A Step-by-Step-Guide on how to buy Litecoin (LTC) in Svalbard
Step 1 – Signup to Kraken You'll first need to buy one of the top-tier coins. Exchanges normally accept either Ethereum or Bitcoin in exchange for any other Cryptocurrency. Click the button below to register and receive your first Ethereum or Bitcoin.
Step 2 – Send Your Bitcoin or Ethereum to an Crypto Exchange Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Crypto Trader now. Every exchange has a deposit form that is similar. Litecoin (LTC) is obtainable on Binance, so we will use that as an example. Unsure on how to send Coinbase funds to an Exchange? (Just follow this guide) Make sure you've selected the right coin you would like to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, and so forth. If you're dealing with a decentralized exchange, like Airswap or DDEX could be unlike (Follow our how-to).
Step 3 – Locate (LTC) Litecoin As soon as your deposit has been approved, you'll now have access to your funds and you can begin buying and trading. To purchase (LTC) Litecoin on Binance, you will want to go to the “Exchange” tab and after that mouse click on “Basic”. In order to locate Litecoin (LTC), you will need to insert the short name of the asset (LTC) into the search box, which is highlighted in the graphic. Make sure you have selected the right grouping, we have marked this too. Click on “LTC/BTC” to proceed.
Step 4 – Purchasing Litecoin (LTC) After you have discovered (LTC) Litecoin, you will be presented with a Chart with Prices (in the Center of the picture) and a few Order Books (on the Left of the image). Next we are going to create our own Limit Order. The “Price” field will be filled automatically with the most latest price (LTC) Litecoin was traded for. You can change this to your desired price. The field with the “Amount” tag is the quantity of LTC you wish to purchase. The field with the “Total” tag is the aggregated price in BTC that you'll pay for the complete quantity of LTC. If you're glad, make a mouse click on “Buy LTC”. Your order will be filled as soon as a Vendor trades their LTC for the price you introduced.
Step 5 – Withdraw Litecoin (LTC) Unless you are frequently trading, never keep your coins on an Crypto Trader for an extensive time period. To withdraw your (LTC) Litecoin, go to the “Funds” tab and mouse click on “Withdraw”. Litecoin (LTC) can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find Litecoin (LTC) by using the provided drop-down box. Put into the quantity of Litecoin (LTC) you'd like to take off. Take into account the demonstrated minimus/fees. Also make sure you have entered your right withdraw address. If you're glad, click “Submit”. You could be requested for verfication via email/phone ahead of a withdrawal.