A Step-by-Step-Guide on how to buy Litecoin (LTC) in Seychelles
Step 1 – Join Kraken In the beginning you'll need to purchase units of the bigger currencies. Exchanges commonly accept either Ethereum or Bitcoin in exchange for any other Cryptocurrency. Click below to register and receive your welcome BTC (Bitcoin) or ETH (Ethereum).
Step 2 – Transfer Your Funds to an Crypto Trader Your Ethereum or Bitcoin will need to be sent over to an Exchange now. All exchanges have a deposit form that is identical. Litecoin (LTC) is accessible on Binance, so we're going to use that as an illustration. Not sure on how to send funds from Coinbase to an Exchange? (Follow these easy steps) Make sure you've selected the right coin you want to deposit. Bitcoin must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, and so forth. In the case you're working with a decentralized exchange, like Airswap or DDEX could be different (Follow these easy steps).
Step 3 – Locate (LTC) Litecoin As soon as your deposit has been verified, you will now have access to your finances and you can begin buying and trading. To purchase (LTC) Litecoin on Binance, you'll want to go to the tab which is called “Exchange” and click on “Basic”. To spot (LTC) Litecoin, you'll need to put the cointype (LTC) into the search box, which is marked in the graphic. Be certain of having selected the correct grouping, we have highlighted this also. Click on “LTC/BTC” to continue.
Step 4 – Buying (LTC) Litecoin Once you have found Litecoin (LTC), you'll be presented with a Price Chart (in the Center of the picture) and some Order Books (Leftside of the image). Next we're making our own Limit Order. The field with the “Price” tag will be automatically filled with the up-to-date rate (LTC) Litecoin was sold for. This can be changed to your preferred price. The field with the “Amount” tag is the quantity of LTC you want to purchase. The “Total” field is the aggregated price in BTC that you'll settle for the whole volumen of LTC. When you are satisfied, click on “Buy LTC”. Your plan will be filled when a Seller trades their LTC for the price you introduced.
Step 5 – Withdraw Litecoin (LTC) Unless you're regularly trading, never keep your crypto on an Cryptocurrency Exchange for an extended time frame. In order to withdraw your Litecoin (LTC), go to the tab called “Funds” and click on “Withdraw”. Litecoin (LTC) can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate (LTC) Litecoin by using the given drop-down box. Drop in the quantity of Litecoin (LTC) you'd like to take off. Don't forget the presented fees/minimums. Also make sure you have entered your right withdraw address. If you are glad, click on “Submit”. You could be requested for phone/email verification before a take off.