A Step-by-Step-Guide on how to buy Litecoin (LTC) in Switzerland
Step 1 – Signup to Kraken You'll first need to purchase one of the major coins. Exchanges commonly accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for alternative Coins. Click the button below for registration and receive your welcome ETH (Ethereum) or BTC (Bitcoin).
Step 2 – Send Your Funds to an Exchange Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is alike. Litecoin (LTC) is obtainable on Binance, so we're going to use that as an example. Not sure on how to send funds from Coinbase to an Crypto Trader? (Follow this how-to) Make sure you have chosen the exact coin you wish to deposit. BTC must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, et cetera. If you're dealing with a decentralized exchange, such as Airswap or DDEX could be unlike (Just follow our how-to).
Step 3 – Locate Litecoin (LTC) As soon as your deposit has been affirmed, you'll immediately have access to your funds and you can start buying and trading. To buy (LTC) Litecoin on Binance, you will want to go to the tab which is called “Exchange” and then mouse click on “Basic”. To find Litecoin (LTC), you will need to put the short name of the asset (LTC) into the search-box, which is highlighted in the graphic. Be certain of having choosen the proper pairing, we have marked this also. Click on “LTC/BTC” to advance.
Step 4 – Buy (LTC) Litecoin As soon as you have found (LTC) Litecoin, you will be presented with a Price Chart (in the Center of the picture) and some Order Books (on the Left of the image). For now we're creating our Limit Order. The “Price” field will be filled with the most latest rate Litecoin (LTC) was traded for. This can be changed to your preferred price. The “Amount” field is the quantity of LTC you like to buy. The “Total” field is the total price in BTC that you'll pay for the whole quantity of LTC. When you are glad, click on “Buy LTC”. Your plan will be filled when a Seller sells their LTC for the price you submitted.
Step 5 – Withdraw (LTC) Litecoin Unless you are regularly trading, never keep your crypto coins on an Crypto Exchange for an extended period of time. To take off your Litecoin (LTC), go to the tab called “Funds” and click on “Withdraw”. (LTC) Litecoin can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find Litecoin (LTC) by using the provided drop-down box. Drop in the volumen of (LTC) Litecoin you'd wish to take off. Don't forget the demonstrated fees/minimums. Also make sure you have entered your correct withdraw address. When you're glad, click on “Submit”. You may be asked for verfication via phone/email ahead of a withdrawal.