How to Buy Litecoin (LTC) in Sri Lanka

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

Step 1 – Join Coinbase and get 10$ for free

You'll first need to buy units of the bigger currencies. Exchanges normally accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for Altcoins. Click the button below to register and receive your first 10$.

Step 2 – Transmit Your Ethereum or Bitcoin to an Cryptocurrency Exchange

Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Crypto Trader now. Every exchange has a deposit form that is identical. Litecoin (LTC) is available on Binance, so we will use that as an illustration. Not sure on how to send Coinbase funds to an Crypto Exchange? (Just follow this guide)

Make sure you have selected the exact coin you want to deposit.

BTC must be sent to a BTC deposit address, ETH to an Ethereum deposit address, etc. In the case you're dealing with a decentralized exchange, like Airswap or DDEX could be opposed (Follow these easy steps).

Step 3 – Find (LTC) Litecoin

As soon as your deposit has been approved, you'll instantly have access to your assets and you can begin purchasing and trading. To purchase (LTC) Litecoin on Binance, you'll want to go to the tab which is called “Exchange” and mouse click on “Basic”.

To discover Litecoin (LTC), you will need to insert the short name of the asset (LTC) into the search-box, which is marked in the picture. Be certain of having choosen the right pairing, we've highlighted this too. Click on “LTC/BTC” to progress.

Step 4 – Purchase (LTC) Litecoin

After you have spotted Litecoin (LTC), you will be given a Chart with Prices (in the Center of the picture) and some Order Books (on the Left of the image). For now we are making our own Limit Order.

The “Price” field will be filled with the most latest tariff Litecoin (LTC) was sold for. This can be changed to your favoured rate. The field with the “Amount” tag is the quantity of LTC you want to buy. The “Total” field is the total price in BTC that you'll pay for the whole quantity of LTC.

When you're glad, make a mouse click on “Buy LTC”. Your order 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 coins on an Crypto Exchange for an extended time period. In order to withdraw your (LTC) Litecoin, hover over the tab called “Funds” and mouse click on “Withdraw”. Litecoin (LTC) can be securely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Find Litecoin (LTC) by using the provided drop-down box. Enter the quantity of (LTC) Litecoin you'd like to take off. Take into account the shown minimus/fees. Also make sure you have filled your precise withdraw address.

When you are happy, click on “Submit”. You could be asked for verfication via email/phone ahead of a take off.

Congratulations! You have successfully bought and safed Litecoin (LTC) in Sri Lanka.

That's it!

Withdrawals from Cryptocurrency Exchange can durate anywhere from 1 – 30 minutes (depending on network usage). Once you've confirmed your take off using Ethplorer.io or Etherscan.io and the Litecoin (LTC) is stored in your wallet, you are done.