How to Buy Litecoin (LTC) in Taiwan

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

Step 1 – Signup to Kraken

You'll first need to purchase one of the major currencies. Exchanges usually accept either Bitcoin or Ethereum in exchange for alternative Coins. Click below to register and getting your first BTC (Bitcoin) or ETH (Ethereum).

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

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

Make sure you've chosen the precise coin you would like to deposit.

BTC must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, etc. If you are working with a decentralized exchange, such as Airswap or DDEX could be opposed (Just follow our manual).

Step 3 – Find (LTC) Litecoin

As soon as your deposit has been confirmed, you'll instantly have access to your finances and you can initiate purchasing and trading. To purchase (LTC) Litecoin on Binance, you'll want to hover over the “Exchange” tab and then mouse click on “Basic”.

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

Step 4 – Buy (LTC) Litecoin

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

The field with the “Price” tag will be automatically filled with the up-to-date tariff (LTC) Litecoin was traded for. You can change this to your desired price. The “Amount” field is the amount of LTC you wish to buy. The “Total” field is the aggregated price in Bitcoin that you will settle for the complete quantity of LTC.

When you're happy, click on “Buy LTC”. Your order will be filled when a Vender sells their LTC for the price you introduced.

Step 5 – Withdraw (LTC) Litecoin

Unless you are frequently trading, best advise is not to keep crypto on an Cryptocurrency Exchange for an extended period of time. In order to take off your Litecoin (LTC), hover over the tab called “Funds” and mouse click on “Withdraw”. Litecoin (LTC) can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Find (LTC) Litecoin by using the provided drop-down box. Enter the volumen of (LTC) Litecoin you would like to withdraw. Take into account the displayed fees/minimums. Also make sure you have entered your right withdraw address.

When you're happy, make a mouse click on “Submit”. You may be asked for email/phone verification ahead of a take off.

Kudos! You have successfully purchased and stored (LTC) Litecoin in Taiwan.

That's it!

Withdrawals from Exchange can take between 1 – 30 minutes (depending on network usage). Once you have confirmed your withdrawal with Etherscan.io or Ethplorer.io and the Litecoin (LTC) is safe within your wallet, you're finished.