How to Buy Litecoin (LTC) in Timor-Leste

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

Step 1 – Signup to Kraken

In the beginning you'll need to purchase one of the major currencies. Exchanges commonly accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for any other Cryptocurrency. Click the button below for registration and receive your welcome Ethereum or Bitcoin.

Step 2 – Send Your Bitcoin or Ethereum to an Cryptocurrency Exchange

Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is similar. Litecoin (LTC) is accessible on Binance, so we will use that as an illustration. Unsure on how to send funds from Coinbase to an Crypto Exchange? (Follow this guide)

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

BTC must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, and so on. In the case you are working with a decentralized exchange, like Airswap or DDEX could be divergent (Follow these easy steps).

Step 3 – Find Litecoin (LTC)

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

To spot Litecoin (LTC), you'll need to put the short name of the asset (LTC) into the search box, which is marked in the picture. Make sure you have selected the right grouping, we've highlighted this also. Click on “LTC/BTC” to proceed.

Step 4 – Acquisition of Litecoin (LTC)

Once you've discovered Litecoin (LTC), you will be presented with a Chart with Prices (in the Center of the picture) and some Order Books (on the Left of the picture). For now we are going to make our Limit Order.

The “Price” field will be filled with the latest rate (LTC) Litecoin was traded for. This can be changed to your preferred price. The “Amount” field is the amount of LTC you wish to buy. The “Total” field is the total price in Bitcoin that you'll pay for the complete volumen of LTC.

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

Step 5 – Withdraw (LTC) Litecoin

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

Locate Litecoin (LTC) by using the given drop-down box. Enter the amount of Litecoin (LTC) you would wish to withdraw. Take into account the demonstrated minimus/fees. Also make sure you have entered your right withdraw address.

If you're happy, make a mouse click on “Submit”. You may be requested for verfication via email/phone ahead of a take off.

Kudos! You've successfully bought and safed (LTC) Litecoin in Timor-Leste.

That's it!

Take offs from Cryptocurrency Exchange can durate between 1 – 30 minutes (depending on usage of the network). As soon as you have confirmed your withdrawal with Ethplorer.io or Etherscan.io and the (LTC) Litecoin is stored within your wallet, you are done.