How to Buy Litecoin (LTC) in Svalbard

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

Step 1 – Join Coinbase – Get Free $10

You will first need to buy units of the major coins. Exchanges commonly accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for any other Cryptocurrency. Click below for registration and getting your welcome $10.

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

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

Make sure you have chosen the correct coin you would like to deposit.

Bitcoin must be sent to a BTC deposit address, ETH to an Ethereum deposit address, and so forth. If you're working with a decentralized exchange, like Airswap or DDEX could be different (Follow our manual).

Step 3 – Locate (LTC) Litecoin

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

To discover (LTC) Litecoin, you'll need to insert the short name of the asset (LTC) into the search box, which is highlighted in the image. Be certain of having choosen the proper grouping, we have marked this also. Click on “LTC/BTC” to go on.

Step 4 – Purchasing (LTC) Litecoin

As soon as you've spotted (LTC) Litecoin, you will be presented with a Chart with Prices (in the Center of the image) and a few Order Books (on the Left of the image). And now we're going to create our own Limit Order.

The “Price” field will be filled automatically with the most up-to-date rate Litecoin (LTC) was sold for. This can be changed to your preferred price. The “Amount” field is the amount of LTC you want to purchase. The field with the “Total” tag is the total price in Bitcoin that you will settle for the complete quantity of LTC.

When you're glad, make a mouse click on “Buy LTC”. Your order will be filled as soon as a Vender sells their LTC for the price you offered.

Step 5 – Withdraw Litecoin (LTC)

Unless you're regularly trading, best advise is not to keep crypto on an Exchange for an extended period of time. In order to withdraw your (LTC) Litecoin, hover over the “Funds” tab and click on “Withdraw”. Litecoin (LTC) can be stored securely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Find Litecoin (LTC) by using the provided drop-down box. Drop in the amount of (LTC) Litecoin you would like to take off. Take into account the presented minimus/fees. Also make sure you have filled your correct withdraw address.

If you are satisfied, make a mouse click on “Submit”. You could be requested for phone/email verification before a withdrawal.

Kudos! You have successfully bought and stored (LTC) Litecoin in Svalbard.

That's it!

Withdrawals from Crypto Trader can take anywhere from 1 – 30 minutes (rely on network usage). Once you have confirmed your withdrawal using Ethplorer.io or Etherscan.io and the Litecoin (LTC) is safe inside your wallet, you're finished.