How to Buy Litecoin (LTC) in Slovakia

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

Step 1 – Join Kraken

You'll first need to buy one of the major currencies. Exchanges normally accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for alternative Coins. Click the button below for registration and getting your first ETH (Ethereum) or BTC (Bitcoin).

Kraken Signup
Step 2 – Send Your Ethereum (ETH) or Bitcoin (BTC) to an Exchange

Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is similar. Litecoin (LTC) is accessible on Binance, so we will use that as an sample. Not sure on how to send Coinbase funds to an Crypto Trader? (Follow this how-to)

Make sure you've selected the correct coin you wish to deposit.

Bitcoin must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, etcetera. In the case you are dealing with a decentralized exchange, like Airswap or DDEX could be unlike (Follow our how-to).

Binance Signup

Step 3 – Locate (LTC) Litecoin

Once your deposit has been approved, you will immediately have access to your funds and you can begin buying and trading. To purchase (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 put the short name of the asset (LTC) into the search box, which is highlighted in the image. Be certain of having choosen the proper pairing, we've highlighted this also. Click on “LTC/BTC” to go on.

Step 4 – Buy Litecoin (LTC)

After you've located Litecoin (LTC), you will be presented with a Price Chart (in the Center of the picture) and a few Order Books (Leftside of the picture). For now we are making our Limit Order.

The “Price” field will be filled with the most recent rate (LTC) Litecoin was traded for. You can change this to your preferred rate. The “Amount” field is the amount of LTC you wish to purchase. The “Total” field is the whole price in Bitcoin that you'll settle for the complete amount of LTC.

If you're glad, make a mouse click on “Buy LTC”. Your plan will be filled when a Vendor sells their LTC for the price you gave.

Step 5 – Withdraw Litecoin (LTC)

Unless you're trading, best advise is not to keep coins on an Crypto Trader for an extended time period. In order to withdraw your (LTC) Litecoin, go to the tab called “Funds” and mouse click on “Withdraw”. (LTC) Litecoin can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Litecoin (LTC) by using the provided drop-down box. Drop in the amount of (LTC) Litecoin you would wish to withdraw. Take into account the shown minimus/fees. Also make sure you have entered your right withdraw address.

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

Congratulations! You've successfully purchased and stored Litecoin (LTC) in Slovakia.

That's it!

Take offs from Crypto Exchange can take anywhere from 1 – 30 minutes (rely on usage of the network). Once you have confirmed your withdrawal with Etherscan.io or Ethplorer.io and the Litecoin (LTC) is stored in your wallet, you're finished.
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