How to Buy Litecoin (LTC) in Uruguay

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

Step 1 – Join Kraken

You will first need to buy one of the bigger currencies. Exchanges normally accept either Bitcoin or Ethereum in exchange for any other Cryptocurrency. Click below for registration and to get your welcome Bitcoin (BTC) or Ethereum (ETH).

Step 2 – Transfer Your BTC (Bitcoin) or ETH (Ethereum) to an Exchange

Your Bitcoin or Ethereum has to be sent over to an Exchange now. All exchanges have a deposit form that is alike. Litecoin (LTC) is accessible on Binance, so we're going to use that as an example. Unsure on how to send funds from Coinbase to an Crypto Trader? (Follow this how-to)

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

BTC must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, and so forth. If you're working with a decentralized exchange, like Airswap or DDEX could be different (Follow our how-to).

Step 3 – Locate (LTC) Litecoin

As soon as your deposit has been confirmed, you'll instantly have access to your finances and you can start purchasing and trading. To purchase Litecoin (LTC) on Binance, you'll want to go to the tab which is called “Exchange” and after that click on “Basic”.

In order to discover Litecoin (LTC), you will need to put the short name of the asset (LTC) into the search-box, which is marked in the graphic. Be certain of having choosen the right grouping, we've highlighted this also. Click on “LTC/BTC” to proceed.

Step 4 – Purchasing (LTC) Litecoin

Once you've discovered (LTC) Litecoin, you will be presented with a Price Chart (in the Center of the picture) and some Order Books (Leftside of the image). For now we are creating our Limit Order.

The “Price” field will be automatically filled with the most up-to-date rate (LTC) Litecoin was sold for. This can be changed to your favoured price. The “Amount” field is the quantity of LTC you wish to purchase. The field with the “Total” tag is the aggregated price in BTC that you will pay for the complete quantity of LTC.

When you're happy, click on “Buy LTC”. Your order will be filled as soon as a Vender trades their LTC for the price you gave.

Step 5 – Withdraw Litecoin (LTC)

Unless you're regularly trading, best advise is not to keep your coins on an Cryptocurrency Exchange for an extensive time period. To withdraw your (LTC) Litecoin, hover over the “Funds” tab and mouse click on “Withdraw”. Litecoin (LTC) can be stored safely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Find (LTC) Litecoin by using the given drop-down box. Put into the volumen of Litecoin (LTC) you'd like to take off. Don't forget the presented minimus/fees. Also make sure you have filled your right withdraw address.

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

Congratulations! You have successfully purchased and stored (LTC) Litecoin in Uruguay.

That's it!

Take offs from Exchange can durate anywhere from 1 – 30 minutes (depending on network usage). Once you've proved your withdrawal using Etherscan.io or Ethplorer.io and the (LTC) Litecoin is stored inside your wallet, you are done.