A Step-by-Step-Guide on how to buy Litecoin (LTC) in Uganda
Step 1 – Signup to Kraken You'll first need to buy units of the major currencies. Exchanges normally accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for alternative Coins. Click the button below for registration and getting your welcome Ethereum or Bitcoin.
Step 2 – Send Your Ethereum (ETH) or Bitcoin (BTC) to an Crypto Trader Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Exchange now. Every exchange has a deposit form that is alike. Litecoin (LTC) is available on Binance, so we're going to use that as an illustration. Not sure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Follow this how-to) Make sure you have chosen the correct coin you would like to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, et cetera. In the case you are working with a decentralized exchange, like Airswap or DDEX could be divergent (Follow our how-to).
Step 3 – Find Litecoin (LTC) Once your deposit has been affirmed, you will immediately have access to your funds 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 then click on “Basic”. In order to find Litecoin (LTC), you'll need to put the cointype (LTC) into the search box, which is highlighted in the image. Make sure you have selected the right pairing, we've highlighted this also. Click on “LTC/BTC” to advance.
Step 4 – Purchase (LTC) Litecoin After you have located (LTC) Litecoin, you will be given a Chart with Prices (in the Center of the picture) and some Order Books (on the Left of the image). And now we are going to make our Limit Order. The field with the “Price” tag will be filled automatically with the latest price (LTC) Litecoin was traded for. You can change this to your favoured rate. The “Amount” field is the quantity of LTC you want to buy. The “Total” field is the total price in BTC that you'll pay for the complete volumen of LTC. If you are satisfied, click on “Buy LTC”. Your plan will be filled when a Vender sells their LTC for the price you gave.
Step 5 – Withdraw Litecoin (LTC) Unless you are regularly trading, you should never keepyour coins on an Cryptocurrency Exchange for an extensive period of time. In order to withdraw your (LTC) Litecoin, go to the tab called “Funds” and click on “Withdraw”. Litecoin (LTC) can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find (LTC) Litecoin by using the provided drop-down box. Drop in the amount of Litecoin (LTC) you'd wish to withdraw. Take into account the displayed minimus/fees. Also make sure you have entered your right withdraw address. When you are happy, make a mouse click on “Submit”. You could be requested for verfication via phone/email ahead of a withdrawal.