A Step-by-Step-Guide on how to buy Litecoin (LTC) in Vietnam
Step 1 – Signup to Kraken You will first need to buy units of the bigger currencies. Exchanges usually accept either Ethereum or Bitcoin in exchange for any other Cryptocurrency. Follow the Link below for registration and receive your welcome ETH (Ethereum) or BTC (Bitcoin).
Step 2 – Send Your Ethereum (ETH) or Bitcoin (BTC) to an Exchange Your ETH (Ethereum) or BTC (Bitcoin) 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. Unsure on how to send funds from Coinbase to an Exchange? (Just follow this guide) Make sure you have chosen the exact coin you want to deposit. BTC must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, etc. If you are working with a decentralized exchange, like Airswap or DDEX could be different (Follow our how-to).
Step 3 – Find Litecoin (LTC) Once your deposit has been approved, you'll immediately have access to your funds and you can begin buying and trading. To purchase (LTC) Litecoin on Binance, you will want to go to the tab which is called “Exchange” and after that click on “Basic”. To discover Litecoin (LTC), you will need to insert the short name of the asset (LTC) into the search box, which is highlighted in the graphic. Make sure you have choosen the correct grouping, we have marked this too. Click on “LTC/BTC” to continue.
Step 4 – Buy Litecoin (LTC) After you have spotted Litecoin (LTC), you will be given 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 field with the “Price” tag will be automatically filled with the up-to-date tariff Litecoin (LTC) was traded for. This can be changed to your favoured price. The field with the “Amount” tag is the quantity of LTC you wish to purchase. The field with the “Total” tag is the whole price in BTC that you will settle for the complete quantity of LTC. When you are happy, click on “Buy LTC”. Your plan will be filled when a Seller sells their LTC for the price you offered.
Step 5 – Withdraw Litecoin (LTC) Unless you're regularly trading, you should never keepyour coins on an Exchange for an extended time period. In order to take off your (LTC) Litecoin, hover over the “Funds” tab and mouse click on “Withdraw”. Litecoin (LTC) can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate (LTC) Litecoin by using the provided drop-down box. Drop in the quantity of (LTC) Litecoin you would wish to take off. Don't forget the displayed fees/minimums. Also make sure you have entered your right withdraw address. When you are happy, make a mouse click on “Submit”. You could be requested for email/phone verification ahead of a take off.