the search box, which is highlighted in the image. Make sure you have choosen the proper grouping, we have highlighted this too. Click on “LTC/BTC” to go ahead.
Step 4 – Buying Litecoin (LTC) Once you've discovered Litecoin (LTC), 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 creating our Limit Order. The “Price” field will be filled with the latest tariff Litecoin (LTC) was sold for. This can be changed to your favoured price. The field with the “Amount” tag is the quantity of LTC you want to purchase. The field with the “Total” tag is the whole price in Bitcoin that you will pay for the whole quantity of LTC. When you are satisfied, make a mouse click on “Buy LTC”. Your plan will be filled when a Seller sells their LTC for the price you offered.
Step 5 – Withdraw (LTC) Litecoin Unless you are frequently trading, you should never keepyour crypto coins on an Exchange for an extended time period. In order to withdraw your (LTC) Litecoin, hover over the “Funds” tab and mouse click on “Withdraw”. (LTC) Litecoin can be stored safely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find Litecoin (LTC) by using the given drop-down box. Enter the volumen of (LTC) Litecoin you'd like to take off. Take into account the demonstrated fees/minimums. Also make sure you have entered your correct withdraw address. When you are happy, click “Submit”. You could be requested for phone/email verification ahead of a take off.