A Step-by-Step-Guide on how to buy Litecoin (LTC) in Barbados
Step 1 –
Join Coinbase and get 10$ for free
In the beginning you'll need to buy one of the top-tier currencies. Exchanges usually accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for any other Cryptocurrency. Click below to register and getting your welcome $10.
Step 2 –
Send Your BTC (Bitcoin) or ETH (Ethereum) to an Exchange
Your Bitcoin or Ethereum has to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is similar. Litecoin (LTC) is accessible on Binance, so we will use that as an sample. Not sure on how to send funds from Coinbase to an Exchange? (Just follow this how-to)
Make sure you have chosen the correct coin you would like to deposit.
BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, and so forth. In the case you're using a decentralized exchange, such as Airswap or DDEX could be opposed (Just follow these easy steps).
Step 3 –
Locate (LTC) Litecoin
Once your deposit has been confirmed, you'll directly have access to your finances and you can start purchasing and trading. To buy (LTC) Litecoin on Binance, you'll want to go to the tab which is called “Exchange” and then mouse click on “Basic”.
In order to discover (LTC) Litecoin, you'll need to put the cointype (LTC) into the search box, which is highlighted in the picture. Make sure you have choosen the right pairing, we have marked this also. Click on “LTC/BTC” to proceed.
Step 4 –
Buying (LTC) Litecoin
After you've found (LTC) Litecoin, you will be presented with a Price Chart (in the Center of the image) and a few Order Books (on the Left of the image). For now we're going to make our Limit Order.
The field with the “Price” tag will be automatically filled with the most recent valuation (LTC) Litecoin was sold for. This can be changed to your favoured price. The field with the “Amount” tag is the quantity of LTC you like to purchase. The field with the “Total” tag is the total price in Bitcoin that you will settle for the complete amount of LTC.
If you are glad, click on “Buy LTC”. Your order will be filled as soon as a Seller trades their LTC for the price you submitted.
Step 5 –
Withdraw Litecoin (LTC)
Unless you are trading, never keep your crypto on an Cryptocurrency Exchange for an longer time frame. To withdraw your (LTC) Litecoin, hover over the “Funds” tab and click on “Withdraw”. (LTC) Litecoin can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)
Locate Litecoin (LTC) by using the given drop-down box. Drop in the amount of (LTC) Litecoin you'd wish to withdraw. Take into account the presented fees/minimums. Also make sure you have entered your precise withdraw address.
When you're satisfied, click on “Submit”. You could be requested for verfication via phone/email before a take off.
