How to Buy Litecoin (LTC) in United Kingdom

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

Step 1 – Join Kraken

In the beginning you'll need to purchase units of the top-tier coins. Exchanges commonly accept either Bitcoin or Ethereum in exchange for alternative Coins. Click below to register and to get your welcome Bitcoin (BTC) or Ethereum (ETH).

Step 2 – Transmit Your Funds to an Crypto Trader

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

Make sure you have chosen the exact coin you wish to deposit.

BTC must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, and so on. If you are using a decentralized exchange, such as Airswap or DDEX could be opposed (Follow our how-to).

Step 3 – Find (LTC) Litecoin

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

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

Step 4 – Acquisition of Litecoin (LTC)

As soon as you have found Litecoin (LTC), you'll be presented with a Price Chart (in the Center of the picture) and a few Order Books (on the Left of the image). For now we are going to create our own Limit Order.

The field with the “Price” tag will be filled automatically with the recent price Litecoin (LTC) was traded for. This can be changed to your preferred price. The field with the “Amount” tag is the volumen of LTC you wish to purchase. The “Total” field is the total price in Bitcoin that you will pay for the complete quantity of LTC.

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

Step 5 – Withdraw (LTC) Litecoin

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

Locate Litecoin (LTC) by using the given drop-down box. Drop in the volumen of Litecoin (LTC) you would wish to take off. Don't forget the demonstrated fees/minimums. Also make sure you have entered your right withdraw address.

If you're happy, click on “Submit”. You could be asked for phone/email verification before a take off.

Kudos! You've successfully purchased and safed (LTC) Litecoin in United Kingdom.

That's it!

Take offs from Cryptocurrency Exchange can take anywhere from 1 – 30 minutes (depending on usage of the network). Once you've confirmed your withdrawal with Ethplorer.io or Etherscan.io and the (LTC) Litecoin is safe in your wallet, you are done.