A Step-by-Step-Guide on how to buy Litecoin (LTC) in Singapore
Step 1 – Signup to Coinbase – Get Free $10 In the beginning you'll need to purchase one of the bigger currencies. Exchanges commonly accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for Altcoins. Click the button below for registration and to get your first 10 Dollar.
Step 2 – Transmit Your ETH (Ethereum) or BTC (Bitcoin) to an Cryptocurrency Exchange Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is alike. Litecoin (LTC) is available on Binance, so we're going to use that as an illustration. Unsure on how to send Coinbase funds to an Crypto Trader? (Follow this how-to) Make sure you have selected the correct coin you wish to deposit. BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, and so on. In the case you are using a decentralized exchange, such as Airswap or DDEX could be unlike (Just follow our guide).
Step 3 – Locate Litecoin (LTC) As soon as your deposit has been affirmed, you will directly have access to your assets and you can begin buying and trading. To invest in (LTC) Litecoin on Binance, you will want to go to the “Exchange” tab and click on “Basic”. In order to discover Litecoin (LTC), you will need to put the shortname of the coin (LTC) into the search box, which is marked in the image. Be certain of having selected the proper pairing, we have highlighted this too. Click on “LTC/BTC” to advance.
Step 4 – Buying Litecoin (LTC) After you have found (LTC) Litecoin, you will be given a Price Chart (in the Center of the picture) and some Order Books (Leftside of the image). For now we're going to create our Limit Order. The “Price” field will be automatically filled with the most latest price (LTC) Litecoin was traded for. This can be changed to your desired rate. The “Amount” field is the amount of LTC you like to buy. The field with the “Total” tag is the total price in BTC that you'll settle for the whole quantity of LTC. If you are satisfied, click on “Buy LTC”. Your order will be filled when a Seller sells their LTC for the price you submitted.
Step 5 – Withdraw Litecoin (LTC) Unless you're frequently trading, best advise is not to keep your crypto on an Crypto Trader for an longer time frame. In order to withdraw your (LTC) Litecoin, go to the “Funds” tab and click on “Withdraw”. Litecoin (LTC) can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find Litecoin (LTC) by using the provided drop-down box. Enter the volumen of (LTC) Litecoin you would like to withdraw. Don't forget the displayed fees/minimums. Also make sure you have filled your correct withdraw address. When you're glad, click on “Submit”. You could be asked for phone/email verification before a take off.