A Step-by-Step-Guide on how to buy Litecoin (LTC) in Vanuatu
Step 1 – Join Kraken You will first need to buy units of the bigger currencies. Exchanges commonly accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for alternative Coins. Click below for registration and getting your welcome Ethereum (ETH) or Bitcoin (BTC).
Step 2 – Transmit Your Ethereum or Bitcoin to an Cryptocurrency Exchange Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is similar. Litecoin (LTC) is available on Binance, so we're going to use that as an illustration. Not sure on how to send Coinbase funds to an Crypto Trader? (Follow this how-to) Make sure you've selected the exact coin you wish to deposit. BTC must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, etcetera. In the case you're working with a decentralized exchange, such as Airswap or DDEX could be divergent (Follow our how-to).
Step 3 – Find (LTC) Litecoin Once your deposit has been confirmed, you'll instantly have access to your finances and you can begin purchasing and trading. To purchase (LTC) Litecoin on Binance, you'll want to hover over the “Exchange” tab and click on “Basic”. To locate Litecoin (LTC), you'll need to put the short name of the asset (LTC) into the search box, which is highlighted in the image. Be certain of having selected the correct pairing, we've marked this also. Click on “LTC/BTC” to advance.
Step 4 – Purchase (LTC) Litecoin After you have discovered (LTC) Litecoin, you'll be presented with 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 most recent tariff Litecoin (LTC) was traded for. This can be changed to your desired rate. The “Amount” field is the volumen of LTC you want to buy. The “Total” field is the aggregated price in BTC that you will pay for the complete volumen of LTC. If you're happy, make a mouse click on “Buy LTC”. Your plan will be filled as soon as a Seller sells their LTC for the price you offered.
Step 5 – Withdraw (LTC) Litecoin Unless you are frequently trading, best advise is not to keep coins on an Crypto Exchange for an extensive period of time. To withdraw your Litecoin (LTC), hover over the tab called “Funds” and mouse click on “Withdraw”. (LTC) Litecoin can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate (LTC) Litecoin by using the given drop-down box. Enter the quantity of (LTC) Litecoin you would like to withdraw. Don't forget the displayed minimus/fees. Also make sure you have filled your precise withdraw address. When you are glad, click on “Submit”. You may be requested for phone/email verification ahead of a take off.