How to Buy Litecoin (LTC) in Somalia

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

Step 1 – Signup to Kraken

You'll first need to purchase units of the major currencies. Exchanges usually accept either Bitcoin or Ethereum in exchange for any other Cryptocurrency. Click the button below for registration and to get your welcome Bitcoin or Ethereum.

Step 2 – Transfer Your Ethereum (ETH) or Bitcoin (BTC) to an Crypto Trader

Your Bitcoin or Ethereum has to be sent over to an Crypto Trader now. All exchanges have a deposit form that is alike. Litecoin (LTC) is obtainable on Binance, so we will use that as an illustration. Not sure on how to send funds from Coinbase to an Crypto Exchange? (Follow this manual)

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

Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etc. In the case you are working with a decentralized exchange, like Airswap or DDEX could be unlike (Just follow our how-to).

Step 3 – Find Litecoin (LTC)

Once your deposit has been affirmed, you will directly have access to your finances and you can start invest and trading. To buy (LTC) Litecoin on Binance, you'll want to hover over the “Exchange” tab and then click on “Basic”.

In order to discover (LTC) Litecoin, you'll need to insert the cointype (LTC) into the search box, which is marked in the graphic. Make sure you have selected the right pairing, we have marked this also. Click on “LTC/BTC” to advance.

Step 4 – Buying Litecoin (LTC)

After you've spotted (LTC) Litecoin, you'll be given a Price Chart (in the Center of the image) and a few Order Books (on the Left of the image). And now we are creating our own Limit Order.

The “Price” field will be filled with the most recent rate (LTC) Litecoin was sold for. This can be changed to your favoured rate. The “Amount” field is the quantity of LTC you wish to purchase. The field with the “Total” tag is the total price in Bitcoin that you will settle for the whole volumen of LTC.

If you're glad, click on “Buy LTC”. Your plan will be filled as soon as a Vender trades their LTC for the price you introduced.

Step 5 – Withdraw Litecoin (LTC)

Unless you're trading, best advise is not to keep crypto on an Cryptocurrency Exchange for an longer period of time. To take off your (LTC) Litecoin, go to the tab called “Funds” and click on “Withdraw”. Litecoin (LTC) can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Litecoin (LTC) by using the provided drop-down box. Drop in the amount of (LTC) Litecoin you'd like to take off. Don't forget the shown fees/minimums. Also make sure you have filled your precise withdraw address.

When you are happy, click “Submit”. You may be asked for email/phone verification before a withdrawal.

Congratulations! You have successfully bought and stored Litecoin (LTC) in Somalia.

That's it!

Withdrawals from Crypto Trader can durate anywhere from 1 – 30 minutes (depending on network usage). As soon as you've proved your take off using Etherscan.io or Ethplorer.io and the Litecoin (LTC) is safe within your wallet, you're all done.