A Step-by-Step-Guide on how to buy Litecoin (LTC) in United States
Step 1 – Signup to Kraken In the beginning you'll need to buy units of the major currencies. Exchanges usually accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for any other Cryptocurrency. Click the button below for registration and to get your welcome Ethereum or Bitcoin.
Step 2 – Transfer Your Ethereum (ETH) or Bitcoin (BTC) to an Crypto Exchange Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Crypto Trader now. Every exchange has a deposit form that is identical. Litecoin (LTC) is obtainable on Binance, so we will use that as an example. Unsure on how to send Coinbase funds to an Crypto Exchange? (Follow this how-to) Make sure you've chosen the correct coin you want to deposit. Bitcoin must be sent to a BTC deposit address, ETH to an ETH deposit address, and so forth. In the case you are dealing with a decentralized exchange, like Airswap or DDEX could be different (Follow these easy steps).
Step 3 – Locate (LTC) Litecoin Once your deposit has been affirmed, you'll directly have access to your assets and you can commence buying and trading. To buy Litecoin (LTC) on Binance, you'll want to hover over the tab which is called “Exchange” and mouse click on “Basic”. In order to locate Litecoin (LTC), you will need to insert the shortname of the coin (LTC) into the search box, which is highlighted in the image. Be certain of having choosen the right grouping, we have marked this too. Click on “LTC/BTC” to advance.
Step 4 – Buying (LTC) Litecoin Once you have discovered (LTC) Litecoin, you'll be presented with a Chart with Prices (in the Center of the picture) and some Order Books (Leftside of the picture). Next we're going to make our own Limit Order. The “Price” field will be filled with the latest price Litecoin (LTC) was sold for. You can change this to your preferred rate. The “Amount” field is the volumen of LTC you wish to buy. The “Total” field is the total price in BTC that you'll pay for the complete volumen of LTC. If you're happy, 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're regularly trading, best advise is not to keep your crypto coins on an Cryptocurrency Exchange for an extensive period of time. To withdraw your Litecoin (LTC), go to the “Funds” tab and click on “Withdraw”. (LTC) Litecoin can be stored safely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find (LTC) Litecoin by using the provided drop-down box. Enter the quantity of Litecoin (LTC) you would like to take off. Don't forget the presented minimus/fees. Also make sure you have filled your correct withdraw address. If you are happy, make a mouse click on “Submit”. You may be requested for verfication via email/phone before a withdrawal.