How to Buy Litecoin (LTC) in United Arab Emirates

A Step-by-Step-Guide on how to buy Litecoin (LTC) in United Arab Emirates

Step 1 – Join Kraken

You'll first need to purchase units of the bigger coins. Exchanges usually accept either Ethereum or Bitcoin in exchange for alternative Coins. Click the button below to register and getting your welcome Ethereum or Bitcoin.

Step 2 – Transmit Your ETH (Ethereum) or BTC (Bitcoin) to an Crypto Trader

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

Make sure you've selected the precise coin you want to deposit.

Bitcoin must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, and so forth. If you are dealing with a decentralized exchange, such as Airswap or DDEX could be different (Just follow these easy steps).

Step 3 – Find Litecoin (LTC)

As soon as your deposit has been verified, you will instantly have access to your finances and you can initiate invest and trading. To buy (LTC) Litecoin on Binance, you'll want to hover over the “Exchange” tab and after that mouse click on “Basic”.

In order to spot Litecoin (LTC), you'll need to put the cointype (LTC) into the search box, which is marked in the image. Be certain of having choosen the correct grouping, we have marked this also. Click on “LTC/BTC” to continue.

Step 4 – Purchase (LTC) Litecoin

After you have discovered (LTC) Litecoin, you'll be given a Price Chart (in the Center of the picture) and a few Order Books (on the Left of the image). Next we are going to make our Limit Order.

The “Price” field will be filled with the up-to-date valuation Litecoin (LTC) was sold for. This can be changed to your favoured rate. The “Amount” field is the amount of LTC you want to buy. The field with the “Total” tag is the whole price in BTC that you'll pay for the complete volumen of LTC.

When you are glad, click on “Buy LTC”. Your plan will be filled as soon as a Vendor trades their LTC for the price you introduced.

Step 5 – Withdraw (LTC) Litecoin

Unless you are regularly trading, never keep your coins on an Cryptocurrency Exchange for an extensive time frame. In order to withdraw your (LTC) Litecoin, hover over the “Funds” tab and click on “Withdraw”. (LTC) Litecoin can be stored securely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Find (LTC) Litecoin by using the provided drop-down box. Enter the quantity of (LTC) Litecoin you would wish to withdraw. Don't forget the presented fees/minimums. Also make sure you have entered your correct withdraw address.

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

Kudos! You've successfully bought and stored Litecoin (LTC) in United Arab Emirates.

That's it!

Withdrawals from Exchange can durate anywhere from 1 – 30 minutes (depending on network usage). As soon as you have proved your withdrawal with Etherscan.io or Ethplorer.io and the Litecoin (LTC) is stored in your wallet, you are finished.