How to Buy Litecoin (LTC) in Tanzania

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

Step 1 – Join Kraken

You'll first need to buy units of the major coins. Exchanges normally accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for Altcoins. Follow the Link below for registration and receive your first Ethereum (ETH) or Bitcoin (BTC).

Step 2 – Transmit Your Ethereum (ETH) or Bitcoin (BTC) to an Cryptocurrency Exchange

Your Bitcoin or Ethereum will need to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is identical. Litecoin (LTC) is available on Binance, so we will use that as an illustration. Unsure on how to send funds from Coinbase to an Crypto Exchange? (Just follow these easy steps)

Make sure you've selected the right coin you would like to deposit.

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

Step 3 – Find (LTC) Litecoin

Once your deposit has been affirmed, you will immediately have access to your funds and you can initiate purchasing and trading. To buy Litecoin (LTC) on Binance, you'll want to hover over the tab which is called “Exchange” and after that click on “Basic”.

In order to spot (LTC) Litecoin, you will need to put the shortname of the coin (LTC) into the search box, which is highlighted in the graphic. Make sure you have choosen the right pairing, we have highlighted this also. Click on “LTC/BTC” to go ahead.

Step 4 – Purchase Litecoin (LTC)

After you've spotted Litecoin (LTC), you will be presented with a Chart with Prices (in the Center of the image) and a few Order Books (Leftside of the image). And now we're going to make our own Limit Order.

The field with the “Price” tag will be filled automatically with the latest valuation (LTC) Litecoin was traded for. You can change this to your desired rate. The field with the “Amount” tag is the quantity of LTC you wish to buy. The “Total” field is the aggregated price in Bitcoin that you will pay for the complete volumen of LTC.

If you're glad, click on “Buy LTC”. Your plan will be filled when a Vendor trades their LTC for the price you offered.

Step 5 – Withdraw Litecoin (LTC)

Unless you're frequently trading, best advise is not to keep your coins on an Crypto Exchange for an longer time period. In order to take off your Litecoin (LTC), hover over the tab called “Funds” and click on “Withdraw”. (LTC) Litecoin can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find (LTC) Litecoin by using the provided drop-down box. Put into the volumen of (LTC) Litecoin you'd wish to withdraw. Don't forget the displayed minimus/fees. Also make sure you have filled your right withdraw address.

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

Congratulations! You've successfully bought and safed Litecoin (LTC) in Tanzania.

That's it!

Withdrawals from Crypto Trader can durate anywhere from 1 – 30 minutes (depending on usage of the network). As soon as you have confirmed your take off using Etherscan.io or Ethplorer.io and the (LTC) Litecoin is stored inside your wallet, you are done.