How to Buy Litecoin (LTC) in Venezuela

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

Step 1 – Join Kraken

In the beginning you'll need to purchase units of the top-tier coins. Exchanges usually accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for any other Cryptocurrency. Click the button below to register and getting your first Bitcoin or Ethereum.

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

Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Exchange now. Every exchange has a deposit form that is similar. Litecoin (LTC) is available on Binance, so we will use that as an illustration. Not sure on how to send funds from Coinbase to an Crypto Trader? (Just follow this guide)

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

Bitcoin must be sent to a BTC deposit address, Ethereum to an ETH deposit address, and so on. In the case you're working with a decentralized exchange, such as Airswap or DDEX could be different (Just follow our guide).

Step 3 – Locate (LTC) Litecoin

As soon as your deposit has been confirmed, you will instantly have access to your assets and you can begin invest and trading. To invest in Litecoin (LTC) on Binance, you'll want to hover over the “Exchange” tab and then mouse click on “Basic”.

To spot Litecoin (LTC), you'll need to put the shortname of the coin (LTC) into the search box, which is highlighted in the graphic. Make sure you have choosen the proper pairing, we have marked this also. Click on “LTC/BTC” to progress.

Step 4 – Purchasing (LTC) Litecoin

As soon as you have discovered (LTC) Litecoin, you will be given a Chart with Prices (in the Center of the image) and some Order Books (on the Left of the image). For now we're going to make our Limit Order.

The “Price” field will be automatically filled with the latest rate (LTC) Litecoin was traded for. This can be changed to your desired 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 settle for the complete volumen of LTC.

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

Step 5 – Withdraw (LTC) Litecoin

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

Locate (LTC) Litecoin by using the provided drop-down box. Put into the amount of Litecoin (LTC) you'd wish to take off. Take into account the displayed fees/minimums. Also make sure you have entered your precise withdraw address.

When you're happy, click “Submit”. You may be requested for email/phone verification before a withdrawal.

Congratulations! You have successfully bought and stored (LTC) Litecoin in Venezuela.

That's it!

Withdrawals from Crypto Exchange can take anywhere from 1 – 30 minutes (depending on usage of the network). Once you have proved your withdrawal using Ethplorer.io or Etherscan.io and the Litecoin (LTC) is stored within your wallet, you're finished.